Tag: Denver Nuggets

Golden State Warriors v Denver Nuggets - Game Two

Timofey Mozgov gets hung on dunk attempt vs. Lakers


Timofey Mozgov is listed at 7″1′, so theoretically, this should never happen.

But it is the preseason after all, and the big man obviously has a little work to do to ensure his hops are ready for regular season action.

Mozgov, of course, was on the wrong end of one of the most devastating dunks in recent memory, when Blake Griffin grabbed the back of his head before elevating over him for the sensational throw-down. His last name has been used as a verb to describe similar plays ever since, though this unfortunate display may change that, at least in the immediate future.

Report: Kenneth Faried’s contract extension with Nuggets still imminent

Kenneth Faried
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Kenneth Faried and the Denver Nuggets agreed to a five-year, $60 million contract extension.

But such an extension would violate the NBA’s Collective Bargaining Agreement.

So, the sides are renegotiating.

Now what?

Christopher Dempsey of The Denver Post:

Faried and the Nuggets have agreed on an extension, according to a league source. The only question remaining is just how long the extension will be.

It is most likely that Faried’s deal gets amended to a four-year deal in the neighborhood of $48 million, plus whatever bonuses and incentives are included in the deal.

No matter how it ends up, the two sides are extremely close on officially finalizing a contract

There was always a chance Faried wouldn’t accept fewer years and/or the Nuggets wouldn’t raise the annual salary. But considering the initial agreement came well before the Oct. 31 deadline, it’s unlikely both sides were at their ultimate limit. Both probably left enough wiggle room to find a legal extension.

It’ll be interesting to see which sides gives – and that could have as much to do with Faried’s value as who pushed for the illegal deal.

Report: Timberwolves offering Ricky Rubio four-years, $48 million, he wants more

Ricky Rubio

The demand for free agent point guards is not quite as strong and certainly not as lucrative as some seem to think. Look at how the Eric Bledsoe negotiation went this summer compared to Gordon Hayward — the lack of demand at the point left Bledsoe scrambling while Hayward had options.

Enter Ricky Rubio in Minnesota.

Rubio can sign an extension to his rookie deal between now and Halloween, however GM that drafted and saw Rubio as his clever pick and future of the team has been sent out to pasture. Flip Saunders is in that chair now and he isn’t as enamored with Rubio.

The two sides are nowhere near a deal, reports Sean Deveney of the Sporting News.

Rubio has been after a five-year contract with the Timberwolves, and though he’d like that deal to be a max, there is no doubt Minnesota won’t go that high. In fact, while it has been reported that the two sides are far apart on a number, you can get a sense of just how far — league sources told Sporting News that the Timberwolves’ best offer thus far has been four years in the range of $48 million.

For the record, a max is going to be in the ballpark of five-years, $85 million (depending on league revenues this season). Rubio is not going to get that. He’s not going to get Kenneth Faried money (five years, $60 million, maybe).

To me four and $48 million is fair. Earlier reports had the Timberwolves offer in the four and $42 million range, so maybe the franchise upped the ante a little.

But they don’t need to go higher, for two reasons.

First, Rubio’s not really worth more. I like his game more than most but his shooting needs work — not just his inconsistent jumper, also last season 40 percent of his shots came within three feet of the rim but he hit just 49.1 percent of those. He has to learn to finish. He obviously has great court vision, plays with flair and is a good defender, but right now he’s just not a max guy.

Secondly, the point guard free agent market next summer could be very crowded. Right now Rajon Rondo, Jeremy Lin, Patrick Beverley, and Kemba Walker will be free agents, and there potentially will be other ball handlers (Monta Ellis can opt out). Rubio is going to struggle to get paid what he wants as teams will have options. They don’t need to overpay.

More and more it looks like Rubio will be on the free agent market next summer, and he may not like what he sees.

Report: Nuggets and NBA discussing Kenneth Faried’s extension, could drop to four years

Denver Nuggets Media Day

Apparently, the Nuggets and Kenneth Faried reached an agreement on a five-year, $60 million extension.

One or both sides leaked the details to Yahoo Sports’ Adrian Wojnarowski, who reported on it.

The problem: Such a deal violates the Collective Bargaining Agreement.

Now what?

Adrian Wojnarowski of Yahoo Sports:

I don’t find it ambiguous.

