![]() That is because extensions are limited in length and do not wipe away the previous years on a contract. Doing so gives them extra financial security, but it deprives them of their maximum earning power. Many players nowadays choose to sign contract extensions years before free agency. Therefore, we can safely project the salary cap for the next several seasons accordingly: Seasonįinally, we have to seek out the specific circumstances under which a player would actually sign a contract of that magnitude. However, because of the new, impending national television contract infusing billions of projected dollars in revenue into the league's coffers, we can say with relative certainty that so long as the NBA does not experience another black swan event like COVID-19, the cap will rise 10% every year for the foreseeable future. Under current league guidelines, the cap cannot rise by more than 10% in a given season. Fortunately, the NBA simplified this process tremendously in their newest collective bargaining agreement. So now we know how max contracts are calculated, but as they are a percentage of the salary cap, we also have to consider where the cap is likely headed. The same set of criteria can take a player with seven-nine years of experience from 30% of the cap to 35% of the cap through the Designated Veteran rule, though they can only get this contract from a team that drafted them or traded for them within the first four years of their career. Players with less than six years of experience can jump up to 30% of the cap when re-signing with their own team through the Derrick Rose Rule, which applies when such a player has won MVP, Defensive Player of the Year or earned All-NBA honors in either the previous season or two of the last three. There are a few exceptions to the rules above, and they are reserved for only the NBA's best players. This is largely why players have preferred re-signing and forcing trades later to moving through free agency lately. Similarly, a player can sign a five-year deal with his own team but only a four-year deal elsewhere. When a player re-signs with his own team, he can earn 8% annual raises, but if he leaves to sign with a new team, he can only get 5% raises. Players with six or fewer years of experience can earn 25% of the cap in the first year of a new deal, while players with seven-nine years of experience can make 30% of the cap and players with 10 or more years of experience can earn 35%. The NBA's maximum salary is based on a number of factors out of the control of individual players.Ī player's given salary is, in most cases, based on experience. Brown, Conley and Howard all happened to sign their deals at extremely opportune moments.Īs easy as it would be to say "if Jaylen Brown got $300 million, Player X certainly deserves $400 million!" that simply isn't how the salary cap works. Timing is everything when it comes to milestone contracts. They were all excellent players, but the three of them combined to make four All-Star teams in their careers. But Howard, Conley and Brown? Not so much. Curry is the sort of player you'd expect to hit such a milestone.So long as revenue continues to increase, we're going to continue hitting milestones at faster and faster rates. NBA salaries are not only rising, but doing so exponentially.What did we learn from that first paragraph? Two very important points: Now, six years after that, Jaylen Brown has became the league's first $300 million player by signing a five-year, supermax extension with the Boston Celtics. but only one year later, Stephen Curry broke the $200 million barrier. It took two decades for Mike Conley to become the league's first $150 million player in 2016. In 1996, Juwan Howard became the first player in NBA history to sign a $100 million contract.
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