Al Horford‘s four-year, $109MM deal with the Sixers was originally reported to have a $97MM value with $12MM in additional bonuses tied to potential championships. However, according to Derek Bodner of The Athletic, that’s not quite right.
In a series of tweets, Bodner explains that the non-guaranteed $12MM in Horford’s contract all comes in the fourth and final year of the deal, which is partially guaranteed. There are team-related benchmarks, such as winning a championship, that could trigger that money to become guaranteed, per Bodner.
That means that Horford’s starting salary will be higher than originally anticipated — a deal with unlikely bonuses in every season might have started in the neighborhood of $22.5MM, but the actual contract is expected to start much higher than that.
Eric Pincus of Basketball Insiders (Twitter links) hears that Horford’s pact will have a first-year salary around $28MM, which means it won’t have increasing cap hits every year. That could help the Sixers in future seasons if they have to deal with tax penalties, which seems likely, given their lucrative long-term commitments to Horford, Joel Embiid, and Tobias Harris, along with Ben Simmons‘ probable max deal.
Here’s more on the 76ers:
- Based on the structure of Horford’s deal, the Sixers will have a little over $2MM in cap room left, rather than the $7-8MM figures that have been reported, tweets Bodner. Based on my math, a $28MM starting salary for Horford would leave about $2.27MM in space.
- As a result of their cap situation, the 76ers will use the room exception to complete Mike Scott‘s two-year, $9.8MM contract, Bodner clarifies (via Twitter). The team could technically have completed Scott’s deal using his Non-Bird rights, but will need to renounce his cap hold to create room for Horford and Josh Richardson.
- There are conflicting reports on just how aggressively the Sixers attempted to re-sign Jimmy Butler in free agency. As relayed by RealGM, a report from Tom Haberstroh of NBC Sports says Philadelphia offered Butler a full five-year max, while ESPN’s Adrian Wojnarowski and Shams Charania of The Athletic have suggested otherwise. Haberstroh’s report acknowledges that the 76ers may have put their alleged offer on the table with the understanding that Butler wouldn’t accept, since he had already decided to move on.
Philly could use that 2 million on any number of vet who is willing to take the min. Vince Carter, Melo, Korver(if released), the list goes on
None of them fit on this team except for Korver.
Correct! They need a shooter and a backup point guard. Preferably one that can shoot. The math is off in this article by no surprise. Also if they dont get a shooter now, they will went teams make cuts after camp or down the road when guys get the buy out.
What part of the math is off?
It’s not off
It’s time for Simmons to develop an outside shot. If he can he would almost be impossible to stop the way he could pull it down and drive to the basket. Playing the number of years he has an outside shot should already be in his arsenal.