All-Star point guard Russell Westbrook has signed a five-year, $80 million contract extension with the Oklahoma, league sources told Yahoo! Sports….
Under the new collective bargaining agreement, Westbrook could’ve been eligible for a maximum deal worth 30 percent of the Thunder’s salary cap next season. To do so, he needed to satisfy requirements that included him being named to the All-NBA team twice in four years. Nevertheless, Westbrook gets an extension that pays him 25 percent of the Thunder’s cap and preserves space that allows the franchise to construct future deals for James Harden and Serge Ibaka.
That last part is key — Westbrook could have gotten a “Derrick Rose” rule deal (if he makes the All-Star Game again this season), which is what the Thunder modified Kevin Durant’s deal to be. It would mean more money in Westbook’s pocket (about $15 million total over five years), but would also means 60 percent of the Thunder’s cap space would be tied up in two players and keeping guys like Harden would have been difficult.
The Yahoo report says Westbrook did not get that kind of deal, he got the 25 percent of the salary cap deal he can sign now. If he does not get a bump up to a Rose rule size contract — and it appears he is not — this is a great deal for the Thunder.
They apparently sold him on this as a way to keep the core of this contending team together and he accepted the sacrifice. It still will not be easy — Harden in particular is coveted by other teams and he could see tempting offers — but now the Thunder stand a better chance. OKC hopes to sign Harden to a deal around $11-12 million a year. They already have Kendrick Perkins at $9 million plus, and there is Serge Ibaka who will need an extension.
How much the small market Thunder owners are willing to spend and pay in luxury tax (especially after the more onerous provisions kick in after a couple years) remains to be seen.
Bottom line, the Thunder now have Westbrook and Durant locked up. With that they are going to be very good for the next five years, regardless.
Gordon Hayward dunks on Giannis Antetokounmpo, Thon Maker (videos)
The Lakers took on the salary of Jose Calderon this year so they could get a couple second-round picks from the Bulls (Chicago got him from New York in the Derrick Rose trade), but even with the previous regime in Los Angeles the aging point guard was never part of the future.
Sources told ESPN that it’s not yet a certainty Calderon will secure his release from the Lakers in the coming days, but the sides are indeed discussing the options as Wednesday’s playoff eligibility deadline nears….
Sources say that Calderon, if he winds up hitting the open market, would instantly become a target for both the Golden State Warriors and the Houston Rockets.
Cleveland may also have interest if their plan to land Deron Williams when he is bought out by Dallas goes awry.
Calderon, 35, was not part of the Lakers’ regular rotation, playing in just 24 games. He can still knock down a shot if he has space and can set his feet, and he still has a high hoops IQ and can see the floor, but his athleticism has faded, and that can leave him exposed. Particularly on defense.
Players are being waived now so they clear in time for teams to sign them by March 1, after that said players are not eligible for playoff rosters.
There are better players to hit the waiver wire in the coming days — D-Will, Andrew Bogut, Matt Barnes — but Calderon is going to land somewhere. He’d be a solid third point guard and veteran presence for a playoff run.
Marquese Chriss blocks Bobby Portis, who gets testy (video)
The time off during the All-Star break did Dwyane Wade some good.
The Bulls guard turned back the clock on Friday night, leading the Bulls with 23 points and topping it off with this dunk that proved to be the dagger, sealing a Chicago win. The Suns were convinced Wade was going to run the shot clock way down before making his move and they lollygagged into position — so he just blew past everyone for the poster slam.