Good Ken Berger article on Rondo (including contract details)

[ssspence]

short and sweet...

http://www.cbssports.com/nba/writer/ken-berger/24416603/rondo-last-remaining-constant-on-ever-changing-celtics

[Roy H.]

I like Berger, but this was a little lazy...

Keith Bogans (who's been banished from the team with $11 million due over the next two seasons)

$11 million in completely non-guaranteed money.  It's a pretty huge difference.

Other than that, I think it was a good article, especially for non-Celtics fans who may not be up to date on our situation.

[ssspence]

I like Berger, but this was a little lazy...

Keith Bogans (who's been banished from the team with $11 million due over the next two seasons)

$11 million in completely non-guaranteed money.  It's a pretty huge difference.

Other than that, I think it was a good article, especially for non-Celtics fans who may not be up to date on our situation.

Speaking of lazy, I didn't even see that. ESPN also wrote an article recently calling Bogans a "bad contract". Actually, he has the best trade asset contract on the team.

[D.o.s.]

Actually, the laziest bit is that last sentence.

But I digress.

[BleedGreen1989]

This is my favorite part...

League sources say Ainge is not actively shopping Rondo, but like any good GM, he isn't ignoring the phone calls, either. He's only come close to trading Rondo once before, in a deal that would've landed him Chris Paul. To all other inquiries about his prized point guard, Ainge keeps saying the same thing: "No."

Different than the typical "insider" crap like "Ainge just can't stop shopping Rondo! He's called everybody and has almost traded him 13 times!"

[Chris]

I think Berger was wrong about Rondo's extension. 

He could sign an extension this summer for 3 years (4 including the year he is already under contract for).  The downside is you can only give him 7.5% raises from his 2014-15 salary.  BUT, they can also give him a 15% bonus of the entire extension, that would be paid either on July 1, 2015...or if they are under the cap this summer (unlikely, but possible), it could be paid immediately.

What this all means is this summer, Rondo could sign a 3 year/$44.5 million extension, plus a 6.68 million signing bonus.  Which would make it 3 years/$51.2 million, making an average of just over $17 million per year...with the added value money value of receiving $6.68 million in a lump sum signing bonus at the beginning of the contract.

While he could certainly have the potential to make more money by waiting, hitting free agency, and hoping to max out, he would be taking significant risk that he would stay healthy, and improve enough to get paid that much next year.

Plus, both he and the C's might prefer the flexibility of the slightly shorter contract.  For the C's, it is obvious why, but for Rondo, it also means that there is more of a chance that he will sign one more big money contract before he falls off a cliff when he starts getting deeper into his 30's.

So, I think it is very possible that he will agree to an extension this summer, and they will go forward with Rondo locked up through 2018.

[rocknrollforyoursoul]

Good read. Thanks for sharing. TP.

[BleedGreen1989]

I think Berger was wrong about Rondo's extension. 

He could sign an extension this summer for 3 years (4 including the year he is already under contract for).  The downside is you can only give him 7.5% raises from his 2014-15 salary.  BUT, they can also give him a 15% bonus of the entire extension, that would be paid either on July 1, 2015...or if they are under the cap this summer (unlikely, but possible), it could be paid immediately.

What this all means is this summer, Rondo could sign a 3 year/$44.5 million extension, plus a 6.68 million signing bonus.  Which would make it 3 years/$51.2 million, making an average of just over $17 million per year...with the added value money value of receiving $6.68 million in a lump sum signing bonus at the beginning of the contract.

While he could certainly have the potential to make more money by waiting, hitting free agency, and hoping to max out, he would be taking significant risk that he would stay healthy, and improve enough to get paid that much next year.

Plus, both he and the C's might prefer the flexibility of the slightly shorter contract.  For the C's, it is obvious why, but for Rondo, it also means that there is more of a chance that he will sign one more big money contract before he falls off a cliff when he starts getting deeper into his 30's.

So, I think it is very possible that he will agree to an extension this summer, and they will go forward with Rondo locked up through 2018.

Good call on Rondo signing this summer.

I've long thought a 3-4 year deal (player option)? Makes sense for both parties.

[ssspence]

I think Berger was wrong about Rondo's extension. 

He could sign an extension this summer for 3 years (4 including the year he is already under contract for).  The downside is you can only give him 7.5% raises from his 2014-15 salary.  BUT, they can also give him a 15% bonus of the entire extension, that would be paid either on July 1, 2015...or if they are under the cap this summer (unlikely, but possible), it could be paid immediately.

What this all means is this summer, Rondo could sign a 3 year/$44.5 million extension, plus a 6.68 million signing bonus.  Which would make it 3 years/$51.2 million, making an average of just over $17 million per year...with the added value money value of receiving $6.68 million in a lump sum signing bonus at the beginning of the contract.

While he could certainly have the potential to make more money by waiting, hitting free agency, and hoping to max out, he would be taking significant risk that he would stay healthy, and improve enough to get paid that much next year.

Plus, both he and the C's might prefer the flexibility of the slightly shorter contract.  For the C's, it is obvious why, but for Rondo, it also means that there is more of a chance that he will sign one more big money contract before he falls off a cliff when he starts getting deeper into his 30's.

So, I think it is very possible that he will agree to an extension this summer, and they will go forward with Rondo locked up through 2018.

Good to know -- I was mostly interested in his notes on the extension... glad i didn't take them at face value.

[D.o.s.]

He's also risking leaving a massive amount of money on the table if he agrees to an extension and comes back to play at his previous level.

So, really, it's up to his agent to figure out which course of action is in the best interest for Rondo fiscally.

[GranTur]

When it comes down to making the most money, waiting clearly is the better option. That's indisputable.

[Boris Badenov]

He's also risking leaving a massive amount of money on the table if he agrees to an extension and comes back to play at his previous level.

So, really, it's up to his agent to figure out which course of action is in the best interest for Rondo fiscally.

There's a little bit of game theory involved on Danny's and Rondo's parts that could be interesting.

At the end of this year Rondo may know far more about how his knee is really feeling, and his ultimate prospects for a full recovery, than any external observer could.

Now, put yourself in Danny's shoes. Rondo comes to the table this summer and seems perfectly willing to sign immediately to lock in his salary, forgoing that possible bigger future payday.

What does that tell you?

[D.o.s.]

He's also risking leaving a massive amount of money on the table if he agrees to an extension and comes back to play at his previous level.

So, really, it's up to his agent to figure out which course of action is in the best interest for Rondo fiscally.

There's a little bit of game theory involved on Danny's and Rondo's parts that could be interesting.

At the end of this year Rondo may know far more about how his knee is really feeling, and his ultimate prospects for a full recovery, than any external observer could.

Now, put yourself in Danny's shoes. Rondo comes to the table this summer and seems perfectly willing to sign immediately to lock in his salary, forgoing that possible bigger future payday.

What does that tell you?

That he doesn't feel he'll be playing up to a max contract, so you take his initial demand and cut it in half. Point guard is the deepest position in the league right now, and a good GM doesn't give sympathy contracts.

[action781]

Rajon will be 28 this February.  I'd like to see him sign a 3 year extension past next season that locks him up until age 32.  Shorter than that is fine, but not longer.  After age 32, I don't see Rajon being worth $12+ million per year.

[Celtics18]

Getting Rondo on a discounted three year extension before he reaches free agency would be a dream scenario.

Make it happen, guys.