Sep 25, 2012, 9:21 AM EDT
Andrew Bynum is not going to sign an extension with the Philadelphia 76ers.
Will. Not. Happen.
Not sure how this keeps being news and being reported as such, or why newly minted Sixers GM Tony DiLeo is being asked about it, but we’ll walk everyone through it one more time.
Don’t get me wrong, Bynum very likely stays in Philly after this season, but it makes no financial sense for him to sign an extension. In fact, he couldn’t do it right now if he wanted to. And he doesn’t want to because it would be a stupid financial move.
Here’s why: As of Feb. 10 (six months after they traded for him) Bynum could sign a max extension, which is three years at just shy of $60 million. However, thanks to the quirks of the new CBA, if Bynum becomes a free agent in July (just five months later) he can re-sign with the Sixers for five years, a little over $100 million. Wait five months, get $40 million more guaranteed. Not much of a decision there. (Bynum could leave as a free agent at that point, but other teams can only offer four years, closer to $80 million. And Bynum is motivated by money.)
DiLeo confirmed all this at his introductory press conference Monday said he and Bynum’s agent haven’t even talked extension, reports the Courier Times at Phillyburbs.com. And he’s not worried.
“His agent said he wants to come to the surroundings and see the team, see the atmosphere,” DiLeo said. “He’s been very, very happy. His agent said he hasn’t seen him this happy in a long time.
“I think everything will work out. I think we’ll like Andrew and Andrew will like it here. At the appropriate time, we’ll do the negotiations.”
DiLeo will go through the motions of making the offer of an extension, which will get rejected. It’s part of the game. But unless Bynum hates Philly by next summer, he will re-sign to stay with the Sixers.
So, can we just kill the extension talk? For Bynum and Dwight Howard (who is in the same situation with his contract)? Not going to happen. This is an issue for next July.
By the way, DiLeo confirmed that Bynum is back from getting that experimental, Kobe Bryant knee treatment done and is back in the states. He will be ready to go for training camp.
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