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Ingram extension completed

Posted on 11/24/20 at 1:36 pm
Posted by Soggymoss
Member since Aug 2018
14353 posts
Posted on 11/24/20 at 1:36 pm
quote:

New Orleans Pelicans All-Star F Brandon Ingram has agreed to a five-year, $158 million maximum contract extension, his agents Jeff Schwartz and Jordan Gertler of @excelsm_bball tell ESPN.


quote:

Brandon Ingram contract in New Orleans:

2020-21 $27,285,000
2021-22 $29,467,800
2022-23 $31,650,600
2023-24 $33,833,400
2024-25 $36,016,200

Totals 158,253,000
This post was edited on 11/24/20 at 1:46 pm
Posted by Fun Bunch
New Orleans
Member since May 2008
115970 posts
Posted on 11/24/20 at 1:37 pm to
Perfect. Waiting for details now.

quote:

five-year, $158 million


For some reason this is less than I was expecting in my head.
Posted by Macintosh504
Leveraging Salaries University
Member since Sep 2011
52638 posts
Posted on 11/24/20 at 1:37 pm to
Very nice contract.
Posted by Galactic Inquisitor
An Incredibly Distant Star
Member since Dec 2013
15190 posts
Posted on 11/24/20 at 1:38 pm to
I'm curious to see what our total payroll looks like now
Posted by cgrand
HAMMOND
Member since Oct 2009
38829 posts
Posted on 11/24/20 at 1:38 pm to
have to believe its 4+1.
it would be wizardry if its a full 5
Posted by Soggymoss
Member since Aug 2018
14353 posts
Posted on 11/24/20 at 1:38 pm to
Seems like it, but that's the full max. 31.6 mil per year
Posted by Soggymoss
Member since Aug 2018
14353 posts
Posted on 11/24/20 at 1:39 pm to
quote:

Ingram passed on a more modest extension offer a year ago after arriving from Lakers in the Anthony Davis trade. He counted on a bigger role to elevate his performance and earning power, and it did. Ingram earned a Western Conference All-Star berth and now cashes in on max deal.


Interesting, I was always under the impression both sides wanted to wait to see how he came back from his clots.
Posted by cgrand
HAMMOND
Member since Oct 2009
38829 posts
Posted on 11/24/20 at 1:40 pm to
Posted by Fun Bunch
New Orleans
Member since May 2008
115970 posts
Posted on 11/24/20 at 1:40 pm to
Apparently we offered him an extension last year. Wish he had taken it.

quote:

Ingram passed on a more modest extension offer a year ago after arriving from Lakers in the Anthony Davis trade. He counted on a bigger role to elevate his performance and earning power, and it did. Ingram earned a Western Conference All-Star berth and now cashes in on max deal.


Posted by Soggymoss
Member since Aug 2018
14353 posts
Posted on 11/24/20 at 1:40 pm to
For this season?

We are knocking right at the luxury tax, which is 132 million
Posted by quail man
New York, NY
Member since May 2010
40926 posts
Posted on 11/24/20 at 1:41 pm to
Let’s goooooo
Posted by Soggymoss
Member since Aug 2018
14353 posts
Posted on 11/24/20 at 1:45 pm to
quote:

Brandon Ingram contract in New Orleans:

2020-21 $27,285,000
2021-22 $29,467,800
2022-23 $31,650,600
2023-24 $33,833,400
2024-25 $36,016,200

Totals 158,253,000
Posted by Hazelnut
Member since May 2011
16433 posts
Posted on 11/24/20 at 1:47 pm to
Still no word on a player option on year 5?
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32530 posts
Posted on 11/24/20 at 1:49 pm to
Still waiting to hear, typically the agent would have relayed that message, because player options are a "plus" for the player.
Posted by Soggymoss
Member since Aug 2018
14353 posts
Posted on 11/24/20 at 1:50 pm to
No word yet, but I'm sure he was able to get one, especially being there's no chance for it to increase to supermax level.
Posted by jprdbulldog20
Member since Feb 2013
18951 posts
Posted on 11/24/20 at 1:50 pm to
nba reporters SLACKING on giving details on ingram's contract
This post was edited on 11/24/20 at 1:52 pm
Posted by Hazelnut
Member since May 2011
16433 posts
Posted on 11/24/20 at 1:54 pm to
Apparently there are clauses that can bring his total contract to $195 million. I think those potential clauses would be counting against the cap as well if I remember correctly

ETA: my bad wrong person. Woj didn't specify and I thought he was talking about Ingram
This post was edited on 11/24/20 at 10:05 pm
Posted by BallHawk
Orlando
Member since Jul 2011
5740 posts
Posted on 11/24/20 at 1:55 pm to
No that was for Bam
Posted by Fun Bunch
New Orleans
Member since May 2008
115970 posts
Posted on 11/24/20 at 1:55 pm to
quote:

Apparently there are clauses that can bring his total contract to $195 million. I think those potential clauses would be counting against the cap as well if I remember correctly




I have seen that about Bam and other player's maxes but not BI's yet.
Posted by TigerinATL
Member since Feb 2005
61526 posts
Posted on 11/24/20 at 1:55 pm to
quote:

I think those potential clauses would be counting against the cap as well if I remember correctly


They called them escalator clauses which to me SOUNDS different than incentives. We did run into an issue with Jrue's contract where he had unlikely incentives for about $5 million more than his salary, but those incentives counted when you see if you hit the Tax Apron and are limited on transactions like S&Ts and only having the tax payer MLE.
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