Originally Posted by moremilk
not sure why you would say that, it would be better to just extend him the next season at market value, no?
Say he has 19M left and you want to give him 12M over 3Y, if he opts out, it comes to 55M over 4Y, or just under 14M in each of his last 3 years. If he signs a normal extension after next season, he will only get 12M per in each of his last 3, at a cost of a huge hit in 2013/14. So down the road we get more flexibility with a regular extension, no?
But there's no way to do a regular extension. Either A) he gets a regular extension after opting out, and the first year salary has to be AT LEAST 19 M, and the following years have to follow the maximum raise rules or B) he gets a player option extension, and he gets 19 M next year for opting in and whatever we negotiate the years after, or C) he opts out and we sign him as a free agent. The risk with the free agency route is that there could be other bids. Plus he probably gets a 5 year deal, rather than effectively a 3 year one.