Favors got extended

[Darkwing Duck]

Surprised enough to bet on it?

I can't think of a single reason for either the Jazz or Favors to take a descending contract outside the incentive clause which would be progressive. Getting his money up front is beneficial for him, and it's beneficial for the Jazz with their current salary structure.

Bet?

Late to the party, but I don't see how the numbers could descend. Stein reporting total number is $47.7M and change. At $49M a base of $11 with standard 7.5% raises adds to essentially $49M. With the report of 47.7, a base salary in the 11 range with a 5% increase nets in the 47.7 range. 10.5 base with 7.5% ends up just shy of 47.


I guess it's possible with a 13M base with 7.25% DECREASE in salary, but the final year is 10.33, and I don't see Derrick doing that.

 

[GVC]

I guess it's possible with a 13M base with 7.25% DECREASE in salary, but the final year is 10.33, and I don't see Derrick doing that.

Why not?

 

[[size/HUGE] fixed [/size]]

Late to the party, but I don't see how the numbers could descend. Stein reporting total number is $47.7M and change. At $49M a base of $11 with standard 7.5% raises adds to essentially $49M. With the report of 47.7, a base salary in the 11 range with a 5% increase nets in the 47.7 range. 10.5 base with 7.5% ends up just shy of 47.


I guess it's possible with a 13M base with 7.25% DECREASE in salary, but the final year is 10.33, and I don't see Derrick doing that.

Why not?

Because getting the money sooner would be a smart financial decision, and Favs doesn't like those. Nor does he like helping his team.

Case closed.

 

[GVC]

Because getting the money sooner would be a smart financial decision, and Favs doesn't like those. Nor does he like helping his team.

Case closed.

To be fair, a frontloaded deal does limit the starting salary on an extension (if Favors wants to bypass free agency), as the max salary on the first year of an extension is 107.5% of the last year on the existing contract. Assuming a total contract value $47.7mm, the last year salary on a fully backloaded deal (that is, with 7.5% raises) is $13.13mm; the last year salary on a fully frontloaded deal (7.5% decreases) is $10.41mm. The maximum first year salary in an extension of the backloaded contract is $14.1mm; the maximum first year salary in an extension of the frontloaded contract is $11.2mm. Not a negligible difference (this is almost certainly what explains the dearth of frontloaded longterm deals).

This problem doesn't extend to free agency however, as Favors' max starting salary will be (slightly less than) 30% of the cap, regardless of how his rookie contract extension is structured.

 

[Med_Phys]

I don't know if it is true, but Hoops World is saying that Favors' contract is mostly front loaded.

https://www.hoopsworld.com/utah-jazz-team-salary

12.8, 11.9, 11, 11.9

 

[Stoked]

I don't know if it is true, but Hoops World is saying that Favors' contract is mostly front loaded.

https://www.hoopsworld.com/utah-jazz-team-salary

12.8, 11.9, 11, 11.9

If so then fantastic!

 

[Darkwing Duck]

I don't know if it is true, but Hoops World is saying that Favors' contract is mostly front loaded.

https://www.hoopsworld.com/utah-jazz-team-salary

12.8, 11.9, 11, 11.9

I wonder how they got to those totals. That's a weird contract. It's still south of 47.7 by 17 grand.

 

[Sneakers]

Favors deal looks great in comparison to Bogut deal IMO. Even as just a defender / rebounder.

 

[franklin]

I wonder how they got to those totals. That's a weird contract. It's still south of 47.7 by 17 grand.

What the hell are you doing? Some weird troll on my rough calculations two weeks ago or something? Good job, you pegged my attention to all things Jazz detail well.