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#Post#: 56--------------------------------------------------
RT6 - Question 1 - Giannis Extension
DIR By: Tim Wray
Date: September 25, 2016, 9:06 pm
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Having come to an agreement with the Bucks to sign a four-year,
$100 million contract extension, Giannis Antetokounmpo is now
locked up through the 2020-2021 NBA Season. Were you surprised
that the Greek Freak wasn’t given Milwaukee’s player designation
which would have allowed him to sign a five-year deal at the
maximum salary? Also, how does this affect the Bucks going
forward, particularly in relation to Jabari Parker’s extension
and avoiding the luxury tax in 2018?
#Post#: 61--------------------------------------------------
Re: RT6 - Question 1 - Giannis Extension
DIR By: heffernon
Date: September 26, 2016, 11:08 am
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John H - I was really happy to see Giannis get the extension.
The fact that he left a little money on the table was also
really positive. Obviously we all want to have Giannis as long
as possible and that might make it seem like anything less than
the max five year extension is a negative. However, this
extension will end when the Greak Freak is 26 and then the Bucks
can sign him to a five year max then. That way they will pay him
max money for only five of the next 10 years instead of 10 of
the next 11. That is a lot of money the Bucks are saving.
Hopefully they use those saved funds appropriately to put the
best team possible around Giannis. This extension should help
Milwaukee have a better chance paying Jabari what he's worth and
avoiding the luxury tax in the next five years.
#Post#: 62--------------------------------------------------
Re: RT6 - Question 1 - Giannis Extension
DIR By: Rohan Katti
Date: September 26, 2016, 11:13 am
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Rohan K - I was honestly very surprised that the Giannis wasn't
given the five year player designation. However, that does not
necessarily equate to a bad thing. By taking a little less than
the max, Giannis set the precedent for extensions within the
Bucks organization, which means that next year, Jabari will most
likely feel inclined to take less than the max as well. Giving
an extension this large also poses a deadline of sorts. Assuming
the Bucks can't avoid the luxury tax in 2018, the owners might
not be so happy to pay tax for a team that is still competing
for a playoff spot.
#Post#: 71--------------------------------------------------
Re: RT6 - Question 1 - Giannis Extension
DIR By: adammcgee
Date: September 26, 2016, 9:46 pm
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I was surprised. More than not being prepared to pay Giannis the
max now, I feel it probably comes down to fear of what the
uncertain cap/CBA/potential lockout scenario could make his max
deal during its duration.
Still, the extra year matters to me. The six years between now
and what would have been its end date, at least in my mind, gave
the Bucks every chance of getting into contention for what their
timeline should be, and it would have done so without Giannis
even having a sniff at speaking to another team. I just have a
horrible feeling that the extra year could make a difference in
terms of where this team is at when it's time for both sides to
negotiate again.
In terms of what he did actually sign for, as great as it is
that Giannis took a discount, it's been blown up to be something
that it really isn't. The discount he took is minor in context
of his deal (although I understand choosing to pass up over a
million per year is an impressive act of selflessness,
regardless), but it's only even more minor when put in context
of the cap. It might help the owners to dodge the luxury tax
down the line, but a similar discount for Jabari might only
amount to a combined $2.5 million per year. You don't even have
to be paying attention to realize that gets you nothing in the
NBA now, and so although the gesture is a positive one on
Giannis' part, it shouldn't be spun into something it isn't, as
it really has little impact on their overall flexibility.
I think the problem is lying in most people assuming Giannis
passed up the difference between the $130-140 million numbers
once reported, to his eventual $100 million. With the indication
being that designated player never really came into play, in
reality, it was more like $5 million total that was passed over.
#Post#: 76--------------------------------------------------
Re: RT6 - Question 1 - Giannis Extension
DIR By: JordanTreske
Date: September 27, 2016, 12:30 am
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I was definitely a bit surprised that Giannis didn't receive the
designated player extension. Although giving him that
distinction would have added some complications for a future
extension for Jabari, it just seemed in the cards for Giannis to
receive that type of deal. However, with the Bucks facing the
same scenario just a year from now, coming to a deal like both
sides did certainly helps to keep the team's established players
down the line. But like Adam said, while I think it does help
the ownership avoid a possible luxury tax, it hardly moves the
needle for their future flexibility.
#Post#: 81--------------------------------------------------
Re: RT6 - Question 1 - Giannis Extension
DIR By: Tim Wray
Date: September 29, 2016, 6:49 am
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At no point this off-season did I think that Giannis’ extension
as the Bucks designated franchise player was going to be
anything other than a mere formality. Naturally, hearing that
Giannis has signed a straight four-year deal for just under the
maximum salary was quite surprising. Regardless, my feelings
towards the extension were overwhelmingly positive. Although we
all knew it was coming (eventually), it was an extremely proud
moment to be a Bucks fan. Further, I was absolutely elated for
Giannis. More than being an incredible talent on the court, he’s
especially humble and has an amazing story, having travelled a
truly inspirational journey from poverty in Greece to an $100
million NBA contract.
As Rohan said, I think Giannis and the Bucks front office have
set a strong precedent for Jabari to sign a similar extension
next summer. Unless Jabari lights up the league and becomes an
All-Star calibre player next season, I can’t see the franchise
player designation coming into play, especially because it
wasn’t given to Giannis. On that note, I think a five-year
contract at the $138-$144 maximum salary would have been on the
table if Giannis’ representation had demanded that deal.
Nevertheless, I agree with Adam that the uncertainty over the
future salary cap and new collective bargaining agreement would
have made the Bucks very hesitant. Ultimately, Giannis' $6
million discount over four-years isn't enough to significantly
impact the Bucks financial flexibility, although it should help
ownership avoid the luxury tax in the near future. However, from
a fans perspective, it is an encouraging sign of Giannis'
loyalty to Milwaukee and willingness to win with the Bucks.
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