Bogut:5-yr/$60mm Guaranteed + $12.5mm possible bonuses (OLD)

[paulpressey25]

GAD alert for what are allowable bonuses with a contract this size and length.

Maybe Bauman is taking into account his $6mm plus owed next year and adding in about $6mm in potential all-star bonuses?

Remember Charles Gardner also remarked about Joe Alexander wearing Marque Johnson's "08" number next year.....

[bstein14]

Large incentives are certainly allowed....

And they don't count against the cap if they are "unlikely"...

I remember Ben Wallace would make like $500k per year bonus if he lead the NBA in rebounding...

I also think there can be incentives if the team makes it to a certain round in the playoffs... or for all-star appearances...

[GrandAdmiralDan]

Verbal agreement means that they are looking to get another contract done before Bogut signs. I expect another signing quickly.

No it doesn't.
Not at all.

First of all, that is only a consideration if you're looking at potential cap space and you are talking about signing your own FA to a deal that exceeds his cap hold.

But Bogut wouldn't apply to that scenario either because this is an extension. He already had a 08-09 salary.

(I haven't gotten past page 2 yet, but I wanted to correct this quickly. Sorry if someone already took care of this.)

[jerrod]

yeah, either that or the extra is just a 6th year option

He can't sign for more than five years and there's not supposed to be any options/ETOs in this deal.

then i really hope it's incentives

[Balls2TheWalls]

(I haven't gotten past page 2 yet, but I wanted to correct this quickly. Sorry if someone already took care of this.)

It was answered within like 3 posts.

[Balls2TheWalls]

yeah, either that or the extra is just a 6th year option

He can't sign for more than five years and there's not supposed to be any options/ETOs in this deal.

then i really hope it's incentives

I'm getting an awful feeling that it isn't incentives.

[GrandAdmiralDan]

Verbal agreement means that they are looking to get another contract done before Bogut signs. I expect another signing quickly.

Boguts deal has no bearing on the cap for this upcoming season (GAD, correct me if I'm wrong). His new contract will come into effect for the 2009-10 season. Meaning that there is no need to get another contract done before he signs, his extension is irrelevant. I'd guess the verbal agreement simply means that they've agreed on the price and now they just need to put the paperwork together. Nothing more, nothing less.

Yep.
They just have to get all the paperwork in order.

Terrible, terrible signing. Hammond is a fricking moron. MCotR gets no gold stars. If you're going to give the guy basically the max, why wouldn't you let him wait one more year for it?

MCotR said it was 60 mil + bonuses. Could it be that 60 mil is the basis and Bogut has to reach certain targets to get to 73 mil?

Yes.
It is possible.

Then again, a bonus could simply mean a signing bonus, in which case he earns that bonus simply for signing the contract, the advantage for him being that he gets that signing bonus amount immediately.

I don't think the CBA allows those kinds of provisions in NBA contracts, Whiteman.

As you have discovered, it does.
Certain restrictions apply.

http://members.cox.net/lmcoon/salarycap.htm#61
And see the following question for signing bonuses
http://members.cox.net/lmcoon/salarycap.htm#62

[paulpressey25]

I still also want to know if this is a classic stairstep contract to avoid luxury tax. A straight-out $14.5mm a year would be a killer with both RJ and Redd.

Is a Redd deal still on the table if the Mo/CV/Dez possibilities aren't there. You could speculate it might be if Bogut's deal really is this large.

[Andrew34r]

5 years 72 million is way too much!!!! 5 years 60 is okay. I think Bogut is going to continue to improve his game and be around 15 and 10 next season.

The only thing with Bogut that somewhat bothers me is that in regards to his contract he was all talk because he did state at some point in time that he would take less money to be on a contender...and the way that Bogut talks you would maybe think he would have took less to stay here but thats me always being foolish and believeing what athletes say. Guess Bogut can buy some bling bling now.

[GrandAdmiralDan]

Whether we will have to compare what a possible max contract for Bogut would be to 5 years $60 mil or 5 years $72.5 mil, it is important to look at those numbers.

I will get us the EXACT details on how Bogut's contract is structured once all of the paperwork gets through the league office, but it hasn't made it to that point yet.

