Some further details on Hayward’s offer sheet, assuming the figures reported by Wojnarowski and others are true:
Hayward would receive $14,756,881 in year 1 of the deal, $15,420,940 in year 2, $16,085,000 in year 3, and $16,749,060 in year 4.
Should Hayward receive a player option as reported, his deal would be for 3 years, $46.25 million if he opted out of year 4.
After opting out prior to year 4, Hayward would be eligible to receive a higher maximum deal (for 30% of the cap level, rather than just 25%), since he would have 7 years of service time in the NBA. 3
Hayward would join 27 other current NBA players with a 15% trade kicker.
The trade kicker would mean Hayward would be due a 15% bonus 4 upon the completion of a trade sending Hayward to another team. That bonus would be paid for by the Jazz (or Hornets, if the Jazz choose not to match) under the new CBA.
However, that trade bonus cannot extend Hayward’s salary beyond the maximum player salary. In year 1, he would receive no bonus should a trade occur. In year 2-3, he would only be eligible to receive a bonus if the cap grew by more than the 4.5% raises Hayward is receiving in the offer sheet. In year 4, if he chose to opt in, he would be eligible to receive a trade kicker in the prorated amount of 15 percent multiplied by the $16.75M salary owed to him.5 This is different than years 1-3 because Hayward would, at that point, be a 7 year veteran, eligible to receive more money.
Hayward could choose to waive the trade bonus at any time if he chose to. He could conceivably do this in order to facilitate a trade.
If the Jazz match, Hayward must consent to any trade involving him for a period of 1 year. He could not be traded to Charlotte for 1 year, even if he wanted to be.