It all started with a good story in the Cleveland Plain Dealer about big men getting paid. Big men always get overpaid a little in the NBA because: 1) You still need them; 2) There is a limited supply of good ones.
That story told Cavaliers fans it would make no sense for Timofey Mozgov to sign an extension to his current $4.9 million deal as he enters the last year of his contract (the Cavaliers just picked up the option on next season).
True. But he couldn’t sign one anyway, notes former Nets assistant GM and twitter sensation Bobby Marks.
There is actually nobody on the Cavaliers eligible for a contract extension.
But the point that Mozgov wouldn’t sign one even if he could is valid. Mozgov is making $4.9 million and the most that the Cavaliers could offer in a contract extension is $5.4 million a year as a starting point (a 7.5 percent raise). As arguably the best free agent center on the free agent market next summer, Mozgov will command probably closer to $13 million a year, Marks estimates. Even if that number drops a little over the course of the season, we’re talking about a deal more than double what he could get an extension. Even if he wants to stay a Cavalier, it makes more sense to become a free agent and re-sign than it does to sign an extension.
Unless we’re talking rookie contracts (where the rules are different), contract extensions are very rare in the new CBA. It doesn’t make sense for most players, because they cannot be for the max number of years (why Kevin Durant will not sign one) and raises are limited. Extensions do happen, Danilo Gallinari reached a deal for one with the Nuggets this summer, but they are the exception, not the rule under the new CBA.
Mozgov is going to be an in-demand man next summer.