- Report: Cavs make changes to coaching staff ahead of 2021-22 season
- LeBron James tells fans to vote for Iman Shumpert after dazzling ‘Dancing With the Stars’ appearance
- Kevin Durant marvels at Iman Shumpert’s ‘elite activity’ during ‘Dancing With the Stars’ appearance
- Report: Executives see Darius Garland as NBA’s top breakout candidate for 2021-22 season
- UFC fighter Ryan Spann reveals that former Cavs guard ‘whooped my a-s’ while sparring
- Richard Jefferson says Channing Frye can tell Evan Mobley where ‘all the strip clubs are’ in Cleveland
- Evan Mobley makes it clear that Darius Garland is already taking him under his wing
- Andre Iguodala neglects to credit LeBron James at all when asked if iconic Finals block still bothers him
- Evan Mobley shares favorite Cavs player of all time not named LeBron James
- J.B. Bickerstaff talks about Cavs’ increased expectations for Collin Sexton and Darius Garland
Report: Kevin Porter Jr. to Give Cavs ‘Rare’ Discount on Rookie Contract
- Updated: July 9, 2019
The last of the Cleveland Cavaliers’ three first-round picks in last month’s NBA draft was University of Southern California guard Kevin Porter Jr.
A new report indicates that the rookie’s recent contract signing might have gone unnoticed if not for the rare accommodation he offered to the Cavaliers with respect to their luxury tax costs.
We have our first team in a very long time to negotiate with their first-round pick on the Rookie Scale: Kevin Porter Jr. will only receive 80% of the Rookie Scale in Year 1 before it rises to 120% in Years 2 through 4. Very, very rare to see that, but helps the Cavs on the tax.
— Jeff Siegel (@jgsiegel) July 9, 2019
The reported rookie-scale contract for Porter is $1.3 million in the first year. That means that Porter is offering the Cavaliers a temporary discount of slightly over $600,000, while his salary in the latter three years will match 120 percent of scale.
The logic in the Cavaliers offering this type of contract is because they have a number of large salaries coming off their books after the 2019-20 season. Chief among them are Tristan Thompson ($18.5 million), Brandon Knight ($15.6 million) and John Henson ($9.7 million), though Thompson could be re-signed at what would undoubtedly be a lower rate.
In addition, another of the potential free agents for the Cavaliers after next season is guard Jordan Clarkson, who will be making $13.4 million for the upcoming year. While the Cavs are presumably interested in re-signing him, they could end up trading him by the February deadline if they fail to come to an agreement.
One other contract that will also be done is that of exiled veteran guard J.R. Smith, though he’ll either be traded away or paid the $4.4 million guaranteed portion of his contract by the end of this month.
Porter was one of three guards the Cavaliers drafted during the first round, joining fifth overall pick Darius Garland and 26th overall selection Dylan Windler. While Porter is now signed, he’s not taking part in Summer League action in Las Vegas.
Related Posts
About Brad Sullivan
You must be logged in to post a comment Login