As the extension rule is written now, teams can only sign a drafted player to a max extension after their rookie season. After the second season a team can offer a player a reduced extension but that salary reduction means a fewer year is added on. The same thing goes after year three, lower money but fewer years.
K-DOT's extension amendment...
Rather then forcing a team to make the decision to offer a max extension to a player right after their rookie season, it is now proposed that a team can extend a player the max number of years at any time if the team is able to prorate the maximum salary that player would have gotten if they were extended after their rookie season.
For example, the #1 pick in the 2019 draft Zion Williamson. If Indy wanted to offer a maximum extension next offseason, they would get Zion for an additional three years at a much higher rate. His contract would go from $67/3 to $128/6. Indiana would have control of their drafted player for three additional years but would pay him an extra $567 total to buyout those first three years of free agency. If a team (Indiana in this case) could not afford to pay that max extension after the players rookie year or wasn't sure if they wanted to commit to a player after only one season then they can offer an extension with the maximum number of years at any time prior to the final year of his rookie contract by prorating that $567 over the remainder of the contract.
I know it probably looks complicated but it really isn't. Offer a maximum three year extension at any time before the final year of a players contract. But just prorate the total amount of salary the player would've gotten had you offered that deal after his rookie season. This will give teams a little more flexibility moving forward with their draft picks.
I'm sure there will be questions, so feel free to ask. Voting will begin in a few days and will end by 9/27. Majority rules so 16 yes votes will be needed in order to add this to our extension rule.
K-DOT wrote:How's this:
If a team decides not to extend a player's contract after his first season, they may extend for 3 years at any point, but must pay the amount that player would have received had he been extended earlier over the remaining years left on his contract plus the 3 years of the extension.
For example, under the current rule should the #1 pick whose base salary is $67 be extended for 3 years, his salary would be $67 for the first year, then $128 for the next 6 years for a total of $835 over seven years. If the team holds off on extending him, he would be paid only $67 his second year, a difference of $61. This $61 is then spread out among the next 5 years (2 + 3 extension years), after the 90% increase has been added. This new contract would look like $67 for the first two years, then $141 for the next five for a total of $839 over seven years. This can be done after the second or third year of a player's rookie contract.
Basically, take the amount they would have gotten total for their contract had it been extended after year one, subtract how much they've been paid, and divide the remainder over how many years they would be under contract for.
I think that should cover it, but if there's any holes or loopholes I missed, please let me know
YES- (20) Boston, Charlotte, Cleveland, Clippers, Dallas, Denver, Detroit, Golden State, Houston, Indiana, Lakers, Miami, Milwaukee, New Orleans, Oklahoma City, Orlando, Sacramento, San Antonio, Toronto, Utah