BlackOutBuzz wrote:MPM wrote:Nice. Top of my list guy, and:
Jeremy Lin announced just hours before NBA players can sign contracts that he will join the Charlotte Hornets. A source confirmed to ESPN.com that the contract is for Charlotte’s biannual exception — two years and $4.3 million. – via ESPN.com
I was holding off as there were reports of MLE, but if this is really two years at 4.3 mil total, wow, just wow. Would love it if that is two years fixed, but my guess is that Lin negotiated a second year player option so that he can opt into the FA money grab then. Still not 100% clear if it's 4.3 per, or? Blackout?
The Bi-Annual is only worth $2,139,000, add on a second year at the max 4.5% raise and it comes out to $4,374,255 in total.
Year 1: $2,139,000
Year 2: $2,235,255
What's interesting to me is that we didn't opt to use part of the MLE instead. The MLE can be used every year, but the Bi-Annual can only be used once every two years (so we won't have it next year). Makes me think there's still a plan for the MLE.
Deal keeps getting better. I would have been happy with 4.3 annually.































