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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 10:49

Porzingis' next contract could reach close to USD 200 million

BC, Riga, 23.12.2016.Print version
The NBA’s tentatively agreed upon collective bargaining agreement (CBA) will Latvian phenomenon Kristaps Porzingis (New York Knicks) richer even before he becomes a free agent for the first time in the summer of 2019, writes LETA according to the New York Post.

When he does hit free agency, Porzingis will be aided even more by the riches of the new CBA. In fact, with an assist from teammate Derrick Rose, Porzingis could be in line for a max contract of USD 195 million in 2019.


Last week’s agreement immediately affected Porzingis’ existing four-year rookie-scale deal that has two years left on it. The new CBA will change its existing terms with a 15% increase from what he would have made next year and a 30%  hike to what he would have collected in his fourth year.


“I heard a little about it,’’ Porzingis said before Tuesday’s game against the Pacers. “It’s not bad. But it’s never about money for me but it’s cool a lot of money is being thrown around this league.’’


According to sources, Porzingis’ revised salary will change from USD 4.5 mln to USD 5.1 mln next season. Porzingis’ final year will change from USD 5.63 mln to USD 7.28 mln.


That could be pocket change for the designated max Porzingis is looking at in 2019, the newspaper writes. Fifth-year players — coming off their rookie contracts — will have a bigger piece of the pie.


Porzingis will be eligible to make 25% of the actual salary cap (as opposed to a previous artificial cap figure that’s lower). That starting max wage for Porzingis in 2019 is projected at USD 27.5 mln, according to sources. In the old agreement, a fifth-year player next year would have started at a long-term max of USD 21 mln.


However, Porzingis could also fall under the Derrick Rose Rule. That allows a player coming out of his rookie deal to make 30% of the cap — not 25%  — as a starting salary. The requirements in the old deal were twice being voted in as an All-Star starter, twice an All-NBA selection or an MVP. Those Rose Rule requirements have eased slightly in the new agreement. The rule was named after Rose because he won the MVP in 2011 during his rookie pact with the Bulls. If Porzingis qualifies under the rule, his first max contract would total USD 195 mln.







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