Burke’s three-year contract with the Mavericks, initially reported as a $10MM deal, actually has a total value of $9.45MM, starting at $3MM in 2020/21, per Smith. However, it does include a third-year player option and a 7.5% trade kicker, which would provide Burke with a modest bonus if he’s dealt before the contract expires.
Terry, meanwhile, will get a first-year salary of about $1.29MM, well above the rookie minimum. The final three years will be all be worth the minimum, with a team option on the final season, according to Smith. In total, Terry’s four-year contract with the Mavericks is worth $6.52MM, with $4.59MM in guaranteed money.
Here’s more from around the Southwest:
- The Rockets‘ four-year deal with KJ Martin (aka Kenyon Martin Jr.) is worth the minimum and is fully guaranteed in 2020/21 only, tweets Smith. His salaries for the three subsequent seasons will become guaranteed two days before the start of the offseason moratorium of each new league year.
- Derrick White (recovering from toe surgery), Quinndary Weatherspoon (knee surgery), and Keldon Johnson (foot ailment) won’t be available when the Spurs begin practicing in the coming days, head coach Gregg Popovich said this week (link via Jeff McDonald of The San Antonio Express-News). “I’m not sure exactly when they are coming back, but they won’t be there in the beginning,” Popovich said.
- After signing a two-way contract as an undrafted rookie last season, Grizzlies guard John Konchar parlayed a strong first-year audition into a four-year deal with the team this fall. As Evan Barnes of The Memphis Commercial Appeal writes, Konchar got on FaceTime with his mother immediately after agreeing to terms with the club. “It seemed like she was about to cry. I mean, the feeling was just amazing,” Konchar said.