Birdman re-signing with a new 5-year deal
by Nate Timmons on Jul 8, 2009 8:18 AM MDT
in Denver Nuggets: News and Opinion
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PrintAs I expected, with today being first day for free agents to sign their contracts, the Denver Post's Benjamin Hochman reports that Chris Andersen will officially be back with the Nuggets.
Chris Andersen and the Nuggets have agreed on a five-year contract that could earn Andersen up to $26 million, the player's manager, Mark Bryant, said Tuesday night. This locks in one of Denver's most popular athletes for the next half-decade.
"We're ecstatic to stay in the community," Bryant said.
Andersen will make $3.7 million next season in his backloaded and incentive-based contract, which will help the Nuggets financially.
I like the sounds of this deal because of the words "incentive-based" ... meaning that Andersen will be asked to work hard for the money and knowing his style ... he wouldn't have it any other way.
How do you feel about the five-year $26 million deal starting at $3.7 million for the 31-year old forward/center?
This deal means the Nuggets now have $2.1 million left of their MLE as well as their $1.99 million bi-annual exception.
Also, the NBA Salary Cap numbers are in and they have decreased. The salary cap for next season is set at $57.7 million and the luxury tax threshold is set for $69.92 million. This means that for ever dollar the Nuggets are above the $69.92 million threshold, they'll have to match dollar-for-dollar.
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I am pumped about the return of Birdman! Now lets get us one or two newbies and hit the ground running!
Love the enthusiam. Look for Denver to get busy!
Pickaxe & Roll.com: 5,280 reasons to be a Nuggets fan
Still think that we signed him for a bit too long…since the nuggets backloaded his contract, they’ll be paying like 8-9 million to him the last 2 years or so, and he’ll be like 35, 36 by then. I don’t think he’ll be bringing the same production at that point, hence a bad contract and probably not a high trade value.
Well, we don't know the details of the deal.
The contract is apparently “incentive-based” so the numbers might not be as high as we expect. The contract can be worth up to $26 million, but Bird may not get to that number based off performance incentives and such.
Could be a very friendly deal to both sides.
Pickaxe & Roll.com: 5,280 reasons to be a Nuggets fan
I agree
5 years is a hell of a long time for a 30 year old who relies soley on his athleticism to be productive. I am pleased at the pretty modest tag though at least in the first few years.
Let’s hope this doesn’t become one of the nightmarish unmoveable deals when he does his ACL next season (touch wood).
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