Milwaukee Bucks renounces Damian Lillard: how does the supply of the NBA extension works?
The Milwaukee Bucks gave the veteran Damian Lillard on Tuesday after reaching a four -year contract of $ 107 million with the Myles Turner Center.
With two years and 113 million dollars left on Lillard’s agreement, the Bucks choose to exercise an elongated arrangement to spread his remaining hood blow in the next five seasons – the largest renunciation and elongation in the history of the NBA, reports Bobby Marks.
How does everything work?
Announcement
The elastic arrangement of the NBA allows the teams to give up a player and to spread the remaining hood blow in different future seasons, providing the teams with greater flexibility of the salary limit after the player’s release.
The formula requires that the successes of the remaining caps will be elongated in the number of years remaining on the agreement, multiplied by two, plus an additional season.
So, since Lillard has been two remaining on his contract, his success of $ 113 will be distributed in the next five seasons (2 years left x 2 + 1).
In addition, the 2023 NBA-NBPA collective bargaining agreement states:
In no case a team should be authorized to choose to stretch the salary of a player renounced if the part of the team salary that represented all the players given up on the team (and any other former player) in any year of salary limit was exceeded or, following the proposed stretch, would overcome fifteenth percent (15%) of the salary limit in force during the salary cap in which the election occurs.