Found July 20, 2013 on
The NBA's Board of Governors met in Las Vegas during the NBA Summer League to discuss several potential rule changes, the renaming of the Bobcats and the potential for new cities to host NBA franchises in the near future. There was also some accounting.
Some odd accounting.
The Oklahoma City Thunder were reimbursed roughly $15 million because of the uncertainty surrounding the new collective bargaining agreement when they signed Kevin Durant to a five-year extension in 2011. The number int he contract actually was not a set number, but rather tied to whatever the max contract in the new CBA was going to be.
The kicker is that the new CBA added in the "Derrick Rose provision" which added increased raises and base salaries on the rookie extension if the player reached two All-NBA teams by the time the extension was agreed to. Oklahoma City inadvertently took advantage of this by signing Durant to his extension for a previously unknown amount before the new CB...
BEST OF MAXIM
AROUND THE WEB
Few would argue that Kevin Durant isn't living up to his current contract. But that didn't stop the Thunder from getting some of his five-year, $89 million deal reimbursed.
The NBA Board of Governors voted to refund a portion of the extension Durant signed in 2010. The giveback, the amount of which is still unclear, will not affect the Thunder's team salary, according...
NBA teams were operating under uncertainty entering the 2010-11 season. The Collective Bargaining Agreement was scheduled to expire the next summer, and there was no telling what terms the new deal would include.
Teams might have to drastically shed salary to get under a hard cap. Trade exceptions could expire during a lockout. Existing contracts could change.
Besides the usual...
The NBA Board of Governors voted to award the Oklahoma City Thunder approximately $15 million due to an issue with Kevin Durant's super-max contract, according to reporting by Zach Lowe of ESPN.
Durant signed a maximim extension with the Thunder in 2010 that went into effect for the 11-12 season, but in the NBA's new collective bargaining agreement, he would be eligible for...
Oklahoma City Thunder: Draft Grades
By: Deion Hulse: Hoopstuff Writer
Pick 12: Steven Adams- C- University of Pittsburgh
- The Thunder have almost everything. They have a top tier point guard in Russell Westbrook, arguably the top scorer in the league in Kevin Durant and even a big man who can shoot three pointers, while being arguably the league’s best shot blocker in Serge...