(Photo: Anthony Gruppuso-USA TODAY Sports)

Paul George Makes Third Team All-NBA, $7 Million

I wish I lived the type of life where I could wake up, read a tweet, and learn that I just made $6.8 million. Unfortunately, I don’t believe that will ever happen, I’m afraid.

That could be how Paul George started his day though. My guess is that he got the info in a text or in a phone call, but regardless of the delivery method, he today learned that he made third team All-NBA, and thus his salary next year will be 27% of the salary cap*. Had he not made an All-NBA team this season, his max would only make 25% of the cap, but the honor gives him a bump of roughly $1.2 million next year and some $6.8 million over the life of his five-year deal.

The salary bonus comes as a result of “The Derrick Rose” rule, which allows teams to designate just one player on their roster for a 5-year contract extension. Then, if that player either (a) wins one MVP award, (b) is twice voted as an All-Star Game starter, or (c) twice is named to an All-NBA team, he is eligible to see his salary jump from 25% of the cap to 30% of the cap. However, the 30% isn’t automatic; the team and player negotiate it. And as first reported by Zach Lowe of Grantland, the Pacers and PG settled on 27%. (He probably took less in exchange for the final-year player option that his contract includes.)

Got it?

Regardless, the relevant thing is that Paul George’s salary for next year just increased by $1.2 million, and this leaves Indiana a little less space below the luxury tax threshold. And that will make it a bit more difficult to re-sign Lance Stephenson this summer or find an acceptable replacement should he leave in free agency.

Specifically, this puts the maximum starting salary available for Lance at probably around $6.5 million, provided the don’t clear any space. They do have ways to make room, however. That figure could increase to about $8.5 million, for example, if they release Luis Scola, whose salary for next year is only partially guaranteed.

As for the All-NBA honor itself, which is voted on by media members at the end of the regular season, ere are the final results.

First Team
LeBron James
Kevin Durant
Joakim Noah
James Harden
Chris Paul

Second Team
Blake Griffin
Kevin Love
Dwight Howard
Stephen Curry
Tony Parker

Third Team
Paul George
LaMarcus Aldridge
Al Jefferson
Goran Dragic
Damian Lillard

 

* It isn’t 27% of the actual salary cap. For individual salary calculation purposes, the collective bargaining agreement uses a smaller figure, which I believe equates to something around 42% of “basketball-related income.” And max salaries are tied to that number. I’m not exactly sure why. It’s all very convoluted.

Next Pacers Game Full schedule »
Friday, Oct 3131 Oct7:00Memphis GrizzliesBuy Tickets

Tags: Indiana Pacers Lance Stephenson Paul George

comments powered by Disqus