When word of Richaun Holmes‘ new four-year contract agreement with the Kings first broke last week, his agency told Shams Charania of The Athletic that the deal was worth $55MM. That raised some eyebrows among cap experts, since that amount was significantly higher than what Sacramento could have realistically given Holmes using his Early Bird rights and the team didn’t have cap room available to get up to that number.
As it turns out, the $55MM figure was indeed a case of some very generous “rounding.” As Keith Smith of Spotrac confirms (via Twitter), the Kings gave Holmes the maximum they could using his Early Bird rights, which works out to about $46.52MM.
As we learned last week, the final year of the deal is a player option and it includes a 15% trade kicker. That trade bonus would increase Holmes’ earnings over the next four years if the Kings move him at some point, but even if they were to trade him as soon as he becomes eligible this season, he’d still fall short of $55MM.
Here’s more on the Kings:
- Terence Davis‘ new two-year, $8MM deal with the Kings has fully guaranteed cap hits of $4MM in each season, with no options, tweets Smith.
- Shaquille O’Neal has been named a brand ambassador for WynnBET and, as a result, will have to divest himself of his small ownership stake in the Kings, tweets Joe Pompliano of ReadHuddleUp.com. In his breakdown of the situation, James Ham of NBC Sports Bay Area says it’s possible O’Neal is part of the group of investors reported last month to be selling their 5% stake in the franchise to Dyal Capital.
- In case you missed it, a report this morning suggested that Kings GM Monte McNair may be feeling some pressure to make a major addition to the roster, with Ben Simmons and Pascal Siakam among the players on his radar.
Wow so Holme’s is making under $12m per then? If that was the price the Knicks should have made an offer rather than giving Noel essentially the same annual rate.
Perhaps teams have been overlooking impact in looking for functionality at least for centers.
Sacramento and Ben Simmons are perfect for each other.
If Ben would commit to being a forward than absolutely. Buddy, Bagley, and two 1sts seems like the best deal Philly could get. Fox, Ty, Holmes, Mitchell are all off limits. Something tells me that Ben only wants to play point though. His passing ability let’s him commit to that.
I’d take Ben in NY. Sixers would never let him go there. I actually think Kings can make a good offer for Ben. He can put Sacramento back on the NBA map. Like Webber did. I like Bagley next to Embiid. Halliburton, Bagley, Buddy makes the Sixers team to beat. I’d give up Maxey and they can throw in two picks.