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How about we offer Derrick Favors an early extension?

Non rookie extensions were all but killed off in the last CBA. Kind of surprised a guy like Locke who usually is up to speed doesn't know this.
 
Jazz4ever said:
Non rookie extensions were all but killed off in the last CBA. Kind of surprised a guy like Locke who usually is up to speed doesn't know this.
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This is not an extension. It's a renegotiate then extended. It's from the new CBA.
 
Stifle Tower said:
I really doubt he signs for under $18M. He's one of the top 2-way bigs in the league. He's eligible for a 30% contracts. Not saying he's a max player and will get that much, but some team with cap space could offer him $25M or more. He's the perfect 5 with the way the league is evolving. I'd say getting him for under $25M/per should be considered a real bargain. And I'm saying this with the mindset of a cap at $100M+.

I do like the idea of giving him more sooner. Jazz are going to need all the cap room they can get in '18/'19, unless Hayward leaves. If Favors would agree to say, $20M/per, that might set an example for Gordon. Maybe Hayward would also give the Jazz a discount to keep the team together when he opts out.
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Derrick is not eligible for 30% of the cap until after next season, when he has 7 years of service in the league. With his current contract, he is scheduled to make $23 million combined over the next two years. If he lets the contract run out and gets a max contract in 2018, he will make 30 million in 2018 in 32 million in 2019, with the cap predicted to be at $100 million when his contract runs out. Over these four years, he will then make around $85 million. Now, if we were willing to give him the max now, he would make 22 and a quarter next year with the salary cap set to be about $89 million and him being eligible for 25% of the cap. Hit 7,5% raises, he would make $99 million over the next 4 years, $14 million more than he can maximally make if he opts for free agency in 2018.
 
With the new CBA, we can offer up to £23 million more to Derrick over the next 2 years than what he is earning under his current contract. I guess for him the question is if he wants more money now or gamble on him being a healthy max player in 2018. Even if he is, he would still have to make up the difference on that contract compared to the last two he will get on an extension now and the contract he can sign in 2020 as a free agent.
 
Hedda Gambler said:
With the new CBA, we can offer up to £23 million more to Derrick over the next 2 years than what he is earning under his current contract. I guess for him the question is if he wants more money now or gamble on him being a healthy max player in 2018. Even if he is, he would still have to make up the difference on that contract compared to the last two he will get on an extension now and the contract he can sign in 2020 as a free agent.
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Linky?
 
Jazz4ever said:
Linky?
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Here, @ 61.

61. Can existing contracts be renegotiated?

A contract for four or more seasons can be renegotiated after the third anniversary of its signing, extension, or previous renegotiation (if the previous negotiation increased any season's salary by more than 4.5%). Contracts for fewer than four seasons cannot be renegotiated. A contract cannot be renegotiated between March 1 and June 30 of any year.

Only teams under the cap can renegotiate a contract, and the salary in the then-current season can be increased only to the extent that the team has room under the cap (and cannot increase the player's salary beyond the maximum salary). A renegotiation can only be used to provide a salary increase -- players can't take a "pay cut" in order to create more cap room for the team.

If the player agrees to waive a portion of his trade bonus in order to facilitate a trade (see question number 99), his contract may not be renegotiated for six months following the trade.

Every category of compensation (base salary, likely bonuses, and unlikely bonuses) that are increased in the renegotiated season must also increase in all subsequent seasons of the contract. Raises (and decreases) in subsequent seasons are limited to 7.5% of the salary in the first renegotiated season.

A renegotiated contract can be extended simultaneously (see question number 60). If a player's contract is extended and renegotiated simultaneously in this manner, his salary may not decrease by more than 40% from the last season before the extension (after it is renegotiated) to the first season of the extension. For example, if the salary in the last season of a contract is renegotiated to $10 million and the contract is simultaneously extended, the salary in the first season of the extension cannot be less than $6 million.

Other rules for renegotiations:

A signing bonus cannot accompany a renegotiation unless the contract is extended simultaneously (see question number 60).
A rookie scale contract (see question number 49) cannot be renegotiated.
A contract cannot be renegotiated in conjunction with a trade.
 
