Page 1 of 1
Jamison Close To 4 Year, $50 Million Extension
Posted: Mon Jun 30, 2008 8:03 pm
by arenas809
Re: Jamison Close To 4 Year, $50 Million Extension
Posted: Tue Jul 1, 2008 1:00 am
by raleigh
Mods, would it be possible to have a "free agent signing" thread starting on the 9th like we did last year?
Re: Jamison Close To 4 Year, $50 Million Extension
Posted: Tue Jul 1, 2008 2:43 am
by lakerfan10770
I guess the only pertinent question for this board about Jamison's new contract is: What is the structure?
Is it a flat $12.5M per year or maybe $11M, $12M, $13M, $14M.
Re: Jamison Close To 4 Year, $50 Million Extension
Posted: Tue Jul 1, 2008 12:08 pm
by bgwizarfan
lakerfan10770 wrote:I guess the only pertinent question for this board about Jamison's new contract is: What is the structure?
Is it a flat $12.5M per year or maybe $11M, $12M, $13M, $14M.
an interesting facet to this is that b/c jamison signed an "extension," the raises/decreases can be up to 10.5% of the last season of his original contract ($16 + million), so there's even more flexibility in the way the contract could be structured
Re: Jamison Close To 4 Year, $50 Million Extension
Posted: Tue Jul 1, 2008 9:55 pm
by Dunkenstein
bgwizarfan wrote:an interesting facet to this is that b/c jamison signed an "extension," the raises/decreases can be up to 10.5% of the last season of his original contract ($16 + million), so there's even more flexibility in the way the contract could be structured
Further to what bgwiz just pointed out, I've heard that his first year starts at a hair under $10M. By going with larger yearly raises, Grunfeld saves more money this year and is able to offer Arenas a 6 year, $127M contract and still stay under the Luxury Tax threshold.
Re: Jamison Close To 4 Year, $50 Million Extension
Posted: Wed Jul 2, 2008 1:09 pm
by arenas809
Everything tells me that he's going to be Wizard and I could see him taking less to make it easier for this team as Ernie Grunfeld tries to put together a championship roster. The key, I'm told by a team source, is how the contract will be structured in the last three or four years when the cap number increases along with Antawn Jamison's, whose number is $9.9 for next season and increases to $15 million by year four.
http://blog.washingtonpost.com/wizardsi ... _to_a.html
Re: Jamison Close To 4 Year, $50 Million Extension
Posted: Wed Jul 2, 2008 4:33 pm
by lakerfan10770
So according to what we know, is his salary structure going to be:
'08-'09 - $9,900,000
'09-'10 - $11,600,000
'10-'11 - $13,300,000
'11-'12 - $15,000,000
Total - $49,800,000
Re: Jamison Close To 4 Year, $50 Million Extension
Posted: Wed Jul 2, 2008 11:47 pm
by arenas809
How are those raises possible?
Re: Jamison Close To 4 Year, $50 Million Extension
Posted: Wed Jul 2, 2008 11:57 pm
by lakerfan10770
arenas809 wrote:How are those raises possible?
check out what bgwizarfan wrote a couple posts prior:
"an interesting facet to this is that b/c jamison signed an "extension," the raises/decreases can be up to 10.5% of the last season of his original contract ($16 + million), so there's even more flexibility in the way the contract could be structured"