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Nance and CJ extensions can be done on Monday
Posted on 8/3/22 at 8:19 am
Posted on 8/3/22 at 8:19 am
Monday the 8th will mark six months since we traded for Larry Nance and CJ McCollum, and that will make them eligible to sign contract extensions. CJ's would need to be signed before the start of the regular season, while Nance's could actually wait until after the season starts (since he is on an expiring).
We got very strong vibes early in the offseason that Nance's deal is already done, but I don't know if a CJ extension will happen or not, as it could wait another year if both sides aren't really on the same page. In any case, both Christian Clark in the T-P and Will Guillory in The Athletic have articles up about those possible extensions.
CJ currently has two years left on his deal for a total of $69 million. He would be eligible to sign a three-year extension.
Guillory talked to The Athletic’s salary-cap expert Danny Leroux to get his thoughts. Leroux:
Do you think that it makes sense to commit $100 million now to extend CJ for three more seasons and extend his contract with the Pels to five total from now?
We got very strong vibes early in the offseason that Nance's deal is already done, but I don't know if a CJ extension will happen or not, as it could wait another year if both sides aren't really on the same page. In any case, both Christian Clark in the T-P and Will Guillory in The Athletic have articles up about those possible extensions.
CJ currently has two years left on his deal for a total of $69 million. He would be eligible to sign a three-year extension.
Guillory talked to The Athletic’s salary-cap expert Danny Leroux to get his thoughts. Leroux:
quote:
The key variable there is how McCollum assesses his 2024 market. On one hand, that next contract/extension will start with his age-33 season and most guards have taken a significant step back by that point, factors that would push him towards accepting a more modest agreement. After all, there is a risk that there won’t be many teams interested in giving him big money in 2024, depending on how the next two years go.
What gives me pause is that there could be a lot more money in the NBA then, even if the new TV deal boost is imminent rather than first pushing the cap up in 2024. On top of that, we are seeing more high-level players sign extensions right now, so unrestricted free agent classes have generally become weaker, a trend that likely does not stop for at least a few years. There is more financial upside for McCollum than a typical guard in his thirties, but I still think something around $30 million per season would be incredibly hard for him to turn down, even if a three-year extension in the $90-100 million range is less that the absolute maximum the Pelicans can offer. Players, front offices, fans and media members alike are going to have to adjust to a new financial reality, but $30 million or so for McCollum’s age-33, 34 and possibly 35 seasons still seem like a major haul even if there’s a chance he could get more if everything goes well.
Do you think that it makes sense to commit $100 million now to extend CJ for three more seasons and extend his contract with the Pels to five total from now?
8
Posted on 8/3/22 at 8:30 am to GOP_Tiger
I am fine with it ... he unlocked the Willie Green cheat code and he is the guy that can tell Zion to shut the frick up and get on the court.
Posted on 8/3/22 at 8:31 am to GOP_Tiger
Whatever it takes as long as we keep TM3 and Herb.
Posted on 8/3/22 at 8:32 am to GOP_Tiger
I’d probably lean towards a 2 year extension for both of them. I think that shows respect, but also maintains flexibility.
I do get the sense that CJ might age better than people expect. His game has always been more skill based, than athleticism based and he is quite cerebral. I could actually see him improving in some areas as he learns to play off of Ingram and Zion.
I do get the sense that CJ might age better than people expect. His game has always been more skill based, than athleticism based and he is quite cerebral. I could actually see him improving in some areas as he learns to play off of Ingram and Zion.
Posted on 8/3/22 at 9:14 am to GOP_Tiger
Kyle Lowry signed a 3/$85M at 35
Mike Conley signed a 3/$68M at 34
Jrue signed a 4/$135M at 31. $33M/yr
I wouldn't mind giving him a 3/$100M. I also don't think that CJ should be making more money than BI or Zion, or Jrue for that matter.
I know he had his highest scoring average of his career during his short time with us, but when Zion and BI are playing, he's going to be under or right at 20ppg and playing a different role.
