After word broke last week that the Nets had reach agreements to sign Kevin Durant and Kyrie Irving to four-year, maximum-salary contracts, a follow-up report indicated that the two stars would take less than the max to accommodate DeAndre Jordan‘s four-year, $40MM contract with Brooklyn.
That’s still the case, but turning the acquisition of Durant into a sign-and-trade deal helped allow the Nets to give both of its new stars deals that could still be worth up to the max, via incentives. ESPN’s Zach Lowe and Bobby Marks have the specific details on those contracts, explaining that each player has about $1MM annually in incentives. Irving’s are considered “unlikely” and don’t current count toward his cap hit, while Durant’s are viewed as “likely” and are included in his current cap charge.
Irving’s contract, which has a fourth-year player option, as previously reported, has a base value of of $31,720,000 in year one, according to ESPN, which is $1MM shy of Kyrie’s max. The deal features eight separate incentives worth $125K apiece — they’ll be worth slightly more in each of his future seasons as the value of the contract increases.
He can earn $125K bonuses in 2019/20 for meeting the following benchmarks, for up to $1MM in total:
- Appear in 70 or more regular season games.
- Commit fewer than 2.4 turnovers per game (must appear in 60+ regular season games).
- Attempt at least 4.6 free throws per game (must appear in 60+ regular season games).
- Shoot at least 88.5% from the free throw line.
- Make at least 2.8 three-pointers per game.
- Commit fewer than 2.1 fouls per game.
- Nets score at least 114 points per 100 possessions with Irving on the floor in the regular season.
- Nets allow fewer than 106 points per 100 possessions with Irving on the floor in the regular season.
For more details on the odds of Irving (and the Nets) reaching those marks, be sure to check out ESPN’s breakdown.
As for Durant, his contract – which also features a fourth-year option, as previously noted – features simpler incentives.
KD’s likely $1MM bonus will be earned if any one of the following four criteria are met, according to ESPN:
- The Nets make the playoffs.
- The Nets win at least 43 games.
- Durant appears in at least 50 games.
- Durant makes the All-Star team.
Durant is expected to miss the entire 2019/20 season, so the last two benchmarks won’t be possible, but the first two are very realistic possibilities.
Depending on whether Irving and Durant reach their incentives this season, this year’s cap hits could be retroactively adjusted. Future cap hits could also be altered, depending on whether those incentives are still considered likely or unlikely after 2019/20.