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Thread: The Dollars And Cents of the Free Agency Option

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    Raptors Republic Veteran Buddahfan's Avatar
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    Default The Dollars And Cents of the Free Agency Option

    What is unquestionably clear, the decision of LeBron and Dwyane Wade to actively become free agents even if they intend to re-sign will be an experience that costs them at least $1,923,813 (three-year contract with current team scenario). Of course if they re-sign for a six-year deal after becoming a free agent, the number increases to $3,511,035.


    The numbers below also apply to Wade and Chris Bosh.


    Comment: All numbers are gross income before taxes, which of course vary based upon where the player plays so net of taxes the results could be different because state income tax rates vary as does cost of living in different locations. Also, I am sure that Bosh pays taxes at a different rate by playing in Canada.


    Exercise Player Option, Extension with Cavaliers
    10-11: $17,149,243
    11-12: $18,949,914
    12-13: $20,750,585
    13-14: $22,551,256
    14-15: $24,351,927
    Five-Year Total: $103,752,925
    Five-Year Average: $20,750,585

    Decline Player Option, Sign With Cavaliers
    10-11: $16,568,908
    11-12: $18,308,643
    12-13: $20,048,378
    13-14: $21,788,113
    14-15: $23,527,848
    15-16: $25,267,583
    Six-Year Total: $125,509,473
    Six-Year Average: $20,918,246

    *Five-Year Total: $100,241,890
    *Five-Year Average: $20,048,378

    Sign With New Team Outright
    10-11: $16,568,908
    11-12: $17,894,421
    12-13: $19,219,934
    13-14: $20,545,447
    14-15: $21,870,960
    Five-Year Total: $96,099,670
    Five-Year Average: $19,219,934

    Chris Reina is the executive editor of RealGM. Follow him on Twitter at http://twitter.com/cr_reina.
    comp article on link

    http://basketball.realgm.com/src_wir...at_least_$19m/
    Last edited by Buddahfan; Tue Jun 8th, 2010 at 05:30 PM.
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