Paul George earns extra $7 milly

[unit321]

BONUS!!!

When the All-NBA team was revealed on Wednesday, the biggest winner wasn't recently crowned MVP Kevin Durant, the only unanimous selection to the team.

Nor was it first-team newbies James Harden and Joakim Noah.

No, Wednesday's biggest winner was a man who just suffered a painful defeat at the hands of LeBron James and the Miami Heat.

Indiana's Paul George, a third-team selection.

According to multiple reports, the selection triggered a clause in George's contract which gives George a $7 million bonus. According to ESPN, the bonus is due to what is called the "Rose Provision," an escalator in place in some max contracts for a player who is named MVP, selected to start two All-Star Games or named to two All-NBA teams before the max deal actually kicks in. George, who also made the All-NBA third team last season, signed a max extension last summer and the deal kicks in this summer....


Paul George earns $7 million bonus from Pacers after making All-NBA third team | FOX Sports on MSN

Just like that, these little bonuses built into the contract are why you want a good agent. Of course, the agent is caking too with an extra $700,000 agent cut.

 

[Mr swag]

Does it affect the cap?

 

[OG Talk]

Cool suprise to get an extra 7 mill you weren't counting on.. I would invest it in real estate and by a whole subdivision down South somewhere....

 

[FTBS]

Cool suprise to get an extra 7 mill you weren't counting on.. I would invest it in real estate and by a whole subdivision down South somewhere....

We talking bout Paul George here. Strippers across the country are like

 

[OG Talk]

We talking bout Paul George here. Strippers across the country are like

 

[Brozay]

Is their a cap hit involved?

 

[who_better_than_me]

When lillard contract up. Is he legible for this bonus cuz if so, then he got next.

 

[mastermind]

We talking bout Paul George here. Strippers across the country are like

:ray:

 

[He Who Posts Well]

Is their a cap hit involved?

good question becuase they barely had enough to sign lance.'

edit: I want to say no since all it is is just a bonus, separate from his base contract. ill wait for the coli business analysts to clear this up

 

[He Who Posts Well]

We talking bout Paul George here. Strippers across the country are like

I swear you guys have these pictures saved and bookmarked for situations like this

 

[unit321]

Cap hit answer: Yes, the team cap is affected by this bonus.

For those of you who didn't click on the link.
...Per the collective bargaining agreement, these and other performance bonuses are factored into a team's salary cap, and SI.com reported Noah's selection to the first team nearly put the Chicago Bulls over the luxury tax threshold....

 

[He Who Posts Well]

Cap hit answer: Yes, the team cap is affected by this bonus.

For those of you who didn't click on the link.
...Per the collective bargaining agreement, these and other performance bonuses are factored into a team's salary cap, and SI.com reported Noah's selection to the first team nearly put the Chicago Bulls over the luxury tax threshold....

I wish it did. Those cheap b*stards

 

[He Who Posts Well]

Cap hit answer: Yes, the team cap is affected by this bonus.

For those of you who didn't click on the link.
...Per the collective bargaining agreement, these and other performance bonuses are factored into a team's salary cap, and SI.com reported Noah's selection to the first team nearly put the Chicago Bulls over the luxury tax threshold....

To add to that:

The final terms of George's deal will not be known until the NBA sets the salary cap in July. Based on a currently projected $63 million cap, George's deal will come in at about $97 million over the next five years.


But the Pacers also may be feeling good about how this is playing out because some artful negotiating saved them an additional $11 million George could have earned. Indiana also may end up with an extra $1.8 million in space below the luxury tax this summer that could be valuable as it looks to re-sign Lance Stephenson while staying out of the luxury tax next season.

Knowing that George had a good chance of making the All-NBA team again, the Pacers pre-emptively negotiated a provision that would limit the bonus. Instead of giving George 30 percent of the salary cap, as he was eligible for by making the two All-NBA teams, the Pacers and their franchise star agreed to 27 percent. This was the first time this type of deal had been agreed to. In return, the Pacers gave George an opt-out clause in 2018 so he can become a free agent sooner if he chooses.



NBA - Paul George of Indiana Pacers hits $7 million bonus by making All-NBA third team - ESPN

 

[Jax]

I wish it did. Those cheap b*stards

Cap should be at 80mil. Cheap mofos.

 

[unit321]

Cool suprise to get an extra 7 mill you weren't counting on.. I would invest it in real estate and by a whole subdivision down South somewhere....

Maybe he was counting on it.
Of course, his main goal was to get to the championship. But in his attempt to reach that goal, he was making himself eligible for all-NBA as a side-effect and whatever other bonuses are in his contract. I'm pretty sure there's a "O-ring blowout type" bonus for winning the Eastern conference or Championship that he won't be getting.