Jul 12, 2014, 4:30 PM EDT
We don’t yet know what type of contract LeBron James will sign with the Cavaliers.
Will it be a two-year deal with a player option, a three-year deal with a player option or a four-year deal with a player option?
Those are the possibilities. Barring an unlikely extension, LeBron will hit free agency again by 2018.
Kyrie Irving can follow not long after – and a year earlier than expected.
Before LeBron announced his plan to sign in Cleveland, Irving agreed to a five-year contract extension with the Cavaliers that begins after the upcoming season. However, Irving could terminate that contract after just four years of the extension.
The terms of Cleveland star point guard Kyrie Irving’s five-year, $90 million contract will include an early termination option for the 2019-20 season and a 15 percent trade kicker, league sources told Yahoo Sports.
Irving’s deal includes the “Derrick Rose” provision, which allows Irving to gather 30 percent of the Cavaliers’ salary-cap space instead of 25 percent
Jeffrey Wechsler, Irving’s agent, really took the Cavaliers to the cleaners.
The designated-player and Derrick Rose rules allow teams to offer a longer and larger rookie-contract extension. By design, those mechanisms are in place so a team rewards a player it wants to keep for five years rather than the standard four. That way, both the team (a young star under it’s control for longer) and player (more money) get something out of the arrangement.
Irving took his bounty and left the Cavaliers none of their extra security.
Essentially, Irving could escape Cleveland after four years of the extension, which starts in 2015-16. Thankfully for the Cavs, they signed LeBron, surely diminishing Irving’s desire to leave.
Blake Griffin and Paul George are the only other designated player to receive the ability to opt out after their fourth season of the extension. To get his player option, George had to drop his Rose-rule-raised salary from 30 percent to 27 percent. Griffin, though, got his full 30 percent along with an early termination option.
As can Irving.
We won’t know the value of Irving’s extension until the 2015-16 salary cap is set next July, but if the cap rises by the same amount it did this year, the baseline would be $90,686,380.
Irving would trigger the Derrick Rose rule – raising his contract to$108,823,656 based on the the same projected cap – only by winning MVP or being voted an All-Star starter this season. Considering he was already voted a starter last year and now the NBA’s most popular player is bringing more attention to his team, Irving should have no problem getting voted a starter again. Plus, I bet plenty of Heat fans wouldn’t mind voting for Irving if it makes Dan Gilbert write a larger paycheck.
Of course, 2020, when Irving can become a free agent, is a long way off. So much can change between now and then.
But that’s when Irving will get his first chance at the unrestricted ability to change NBA teams.
Luckily for the Cavaliers, they’ll have LeBron to coax Irving back to Cleveland. Probably.
Aug 1, 2014, 1:35 AM EDT
“Nothing to see here. Move along.”
Aug 1, 2014, 12:05 AM EDT
Bosh was very close to leaving Miami in free agency,
Klay Thompson, Kyle Korver engage in three-point shooting contest at USA Basketball mini-camp (VIDEO)
Jul 31, 2014, 11:05 PM EDT
Klay Thompson and Kyle Korver engaged in a shooting contest at USA Basketball mini-camp in Vegas.
Jul 31, 2014, 10:05 PM EDT
Mason Plumlee and DeMarcus Cousins will be on opposing teams in Friday’s exhibition.
Derrick Rose was aggressive in pursuit of free agent Pau Gasol. Recruiting Carmelo Anthony? Not so much.
Jul 31, 2014, 9:04 PM EDT
Tensions reportedly exist between Rose and the Bulls front office.
Jul 31, 2014, 8:01 PM EDT
USA roster has more than enough talent, so it can afford to sacrifice some to get positive attitudes in place.
If traded before World Cup starts could Kevin Love still play for USA? Colangelo said it’s possible.
Jul 31, 2014, 6:51 PM EDT
Don’t bet on it happening. But it’s not impossible.
Jul 31, 2014, 5:59 PM EDT
It’s the memory of a lifetime… even if you get embarrassed.
Jul 31, 2014, 5:11 PM EDT
Mark Madsen and Paul Pressey also reportedly candidates for Byron Scott’s staff
Jul 31, 2014, 4:31 PM EDT
Watch this and remember why you love basketball.
Jul 31, 2014, 3:50 PM EDT
Wall raising expectations after Wizards met last season’s playoff goal
Jul 31, 2014, 3:05 PM EDT
Jul 31, 2014, 2:22 PM EDT
Does China really know what it’s getting here?
Jul 31, 2014, 1:51 PM EDT
As tight as he is with Kidd, do you really think Payton would choose Milwaukee over Los Angeles?
Jul 31, 2014, 1:10 PM EDT
Milwaukee, with Damien Inglis in limbo, now facing roster crunch
Jul 31, 2014, 12:33 PM EDT
Like most “feuds,” once two rational people sit down and talk for a minute, everything dissipates.
Jul 31, 2014, 11:55 AM EDT
That means he’s signing with the Wizards, right?
Jul 31, 2014, 11:20 AM EDT
Barring another move, Toronto down to one roster spot for Lucas Nogueira or DeAndre Daniels
Jul 31, 2014, 10:41 AM EDT
“We think he’s one of the top players in the league and we need for him to be that five that nobody has.” —Mike Krzyzewski on Anthony Davis
Jul 31, 2014, 10:00 AM EDT
Palmer to marry celebrity hair stylist Tanya Stine
- Bulls owner issues statement refuting rift between Bulls front office, Derrick Rose 4
- If traded before World Cup starts could Kevin Love still play for USA? Colangelo said it’s possible. 2
- Anthony Davis steps into spotlight, is Team USA’s lynchpin 17
- Referee Violet Palmer comes out publicly as gay 45
- Report: Cavaliers last team standing in Kevin Love trade talks 89
- Pat Riley says he didn’t think LeBron was leaving, Heat can turn around quickly 61
- Coach K on Rose: “Derrick’s played great, not good, and hasn’t held anything back” 30
- Report: Anthony Bennett pulled from pro-am by agent, possibly due to his inclusion in Kevin Love trade talks 43