I'm totally bamboozled right now.
The maximum amount of money a player can sign for is contingent on the number of years that player has played and the total of the salary cap. The maximum salary of a player with 6 or fewer years of experience is $9,000,000 or 25% of the total salary cap (2009-10: $14,472,500). For a player with 7–9 years of experience, the maximum is $11,000,000 or 30% of the cap (2009-10: $17,310,000), and for a player with 10+ years of experience, the maximum is $14,000,000 or 35% of the cap (2008-2009: $20,195,000).
With that being said, We all know Lebron will have an opt out in his contract that he will exercise after 3 years so he can be grandfathered...(35% of the cap with annual increase of 10.5%)
if so, then he will only be leaving 1.3 million on the table to join another team. most media outlets talk about Lebron leaving 30 mil on the table but thats mostly based on the last year the cavs can give him.
cavs can give him 10.5% increases each year while other teams can give him 8%.
cavs other teams
year 1 16.5 16.5
year 2 18.2 17.8
year 3 20.1 19.2
if he doesn't opt out and signs an extension with cleveland he will be making 17.1 in 2010 vs 16.5 in 2010.
so if its about the money..... why opt out Lebron????
sign an extension like kobe and gasol did
money doesnt matter to lebron. he has his own shoe, and mad billboards -_-
That's an absolutely false statement.
no i mean in terms of the difference between staying with the cavs versus going to the knicks...
hes the best player in the league and would obviously wanna be paid like it. it would be a slap in the face to see guys like bosh and wade play for max money and him having to settle for less...the idea of being a "max player" def means something to these guys, everybody has an ego in the nba.
LeBron would be stupid to stay
He has better opportunities to win somewhere else, better team, more ways to make money. aka NewYork