Los Angeles Lakers point guard Dennis Schroder is expecting to get paid this summer.
Armin Andres, Vice President of the German Basketball Federation, said on the Abteilung Basketball podcast (h/t Manuel Baraniak) that Schroder expects to receive around $100 million to $120 million in free agency.
"Dennis Schroeder has communicated this clearly: he wants $100 (million), $120 million—which he will probably also get—and this sum insured cannot be insured on the normal market at the moment."
Armin Andres: „Dennis Schröder hat das ja mal klar kommuniziert: Er will 100, 120 Millionen – die wird er wahrscheinlich auch bekommen –, und diese Versicherungssumme lässt sich momentan am normalen Markt nicht versichern.“ https://t.co/LfIVna1i7t— Manuel Baraniak (@manuel_baraniak) June 29, 2021
The Lakers acquired Schroder in a trade with the Oklahoma City Thunder in Nov. 2020. He averaged 15.4 points, 3.5 rebounds and 5.8 assists per game while shooting 43.7% from the field and 33.5% from deep for a Lakers team that was eliminated by the Phoenix Suns in the first round of the NBA playoffs.
The Lakers were without LeBron James and Anthony Davis for a large portion of the season due to injuries. Davis also missed L.A.'s last three playoff games and, over that stretch, Schroder struggled, scoring just eight points in Game 4 and none in Game 5.
Schroder's performance in the postseason likely won't help him land the elusive contract he's looking for. However, it's not impossible.
The Lakers and Schroder reportedly engaged in extension talks, but The Athletic's Jovan Buha and Bill Oram reported in March that the two sides were "far apart" in negotiations. That report also stated Schroder wants a multi-year deal worth more than $20 million per season.
The most L.A. can offer Schroder under CBA rules is a 20% raise from his current contract, meaning the Lakers can offer him a four-year deal worth $18.6 million next season and $83.3 million over the next four years.
It's unclear if the two sides are any closer to making a deal work.