Someone asked about restructuring contracts before the draft
Posted: Tue Jul 13, 2010 12:49 pm
I had mentioned that the player has to be the one to re-structure his contract, and that it rarely happens. It just happened with Turkoglu:
Turkoglu to agree to waive his 15% Trade Kicker and drop the final guaranteed year of the contract. In short Turk's contract is now worth three more years and $31 million… shaving $12 million off the final years and saving the Suns a sizable trade bonus in the process.
Read more NBA news and insight: http://www.hoopsworld.com/Story.asp?sto ... z0tZ9xBsF3
Just an FYI that it occurs every once in a while.
Turkoglu to agree to waive his 15% Trade Kicker and drop the final guaranteed year of the contract. In short Turk's contract is now worth three more years and $31 million… shaving $12 million off the final years and saving the Suns a sizable trade bonus in the process.
Read more NBA news and insight: http://www.hoopsworld.com/Story.asp?sto ... z0tZ9xBsF3
Just an FYI that it occurs every once in a while.