9:46am: If the Clippers and Williams reach an extension agreement, it would likely be a two- or three-year deal worth about $8.5MM annually, a person with knowledge of the negotiations tells Sam Amick of USA Today.
7:50am: With the trade deadline just a day away, the Clippers and Lou Williams are engaged in discussions about a contract extension, and those talks have “gathered significant momentum,” according to ESPN’s Adrian Wojnarowski and Brian Windhorst.
There’s a growing possibility that the Clippers will reach a new deal with Williams in advance of Thursday’s trade deadline, and rival teams with interest in the veteran guard have become “increasingly resigned” to the fact that he may not be available, league sources tell Wojnarowski and Windhorst.
February 8 isn’t the deadline for the Clippers and Williams to agree on an extension — the two sides have until June 30 to hammer out a new deal and avoid having Lou Will hit the open market in July. However, Thursday’s trade deadline serves as a sort of de facto extension deadline. If the Clips lock up Williams by then, he won’t be moved, but if the two sides can’t reach an extension agreement, the odds of a trade would increase.
Changes to the NBA’s Collective Bargaining Agreement made Williams extension-eligible this season, and allow for a deal comparable to the ones signed by Norman Powell and Josh Richardson in the fall. Those extensions are worth nearly $42MM over four years, starting at $9.37MM in 2018/19 and increasing to $11.62MM by 2021/22.
While it’s not clear if the Clippers are willing to offer the full amount allowable, an extension of that nature would be worth more than the mid-level exception, and would be a nice payday for a 31-year-old who has never earned a higher salary than the $7MM he’s making this season. Williams has earned a raise with his play in 2017/18, averaging 23.3 PPG and 5.3 APG with a .439/.380/.900 shooting line.
Williams and Tyreke Evans, who are both enjoying career years on expiring contracts, have been cited most frequently as trade candidates coveted by contenders looking for an added scoring punch. If Williams stays put through the deadline, that’s probably good news for the Grizzlies, who could perhaps extract a little more value in exchange for Evans.
There’s a good chance this might just be the Clips trying to drive his value up.
Rumors are rumors until the i’s get dotted the t’s get crossed and you sign.
Hopefully this means Sixers won’t trade for him.