contract wrote:RexBoyWonder wrote:contract wrote:Yes. We owe him $101 million over 2 years ... unless he declines his players option, in which case we owe him $49 million for 1 year. That's it. It would be a mistake to extend Jimmy at $50 million per year. It would be a mistake to extend Jimmy at $40 million per year.
There's a very high probability that Jimmy is already overpaid starting next season. I understand why he wants an extension, but there's no good reason for the Heat to give him one. It would be mismanagement to extend Jimmy.
Everyone supporting an extension now will be disowning it in 2 years.
No one think h'ell be worth his salary at age 37, the front office isn't stupid.
It's about taking care of your superstars, about letting him retire as a Heat, it's the things we **** up with Wade.
It's less about the future play and more about taking care of the person and appreciation his accomplishments.
It's only a 1 year extension, So I don't think it's that big of a deal. I don't think we're contending for a ship in 3 years anyway.
We're taking care of him now. He's not our superstar, he's a merc. He's played most of his career on 3 other teams.
He's a merc? He wanted to spend his whole career in Chicago and during their "2 year plan" to have cap space for 2 max players (which is why they gave Wade and Rondo 2 year contracts) they decided to go with the youth movement, and he was traded to Minnesota and then was traded to Philly. Miami is the only team he's picked to play in, the other places were out of his control.
If Butler and Miami extended 1 more year, he'd miss by 1 year of being in Miami half of his career (8 years out of 17). Even if Miami doesn't extend him another year, at the end of his player's option year he'll have spent more time in Miami than Chicago.
On the value thing... his new last year at 37 may not be a nearly the bad deal you're thinking about as it should be the 2nd year the salary cap increased 10% with the new media deal (no big jump like last time, they're doing a 10% smoothing cap increase) so just the salary cap (not aprons) could be 25-30 million more by then. Bobby Marks is predicting the first 100 million dollar a year contract in 2032 and possibly before then.
“There are provisions in the CBA where the salary cap is smoothed to a 10 percent annual increase. It’s not like the prior years, like 2016, where TV revenue came in and all of a sudden the cap spiked,” Marks said.
“There’s provisions in there as far as what happens if the TV deal doubles. One of the provisions is it would trigger a cause where the players’ association would have the right to negotiate new language about how you can phase in that money.
“When you look at it, it’s probably unrealistic that we would see a $100 million player in the next five or six years.”
Marks said that there is projected to be a jump of about 3.7 percent this offseason, and then it should go up about 10 percent a year from there given the new TV deals and the smoothing provisions.
“When you take that into account, you get to a $100 million-a-year player in the 2032-33 season. Maybe a little sooner, but I don’t see it happening within the next five years,” he said.
https://nypost.com/2024/05/02/sports/nba-superstars-will-make-over-100m-per-year-in-under-a-decade/For Miami's sake, they better lock up Bam as soon as possible on his 2nd extension, he'll end up being a bargain during that contract because of how much the cap is going to go up!
