NBA: Looking Into Contract Incentives

November 9th, 2009 by Beyond the Arc Basketball Leave a reply »
I know that you and I had the same exact thought when the Cavaliers offered hustle player Anderson Varejao to 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 Varejao 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 point guard. But we all know he's an offensive PG, and out of the starting ...

Read Full Article at Bleacher Report - NBA
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