Horford Extension

[CBS_Take a Report]

I was thinking that Al Horford is likely in the twilight of his career and his value will begin to diminish in the coming years. I’ve got to imagine he seeks to end his career with the Celtics and would be open to a team friendly extension. A veteran presence like Al could be favorable from the Celtics standpoint in terms of seeking to create continuity amongst this unit. I dug up some info on veteran contract extensions and Al’s contract for consideration of the approach above.

On Al’s Contract:

Only $14,500,000 guaranteed in 2022/23, HoopsHype has learned. He would get $19,500,000 guaranteed if his team makes it to the NBA Finals in 2021/22. His 2022/23 would be fully guaranteed if his team wins the NBA championship.

On Early Extension (Incentive Clause):

If a contract contains incentive bonuses, a veteran extension must contain the same bonuses. The bonus amounts can be increased or decreased by up to 8%, but they must still be part of the deal. An extension also can’t contain bonuses that weren’t part of the original

Would a very team friendly contract extension with the championship incentive layered on top be mutually beneficial?

[CBS_Take a Report]

And further to this point would this create addl cap flexibility to make room for another max contract as a result of this approach?

[Darth_Yoda]

 I think the biggest part of his contract right now is that partial guarantee
 
Assuming team trades for another star horford contract wwill be used. Send out the max cash alomg with him and his contract becomes closer to an expiring.

[Roy H.]

I don’t think that it is practical to work out an extension.

Somebody can correct me if I’m wrong, but if we want to keep Horford beyond next season I believe that we can waive him, pay him the $14.5 million, and still re-sign him to a contract using Bird rights.

[Celtics2021]

I don’t think that it is practical to work out an extension.

Somebody can correct me if I’m wrong, but if we want to keep Horford beyond next season I believe that we can waive him, pay him the $14.5 million, and still re-sign him to a contract using Bird rights.

That is 100% correct.  I expect we’ll stretch him and re-sign him to a cheaper deal (assuming he is beneficial to us this year as management seems to hope).