Danilo Gallinari is close to signing a two year, $34 Million extension/restructure of his contract with the Denver Nuggets with a FULL trade kicker according to Adrian Wojnarowski of Yahoo Sports. Here are the details from Woj:
Gallinari deal includes restructuring on 2015-'16 salary that adds $2.5M to overall deal. He'll make $14M, $15M and $16M over three years.— Adrian Wojnarowski (@WojYahooNBA) July 21, 2015
The deal is a restructuring that includes a $2.5 million increase on the $11.5 million owed to Gallinari as he enters the final year of his contract in 2015-16, sources said.
Under the newly negotiated terms, Gallinari will make $14 million this season, the first of a deal that runs through the 2017-18 season, sources said. He will make $15.5 million in 2016-17 and has a player option worth $16.1 million for the third year of the deal and a full trade kicker, sources said.
Interesting. Makes me wonder who asked for the full trade kicker, and what that means for Gallo's future in Denver. Usually trade kickers are added if a player prefers to stay in one location, but we shall see. The Player Option on the last year indicates that, maybe Gallo would like the ability to tap into some of the new TV money as well.
According to Chris Dempsey of the Denver Post, Gallinari will be signing a three-year, $45 million renegotiation and extension. Read the link below. Contract update from Chris Dempsey.
Here is how the deal breaks down:
2015-16 contract goes from $11.5 million to $14 million.
2016-17: $15.5 million.
2017-18: $16.1 million.