Three 2017 Free Agents Signed Five-Year Contracts

The NBA’s current Collective Bargaining Agreement is designed to give teams certain benefits when it comes to re-signing their own free agents. Many players who reach free agency, for instance, are permitted to get 8% annual raises from their own teams, while they can only get 5% raises from another team. More notably, Bird rights free agents can sign five-year contracts with their own teams, but can only go up to four years with other clubs.

In some cases, that extra year doesn’t make much of a difference. For instance, Gordon Hayward left Utah for Boston and signed a four-year contract with the Celtics, even though the Jazz likely would have been willing to do a five-year max.

Still, for at least a small handful of players, that five-year contract may have played a part in their decisions to return to their own teams. As our Free Agent Tracker shows, three free agents signed five-year deals this year, and all three of those contracts were worth at least $131MM. One was a maximum salary pact, and another was very close to the max.

Here are those five-year contracts, which will run through the 2021/22 season:

• Stephen Curry (Warriors): Five years, $201,158,790 (maximum salary)
• Blake Griffin (Clippers): Five years, $171,174,820 (fifth-year player option)
• Jrue Holiday (Pelicans): Five years, $131,100,000 (fifth-year player option)

Curry was never a threat to leave Golden State, but Griffin and Holiday reportedly drew interest from several other teams. The Suns were believed to be eyeing Griffin, while Holiday was said to have received interest from the Mavericks, Knicks, and others. However, the fact that those players’ old teams were willing to offer five years likely made negotiations much simpler, since no rival suitor could offer that fifth year.

Although neither Griffin nor Holiday received the max from their respective teams, they’ll both earn more money over five years than any other team could have offered over four — Holiday’s deal is believed to include unlikely incentives that could increase its total value to $150MM.

Meanwhile, Griffin and Holiday also received fifth-year player options, which gives them a safety net for the summer of 2021. If they’re still playing at a high level at that point, it might make sense to opt out and sign a new, longer-term contract. If their production has slipped, or if they’re battling injuries, they’ll have the option of remaining in their current contract and collecting a big pay check in that fifth year.

The ability to offer an additional year to their own free agents hasn’t always prevented teams from losing top-tier players on the open market, but there are still a few instances where that fifth year seems to make a difference. In 2017, there may have only been a couple scenarios where that fifth year was a difference-maker, but the Clippers and Pelicans are likely happy that it remained written into the new CBA.