Extension Salary Minimum

PimpHandStrong · Post #1 » by **PimpHandStrong** » Thu Feb 7, 2013 11:12 pm

I've looked through this forum a bit, read through Larry Coon's FAQ and some of the 2005 CBA, and I've yet to find an answer (a sufficient one, anyway) to my question.

It's made clear that in the first year of the extended term in an extension, the maximum a player can receive is 107.5% of his salary in the last year of the original contract or the max, whichever is less. What is the minimum amount a player can receive in the first year of the extended portion of an extended contract? Is it 92.5% of his salary in the final year of the original contract or less? If it is 92.5% of the salary in the final year of the original contract, how was Steve Nash able to sign an extension in 2009 starting at 79% of his salary in the last year of his original contract (where, by the same rule, if such a rule exists, would have set a lower bound of 89.5%)? Is there no lower bound? Thanks.

Dunkenstein · Post #2 » by **Dunkenstein** » Fri Feb 8, 2013 6:30 am

PimpHandStrong wrote:It's made clear that in the first year of the extended term in an extension, the maximum a player can receive is 107.5% of his salary in the last year of the original contract or the max, whichever is less.

If you read #58 of Larry's FAQ, you'll see that "The salary in the first year of a veteran extension may be any amount up to 107.5% of the player's previous salary, but no more than the player's maximum salary in that season." I don't know where you came up with the idea of "whichever is less".

What is the minimum amount a player can receive in the first year of the extended portion of an extended contract? Is it 92.5% of his salary in the final year of the original contract or less?

As far as I understand the issue, in both the 2005 and 2011 CBAs, while the maximum limits of the first year of an extended salary is spelled out, there is no limit on how low the parties may agree to lower the player's salary in the first year of the extension. It is not limited by 92.5% of his salary in the final year of the original contract.

PimpHandStrong · Post #3 » by **PimpHandStrong** » Fri Feb 8, 2013 3:44 pm

Dunkenstein wrote:If you read #58 of Larry's FAQ, you'll see that "The salary in the first year of a veteran extension may be any amount up to 107.5% of the player's previous salary, but no more than the player's maximum salary in that season." I don't know where you came up with the idea of "whichever is less".

They mean exactly the same thing.