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Report: 76ers, Robert Covington finalizing $62 million renegotiation-and-extension


The 76ers found a steal in Robert Covington when they signed him to a four-year, team-friendly contract three years ago. Covington has blossomed into one of the NBA’s better 3-and-D forwards, and at 26, he’s in his prime.

Philadelphia won’t let him hit free agency.

Covington became eligible for a renegotiation-and-extension today, and to the surprise of nobody considering how much cap space the 76ers saved for just this occasion, the deal will soon become official.

Adrian Wojnarowski of ESPN:

Philadelphia 76ers forward Robert Covington is finalizing the framework of a four-year, $62 million contract extension, league sources told ESPN.

Covington has a $1,577,230 salary this season. With $15,120,873 in cap space, the 76ers can bump his salary up to $16,698,103 for this season. His salary in the first year of his extension, which would begin in 2018-19, must land between 60% and 120% of his salary last season. His salary in each subsequent season in the extension can rise or fall by 8% of his 2018-19 salary.

Presumably, the 76ers will use all their remaining cap space to renegotiate Covington’s salary this season. What better use do they have for it? In exchange, Covington will accept less than his perceived market value over the four years of the extension – which means taking a big drop next season.

Here’s a guess at the structure of Covington’s contract:

2017-18: $1,577,230 $16,698,103

2018-19: $10,018,862

2019-20: $10,820,371

2020-21: $11,621,880

2021-22: $12,423,389

That’s the maximum renegotiation this season, the maximum drop next season and the maximum increase in each subsequent season. It’s a a total of $61,582,604, right in line with Wojnarowski’s reporting. I wouldn’t count the money Covington was already due this season, but whoever leaked this information might. Perhaps, the drop next season won’t be quite the maximum 40%, though.

No matter the exact terms, this is a savvy use of cap space by the 76ers, who will have more financial flexibility during the primes of Joel Embiid and Ben Simmons as a result of paying Covington more now.

Giannis Antetokounmpo to tell his story on 60 Minutes this week (preview clip)

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Giannis Antetokounmpo grew up hocking wares — clothes, sunglasses, whatever — on the streets of Athens, Greece. He easily could still be living there, the tallest salesman in a poor part of a country with high unemployment and real challenges.

Instead, he is a multimillionaire living comfortably in the United States, and is one of the 10 best basketball players in the world — and still improving. In a few years we may well be saying he is the best player on the planet.

Antetokounmpo will be telling his story on the legendary television news magazine 60 Minutes this week, and the show released a clip. Check it out.

This is the best missed free throw to game winner you will ever see

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We’ve all seen this situation before at every level of basketball: A team down three points gets fouled in the final seconds and has two free throws, so the shooter aims to make the first free throw then miss the second and create a rebound he or a teammate can grab then throw back in to tie the game. It works about as often as an NFL Hail Mary — either the shooter makes the shot anyway or the defense gets the board — but what other choice is there?

Nobody has ever pulled it off as well as Paulinho Boracini of the Brazilian league team Cearense.

Intentional or not (and I lean not), he banked the second free throw off the rim toward the corner, ran it down himself and hit the game-winning three.

Damn. That’s impressive.

(If Boracini and Cearense sound familiar, you win the award for “watching too much Knicks preseason basketball” because they played New York in a 2015 exhibition.)

Giannis Antetokounmpo doubtful with ankle injury for Bulls game

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MILWAUKEE (AP) The Milwaukee Bucks say Giannis Antetokounmpo is doubtful for Friday night’s game against the Chicago Bulls with a sprained right ankle.

The All-Star forward got hurt in the second quarter of a 127-120 loss on Wednesday to the Los Angeles Clippers when he appeared to trip over teammate Shabazz Muhammad under the Bucks’ basket.

Antetokounmpo is fourth in the league in scoring at 27.3 points a game.


Anfernee Simons declares for NBA draft straight out of high school (kind of)

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Anfernee Simons spent the last year playing high school basketball. But because he did so as a fifth-year prep after technically graduating from high school last year and turns 19 in June, he’s eligible for the NBA draft.

Following a path taken by Thon Maker and considered by Jonathan Isaac, Simons – as expected – is turning pro.

Jonathan Givony of ESPN:

Anfernee Simons will forgo his collegiate eligibility and declare for the 2018 NBA draft, he informed ESPN.

Simons informed ESPN that he will sign with agent Bobby Petriella of Rosenhaus Sports Representation

Simons looks like a mid-first-rounder, though his range is quite wide considering how large of a jump he’s making. Teams can learn relatively more about him in workouts and interviews.

A 6-foot-4 shooting guard who specializes in scoring, Simons is quick on his feet with a quick release off the dribble – with range from beyond the 3-point arc to an impressive floater game. Those floaters will be important, because Simons isn’t nearly strong enough for the NBA. He’s also a lackluster passer, though because of physicality concerns, no team will count on Simons to run an offense anytime soon, anyway. He’ll have time to develop as a distributor.

By signing with agents, Simons loses his college eligibility. Drew Rosenhaus, a big-name football agent, isn’t certified with the National Basketball Players Association. Petriella’s only NBA client has been Diamond Stone, a 2016 second-rounder who’s out of the league. They’re all in this bold venture together now.

As the NBA considers changing its draft rules for young prospects, Simons will be an interesting case study. He obviously meets the draft-eligibility requirements in the one-and-done era, but he’s also jumping from prep-school competition to the NBA. The league’s strength and nutrition programs should serve him well. His overall development could influence the wider debate.