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DiLeo Clarifies Bynum’s Contract Options
Posted By HOOPSWORLD On November 2, 2012 @ 6:58 am In All,Headlines,NBA Headlines | No Comments
(Sixers GM Tony) DiLeo clarified that the Sixers can offer injured center Andrew Bynum, who has yet to practice with the team, a two-year contract extension with 4.5 percent annual increases (roughly $36 million) at any time, thanks to the extend-and-trade provision in the new Collective Bargaining Agreement (CBA).
On Feb. 10, which is the six-month anniversary of the Aug. 10 deal that brought Bynum to the Sixers, Bynum can sign a three-year extension with 4.5 percent increases (about $55 million).
Bynum would become eligible for a five-year contract with 7.5 percent increases (more than $100 million) after July 1, when he’d become an unrestricted free agent.
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