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Shaq to receive 3 year-$83.5 million extension

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by BrianKagy, May 10, 2000.

  1. BrianKagy

    BrianKagy Member

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    That's OK. We can just trade Cuttino, Bryce, and T-Mass for him.

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    He's a center! He's a guard! He's seven feet of unbridled talent. He slices, dices, and can even cut through a TIN CAN!

    He's Kelvin Cato, and he can be yours for a low low price!
     
  2. JuanValdez

    JuanValdez Member

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    That is a lot of money. That's an average of almost $28 million a season. I wondered how it could be so big with the maximum salary in the first year of a contract at $14 million. There is a clause, apparently, that allows an FA to sign for 105% of his last year's salary. His last year will be about $23.7 million, so his extension will start at just under $25,with a second year of $28 and a third year of $31 (approximately). Not as much as Jordan, but close.

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  3. RocketsPimp

    RocketsPimp Member

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    What is the point of having a freaking salary cap?!!! I don't get it! We lost 30+ games from last season so teams can STILL sign players to outrageous contracts!!

    What the fu@k was the point!!?

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    We need some meat in the post!
     
  4. heypartner

    heypartner Member

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    The Salary Cap is a TEAM salary caps. So, suffice it to say the Lakers will never be below the cap while Shaq is there.

    Extensions are allowed to be renegotiated at 12.5% higher base above the current salary, with the normal 12.5% raises above that. Plus, you are never allowed to renegotiate downwards. The Union fought for those two points.

    Shaq has a MONSTER contract under the previous CBA. The new CBA had to honor that. These are grandfather clauses, so to speak. Note: even if he was to go on the free agent market, he can still max out at 5% above previous contract.

    Aside from pre-existing contracts, the Union is severely hampered in its ability to negotiate for Market Price. Sometimes you guys sound like Owners. The CBA has wrapped everything up. Don't worry, you only have to pay Duncan $9m next year.
     
  5. countingcrow

    countingcrow Member

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