Andray Blatche contract extension
Posted: Fri Sep 24, 2010 10:38 pm
The 6-foot-11 Blatche, who signed a five-year deal worth $15 million in the summer of 2007, was slated to earn $3.26 million this season and $3.52 million next season. But the deal is structured in a complicated manner that allows the Wizards to give him a salary boost the next two seasons, using some of their available salary cap space. So, this basically works out to being a five-year contract with Blatche is expected to earn more than $30 million between now and the end of this deal. When asked if the deal compared to the five-year, $34-million contract Amir Johnson signed this summer with the Toronto, the source said it was "in the ballpark."
Does anyone know how this works?
Is it basically a renegotiated contract?