Danilo Gallinari has agreed to a two-year, $34 million contract extension that will keep him with the Denver Nuggets through the 2017-18 season if fully carried out, according to Yahoo! Sports' Adrian Wojnarowski.
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The unique transaction will give Gallinari a pay raise to $14 million this season, then tack on a year at $15.5 million in 2016-17 and a player option for $16.1 million in 2017-18. He'll also receive a trade kicker, per Wojnarowski. In total, Gallinari will make around $46 million over the next three years.
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The Nuggets were eligible to make this deal because they still had $5 million in cap space and Gallinari had gone at least three years since his last contract. They used a similar provision to give Wilson Chandler a four-year, $46 million extension earlier this summer.
I could be completely wrong about this, but I think Favors signed his extension in 2013. If so, he would be eligible for an extension and/or raise next year when he is due to make 11 million. "A contract for four or more seasons can be renegotiated after the third anniversary of its signing, extension, or previous renegotiation". Should the Jazz give him a raise for the 2016 and 2017 seasons and then extend him like Denver did for Gallinari? He will be grossly underpaid in 2016 and 2017.
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