Largest Player Options For 2015/16

Player options can be a nuisance for teams. Teams interested in trading for Corey Brewer earlier this month reportedly sought to have him waive his $4.905MM player option for 2015/16, and Brewer doesn’t even possess a particularly expensive option. No team would mind having LeBron James at the value of his league-high $21.573MM player option for next season, but the specter of Roy Hibbert‘s $15.514MM option, tied for the fifth-most expensive 2015/16 player option in the NBA, is a complication for the Pacers.

There’s a decent chance that the salary would be better than any that Hibbert would be able to command in free agency, but he’d probably be able to secure a much greater amount of money over the long term if he opts out, so it isn’t easy for the Pacers to guess what he’ll do. President of basketball operations Larry Bird and company are no doubt keyed into the thinking of the center who’s been a part of the team since 2008, but until they know for sure, the Pacers will have to look ahead to next summer with uncertainty about whether they’ll have significant cap room. Add to the mix David West‘s $12MM player option, another one that could go either way, and there’s no clear picture of the summer ahead for Indiana, which, aside from the options, currently has about $36MM in commitments for 2015/16.

Hibbert and West possess two of the NBA’s nine 2015/16 player options worth more than $10MM, but the Pacers are just one of three teams with multiple players holding such lucrative options. The Cavs, with two of the three most expensive ones, and the Heat are the others. The tenth-most expensive player option in the league, which belongs to Thaddeus Young, is actually an early termination option, though it functions much the same way as a standard player option does.

Jared Dudley holds the only other early termination option for 2015/16, but the possibility, if not the assumption, that he’ll opt in led the Clippers to trade him to the Bucks this summer for a pair of contracts with non-guaranteed salary for 2015/16 instead. The Clippers didn’t have to factor in that non-guaranteed money when they waived Carlos Delfino and Miroslav Raduljica, the two players they acquired in the Dudley trade, and used the Stretch Provision to spread their salaries. Conversely, the value of Dudley’s option would have counted if the Clippers were to have simply waived and stretched him, so even though Dudley may never end up seeing that money, it’s already influenced where he’s playing. However, if Dudley’s option were merely a player option instead of an early termination option, the salary wouldn’t necessarily have counted. Players and teams who sign contracts that contain player options choose whether or not the player will receive the salary in the option year in the event that he’s waived before he has a chance to decide on the option.

The presence of player and early termination options will no doubt come into play again as teams discuss trades between now and the February 19th trade deadline. All 33 player options for 2015/16 are listed below and rounded to the nearest $1K.

  1. LeBron James, Cavaliers: $21.573MM
  2. Brook Lopez, Nets: $16.744MM
  3. Kevin Love, Cavaliers: $16.744MM
  4. Dwyane Wade, Heat: $16.125MM
  5. Eric Gordon, Pelicans: $15.514MM
  6. Roy Hibbert, Pacers: $15.514MM
  7. Al Jefferson, Hornets: $13.5MM
  8. David West, Pacers: $12.6MM
  9. Luol Deng, Heat: $10.152MM
  10. Thaddeus Young, Timberwolves: $9.972MM (early termination)
  11. Jeff Green, Celtics: $9.2MM
  12. Monta Ellis, Mavericks: $8.72MM
  13. Arron Afflalo, Nuggets: $7.5MM
  14. Goran Dragic, Suns: $7.5MM
  15. J.R. Smith, Knicks: $6.4MM
  16. Gerald Henderson, Hornets: $6MM
  17. Paul Pierce, Wizards: $5.544MM
  18. Chase Budinger, Timberwolves: $5MM
  19. Corey Brewer, Timberwolves: $4.905MM
  20. Jared Dudley, Bucks: $4.25MM (early termination)
  21. Raymond Felton, Mavericks: $3.95MM
  22. Kirk Hinrich, Bulls: $2.855MM
  23. Mike Miller, Cavaliers: $2.855MM
  24. Jameer Nelson, Mavericks: $2.855MM
  25. Steve Blake, Trail Blazers: $2.17MM
  26. Jordan Farmar, Clippers: $2.17MM
  27. Danny Granger, Heat: $2.17MM
  28. Alan Anderson, Nets: $1.333MM
  29. Cartier Martin, Pistons: $1.271MM
  30. Brandon Rush, Warriors: $1.271MM
  31. Al-Farouq Aminu, Mavericks: $1.101MM
  32. Ed Davis, Lakers: $1.101MM
  33. Garrett Temple, Wizards: $1.101MM

The Basketball Insiders salary pages and Larry Coon’s Salary Cap FAQ were used in the creation of this post.

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2 Comments on "Largest Player Options For 2015/16"

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rxbrgr
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rxbrgr
1 year 9 months ago
Great compilation, thanks. Here’s a hypothetical conundrum I can foresee for Kevin Love. Is there any reason for him to exercise his option and wait for the cap jump in the 2016 offseason? Or is there any reason for him to decline the option and sign a max one-year deal, a la LeBron, again waiting for the next offseason/cap jump? He could decline, sign the one-year deal w/ pl. opt. and then the Cavs would still have his Bird Rights. However, if he isn’t sold on Cleveland, as some sources say, and wants to jump to L.A. let’s say on… Read more »
HoopsRumors
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HoopsRumors
1 year 9 months ago
If I were Love, I’d opt out, since the maximum salary for a player of his experience will almost certainly be greater than the value of his player option. And I wouldn’t be too concerned about Bird rights. Non-Bird rights allow teams to pay up to 120% of what the player was making previously, or the player’s maximum salary, whichever is less. So while it’s conceivable that the max could jump more than 20% in one season (which seems unlikely even considering all the drastic predictions for the cap and max salaries in 2016), Love would most likely be able… Read more »
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