I don't clearly understand it, under the Arenas rule, aren't teams only allowed to go up to the MLE?
Matthews’ offer effectively is a max contract for a player who reached free agency after his rookie season. The Blazers signed Matthews to a deal worth the full midlevel exception of $5.765 million plus annual raises from there.
In addition, the offer sheet contains the maximum signing bonuses and front-loading as allowed by the NBA’s salary rules, Young said.
As a result, the Jazz would have to make a $9.2 million upfront payment to Matthews within a week should they match.
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