Kyle Lowry‘s new three-year, $85MM contract with the Heat is a standard increasing deal, starting at about $26.98MM and rising annually by 5%, tweets Keith Smith of Spotrac.
Based on Lowry’s 2021/22 salary, we now know the value of the traded player exception the Raptors created in their sign-and-trade deal with the Heat, tweets Blake Murphy of The Athletic. That TPE will be worth $4,832,848, which is the difference between Lowry’s new salary and the combined cap hits of Goran Dragic and Precious Achiuwa.
Murphy also confirms that Khem Birch‘s three-year, $20MM deal with the Raptors is a standard increasing contract with no options or partial guarantees — it eats up about $6.35MM of Toronto’s mid-level exception, leaving $3.187MM on that MLE.
Here are more contract details from around the East, courtesy of Smith:
- As expected, the new deals for Max Strus, Omer Yurtseven, and Gabe Vincent with the Heat are each two-year, minimum-salary contracts with one year guaranteed and the second year non-guaranteed (Twitter link). P.J. Tucker, meanwhile, got a two-year, $14.35MM contract that uses $7MM of Miami’s mid-level exception in year one. Tucker’s second year is a player option (Twitter link).
- Spencer Dinwiddie‘s three-year contract with the Wizards only has a base value of $54MM, rather than the previously-reported total of $60MM+ (Twitter link). The deal, which features unlikely incentives that could push its value higher, has a partial guarantee worth $10MM (of $18.86MM) in year three.
- Georges Niang‘s deal with the Sixers came in at $6.765MM over two years, both of which are fully guaranteed (Twitter link).
- Trae Young‘s five-year, maximum-salary extension with the Hawks includes a 15% trade kicker (Twitter link).
- The numbers are also in for the finalized deals between Jarrett Allen and the Cavaliers (Twitter link), Bobby Portis and the Bucks (Twitter link), George Hill and the Bucks (Twitter link), and Danny Green and the Sixers (Twitter link), with no surprises among that group. As expected, Green’s second year is non-guaranteed and Portis has a second-year player option, while Allen and Hill have fully guaranteed salaries.
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