Sirius Radio: Dirk signs 3 year 72 million dollar extention - Dallas-Mavs.com Forums

TheKey · 07-03-2006, 10:37 PM

Drbio · 07-03-2006, 10:38 PM

Quote:

Originally Posted by TheKey

Nice coin. Dayamn.

Drbio · 07-03-2006, 10:39 PM

Sounds like Dirk and Cubes are buddy buddy again.

fluid.forty.one · 07-03-2006, 10:39 PM

Oh my god, how many more years of all-star basketballing till Dirk buys Germany?

Drbio · 07-03-2006, 10:41 PM

I don't want to hear any more crap about Cuban not wanting to open his wallet. He probably just signed up for a total hit of 144 million with the dollar for dollar tax.

Locked_Up_Tonight · 07-03-2006, 10:42 PM

Surely that can't be right. That's 24 million dollars a year.

fluid.forty.one · 07-03-2006, 10:45 PM

Yeah doesn't that mess up our cap quite a bit?

Drbio · 07-03-2006, 10:46 PM

Not saying the report isn't correct but there is nothing on DMN, NBA.com, CNNSI or ESPN.

chumdawg · 07-03-2006, 10:48 PM

I heard he signed for a HUNDRED million. No, wait. That was a hundred BILLION.

DubOverdose · 07-03-2006, 10:52 PM

Cubes mostly cares about number of years, not price. I could see this, but it IS much higher than I expected.

Dtownsfinest · 07-03-2006, 10:55 PM

Damn. I don't believe this one bit. I expect Dirk to get his money but not at that much. And if this deal was true I don't think it says anything about whether or not Cuban wants to open up his wallet. Its Dirk Nowitzki we are talking about here lol. He doesn't have a choice. He MUST open up his wallet.

chumdawg · 07-03-2006, 10:56 PM

C'mon, guys. There is a max contract in this CBA.

fluid.forty.one · 07-03-2006, 10:57 PM

Quote:

Originally Posted by chumdawg

C'mon, guys. There is a max contract in this CBA.

I wasn't sure how that worked with shorter years (less than 6).

Drbio · 07-03-2006, 11:10 PM

I'm reading Larry Coon right now and it looks like this is bullshit fabrication by TheKey.

If so...redbox is a guarantee.

Drbio · 07-03-2006, 11:23 PM

TheKey is full of horsecrap.....

From Larry Coon's FAQ....

51. Can existing contracts be extended?

A six or seven year contract can be extended when at least four years have passed since the signing of the contract. A four or five year contract can be extended when at least three years have passed since the signing of the contract. Contracts for fewer than four seasons may not be extended. A contract which has already been extended can be extended again after three years. The extension may be signed up to June 30, the day before the player would have become a free agent.

A rookie scale contract for a first round draft pick (see question number 41) may be extended from the day following the July moratorium to the October 31 preceding the player's last option season, provided the team had previously picked up the option for that season. Rookie scale contracts may be extended for up to five seasons beyond the player's last option season, bringing the total contract length to six seasons. All other extensions are limited to five seasons, including the seasons remaining on the current contract. For example, a contract with two seasons remaining may be extended for up to three additional seasons.

The salary in the first year of an extension to a rookie scale contract may be any amount up to the player's maximum. For all other extensions, the salary in the first year of the extension is limited to 110.5% of the salary in the last year of the existing contract. However, it also can't exceed the maximum salary the player can receive if he were to sign a new contract that year as a free agent (see question numbers 11 and 12).
This poses an interesting problem -- if an extension takes effect three years from now, how do they set the salary if the maximum salary (and therefore the maximum amount for the extension) won't be known for three years? What they do is write the extension to include the maximum 10.5% raise (assuming the team agrees to give the player that much). Then when the extension takes effect and the maximum salary for that season is known, the extension salary is amended if necessary.
An example is in order. Shaquille O'Neal's contract was extended prior to the 2000-01 season. His original contract ran through the 2002-03 season, in which he made $23,571,429.20. The first year of his extension, 2003-04, was originally written for (the then-maximum) 112.5% of this amount, or $26,517,857.85. As a 10+ year veteran, O'Neal's salary couldn't exceed 105% of $23,571,429.20, or the 2003-04 maximum salary for a 10+ year veteran (which turned out to be $15,344,000), whichever is greater. That means O'Neal's 2003-04 salary could not exceed $24,750,000.66 (using 105% of his previous salary, since that was the greater of the two). O'Neal's extension was therefore amended downward to the maximum ($24,750,000.66) once the 2003-04 maximum salary was determined.
Raises in each year of an extension are limited to 10.5% of the salary in the last year of the existing contract. If the salary in the first year of an extension is amended as described above, then all subsequent years of the extension are also amended to accommodate the maximum raise, if necessary.

The most Dirk could extend for would be in the range of 3 years at 60 million.

MavsFanFinley · 07-03-2006, 11:26 PM

I'll lock this now.