Durant, James Lead All-NBA First Team

1:02pm: Haynes clarifies to Hoops Rumors that Lillard’s bonus comes from his shoe endorsement deal, not his NBA contract, so his cap hit remains the same for next season.

12:07pm: Lillard receives a $250K bonus for his third-team selection, reports Chris Haynes of CSNNW.com. Haynes doesn’t specify whether it was counted as a likely or unlikely bonus, but since Lillard signed the rookie scale contract just after going No. 6 overall in the 2012 draft, it’s almost certainly an unlikely bonus, meaning his cap figure for next season will receive a bump, just as with Noah.

11:27am: Kevin Durant, LeBron James, Joakim Noah, Chris Paul and James Harden make up the All-NBA First Team, the league announced. Stephen Curry, Blake Griffin, Kevin Love, Dwight Howard and Tony Parker are on the second team, while the third team is Al Jefferson, Paul George, LaMarcus Aldridge, Goran Dragic and Damian Lillard. The selection means George will earn roughly 27% of the salary cap next season, rather than 25%, as a result of the Derrick Rose Rule provision in his extension that kicks in for 2014/15.

Durant, the league’s MVP, was a unanimous first-team selection, while James received first-team nods from 124 of the 125 media voters. Curry was the highest vote-getter who failed to make the first team, collecting 65 first-team votes. The rest of the second team combined to receive just 30 first-team votes.

Carmelo Anthony came closest to making the teams among those who didn’t, followed by John Wall, Tim Duncan, DeMar DeRozan and Anthony Davis. A total of 22 players received first-team votes, while 39 got votes for at least one of the teams.

Noah’s first-team nod gives him a $500K bonus that was originally deemed unlikely. It’ll be added to his cap figure, but it probably won’t be enough to tip the Bulls over the luxury tax line this season, as they scrambled to make late season moves to avoid any scenario in which they would have to do so. The bonus will nonetheless impinge on Chicago’s cap flexibility for the summer ahead, since it will be counted as likely for 2014/15 and be a part of Noah’s cap hit, taking it from $12.2MM to $12.7MM.

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