Report: Joakim Noah to receive $500K bonus if he’s named to All-NBA first team

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Plenty of players have incentives built into their contracts, but many of them are negotiated in that (at least at the time) would appear to be long shots, at best.

The one Joakim Noah has a legitimate shot of earning this season, however, was something that the Bulls had to see as a real possibility when they inked him to a five-year extension worth $60 million guaranteed back in 2010.

Fromm Joe Cowley of the Chicago Sun-Times:

Joakim Noah doesn’t want to get involved with all the hype surrounding his candidacy as a first-team All-NBA performer.

But he might want to start, considering he has a $500,000 bonus check coming his way if he receives that honor at the end of the regular season.

The All-NBA team is voted upon by a panel of sportswriters and broadcasters, and unlike the recent change to the All-Star election process, it’s positional — meaning, it’s mandatory for a center to be included on each of the first, second and third team results.

Noah has a great chance of making it, considering his only real competition at the center position would be Dwight Howard and Roy Hibbert. And since many in the media consistently champion the way the Bulls have overcome adversity this season by competing with maximum effort on a nightly basis, Noah may end up being the one who personally benefits from all of that positive coverage.