The Pistons will not be using the stretch provision on DeAndre Jordan‘s contract, according to James Edwards III of the Athletic (via Twitter). In a follow-up tweet, Edwards says that Jordan was officially waived today.
Edwards notes that Jordan gave back $4MM of the $19.7MM that was left on his contract in his buyout agreement with Detroit. As a result, his base salary will by lowered by $2MM each season, resulting in cap hits of approximately $7.9MM per year.
The deadline to use the stretch provision on a player’s 2021/22 salary is September 11, per ESPN’s Bobby Marks, so the Pistons had the option of stretching Jordan’s remaining salary across five years instead of two, which would’ve resulted in annual cap hits of about $3.15MM, creating more short-term financial flexibility at the cost of long-term freedom. As Edwards observes, Detroit should still have plenty of cap space to utilize in both 2022 and 2023.
A fairly recent example of a team utilizing the stretch provision is the Lakers, who still have Luol Deng‘s $5MM on the books this season after waiving and stretching Deng in 2018 in order to create the necessary cap space to sign LeBron James. Coincidentally, Jordan is expected to sign with the Lakers after clearing waivers.
It will be interesting to see how general manager Troy Weaver plans to utilize the Pistons’ cap space in future seasons to build around the team’s intriguing core of 2021 No. 1 overall pick Cade Cunningham, Killian Hayes, Hamidou Diallo, Saddiq Bey, Jerami Grant, and Isaiah Stewart. With Blake Griffin‘s dead money coming off the books at the end of this season, the Pistons could operate under the cap next summer and could create significant cap space in the summer of 2023.
Without accounting for the cap holds for 1st round picks, DET will be (by my calculation) approximately $28M below the cap in 2022 and $74M below the cap in 2023.
This team gonna surprise people if they can get decent C play.
The surprise will be if the over-the-hill gang manages to stay healthy with ten players 32 or older, or nine without Gasol. The only decent center on the team will be AD, both Howard and Jordon will only clog the middle and should hardly play at all in the postseason. Davis will be forced into playing more at center, and will also have to play more defense than he wants to.
For a robohouston, everyone must be whispering about the Lakers and he can’t make out exactly what they’re saying. But darn it, he has his commands, so belittle them he must, even after a Pistons article.
He can’t even troll them correctly by misspelling Jordan’s last name.
They were talking about the Pistons
Ok now hopefully DeAndre Jordan clears waivers today so that he can signed!!!
Go Lakers
Go DeAndre Jordan
Lakers Fan For Life
Not sure how excited I’d be if my team signed DeAndre Jordan at this point of
his career. He couldn’t get minutes on the Nets even after Jarrett Allen was traded and LaMarcus Aldridge was forced to retire.
I don’t think Jordan has much left in the tank to offer a contender besides his 6 fouls per game.
Couldn’t get minutes because they went small ball. He looked good last year for the most part. Small ball is dead. Lakers won in 20, bucks in 21.
I’m a firmed believer that DeAndre Jordan will prove everyone wrong who has said that he’s washed up .
A change of scenery will help DeAndre rejuvenate his inner drive to exceed.
Go DeAndre i have faith in you.
Go Lakers
Lakers Fan For Life
I know being the backup backup big would motivate me more than over $10 million a year to hang out one of my best friends, especially when I was given opportunity to start.
I don’t think a change of scenery is going change anything. Jordan has always shown will, ambition and drive. It’s just that his body is failing him.
He sucks. Lakers suck.
They can have all the cap room in the world. Top tier free agents aren’t coming to Detroit. Nobody willing comes to Michigan and as a life long resident, I don’t blame em. The state as a whole is essentially America’s armpit.
While I agree with you somewhat, being from Michigan myself(Detroit) having left and not returned for many years. The Pistons will do WELL with theircap space in 2023. A number of good FA who will boost this team are available. Brogdon and Van Vleet can immensely help this team 2 yrs from now and will definately sign a big contract in Detroit. Also Zion will be a RFA maybe he might like the idea of playing with Cade and they can work a sig and trade with NO not to match.
As a life long resident, I rather live here than any southern state like Mississippi, Louisiana, Alabama, Georgia, Arkansas, Texas, where just walking around being dumb is normal.