Is Kyrie unable to sign his super max extension now? Is he required by the CBA to wait until this summer?
Question re: Kyrie's contract
- Thread starter NomarsFool
- Start date
He has a player option for 19/20 and can only sign an extension now. July 1 he can opt out and sign a max deal. He is not eligible for the supermax because he is not on the team that drafted him nor was he attained via trade during his rookie scale contract.
No and yes.
First, designated veteran extensions can only be signed from July to the start of the season. Second, Kyrie is not eligible for the designated veteran extension, as he was traded after his 4th year in the league. So any extension to Kyrie's contract would limit his salary to 120% of his current salary (I think).
Only way to resign Kyrie is for him to become a free agent, and the Celtics can then use his Bird rights to sign him to a new contract.
EDIT: And, yes, there is a player option for 2019-20 that would I believe kick in. Either way, Kyrie would leave too much $$$ on the table.
First, designated veteran extensions can only be signed from July to the start of the season. Second, Kyrie is not eligible for the designated veteran extension, as he was traded after his 4th year in the league. So any extension to Kyrie's contract would limit his salary to 120% of his current salary (I think).
Only way to resign Kyrie is for him to become a free agent, and the Celtics can then use his Bird rights to sign him to a new contract.
EDIT: And, yes, there is a player option for 2019-20 that would I believe kick in. Either way, Kyrie would leave too much $$$ on the table.
To add to the above, extensions are rarely financially reasonable for players in the NBA so you can basically always assume an extension will not be signed. The primary exception is rookies, who can sign full value extensions prior to FA. This is true because extensions are indexed to the current contract with permitted annual increases. That means unless you are already being paid your going forward market value, or very close, which is very unlikely because of the rising cap environment and because you can make more as you get older, you cannot maximize earnings via an extension.
In general, it is best to assume no one in the NBA who is not on a rookie deal will ever sign an extension.
In general, it is best to assume no one in the NBA who is not on a rookie deal will ever sign an extension.
Good correction. Designated vets also fall into the category of players who can sign extensions. Almost no one is a designated vet though.
You forgot to add in the supermax qualifier, as in no one not on a rookie deal and not eligible for the supermax extension will sign one, https://heavy.com/sports/2017/07/nba-supermax-contract-deal-salary-how-much-designated-player/