Stifle Tower said:
I really doubt he signs for under $18M. He's one of the top 2-way bigs in the league. He's eligible for a 30% contracts. Not saying he's a max player and will get that much, but some team with cap space could offer him $25M or more. He's the perfect 5 with the way the league is evolving. I'd say getting him for under $25M/per should be considered a real bargain. And I'm saying this with the mindset of a cap at $100M+.

I do like the idea of giving him more sooner. Jazz are going to need all the cap room they can get in '18/'19, unless Hayward leaves. If Favors would agree to say, $20M/per, that might set an example for Gordon. Maybe Hayward would also give the Jazz a discount to keep the team together when he opts out.
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I agree that he is not worthy the max and I'm keen to the idea of extending him early, but I think his health may prove to be an issue. Perhaps the Jazz should wait until the end of next season to try and extend him. This way they could better assess his durability.

You said that Favors is "perfect 5 with the way the league is evolving" which, if true, would make Gobert expendable. I don't have the stats to back it up, but from watching the games it seems to me that Favors is a much better defender at the 4 than at the 5. His defensive prowess at the 5 spot seems hindered by his relative lack of size and/or strenght at the position. Thus, I think the Jazz should keep in mind that they will need to extend Gobert as well, in which case it would really be better to avoid overpaying Favors.
 
Hedda Gambler said:
Here, @ 61.

61. Can existing contracts be renegotiated?

A contract for four or more seasons can be renegotiated after the third anniversary of its signing, extension, or previous renegotiation (if the previous negotiation increased any season's salary by more than 4.5%). Contracts for fewer than four seasons cannot be renegotiated. A contract cannot be renegotiated between March 1 and June 30 of any year.

Only teams under the cap can renegotiate a contract, and the salary in the then-current season can be increased only to the extent that the team has room under the cap (and cannot increase the player's salary beyond the maximum salary). A renegotiation can only be used to provide a salary increase -- players can't take a "pay cut" in order to create more cap room for the team.

If the player agrees to waive a portion of his trade bonus in order to facilitate a trade (see question number 99), his contract may not be renegotiated for six months following the trade.

Every category of compensation (base salary, likely bonuses, and unlikely bonuses) that are increased in the renegotiated season must also increase in all subsequent seasons of the contract. Raises (and decreases) in subsequent seasons are limited to 7.5% of the salary in the first renegotiated season.

A renegotiated contract can be extended simultaneously (see question number 60). If a player's contract is extended and renegotiated simultaneously in this manner, his salary may not decrease by more than 40% from the last season before the extension (after it is renegotiated) to the first season of the extension. For example, if the salary in the last season of a contract is renegotiated to $10 million and the contract is simultaneously extended, the salary in the first season of the extension cannot be less than $6 million.

Other rules for renegotiations:

A signing bonus cannot accompany a renegotiation unless the contract is extended simultaneously (see question number 60).
A rookie scale contract (see question number 49) cannot be renegotiated.
A contract cannot be renegotiated in conjunction with a trade.
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I was reading an article about Lowry and it sounded like it had to be based on the current salary. Here they act like no way in hell he would be extended even with renegotiation. He was extended I remember, for alot more than 6-7 million a year so I think you're right, this article just had it all wrong.

https://www.thescore.com/news/506236

Here is the meat of the article if you don't want to read it all

Toronto has no cap space, and thus is not able to offer a renegotiation/extension combination. Even if it was (and we pretended it was not yet March 1st), the new rules necessitate the extension would be too small to be suitable. An extension without a renegotiation would have to start at a mere $6,675,750 with 7.5% raises for a maximum of three additional years (a total of $21,529,294) - an extension with a 10% renegotiation (thereby boosting Lowry's $6.21 million contract to $6,821,000 this season) would not be much bigger, limited to $7,343,325 with the same 7.5% raises for the same three additional years, a total of $23,682,223. Lowry, worthy of more than these figures, is thus not an extension candidate.
 
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