Contract Details: Isaac, Fultz, Kennard, White

The terms of Jonathan Isaac‘s four-year extension with the Magic are a little more favorable than initially reported, according to John Hollinger of The Athletic and Bobby Marks of ESPN (Twitter link).

Originally said to be an $80MM deal, Isaac’s new contract actually has a base value of $69.6MM, or $17.4MM per year. It also includes $2.6MM in annual incentives that he’ll receive for each season in which he plays in 70 of 82 games (or the prorated equivalent in a shortened season). So Isaac will earn the full $80MM only if he stays healthy enough to appear in 70 or more games for four consecutive seasons starting in 2021/22.

The Magic further protected themselves by including Exhibit 3 language in the deal, per Hollinger and Marks. While the exact details of that language are unclear, an Exhibit 3 clause allows a team to limit or eliminate a player’s salary protection in the event of a specific injury — presumably, for Isaac, the language will cover any ongoing issues related to his left knee, following this year’s left ACL tear.

Here are a few more details on recently-signed extensions:

• Markelle Fultz‘s three-year, $50MM extension with the Magic includes guaranteed $16.5MM salaries in each of the first two seasons, according to Hollinger and Keith Smith of Yahoo Sports (Twitter link). The $17MM third-year salary is partially guaranteed for just $2MM. Fultz also has $1MM in unlikely annual incentives for winning the Most Improved Player award, says Hollinger.
• Luke Kennard‘s four-year, $56MM extension with the Clippers includes a fourth-year team option, so only about $41.2MM is fully guaranteed, tweets Smith. However, Kennard can also easily achieve $1.1MM in annual incentives by playing in at least 66 games or logging 1,772 minutes ($620,454) and by playing in the first round of the playoffs ($477,273), reports Hollinger. Kennard’s other annual incentives include $143,182 apiece for making the Conference Finals and NBA Finals, $190,909 for winning a title, and $334,091 for a defensive rating below 105, according to Hollinger.
• Derrick White‘s four-year extension with the Spurs has a guaranteed base value of $70MM and is structured as an increasing deal with annual 8% raises, tweets Smith. There are $1.25MM per year in incentives, according to Hollinger: $500K for appearing in 70 games, $500K for making 185 three-pointers, and $250K for making an All-Defense team. White has only made 135 career three-pointers in three seasons, including 79 in 2019/20.