Topofthekey wrote:How come Turner's extension with Pacers is limited to only $97m but Heat get to extend Herro at that amount?
From cbabreakdown.com:
Extentions of Rookie Scale Contracts — Any Rookie Scale Contract can be extended during the off-season before the rookie’s fourth year in the league (i.e., July 1 to the day before the regular season).
Regular Extensions —
A regular extension of a Rookie Scale Contract may add up to 4 new years to the player’s contract (for a total of 5 years when the remaining year is included, as these contracts can only be extended just before the fourth year of the contract, between the end of the moratorium period in July through the day before the regular season season starts).
The player’s salary in the first year of the extended term can be any amount up to his applicable maximum annual salary. Salary may increase (or decrease) in the extended term by up to 8% (instead of 5%) of the salary in the first year of the extension.
Extentions of Veteran Contracts — Regular Extensions — Unless a veteran’s contract is going to be extended during the last season of his contract, the extension can only be negotiated and entered into during the off-season (i.e., July 1 to the day before the regular season).
A regular extension of a veteran’s contract may cover 5 years (including the years remaining on the original contract when the extension is signed).
The player’s salary in the first year of the extension may be up to the greater of: (i) 120% of the player’s salary in the last year of the original contract, and (ii) 120% of the estimated average player salary in the year the extension is signed. Salary may increase (or decrease) in the extended term by up to 8% (instead of 5%) of the salary in the first year of the extension.