I'm very happy with this deal. I'm interested to see how it's structured (i.e., does it increase, decrease, or stay level over time).
According to the Herald, it's 4/61 and he'll make significantly less than the 21.5M he was scheduled to make.
Yeah, what I'm interested in is the first and last year salary.
In a "typical" deal, his salaries would be:
2010-11: $13,174,946
2011-12: $14,558,315
2012-13: $15,941,684
2013-14: $17,325,053
That deal includes yearly raises of 10.5% of the first year value of the contract.
Inversely, the deal could go down over time:
2010-11: $17,325,053
2011-12: $15,941,684
2012-13: $14,558,315
2013-14: $13,174,946
Or, the team could agree to a relatively level contract over time, such as:
2010-11: $15,250,000
2011-12: $15,250,000
2012-13: $15,250,000
2013-14: $15,250,000
It doesn't make a huge difference; I'm just curious. My bet would be on option #1.