Here are the relevant excerpts from the CBA:

Article IX, Section 1:

(b) an Extension of a Rookie Scale Contract with a player other than a Team’s Designated Player may cover, in the aggregate, up to but no more than five (5) Seasons from the date such extension is signed, and (c) a Designated Player Rookie Scale Extension with a Team’s Designated Player must cover six (6) Seasons from the date such Extension is signed. For the avoidance of doubt and consistent with Article VII, Section 9(a)(2), the maximum Contract and Extension lengths described herein are inclusive of any Option Year contained in a Contract or Extension.

Article I, Section 1:

“(p) “Designated Player Rookie Scale Extension” means an Extension of a Rookie Scale Contract entered into between a Team and its Designated Player that covers six (6) Seasons from the date the Extension is signed and provides for Salary for the first Salary Cap Year covered by the extended term equal to the player’s applicable Maximum Annual Salary under Article II, Section 7 (or, in the case of a First Round Pick who has satisfied or may satisfy the 5th Year 30% Max Criteria (as set forth in Article II, Section 7(a)(i)), provides for Salary for the first Salary Cap Year equal to twenty-five percent (25%) or thirty percent (30%) (or such other percentage between 25% and 30% as agreed upon by the Team and the player) of the Salary Cap (as calculated pursuant to Article II, Section 7) in effect during the first Season of the extended term), with annual increases in Salary for each Salary Cap Year following the first Salary Cap Year of the extended term equal to seven and one-half percent (7.5%) of the Salary for the first Salary Cap Year covered by the extended term.

Want that in a more digestible format? Here are the key excerpts from Larry Coon’s CBA FAQ:

Rookie scale contracts may be extended for up to four seasons beyond the last option season in the contract, bringing the total contract length to five seasons. Teams can also select one player (called their “Designated Player”) who can receive a five-year extension, bringing the total contract length to six seasons.

The salary in the first year of an extension to a rookie scale contract for a team’s Designated Player must be the player’s maximum salary.

Raises in a rookie scale extension for a team’s Designated Player must be 7.5%

This seems pretty straightforward to me. If the Nuggets sign Faried to a five-year, $60 million contract extension, the NBA should void the deal. I doubt the league lets them get that far, though.

Most likely, Denver and Faried will have to re-open negotiations on a shorter extension or max five-year extension. Maybe they’ll quickly reach another agreement, or maybe one side won’t budge in the face of these regulations. But these are the rules every team is working with as the Oct. 31 extension deadline nears.

Kenneth Faried’s contract extension, as reported, would violate CBA

Denver Nuggets Media Day

Kenneth Faried didn’t sign a five-year, $60 million contract extension.

He couldn’t have.

Despite Adrian Wojnarowski of Yahoo Sports reporting the contrary, extensions to rookie-scale contracts – with one exception – can be for just four seasons. The exception is when a team makes someone its designated player by giving him a five-year extension to a rookie-scale deal, but designated players must receive a max salary and 7.5 percent annual raises.

For Faried to be the Nuggets’ designated player, based on the NBA’s projected 2015-16 salary cap, his five-year extension would be worth about $89 million – far more than the reported $60 million.

So, something is getting lost in translation here.

Here are three possibilities for the actual terms:

Five-year, $89 million extension

Maybe Wojnarowski has the number of years correct and the dollar amount wrong.

Faried will make $2,249,768 this season, the final year of his rookie deal. His extension would begin in 2015-16, a season with a yet-to-be-determined cap.

Any max contract extension does not have a known salary until the July before that season begins. Perhaps, $60 million was just a really poor estimate of a five-year max contract contract that begins in 2015-16.

Four-year, $60 million

Maybe Wojnarowski has the dollar amount correct and the number of years wrong.

Again, simple enough, just one incorrect figure.

A four-year extension is the longest legal extension under the max – and $60 million should fall under the four-year max, which projects to be $68,985,747.

Four-year, $57,750,232 extension

Maybe Wojnarowski was referring to the total value of Faried’s contract – one season on the rookie deal, four seasons on the extension.

If that’s the case, Faried’s extension would be $57,750,232 over four years ($60 million minus his 2014-15 salary of $2,249,768 ).

That means his average annual salary during the extension would be $14,437,558 – a healthy bump over the $12 million per year it seemed Denver would be paying him.

This is my best guess for the mix up, but it’s just a guess.

With the salary cap set to skyrocket under the new TV deals, it seemed the Nuggets got Faried for a great value. It was just too good to be true.