At the risk of sounding like a total idiot (maybe I'm missing something obvious) can someone explain to me how the hell it's "significantly better financially" for CP3/Duhwight to get traded?
Duhwight
Free Agent ($80m/4 yr): He's making $20m a year
Extends ($110m/5 yr): He's making $22m a year
CP3
Free Agent: $19m a year
Extends: $20m a year
I just don't get it. Your contract ends a year earlier if you go the free agent route so you can begin the second "prime contact" of your career. Plus who knows what the first year of your second contract will bring, it may be more than the 5th year of your extended contract or make up for the small difference over those four seasons.
Assuming a balanced structure to each contract...
CP3 as a Free Agent
2013: $19m
2014: $19m
2015: $19m
2016: $19m
2017: New Deal
CP3 on a Sign-n-Extend
2013: $20m
2014: $20m
2015: $20m
2016: $20m
2017: $20m
Given the nature of salaries rising, people are assuming CP3 is going to be making $19m or less in the first year of his next contract in 2017? If he's making $22m in the first year of his new contract in 2017 then in 2013-2017 he'll make $2m less in total salary than if he sign-n-extends.
I guess you're guaranteed the 2017 salary in case you get injured or your production falls off a cliff but damn, it just doesn't seem like THAT big of a deal to me.