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Rockets Offer Mutombo and Hayes Contracts

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by Lil' Worm, Jul 3, 2007.

  1. rpr52121

    rpr52121 Sober Fan
    Supporting Member

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    And the rockets get some money back...

    "When a player has been in the NBA for three or more seasons, and is playing under a one-year, ten-day or rest-of-season contract, the league office actually reimburses the team for part of his salary - any amount above the minimum salary level for a two-year veteran. For example, in 2005-06 the minimum salary for a two-year veteran is $719,373, so for a ten-year veteran, with a minimum salary of $1,138,500, the league would reimburse the team $419,127. Only the two-year minimum salary is included in the team salary, not the player's full salary. They do this so teams won't shy away from signing older veterans simply because they are more expensive when filling out their last few roster spots."
     
  2. thephatp

    thephatp Member

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    Change the title of this thread--VERY misleading.

    Also, check the sources when it provides a link to where the info comes from. This is OLD news, and the thread title is not accurate.
     

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