BoogieTime wrote:simonbampfield wrote:BoogieTime wrote:
I believe it would be based off his current underpaid amount, in that case not seeing an extension
So you don't believe Sabonis will sign an extension prior to his contract expiring?
Unless I'm misinformed on how the cap works, I wouldnt think so (not my strong suit either). From what I understand, from where he is in his career, it would start with incremental raises from his ~19 mil contract, which would significantly undervalue him.
Maybe someone knows more
Nor is it my strong suit.
But as I understand it, he can sign an extension this off season to a max of 5 years with the 2 remaining staying.
So in essence he would be adding 3 years. As a vet extension, he can sign for 120% of his final year's salary with up to 8% raises.
I'm not sure if he will sign it straight away, but after next season it would still be in his interests to sign. He could gamble on UFA, but if he is looking to make a home etc, etc, I think he will prioritize being locked up long term.
Now as mentioned this isn't a strong suit, but from what I read below:
Extensions of Veteran Contracts —
Regular Extensions — Unless a veteran’s contract is going to be extended during the last season of his contract, the extension can only be negotiated and entered into during the off-season (i.e., July 1 to the day before the regular season).
A regular extension of a veteran’s contract may cover 5 years (including the years remaining on the original contract when the extension is signed).
The player’s salary in the first year of the extension may be up to the greater of: (i) 120% of the player’s salary in the last year of the original contract, and (ii) 120% of the estimated average player salary in the year the extension is signed. Salary may increase (or decrease) in the extended term by up to 8% (instead of 5%) of the salary in the first year of the extension.
So if he signs an extension this off season say for 5 years:
18,562,500
19,937,500
21,312,500
25,575,000
27,621,000
Or if he signs for 5 years after next season:
$21,312,500.00
$25,575,000.00
$27,621,000.00
$29,830,680.00
$32,217,134.00
Or he can get a lot more going into UFA.