I think ideally for us it would be great if he accepted a contract that was decreasing. Hell i'd give him a little bit more if it did that.
do a 3/$104M and the first year can start at $36.5M, then $34.5M, then $33M. That would be very helpful for us when it comes to the tax line, even with an increasing salary cap. It also monetarily gives the reigns to BI and Zion gradually.
I also wish NBA contracts had a little more incentive base on them, especially for veterans.
We brought him in for a very specific reason, to help set a culture for this young team and to get us into the playoffs and be there to help with scoring AFTER BI and Zion.
A simple $1M bonus for playing 62 games and a $2M bonus for making the playoffs. Make the contract $3M less per year, but add those incentives as they are very likely incentives. And i know this isn't happening, especially when your proposing it to the president of the players union.
I just wish they'd get rid of fully guaranteed. There should be some incentive base for everyone, a good 10-15% would suffice.
Mike Conley signed a 3/$68M at 34
Jrue signed a 4/$135M at 31. $33M/yr
I wouldn't mind giving him a 3/$100M. I also don't think that CJ should be making more money than BI or Zion, or Jrue for that matter.
I know he had his highest scoring average of his career during his short time with us, but when Zion and BI are playing, he's going to be under or right at 20ppg and playing a different role.
I think ideally for us it would be great if he accepted a contract that was decreasing. Hell i'd give him a little bit more if it did that.
do a 3/$104M and the first year can start at $36.5M, then $34.5M, then $33M. That would be very helpful for us when it comes to the tax line, even with an increasing salary cap. It also monetarily gives the reigns to BI and Zion gradually.
I also wish NBA contracts had a little more incentive base on them, especially for veterans.
We brought him in for a very specific reason, to help set a culture for this young team and to get us into the playoffs and be there to help with scoring AFTER BI and Zion.
A simple $1M bonus for playing 62 games and a $2M bonus for making the playoffs. Make the contract $3M less per year, but add those incentives as they are very likely incentives. And i know this isn't happening, especially when your proposing it to the president of the players union.
I just wish they'd get rid of fully guaranteed. There should be some incentive base for everyone, a good 10-15% would suffice.
Posted on 8/3/22 at 9:18 am to GOP_Tiger
Something worth considering is that a big CJ extension commits us to paying tax for a while.
After this coming season, it will be very hard to avoid the tax next season with Zion's new salary kicking in, but it might be possible if we replace Graham, Jaxson, and Temple with minimum salaries.
On the other hand, we should be contending that season, and so there will likely be pressure to add a piece that helps us get to the Finals, so I think that staying under the tax would be very hard.
So, then we are basically committed to the tax for several years, unless the tax line goes up more than expected. Or we get stuck having to trade away core pieces.
I hope Gayle's checkbook is ready.
After this coming season, it will be very hard to avoid the tax next season with Zion's new salary kicking in, but it might be possible if we replace Graham, Jaxson, and Temple with minimum salaries.
On the other hand, we should be contending that season, and so there will likely be pressure to add a piece that helps us get to the Finals, so I think that staying under the tax would be very hard.
So, then we are basically committed to the tax for several years, unless the tax line goes up more than expected. Or we get stuck having to trade away core pieces.
I hope Gayle's checkbook is ready.
Posted on 8/3/22 at 9:19 am to GOP_Tiger
Honestly, I'd rather give him 2/80 than 3/100. Or, if it's a 3 year deal, at least have some non-guaranteed money on that last year.
Posted on 8/3/22 at 9:20 am to GOP_Tiger
quote:
So, then we are basically committed to the tax for several years, unless the tax line goes up more than expected.
I think the expectation is that there is going to be a very large cap jump in the 2024 offseason.
Posted on 8/3/22 at 9:22 am to Epic Cajun
quote:
I think the expectation is that there is going to be a very large cap jump in the 2024 offseason.
But doesn't that depend on the new CBA, since the current one ends with the 2023-2024 season? I think everyone wants some cap smoothing instead of a huge jump.
Posted on 8/3/22 at 9:30 am to Epic Cajun
quote:
think the expectation is that there is going to be a very large cap jump in the 2024 offseason.
