Chima Moneke‘s new contract with the Kings is a two-year, minimum-salary deal that includes a partial guarantee in year one, Hoops Rumors has learned. Currently, only $250K of Moneke’s $1.02MM salary for 2022/23 is guaranteed, but that figure will increase to $500K if the forward isn’t waived before Sacramento’s first regular season game.
The second year of Moneke’s contract is non-guaranteed, but his 2023/24 salary would become partially guaranteed for $250K if he plays at least 1,000 minutes in ’22/23 and his team wins 41 games. Moneke’s full $1.72MM salary for ’23/24 would become guaranteed if he remains under contract through June 30, 2023.
Here are a few more details on recently signed NBA contracts:
- Serge Ibaka‘s one-year contract with the Bucks is worth the veteran’s minimum, Hoops Rumors has learned. Milwaukee had Ibaka’s Early Bird rights and could have gone above the minimum, but will instead carry a cap hit of just $1,836,090 for the big man, who will earn $2,905,851.
- Jaylin Williams‘ four-year contract with the Thunder is, as initially reported, worth approximately $8.2MM. Williams will earn fully guaranteed salaries of $2MM in each of the first two years of the deal. His minimum salaries for 2024/25 and ’25/26 are non-guaranteed, with a team option on the fourth year. Since Oklahoma City used the non-taxpayer mid-level exception to give Williams a four-year deal, the club will be hard-capped for the rest of the ’22/23 league year.
- As anticipated, Taj Gibson‘s one-year, minimum-salary contract with the Wizards is fully guaranteed. Washington now has 15 guaranteed salaries on its books for 2022/23.
Wow thunder are getting such a player for such a deal over the next FOUR years!
Good value on that Ibaka deal, almost zero risk.