A “SuperMax” Extension or also known as the Designated Player rule allows for an NBA player to receive increased compensation based on certain criteria being met.
How much is a supermax contract in the NBA?
NBA supermax contracts pay stars at least $200 million to stay with their teams — but they’re backfiring as often as they work out. The NBA and players union created a contract option known as the “supermax” to allow teams to pay significantly more than the competition to keep their best players.
Which NBA players have a Supermax contract?
It’s also been true with the supermax itself. With Giannis now in the club, six NBA players have signed a supermax extension: Stephen Curry, Damian Lillard, James Harden, Russell Westbrook, John Wall and now the Bucks’ superstar. Curry and Lillard remain with those teams.
How does Supermax work in NBA?
It allows players with 7-9 years of experience, who would normally qualify for a maximum starting salary of 30% of the cap, to qualify for a “super-max” contract that starts at 35% of the cap, a level normally reserved players with 10+ years of experience.
Do NBA players get paid weekly?
Do NBA players get paid per game? NBA players typically get paid bi-weekly during the season, but they have the right to negotiate a different payment schedule on an individual basis. … 80% is is the maximum amount a player’s salary can be paid out in a lump sum, according to the LA Times.
Is Luka eligible for a Supermax?
The 7-foot German is now a consultant for the team. The 22-year-old Doncic was an All-Star in his second and third seasons after being named Rookie of the Year in 2018-19. He’s also been first-team All-NBA twice, which makes Doncic the first player eligible for a supermax extension off his rookie contract.
How do you qualify for Supermax?
Must be entering his eighth, ninth or 10th year. Must either win MVP in one of three most recent seasons OR. Win Defensive Player of the Year in most recent season or two of the past three seasons OR. Make an All-NBA team in the most recent season or two of the past three seasons.
What is the max rookie contract in the NBA?
The NBA rookie contract scale offers teams a bit of flexibility. They can pay as little as 80% of the scale value and a maximum of 120% under the CBA.