The problem the Pelicans have to decide is do you pay them now and risk decline in production/missed games or wait and when the new cap kicks in have to pay them even more than they would now
Posted on 8/3/22 at 9:42 am to TeddyPadillac
CJ is the NBPA president; he knows how the movie ends. i have full faith and confidence that his extension (and there will be extension) is as team-friendly as it can possibly be, while remaining market competitive
Posted on 8/3/22 at 9:46 am to GOP_Tiger
Depends on the new TV deal, and possibly some sort of clause about cap smoothing in the new CBA I suppose. The cap jumped 32% in 2016, even if they lower than to a 15% jump, it would put the estimated cap for the 2024 season to be ~153 mil, the tax is typically around 20% above that, so we're looking at a tax line of ~184 mil.
Posted on 8/3/22 at 10:04 am to GOP_Tiger
I wouldn't extend either one. Let them play out. McCollum could be extended next summer. Nance is the 5th or 6th big. We can find a reasonable replacement deep in the draft or from a cheap FA..
Posted on 8/3/22 at 10:09 am to cgrand
A few months ago I was told CJ should be getting 3+ years close to 40 mil. Whoever said that could still 100% be right but it won’t be the pelicans paying it.
The only way we would think about paying CJ over 35 mil for several year is if he is our clear best player next year. If he’s our best player next year then we have bigger issues and are probably blowing it up regardless of CJ.
The only way we would think about paying CJ over 35 mil for several year is if he is our clear best player next year. If he’s our best player next year then we have bigger issues and are probably blowing it up regardless of CJ.
Posted on 8/3/22 at 10:12 am to GOP_Tiger
quote:
After this coming season, it will be very hard to avoid the tax next season with Zion's new salary kicking in, but it might be possible if we replace Graham, Jaxson, and Temple with minimum salaries.
We'll be alright.
The tax line will be like $161M next year.
Jax won't be on this team, and neither will Temple. Good chance Kira won't either. Temple can be replaced with a minimum guy, Kira with a new draft pick. Was really hoping Liddell would turn into a replacement for Jax, but i understand that's a stretch to assume for a 2nd rounder (even if he was a projected late teens early 20's pick).
Graham is the contract that needs to get moved and replaced with someone making less.
I think we should look to move Graham and Jax, getting back Zach Collins and then someone else from a 3rd team.
Jax/Kira to Knicks
Fournier/Graham to Spurs
Collins/Quickly to Pels
Spurs can get our 23 lottery protected pick, Knicks give Spurs their Dallas first. Spurs give Pels their Indiana 23 2nd.
Posted on 8/3/22 at 10:56 am to brmark70816
quote:
Nance is the 5th or 6th big
Try 3rd or 4th
Posted on 8/3/22 at 11:06 am to TeddyPadillac
quote:
Kyle Lowry signed a 3/$85M at 35 Mike Conley signed a 3/$68M at 34 Jrue signed a 4/$135M at 31. $33M/yr
I see what you’re saying as far as comps…but I would say 2 of these are now bad contracts.
Posted on 8/3/22 at 11:14 am to DallasTiger45
quote:
I would say 2 of these are now bad contracts.
They were a little older, but one thing the Pels have in their favor is the expected ballooning of the cap after the new TV deal in I believe 24-25. So at the end of a CJ extension, $30 will be more like $20. Something you can dispose of with a draft pick. But I don't think they'll need that.
The key to success for the Pels isn't threading the needle on a CJ extension, it's continuing to draft and develop. So as CJ declines you hopefully have young guys stepping up into bigger roles. Maybe CJ becomes a grossly overpaid 6th man, but you can afford that if someone like Dyson becomes a starter so his rookie scale deal can balance out CJs.
This post was edited on 8/3/22 at 11:15 am
Posted on 8/3/22 at 11:45 am to brmark70816
quote:never change brmark
Nance is the 5th or 6th big. We can find a reasonable replacement deep in the draft or from a cheap FA..
Posted on 8/3/22 at 11:50 am to brmark70816
quote:The more you post, the more evident it is that you do not understand the NBA.
I wouldn't extend either one. Let them play out. McCollum could be extended next summer. Nance is the 5th or 6th big. We can find a reasonable replacement deep in the draft or from a cheap FA..
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