Free agent G Fred VanVleet has agreed on a three-year, $130 million contract with the Houston Rockets, @KlutchSports CEO Rich Paul and agent Erika Ruiz tell ESPN.
https://twitter.com/wojespn/status/1674941784219176960?s=19
27 points · 12 comments · view on lemmy.world
12 Comments
good_hunter@lemmy.world · 5 pts · 3y
I am new to the nba, I understood teams have a salary cap which prevented astronomical salaries within the sport. Anyone care to enlighten me?
Tavarin@lemmy.world · 6 pts · 3y
The NBA also has a salary floor, a minimum amount a team needs to spend. Houston was $50 million under the salary floor, so they overpaid Fred to cover most of the floor.
good_hunter@lemmy.world · 2 pts · 3y
That’s is just bonkers.
Tavarin@lemmy.world · 2 pts · 3y
The salary floor? It's to ensure the players make 50% of the NBA revenue. Without the floor it's hard to guarantee enough money is going to the players overall.
DTFpanda@lemmy.world · 4 pts · 3y
NBA salaries have become way too inflated. Makes it a tough fact to digest when watching these games.
OttoVonNoob@lemmy.ca · 3 pts · 3y
It's abit of a slim pickings year to be honest, your ether overpaying or have a prima donna.. As Raps fan FVV is underrated though. But Kyrie got less..
Tavarin@lemmy.world · 1 pts · 3y
Houston had to hit the salary floor, so they had lots of room to overpay.
DTFpanda@lemmy.world · 3 pts · 3y
NBA salaries have become way too inflated. Makes it a tough fact to digest when watching these games.
Jambalaya@lemmy.world · 2 pts · 3y
Wow. These salaries are crazy! Is this the first domino for Toronto to actually start rebuilding?
Oxrap@lemmy.world · 1 pts · 3y
Weak FA and they had to reach 90% of the salary cap. Perfect timing for Fred to get a massive bag.
Acat114@lemm.ee · 1 pts · 3y
Interesting fit for them if you ask me. Jalen Green and Amen seemed to be a back court of the future. If FVV doesn't fall off a cliff I suppose they could trade him after a year or two of Amen developing, but that's a huge number to move.
good_hunter@lemmy.world · 1 pts · 3y
thesalamander@lemmy.world · 1 pts · 3y
Damn that's a big bag. Happy for Fred.