Wednesday, November 30, 2022

Nets of Season Chronicles Part 2: Kyrie Irving’s contract extension is still a no-brainer

202205051454Tms Mngtrpub Sports Nets Offseason Chronicles Part 2 Kyrie 1 Ny5

It’s actually more rewarding for Kyrie Irving to opt-in to the final year of his deal and seek a contract extension with the Nets than it is for him to seek the absolute maximum in Brooklyn.

Welcome to the second installment of the Nets off-season Chronicles, and after covering that expensive recap tax, we turn to Irving, the many possibilities for the Nets’ super-skilled but equally polarizing star guard. moving forward.

Irving is entering the final season of his four-year deal at Brooklyn, and he has a player option in that final year, meaning he can either opt-out, test free agency And could sign a major contract with the Nets, or opt-in and earn a salary of $36 million before agreeing to a four-year extension. They have a deadline of June 29 to make a decision.

The Nets also have to decide: whether to give Irving a long-term deal.

Irving played only 29 games last season because he refused to be vaccinated for COVID-19. That decision crippled the Nets’ ability to make any reconciliation this season, knocking James Harden out of Brooklyn, and ultimately not preparing Irving for the playoffs.

That’s just about last season.

Prior to the season, he took a two-week long vacation following the January 6 Capitol rebellion. He later lost time due to family and personal reasons and played only 54 matches.

And that doesn’t include injuries. In Year 1 at Brooklyn, Irving played only 20 games due to a variety of injuries, including a shoulder injury that required surgery. Not to mention he got injured in the second round against the Bucks in 2021.

Facts are facts: Irving has played over 70 games just three times in his 11-year career, and until recently, his absence has been non-basketball-related. A max contract for Irving is a bet on his availability. The odds on that bet have historically been poor.

Irving can opt out

Star players with player options usually do so when their market value is higher than the last year’s value of their current deal. In Irving’s case, opting out would qualify him for a maximum five-year contract of $247.6 million.

But the Nets would have to offer that deal, and by testing free agency, Irving would allow other teams to establish markets.

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The Orlando Magic, Detroit Pistons, Indiana Pacers, San Antonio Spurs and Portland Trail Blazers are the only teams with enough cap space to easily make room for signing Irving as a free agent. Neither of these teams are contenders.

Opposing teams could also be offered a four-year deal worth only $183 million if he re-signs to Brooklyn – just to play for a bad team, a potential fifth year and over the life of the $40-65M deal. leaves it on the table.

opting out is good for the net

If he exits the final year of his deal and seeks a new, long-term expansion in Brooklyn, the Nets could start baking in incentives for games to be played.

Irving played only 29 games in the previous season, meaning that 30 or more games to be played in the following season are not considered possible by the collective bargaining agreement’s bylaws. Nets can encourage up to 15% of Irving’s salary through an unlikely bonus. They can also tier those bonuses into 5% increments with a contract structure that allows Irving to earn 90% of his salary by playing at least 52 games, 95% playing 62 games, and the full 100% playing 72 games. are or more.

These incentives will be included in the entirety of his transaction.

If Irving opts out, the Nets may also choose not to offer him a long-term deal. They may offer him a fully guaranteed (but with incentives) deal in Year 1 with partial or non-guarantees in Year 2 and beyond.

If Irving Opted In

If Irving opts in, he’ll earn $36M next season, then qualify for a four-year extension, which costs just $197M. That’s a total of $232.7M, which is only $15M less than the max if he opts out.

If Irving opts in, he leaves that $15M on the table, but the Nets will be unable to break into new incentives based on games played. Because he would be signing an extension on the previous contract, Nets would not be able to add new unlikely incentives.

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However, this option has a drawback: the length of the deal. If he opts-in, he’ll be on a one-year deal unless he agrees to an extension. Irving has proven injury-prone, and selecting without a guarantee of contract extension leaves him susceptible to a depressed market if he suffers a significant injury next season.

What is the leverage of KYRIE?

If Irving opts-out, Net can let the market determine his contract value and bake-in incentives for the games played. If he opts in, he will be in the final year of his deal without long-term stability, unless Brooklyn offers an extension.

It almost seems like the nets have all the leverage. not enough.

If Irving leaves the Nets in free agency, they have no way of replacing him. Teams are allowed to exceed the salary limit to re-sign their own free agents, but if Irving were to opt-out and leave this summer, the Nets would have the remainder committed to Kevin Durant. There will be no cap space along the top half of the payroll, Ben Simmons and Joe Harris.

In short, if Irving runs without a sign-and-trade, he’ll be running for nothing, which is a worst-case scenario on two fronts: the Nets no longer have the firepower to legitimately compete for the championship. Will, and they will, have left Durant’s best NBA friend after signing a four-year, $198M extension to stay in Brooklyn.

This is not ideal if they want to keep Durant in the city.

Clearly, the Nets can’t go wrong any more, not after what they’ve given to make this fringe contender. And he can afford to leave as a free agent if Irving wants to play meaningful basketball.

The result is likely to be somewhere in between. While healthy and available, Irving is worth every penny and his presence testifies to Brooklyn as the home of perennial championship contenders. So the Nets will likely offer him a long-term deal laden with incentives, and Irving probably won’t make a deal worth more than the $15M that actually costs the Nets more after paying taxes.


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