http://www.nba.com/kings/news/King_MeMike_Bibby_Signs_Multi.html -- SACRAMENTO, Calif., Aug. 16 -- Sacramento Kings President, Basketball Operations Geoff Petrie announced today that the team has re-signed restricted free agent guard Mike Bibby to a multiyear contract. Per club policy, terms of the deal were not disclosed. “This is a really exciting day for the Kings,” explained Petrie. “He’ll be one of the best point guards in the NBA for years to come, and it solidifies that position for us going forward. We’re really appreciative of the way Mike reached out to try and help make our team better. It will be exciting to watch our team continue to come together. “Mike’s signing is another example of the Maloof Family’s total commitment to keeping a premier Kings product on the basketball floor.” Bibby, a four-year NBA veteran, played an integral role in Sacramento’s success last season, and particularly during the playoffs, as his level of play was simply stellar. Averaging 13.7 points (.453 FG%, .370 3pt%, .803 FT%), 5.0 assists, 2.8 rebounds and 1.09 steals per game through the 2001-02 regular season, Bibby increased his statistical production during the playoffs, averaging 20.3 points (.444 FG%, .424 3pt%, .826 FT%), 5.0 assists, 3.8 rebounds and 1.44 steals per game over 16 contests. With Peja Stojokovic, the Kings’ second-leading scorer, sidelined with an injury for most of the playoffs, Bibby provided much needed scoring for Sacramento, posting double figures in 14 games. He scored 20 points or more in 12 playoff outings, and led the team in scoring on four occasions in the first playoff experience of his career. “We’re absolutely thrilled that Mike has decided to stay in Sacramento,” said Kings’ co-owner Joe Maloof. “He’s a high-class guy, who meant a lot to our franchise this past year. Mike’s going to be tremendous for us in the years to come. He probably could have gotten more money elsewhere, but he sacrificed to stay with the organization because he believes in what Gavin and I are trying to accomplish in Sacramento. Instead of waiting to sign next year he decided to sign with us this year, and it’s a win-win situation for everyone.” Bibby’s consecutive games played and games started streak ended last season at 246 games when he missed the January 6th contest versus Milwaukee with a strained right knee. He missed only two games due to the injury and started in every other (80 games) in his first season with the Kings. “I’m happy it’s all over,” said Bibby. “I’m looking forward to the upcoming season and many years to come in a Kings uniform. It feels good to be back on the team.” Acquired by Sacramento from Vancouver along with Brent Price for Jason Williams and Nick Anderson on June 27, 2001, Bibby was a first round selection (second overall) of the 1998 NBA Draft by the Grizzlies. He is Vancouver’s all-time leader in assists with 1,675. Bibby earned First-Team All-Rookie honors in 1998-99 after averaging 13.2 points (.430 FG%, .203 3pt%, .751 FT%), 6.5 assists (13th in NBA), 2.7 rebounds and 1.56 steals (25th in NBA) per game while starting in all 50. “We’re elated by the signing of Mike Bibby,” explained Kings’ co-owner Gavin Maloof. “We’re proud to have him back as part of the Kings organization. With Mike back in the fold, we’re just really excited about the upcoming season.” In each of Bibby’s three seasons with Vancouver his statistical numbers increased. He went from averaging 13.2 points and 6.5 assists per game in his rookie season (1998-99) to averaging 14.5 points and 8.1 assists in his sophomore campaign. Over his three-year career with the Grizzlies, Bibby never missed a game and started in every contest (214 games). Before entering the NBA after his sophomore year at Arizona, Bibby played an instrumental role in the Wildcats winning the NCAA Championship as a freshman, scoring 20 points in the NCAA Semifinal game against North Carolina and in the NCAA title game against Kentucky. He was named Pac-10 Player of the Year and First Team All-America by the Associated Press upon averaging 17.2 points, 5.7 assists and 2.40 steals per game as a sophomore. --
7 years, $81 million. That translates to about $7 million in the first year with ~$875,000 yearly raises each year after that.
