Although new Cavaliers guard Kevin Pangos has no years of NBA service under his belt, he’s not receiving the rookie minimum on his new two-year deal with the team. As Keith Smith of Spotrac tweets, Pangos’ guaranteed first-year salary is $1,669,178, while his non-guaranteed second-year salary is $1,752,637.
Interestingly, while they don’t align with the rookie minimum, those two figures do show up on our minimum-salary chart for this season. Pangos’ first-year salary is the equivalent of the minimum salary for a player with two years of NBA experience. His second-year salary is the equivalent of the second-year minimum salary for a player who currently has one year of NBA experience.
Here are a few more contract details from around the league:
- Dante Exum‘s new three-year deal with the Rockets is even more complicated than initially reported. Exum’s base salaries increase by 8% annually ($2.5MM, $2.7MM, and $2.9MM), while his likely bonuses decrease by 8% per year ($2.5MM, $2.3MM, and $2.1MM). Exum also has some unlikely incentives which increase by 8% annually ($375K, $405K, and $435K). In total, his three-year deal could be worth as much as $16.215MM, but only his first-year base salary ($2.5MM) is guaranteed.
- As Barry Jackson of The Miami Herald notes, several of the Heat‘s newly-signed contracts include up-front payments. For instance, Kyle Lowry can get $21.25MM of his $26.98MM salary for 2021/22 by opening night, rather than receiving it in equal installments all season. Jimmy Butler‘s extension also features a substantial advance payment, while Duncan Robinson and P.J. Tucker are entitled to more modest ones.
- Speaking of Robinson, the final year of his new five-year contract with the Heat isn’t just an early termination option — it’s also only partially guaranteed. That means even if he opts into his fifth year, the Heat could save $10MM of his $19.888MM salary by waiving him. However, Robinson’s fifth-year salary would become fully guaranteed if Miami wins a title by that point and he meets certain minutes and games-played thresholds.