Andray Blatche contract extension

[lakerfan10770]

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?

[Dunkenstein]

Is it basically a renegotiated contract?

For want of a better term, you could call it that.

The Wizards were able to increase his salary for this year and next because they were under the cap. Then they added a three year extension with 10.5% raises based on his new 2011-12 salary.

His new numbers:
$5,904,152
$6,442,083
$7,118,502
$7,794,921
$8,471,339