I know that you and I had the same exact thought when the Cavaliers offered hustle player Anderson Verejao a six-year, $50 million dollar contract: "WTF are you doing Danny Ferry? Are you drunk?".
Rightfully so. On the surface, that contract appears to pay Verejao an average of $8.3 million a year for six whole years. A bit much? Further investigation shows us that these "incentives" exist in his contract, but what does that matter, the guy signed for $50 million!
Well, it actually does matter Anderson, because these incentives will likely turn that $50 million into a much lesser sum. Figured I would just let you all in on the big secret of "contract incentives".
Did you know that these players would have earned:
$1.5 million dollar bonus for Luke Ridnour if he won Defensive Player of the Year
$500,000 for Nick Collison if he won the League MVP!
$500,00 for Adonyle Foyle if would of won Finals MVP!
And so many other just almost mockingly genius incentives planted into the contract.
Don't get me wrong, Luke Ridnour is a nice little all around PG. But we all know he's an offensive PG, and out of the starting 30 PGs in the NBA, he might ...
Read Full Article at Bleacher Report - NBA
Article written by RealSportsTalk
Anderson Verejao: Looking into Contract Incentives
December 10th, 2009 by RealSportsTalk Leave a reply »
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