Financial impact of All-NBA Teams: The superstars who earned massive contracts, including SGA’s $80M milestone

All-NBA Teams were announced on Wednesday, and with them came the conclusion of awards season in the NBA. Now we know who earned what honors, and more importantly, we know what it means for the financial futures of the players involved. All-NBA selections and either MVP or Defensive Player of the Year awards can make players with between four and six years of experience eligible for a maximum salary starting at 30% of the salary cap rather than 25% thanks to the Derrick Rose Rule, and under certain circumstances, players with between seven and nine years of experience can jump from 30% of the cap as their max to 35% through those same honors.

Now that we know who actually made the teams, we can dive into who’s getting paid and what it means for their teams. Wednesday’s All-NBA selections set up four superstars to earn massive contracts:

Tyrese Haliburton will earn the 30% max via the Derrick Rose Rule after earning his first All-NBA selection. That raises the total projected value of the contract extension he signed last offseason from roughly $204 million to roughly $245 million, according to ESPN’s Bobby Marks, though those numbers will not be finalized until the cap is determined in July. Indiana is fortunately well-positioned to pay Haliburton extra money. He is the only player on their books currently slated to earn more than $20 million next season, and even when you account for Pascal Siakam’s inevitable deal, they should still come in well under the luxury tax with no major expenditures coming up.Anthony Edwards earned the same bump as Haliburton with his All-NBA selection. The difference is that Minnesota is in a much tougher financial position to absorb it. Prior to Edwards’ bump, the Timberwolves were projected at $185.7 million in salary for next season, and that only accounts for 11 players. Now that he gets the Rose Rule raise, Edwards’ salary will rise by roughly $7 million next season. That would take the Timberwolves past the second apron, which is projected at roughly $189-190 million, and that’s before they even fill out…


Source link : https://www.cbssports.com/nba/news/financial-impact-of-all-nba-teams-the-superstars-who-earned-massive-contracts-including-sgas-80m-milestone/

Author : Sam Quinn

Publish date : 2024-05-23 01:55:45

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