Jamison Close To 4 Year, $50 Million Extension

arenas809 · Post #1 » by **arenas809** » Mon Jun 30, 2008 8:03 pm

http://sports.espn.go.com/nba/news/story?id=3467806

raleigh · Post #2 » by **raleigh** » Tue Jul 1, 2008 1:00 am

Mods, would it be possible to have a "free agent signing" thread starting on the 9th like we did last year?

lakerfan10770 · Post #3 » by **lakerfan10770** » Tue Jul 1, 2008 2:43 am

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.

bgwizarfan · Post #4 » by **bgwizarfan** » Tue Jul 1, 2008 12:08 pm

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

Dunkenstein · Post #5 » by **Dunkenstein** » Tue Jul 1, 2008 9:55 pm

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.

arenas809 · Post #6 » by **arenas809** » Wed Jul 2, 2008 1:09 pm

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

lakerfan10770 · Post #7 » by **lakerfan10770** » Wed Jul 2, 2008 4:33 pm

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

arenas809 · Post #8 » by **arenas809** » Wed Jul 2, 2008 11:47 pm

How are those raises possible?

lakerfan10770 · Post #9 » by **lakerfan10770** » Wed Jul 2, 2008 11:57 pm

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"