Andrew Bynum’s contract contains no performance-based incentives, just $6 million guaranteed

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Andrew Bynum’s contract with the Cavaliers will pay him between $6 million and $24.79 million the next two seasons.

The two-year deal, the details of which were revealed by ShamSports.com, calls for base salaries of $12,250,000 and $12,540,000. However, only $6 million of the first season is guaranteed if Bynum is waived before 5 p.m. Jan 7 (and will become fully guaranteed if he doesn’t clear waivers before Jan. 10), and none of the second season is guaranteed until July 11, 2014.

Also, contrary to many reports, the deal contains no performance-based incentives.

So, Bynum will have until January to prove he’s either healthy or serious about his rehab – and that buys him only the rest of the 2013-14 season. Just as the 2014 offseason begins, he’ll have to have to prove himself once again to keep his contract.

The Cavaliers have given themselves a couple outs in case Bynum can’t contribute. Now, it’s up to him to prove he can – and there’s a big payday if does.