What does Supermax mean in NBA?

What does Supermax mean in NBA?

designated player extension
Technically known as a designated player extension, the supermax allows players to get to the “35 percent of the cap” deal earlier than the 10 years they’d typically have to wait. The only players who’ve been able to take advantage of it so far are Stephen Curry, James Harden, Russell Westbrook and John Wall.

What makes an NBA player eligible for a Supermax?

The supermax allows players entering their seventh, eighth, or ninth seasons to sign new contracts or extensions worth 35\% of the salary cap, with 8\% annual raises each season. To be eligible, they have to have recently won MVP, Defensive Player of the Year or made an All-NBA team.

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Who in the NBA has a supermax contract?

It’s also been true with the supermax itself. With Giannis now in the club, six NBA players have signed a supermax extension: Stephen Curry, Damian Lillard, James Harden, Russell Westbrook, John Wall and now the Bucks’ superstar.

Is LeBron eligible for Supermax?

While Curry signed a supermax with the Warriors in 2017, James is not eligible because he has changed teams.

Does Luka qualify for Supermax?

The 22-year-old Doncic was an All-Star in his second and third seasons after being named Rookie of the Year in 2018-19. He’s also been first-team All-NBA twice, which makes Doncic the first player eligible for a supermax extension off his rookie contract.

How much of Giannis Antetokounmpo contract is guaranteed?

Current Contract

Contract: 5 yr(s) / $228,200,420
Average Salary: $45,640,084
Guaranteed at Signing $228,200,420
Signed Using: Designated Player Veteran Extension/Bird
Free Agent: 2026 / UFA

Is Giannis contract guaranteed?

He had one year left on the four-year, $100 million deal he signed in 2016, so this new extension will kick in beginning in the fall of 2021. Antetokounmpo, 26, is now guaranteed a grand total of $256M over the next six seasons in Milwaukee.

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How much is Giannis Supermax contract?

Antetokounmpo’s agent, Alex Saratsis, told ESPN’s Adrian Wojnarowski that it will be for the full five-year, $228 million supermax, including an opt-out after the fourth year.

How much is Luka doncic salary?

Doncic was drafted three years ago in the 2018 NBA Draft. The superstar for the Mavs will make a lot more money during the 2022-23 NBA season and beyond, because he just signed a contract extension worth over $200 million (see Tweet below from Marc Stein). According to Spotrac, Doncic will make $35,700,000 in 2022-23.

What is a supermax contract?

A “supermax contract” refers to the contracts that can be doled out to those lucky NBA players who qualify for the Designated Veteran Player Extension (DVPE).

Are NBA contracts guaranteed?

In the NBA and MLB, a player’s full contract is guaranteed for its entire duration the moment the deal is signed. This is not the case in the NFL. When an NFL player signs a contract, only a portion of the pay is guaranteed. This results in far less guaranteed money being awarded to football players.

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What is NBA max contract?

“Max contract” is a term that gets thrown around a lot in basketball circles, but it doesn’t mean the same thing for every player. Max contracts have different values, depending on the length of the deal, what team is offering the deal, as well as how much experience a player has accumulated in the league.