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.