Aldridge’s 2020/21 Salary Guarantee Becomes Official Today

New Year’s Day 2020 has special meaning for Spurs big man LaMarcus Aldridge. His $24MM contract for next season becomes fully guaranteed if he remains on the team’s roster through 5 PM EST, Marc Stein of the New York Times tweets.

Aldridge’s salary guarantee was originally scheduled for June 29, 2020 but the two parties agreed to move up the date to January 1 in October.

Aldridge isn’t going to be waived. The club pledged to agent Jeff Schwartz during training camp that they would fully guarantee his client’s 2020/21 salary. However, that guarantee doesn’t become official until Wednesday afternoon.

Aldridge’s salary for next season had previously only been partially guaranteed for $7MM, per Basketball Insiders’ contract data.  Aldridge, who is making $26MM this season, remains on track to reach unrestricted free agency in 2021.

The Spurs will remain significantly below the projected cap for 2020/21 even with Aldridge’s salary added but that comes with a major asterisk. They’ll move over the cap in salary guarantees if DeMar DeRozan opts into his $27.7MM contract for next season.

Aldridge, 34, is having another solid season for San Antonio. He’s averaging 19.4 PPG, 7.7 RPG, 2.5 APG and 1.9 BPG in 30 games this season while playing 33.0 MPG. He posted 21.3/9.2/2.4/1.3 in the same categories last season.

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