ANDl last friday july 1 The 2023 free agency negotiation period began in the NBAand although it will not be possible to officially start signing the new agreements for transfers or contract extensions Until this Thursday, July 6, the League franchises have broken into the market with unusual force since the early hours, closing multi-million dollar deals.
In the first four days there have already been numerous movements, but some of them are worth noting. enter the history of the NBA for its enormous amount. only in 10 contract extensions and one renewal have spent 1,815 million dollars. has a lot to do with it the extension of the salary cap for the 2023-2024 season of which the NBA informed teams last month, after updating its projections on it, encrypting it at 136 million and assessing the luxury tax at 165 milliontwo and three million higher, respectively, than initial projections.
The flow of money is enormous and they are four players without the band of superstars those who take the cake and the largest sums. The guard of 1.93 m and 21 years Anthony Edwardshas signed the maximum extension with the Minnesota Timberwolves for five years and 260 million from the 2024-2025 campaign. The next season he will still collect ‘only’ 13.5 million and the following his new contract will come into force, the largest in NBA history after which Nikola Jokic signed last summer with the Denver Nuggets for five years and 264 million.
LaMelo Ball, triple the size of Michael Jordan
He is not the only young man 2020 draft that he is going to become a billionaire. LaMelo Ball, 2.01 m and 21-year-old base who was chosen with the number 3, has also extended his contract with the Charlotte Hornets for five seasons and 260 million, the maximum allowed by the NBA. To get an idea of the enormous amount of money that will be pocketed, it is enough to remember that the legend Michael Jordanuntil recently majority owner of the franchise, they made $94 million in their 15-year NBA career., almost triple less than the one who was his pupil. These are other times, yes.
AND Tyrese Haliburtona 1.93 m base and 23 years old chosen in the 12th position of the 2020 draft, has reached an agreement with the Indiana Pacers to extend your contract under identical conditions to those of your chosen partners: five years and 260 million. something less charge Desmond Banea 1.96 m base and 25 years old chosen in number 30 of that same draft, and who has agreed with Memphis Grizzlies an extension by five years and 207 millionrecord contract in the Tennessee franchise.
Irving, Middleton, Kuzma, Green, VanVleet…
In addition to that nouveau riche poker, another handful of new stratospheric contracts should be highlighted: Kyrie Irving with the Dallas Mavericks for three years and 126 million, Chris Middleton with the Milwaukee Bucks for three years and 102 million, Kyle Kuzma with the Washington Wizards for four years and 102 million, Cam Johnson with the Brooklyn Nets for four years and 108 million, Draymond Green with the Golden State Warriors for four years and 100 million or Jeramy Grant with the Blazers for five years and 160 million. Special mention deserves the transfer of Fred VanVleet from the Raptors to the Rockets, where he will collect 130 million in three years. This has only just begun and the maelstrom of millions seems to have no end.
