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Tuesday, March 1, 2011

Breaking News: Perkins Signs Extension (UPDATED)


I don't know how much, but here is a piece from Sham Sports:
By simultaneously acquiring cap space with the underpaid Kenny Perk, OKC can now do a Baltche with him. OKC can use their cap space to renegotiate Perkins's current $4,640,208 salary up to as much $6,696,720. From there, they can concurrently offer a new four year extension totalling a a maximum of $33,818,436, or any number below that that they feel happier with.

Add in the extra negotiated salary, and that's over $35 million for four years that OKC can theoretically offer him, as-near-as-is $9 million per. In contrast, Boston could only offer circa $6 million per. It's a significant difference.


I mean we don't know the full details of the deal yet, but if this were the case all the Celtics could have offered him around 6 million a year with the CBA while OKC gave him what he was expecting in the open market. (maybe a bit of a hometown discount)

This kills the chances of us resigning. Oh well.

***UPDATE***

"Kendrick Perkins' contract extension with Oklahoma City pays him $34.8 million over four years, league source tells Y! Sports (Celticsblog)."

That works out to be an average of $8.7 million a year.

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