Anyway, if Bogut would have actually been an RFA right now, here are the max contract numbers that would have been available to him through us and through an outside team:

Through us, via bird rights:
13.758
15.20259
16.64718
18.09177
19.53636
20.98095
Total: $83.2359 mil over 5 or $104.21685 mil over 6

Outside team (offer sheet we could choose to match):
13.758
14.85864
15.95928
17.05992
18.16056
$79.7964 mil over 5

The thing is, Bogut is NOT an RFA right now.
He would be an RFA next offseason if left unextended and if tendered his QO

Next offseason, assuming the salary cap actually increases instead of remaining the same or decreasing, the max salary (and therefore max contract) number is different for Bogut.
This is the case for someone like Chris Paul if he signs an actual max extension. We won't know the true value of that extension until this time next year when the new max salary figures come out.

I'll give you some more numbers to look at momentarily

[fam3381]

Just got off the phone with David Bauman. The key points:

- Very optimistic a deal will be done by Friday, but nothing is final, paperwork isn't in their hands, etc
- 72.5 million is all-in. He's not going to comment right now on guarantees vs. incentives because nothing is finalized. Same for options/ETOs.
- They'd like to get Andrew to Milwaukee for physical/press conference by Friday

[carmelbrownqueen]

Just got off the phone with David Bauman. The key points:

- Very optimistic a deal will be done by Friday, but nothing is final, paperwork isn't in their hands, etc
- 72.5 million is all-in. He's not going to comment right now on guarantees vs. incentives because nothing is finalized. Same for options/ETOs.
- They'd like to get Andrew to Milwaukee for physical/press conference by Friday

I don't want to misinterpret so could you confirm what you mean by this? I'm hoping I am real wrong about what you are saying.

[EastSideBucksFan]

Just got off the phone with David Bauman. The key points:

- Very optimistic a deal will be done by Friday, but nothing is final, paperwork isn't in their hands, etc
- 72.5 million is all-in. He's not going to comment right now on guarantees vs. incentives because nothing is finalized. Same for options/ETOs.
- They'd like to get Andrew to Milwaukee for physical/press conference by Friday

WOW

Fam, you are big time. Good work going out and getting the scoop!

[andonewheel]

I figured 5/60 was too good to be true. Everybody in the NBA is overpaid, there are a lot more ridiculous contracts than guys like Artest who are great bargains. 5/72.5 is a little more than I expected but that's the reality. He better step up in a major way if this is true.

[Profound23]

5yrs 72 mil would be more than what Paul signed for...that would be sad.

Maybe it is 5 yrs 60 mil and 12 mil in incentives so every year Bogut has to play with Mo/Redd back court Bogut gets an extra 2.4 mil per year.

[KeyRabbit]

Just got off the phone with David Bauman.

Is anyone else amazed by the power of this group? (By the way, props to you, fam)

We are in direct competition with the MJS now. Well, not exactly competition regarding Bucks news, but you know what I mean...

I have more confidence in posters like fam, GAD, etc. for Bucks news than virtually any other source.

[paulpressey25]

Just got off the phone with David Bauman.

I think this is the story now...not Bogut....

There was a story on NBC news last night about the newspaper industry imploding before people's eyes faster than expected. It is a cool thing that Fam is now becoming the source of news for the Bucks. Good job.

[EastSideBucksFan]

5yrs 72 mil would be more than what Paul signed for...that would be sad.

Maybe it is 5 yrs 60 mil and 12 mil in incentives so every year Bogut has to play with Mo/Redd back court Bogut gets an extra 2.4 mil per year.

No it's not

Chris Paul just signed a 4YR/$68M deal worth $17M per year unless you are referring to total dollars.

[fam3381]

I don't want to misinterpret so could you confirm what you mean by this? I'm hoping I am real wrong about what you are saying.

Sorry, to clarify "all-in" meant with all incentives. At this point he did not want to say what the guaranteed dollars were or what type of incentives were built into the deal. So I don't think we can really make any type of final conclusion whether it was a bargain/too much until those details come out. For instance, if he gets $72.5 for being an all-star every year of the deal, then I don't have a big problem with it. If he gets the same amount for putting up 10/8, then it doesn't look nearly as good

[Sigra]

I am big Bogut fan and I know this is the NBA we are talking about but 72 millions? Come on Hammond. Are you crazy?