jesyjames wrote:MagicTownBaller wrote:Maybe I'm wrong, but the max contract for a player is 30% of the cap. The cap is at $58 Million. So the starting salary can only be $17.4 Million with 4.5% increase every year. So that means that he can only sign a little less then $75 Million over 4 years.
First Year: $17,400,000
Second Year: $18,180,000
Third Year: $19,000,000
Fourth Year: $19,860,000
That equals $74,440,000 over four years for a team signing him outright in free agency. That averages out to $18,610,000 per year.
First Year: $17,400,000
Second Year: $18,700,000
Third Year: $20,110,000
Fourth Year: $21,620,000
Fifth Year: $23,240,000
That equals $101,070,000 over five years for us re-signing him with our bird rights. That averages out to $20,214,000 per year.
He would make the same amount of money in his first year with us or with a new team. The difference is how much of an increase he will get each year. With us he will get a lot more money.
Factor in state sales tax too or the lack there of for the 5 year contract.
That too. The "No State Tax" is a big thing too. He would lose a good percentage of his money by signing in New Jersey/Brooklyn or Los Angeles.