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Do you guys recall Magics 25 YEARS contract he signed for 25 million dollars?

I saw it on ESPN last night.

That's pretty crazy contract to sign lol

That is when money was not out of the world and players could give back some money to help the team sign other players.

I never knew this haha.

Yep, it was a huge deal at the time. Luckily Buss is a good man and let him renegotiate it.

USA wrote:Yep, it was a huge deal at the time.

NBA Salary Cap and average player salary since the introduction of the cap in 1984.[5]

Salary Cap

Dr. Buss is visionary.

TonyMontana wrote:Do you guys recall Magics 25 YEARS contract he signed for 25 million dollars?

I saw it on ESPN last night.

Yeah I remember that T-Money, Dr.Buss only broke Magic off a mil a year.......cheap ass !

That right there shows why there could be a lock out after next season. Money is going thru the roof.

DEEP3CL wrote:

TonyMontana wrote:Do you guys recall Magics 25 YEARS contract he signed for 25 million dollars?

I saw it on ESPN last night.

Yeah I remember that T-Money, Dr.Buss only broke Magic off a mil a year.......cheap ass !

Its crazy to think he signed for a mil a year, but that was in 81 nobody ever knew that the NBA was going to grow to where it is today.

Whats crazy is the length of the contract. 25 years.No player has ever played 25 years in the league.

I wonder if he ever renegotiated his contract later in his career??

I am sure it was a front loaded contract full of bonuses.

H00PDREAMS wrote:I am sure it was a front loaded contract full of bonuses.

from what i remember it was 25 years with 1 mil per year straight up. basically deferred payment for his playing years.