Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Wednesday, October 16, 2013

The NBA's Crucial Year Three part 3: "A Rose on the Hardwood"

Derrick Rose has set the bar high for all first round draft picks because of the accolades he achieved during his third NBA season.  In the 2010/11 season, Rose's third year, he was a starter on the East All-Star team, named to the All-NBA first team, and selected as the league's Most Valuable Player.  His brand of basketball was so exceptional that season that when the most recent collective bargaining agreement was finalized, there was a provision written in to reward players that out-play their rookie contract. Part 1 of this series looked at players from the 2011/12 rookie class who have shown star potential but need to raise their level of play to be considered for the 25% max.  Part 2 featured the young stars of this class who are likely to receive the max. 

In this final installment of "Year Number Three" series, we'll look at this draft's cream of the crop and his chances of earning "The Derrick Rose Provision"

Friday, August 30, 2013

The NBA's Crucial Year Three part 1: "Money Earning"

The third season of an NBA player's career is the most important because it is integral to their financial well-being that they perform well or display the potential to be a coveted member of an organization's future.  When a player is drafted, there is no need to negotiate their contract because the amount they make depends on where they were chosen in the draft; this is often referred to as their "rookie deal".  Rookie deals are for a guaranteed two years; this only applies to first round draft picks.  However, a team may exercise an option for a third year, most will do this unless a player is a complete bust.  There's also an option for a fourth year.  If a player can have a breakout type of season in year three, the organization will most likely offer them a contract extension starting at the maximum amount allowed 25% of the salary cap which would kick in at the start of the fifth season.  In part one of this series, I take a look at some first rounders going into their third season that need to ball so hard  for their agents to be taken seriously when the word "max" is spoken.