Nerlens Noel‘s three-year deal with the Knicks – reported last week to be worth $32MM – actually has a lower base value than expected, according to ESPN’s Bobby Marks, who said in an Instagram video that the deal starts at $8.8MM.
Keith Smith of Spotrac tweets the year-by-year breakdown of Noel’s contract, which has a third-year team option and is worth $27.72MM in total. The agreement includes $4MM in total unlikely incentives, says Smith. If the Knicks center doesn’t earn any of those incentives and doesn’t have his third-year option picked up, he’d end up earning a little over $18MM for two seasons.
Here are a few more new contract details from around the NBA:
- Sam Dekker‘s one-year, minimum-salary contract with the Raptors features a partial guarantee worth $350K, according to Smith (Twitter link). Dekker’s salary will become fully guaranteed if he makes Toronto’s regular season roster.
- Jeremiah Robinson-Earl‘s four-year contract with the Thunder includes fully guaranteed salaries of $2MM apiece in the first two seasons, followed by a non-guaranteed third year and a fourth-year team option, per Marks (Instagram video). It’s the same structure Oklahoma City used a year ago to sign another early second-round pick, Theo Maledon.
- The Pistons completed the signing of Cory Joseph – which became official on Tuesday – using the room exception after using up their cap space, according to Marks (Instagram video). Joseph got $10MM over two years, with a second-year player option.