KG Discount

by Jeff Clark on Aug 1, 2007 4:58 AM EDT in Boston Celtics News & Links

It is amazing to think about these numbers as a "discount" but they are much lower than the max he could have gotten. Marc Stein reports:

Salary figures obtained by ESPN.com show that Garnett's salary will be $14.7 million in the 2009-10 season, $17.1 million in 2010-11 and $19.5 million in 2011-12, when he'll be 36. Garnett was already scheduled to earn $22 million and $23 million over the next two seasons.
(For salary-cap purposes, however, his salary in each of those years will jump by $1.75 million to account for the trade kicker, making it $23.75 million for 2007-08, $24.75 million for 2008-09, $16.4 million for 2009-10, $18.8 million for 2010-11 and $21.2 million for 2011-12.)

Tweet Comment 6 comments | 0 recs |

Do you like this story?

Comments

That means that in 3 years, Jefferson’s salary will probably be similar or higher than Garnett’s one.

by Galiza Ceive on Aug 1, 2007 5:17 AM EDT reply actions

meaning he makes slightly more than raef, theo or vin baker did.
something tells me they’ll get more for their money this time.

by cons on Aug 1, 2007 6:39 AM EDT reply actions

This is worth every penny ;D

by Sean0299 on Aug 1, 2007 7:42 AM EDT reply actions

Thank you, KG.

by Eeyore III on Aug 1, 2007 7:51 AM EDT reply actions

The important thing we heard all the time before this deal was that Boston was mortgaging the future. This move could backfire, the way any team’s season could go ka-boom if its best player went down. (Spurs – Tim Duncan = Not the Spurs Anymore) But looking at the Celtics obligations (from the NBA Trade Machine) … besides KG, ONLY Pierce and Perk are signed for the next 4 years. Which means, after this 3 year window of opportunity has passed, the Celtics, if Danny plays this correctly, could still end up UNDER THE CAP, and after 4 years (when Pierce comes off the books) they WILL be under the cap if they play their cards right.

by sk7326 on Aug 1, 2007 8:21 AM EDT reply actions

So basically it is about 21 million dollars a year over the next 5 years- not great, but not awful either- especially since there was talk of a 5 year 125 mill deal- they essentially “save” 20 mill or 4 mill a year…

by jambr380 on Aug 1, 2007 9:07 AM EDT reply actions