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It is all about timing & money, not on-court success
Posted on: May 1, 2018 at 09:25:16 CT
Doc James USA
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A first round rookie contract is a 2 year guaranteed deal. JT will make more money playing basketball than he will with a college education, and there is always a risk he won’t be a 1st rounder this year or in the future. That risk may now be the lowest it will ever be - so that favors leaving for the draft this year. It is his choice, not anybody else’s choice.
“All first-round rookie contracts are guaranteed for two seasons, with an additional team option in years three and four of the deal. Rookies can sign for as little as 80% or as much as 120% of the scale amount within a year, although it is rare that they sign for significantly less than the full 120%. The scale amount is determined by draft position and is set for the first three years of the agreement, with the fourth year based on a percentage of the third year amount. It is also important to note that only 1st round picks are eligible for scale contracts and in the likely event a rookie signs the full 120% deal, any overage does not count against the teams salary cap status.”
From 2013:
The earlier they are taken in the draft, the higher the salary for their rookie seasons, according to a set scale, will be. In the 2013 to 2014 season, the bottom 20 of the 30 first-round draft positions were scaled between $880,600 and $1,930,600. The top-draft pick salary was $4,436,900.
Better be wise with your money:
The salaries and options afforded first-round draft picks in the NBA don't apply to second-round picks or lower. This can make finding good agents, who don't want to risk representing players who may not get second or third years in the pros, difficult for players. Sound money management is critical, regardless of longevity. As many as 80 percent of NBA pros file for bankruptcy within five years of retirement.
“All first-round rookie contracts are guaranteed for two seasons, with an additional team option in years three and four of the deal. Rookies can sign for as little as 80% or as much as 120% of the scale amount within a year, although it is rare that they sign for significantly less than the full 120%. The scale amount is determined by draft position and is set for the first three years of the agreement, with the fourth year based on a percentage of the third year amount. It is also important to note that only 1st round picks are eligible for scale contracts and in the likely event a rookie signs the full 120% deal, any overage does not count against the teams salary cap status.”
From 2013:
The earlier they are taken in the draft, the higher the salary for their rookie seasons, according to a set scale, will be. In the 2013 to 2014 season, the bottom 20 of the 30 first-round draft positions were scaled between $880,600 and $1,930,600. The top-draft pick salary was $4,436,900.
Better be wise with your money:
The salaries and options afforded first-round draft picks in the NBA don't apply to second-round picks or lower. This can make finding good agents, who don't want to risk representing players who may not get second or third years in the pros, difficult for players. Sound money management is critical, regardless of longevity. As many as 80 percent of NBA pros file for bankruptcy within five years of retirement.
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It is all about timing & money, not on-court success - Doc James USA - 5/1 09:25:16