Luke Kornet‘s new two-year, minimum-salary contract with the Celtics includes multiple salary guarantee dates this year, Hoops Rumors has learned.
Currently, Kornet’s $2.13MM salary for 2022/23 is only partially guaranteed for $100K, but that guarantee would increase to $300K if the big man remains under contract through August 15. If Kornet makes Boston’s regular season roster, half of his salary (approximately $1.07MM) would become guaranteed.
Kornet’s deal with the Celtics doesn’t include any guarantee triggers beyond that, so his ’22/23 salary would become fully guaranteed after the league-wide salary guarantee deadline in January. His ’23/24 salary is non-guaranteed and would become fully guaranteed if he remains under contract through January 7, 2024.
Here are a few more details on newly signed contracts:
- The second year of John Wall‘s two-year deal with the Clippers is a team option, Hoops Rumors has learned. Los Angeles used its full $6,479,000 taxpayer mid-level exception to sign Wall.
- Nikola Jokic‘s super-max extension with the Nuggets and Darius Garland‘s new maximum-salary extension with the Cavaliers both feature 15% trade kickers.
- Davon Reed‘s two-year, minimum-salary contract with the Nuggets is fully guaranteed in year one and non-guaranteed in year two. Reed’s second-year salary will become fully guaranteed if he’s not waived by July 8, 2023.
- The Magic used a portion of their mid-level exception to sign second-round pick Caleb Houstan to a four-year contract that includes guaranteed $2MM salaries in each of the first two seasons. The third and fourth years are worth the minimum and are non-guaranteed — there’s also a team option on the fourth year.
- As expected, the Lakers signed second-rounder Max Christie to a two-year, minimum-salary contract. That deal will be fully guaranteed, Hoops Rumors has learned. L.A. couldn’t offer Christie more than two years or more than the rookie minimum after using the full taxpayer mid-level exception on Lonnie Walker.
- Michael Foster Jr.‘s deal with the Sixers is an Exhibit 10 contract, meaning the team has the option of converting it into a two-way contract before the season.