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 29, 2015, 2:00 PM EDT
Bryant has appeared in every 2K game.
Aug 29, 2015, 12:30 PM EDT
That’s what he does.
Aug 29, 2015, 11:00 AM EDT
Sibert played four years in college.
Aug 29, 2015, 9:30 AM EDT
Owning this may be better than seeing Space Jam 2 with Lebron James, if that project comes together.
Aug 29, 2015, 8:00 AM EDT
He’s a coach, a brother.” — Lakers’ co-owner Jim Buss on Byron Scott
Aug 28, 2015, 11:00 PM EDT
It’s not a coincidence you see stars like Chris Paul, LeBron James, Tim Duncan and Russell Westbrook in a highlight package like this.
Aug 28, 2015, 9:30 PM EDT
Hollins’ likes to slow things down.
Aug 28, 2015, 7:59 PM EDT
It is going to be a rough year in Denver as they give the keys to the offense to a rookie point guard.
Aug 28, 2015, 6:46 PM EDT
I wouldn’t bet on him making the roster.
Aug 28, 2015, 5:44 PM EDT
Will either of them take a discount for security?
Aug 28, 2015, 3:58 PM EDT
Charles Barkley talked about how he never found Dawkins in a bad mood — he was always jovial.
Aug 28, 2015, 2:59 PM EDT
Boozer is making the right play here.
Aug 28, 2015, 2:15 PM EDT
It shouldn’t linger into training camp if he doesn’t aggravate it.
Aug 28, 2015, 1:44 PM EDT
What did you expect he would say?
Aug 28, 2015, 1:00 PM EDT
Ballmer may just be ahead of the curve on this.
Aug 28, 2015, 12:00 PM EDT
He did his damage in just 25 minutes.
Aug 28, 2015, 11:21 AM EDT
Spoiler: Thomas’ team won.
Aug 28, 2015, 10:30 AM EDT
The Lakers co-owner isn’t closing the door.
Aug 28, 2015, 9:44 AM EDT
Get excited, Magic fans.
Aug 28, 2015, 9:10 AM EDT
No deal is in place as of now.
- Jim Buss defends Byron Scott as Lakers coach, “He has the Laker blood in him” 18
- Jim Buss open to the idea of Kobe Bryant playing beyond this season 30
- Derrick Rose on sexual assault suit: “I am confident I will be proven innocent” 2
- Report: Kyrie Irving likely not back opening night, could be out until January 14
- Legendary Sixer, backboard-shattering dunker Darryl Dawkins dies at 58 14
- After Rio Olympics next summer, who takes over at Team USA coach? 8
- Kobe, Shaq discuss regrets over feud that ended their Lakers era 49
- NBA fines Clippers for attempting to circumvent salary cap with DeAndre Jordan 10