Booker likely to earn $60 million a year during Supermax expansion, but more likely

When your favorite NBA shooting guard Devin Booker made the All-NBA team this year — the first team, in fact — he became eligible for a ‘Supermax’ expansion worth 35% of the 2024-25 salary cap, followed by 8% each year. increased after that.

Phoenix Sun Immediately Book offered that deal and Book immediately signed it.

For Devin Booker and close friend Karl-Anthony Towns Minnesota TimberwolvesThose who were both drafted in 2015 and signed to the same-named Veterans Max expansion this summer, that expansion could easily include salaries that top $60 million per year.

All-NBA pairings are currently speculated to be 7th highest paid player in the NBA In the 2024–25 season, behind only Stephen Curry, Kevin Durant, Joel Embiid, Jimmy Butler, Nikola Jokic and Bradley Beale.

If GM James Jones gets his way and acquires Kevin Durant, the Sons will have two of the game’s seven highest-paid players two seasons from now.

A total of 18 players are currently set to earn at least $40 million in the 2024-25 season, and that’s still two years away. By the summer of 2024, the number of players could double to $40 million.

The most any one player can earn under the NBA’s collective bargaining agreements with players is 35% of the league’s salary cap. These are not the old days like in the 90s, where Michael Jordan’s final contract with the Bulls for the 1997–98 season worth $33 million was more than 100% of that year’s cap.

After 10 years in the league, 35% can be reached if you made the All-NBA, Defensive Player of the Year or League MVP in the most recent season – check this out Spottrack article for more detail on recency rules,

For players like Booker & Towns, with 7-9 years in the league, the only way to reach that 35% is if you meet the criteria above and another rule: You’ve passed through the entirety of your current contract. Must have played for the same team (ie post-rookie-scale contract).

To spottrack.com, Booker’s expansion is estimated to be valued at $224 million. It is using the estimated salary cap number of $143 million in 2024-25 as a starting point.

However this 2024-25 cap number is just a projection. Currently, this is based on an increase of $10 million per year from today’s limit, but some estimates league Increase the cap by 10% p.a. Because their revenue is much higher than the estimates in the last twelve months.

$60 million?!?!

If the limit is increased by 10% per annum for the next two years, then Booker’s salary will be higher:

  • $52.37 M
  • $56.6 M
  • $60.75M
  • $64.94 M

About $65 million in four years! To a player!?!?!? Are you choking on your food yet?

but things are not as they seem

Don’t choke Turn that bile into a smile, Sun fans.

Booker’s salary numbers will be locked in during the final year of this current TNT/ESPN television deal, a year before a new deal begins that could triple in size.

According to CNBC’s Jabari Smith, the NBA is hoping to sign a new $75 billion TV rights deal that will begin in the 2025–26 season. This dwarfs the current deal which was $25 billion, or $2.6 billion a year. This current deal lasts till the 2024-25 season.

If the league’s revenue on TV rights triples in 2025-26, the wage limit could increase by more than 10%. Remember, the range of players’ salaries is based on roughly half of the league’s basketball-related income, and the majority of the income has been TV rights. Triple those TV rights and you can only assume that the players’ share of those rights will at least double, if not triple, right? Why would players suddenly agree to less than a share, just because the money is moving?

No one knows what will happen with the 2025-26+ salary cap per team, but remember the last time the league signed a new huge TV deal… and the league’s best team, the Warriors, suddenly had a full The price cap room to add Kevin freaking Durant to his lineup via free agency.

What I do know is this: a salary that seems huge today will not seem that big in 2025.

Booker’s estimated $56 million 2025-26 salary – closed before the ballooning cap – could be only 20% of that year’s cap instead of 35%. For perspective, it’s like paying to book Mikal Bridge.

It is possible that the league will raise the 2024-25 limit earlier to ease the cap jump, so there is no 40-50% increase on the cap in a season. But if these owners are not getting any more money by 2025, why will they give more to the players?

reminder:

  • 30 NBA ‘Governors’ Get to Keep 51% of Basketball-Related Income (Sure, They’re Needed to Pay Expenses With That Money, But Let’s Not Pretend That Aren’t Too Much)
  • 450 NBA players get to share another 49% among themselves

The disparity is startling.

The bottom line is that, while you might be choking on your wheat in the book, probably getting $60+ million in each of the last two years of his expansion, it’s likely that his $60 million is a lot more than 35% of the cap. will be far weather. More likely, by then $60 million would only be 15-20% of Sun’s cap, which could easily exceed $200 million.

Now imagine how little Ayton’s $35 million or Michal Bridge’s $24 million would look like in 2025-26. At only 10ish% of a prime bridge cap? Yes, please.

All is not lost for Book, DA and Bridge though

Neither Booker, Ayton or Bridges included player options in their contracts, so they are currently locked in a pay based on this TV deal.

However, the CBA currently offers limited capabilities. ‘Re-negotiate and expand’ On the back end of a deal. The rules around renegotiation are currently very narrow – enough that there was not a proper avenue for the Spurs and DeJonte Murray – but could be expanded significantly in the new CBA (the current CBA expires in the summer 2024 season). Scrambling a year before new TV money). Due to the expected massive cap increase, we may see a new ‘renegotiate and expansion’ that is based on player value, not just the % increase on their current deal.

That’s the only way many of these players already under contract will be able to taste some of that new money before their deals expire.

Imagine that Prime Book, 30, renegotiated the final year of his contract for something in the range of $80-90 million?

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