Raptors Forum | Toronto Raptors Forums & Message Boards - View Single Post - Raptors Cap/Tax Status
View Single Post
Old 07-06-2012, 08:59 AM   #79 (permalink)
DanH
sticking to his guns... is stuck to his guns...

Senior Member

 
DanH's Avatar
 
Join Date: Jul 2010
Location: Montreal, QC
Posts: 4,548
Representing:
Default

Quote:
Originally Posted by LKeet6 View Post
Yeah, and by the time he makes 9mill he could very well be worth that much!?
And it's only for 1 year.
He won't make 9 million if the Knicks don't match. A Gilbert Arenas Provision contract works like this:

If the Knicks match, they have to be able to do so with their limited exception. As such, his starting salary can only be 5 million. So, if they match, his contract will be 5M, 5.225M, 8.775M (assuming the reported 19M is correct).

If they don't match, the contract can be much more traditional, and will be seen so by the Raptors. It will take the form 6.33M, 6.33M, 6.33M.
DanH is offline   Boss Key Wife Key Reply With Quote