Some people here have been saying that the hit is not that bad. Apparently Dame rejected some clause. Not sure. Like instead of a 5% bonus, he gets a 2.5% bonus or something.
That's pretty significant. We better tell Dame not to play so good so we can get better players around him before he sucks up all our funds...
The hit is for the current season, no? I think we are so far under the LT threshold that all it costs is the bonus money as a hit to the bottom line.
Ok did some digging on twitter. Casey has some info. Instead of his max being 30% of cap, Dame agreed to 27.5% if he hit the bonus. If he didn't land a bonus, it would have been 25% of cap. So the hit is about 2.3 mil extra with a 92 mil cap. Pretty insignificant.
Dame signed a 5 yr/25% contract already. It lasts through 2021. I don't think he's going to cost anything extra, above any award bonuses he might get until then. Unless it is already written in his contract...
Casey's probably right, but... https://en.m.wikipedia.org/wiki/NBA_salary_cap#.22Derrick_Rose.22_Rule In addition the following players are known to have signed 5 year/25% contracts:[17] Russell Westbrook (Oklahoma City Thunder) until 2017 Anthony Davis (New Orleans Pelicans) until 2021 John Wall (Washington Wizards) until 2019[25] James Harden (Houston Rockets) until 2018 Kyrie Irving (Cleveland Cavaliers) until 2020 (was not voted to start the 2015 All-Star Game) Kawhi Leonard (San Antonio Spurs) until 2020 Damian Lillard (Portland Trail Blazers) until 2021
There's also this from my previous link: A player may sign a "5th Year, 30% Max" contract before the final year of his rookie contract and before fulfilling the criteria needed to receive the 30% salary grade. Should the player fail to fulfil the criteria before the start of his Designated Player contract, he will receive the standard five year, 25% Designated Player contract. James Harden of the Houston Rockets had such a clause in his contract extension, but failed to meet the criteria.[21]
