Contract Extension Details: Porter, Hunter, Little

As previously reported, Kevin Porter Jr. new four-year extension with the Rockets is only fully guaranteed for the first season. As Kelly Iko of The Athletic reports and Hoops Rumors has confirmed, all four years of the deal have a base salary of $15,860,000, with an additional $4,758,000 available each year via incentives.

Those incentives are divided into two categories and are based on Porter’s minutes played and the success of the team, according to Iko, who says the team-based bonuses are tied to wins, play-in tournament appearances, and/or playoff berths. If Porter maxes out his incentives, the total four-year value of the deal would be $82,472,000, but the total base value if he doesn’t earn any bonuses is just $63,440,000.

Although Porter’s second-year salary isn’t guaranteed yet, it will become partially guaranteed for $1MM if he remains under contract through July 1, 2023, which is when the extension officially begins. That partial guarantee for the 2024/25 season will increase to $3MM at the start of the ’23/24 regular season and will rise to $6MM if Porter remains under contract five days beyond the 2024 trade deadline, as Iko outlines.

Porter can also earn a full guarantee for 2024/25 if he reaches a certain minutes threshold in ’23/24 and the Rockets also earn a top-eight seed and make the playoffs that season, Iko explains. Finally, as long as Porter remains under contract, his second-, third-, and fourth-year salaries will automatically become fully guaranteed on the June 30 before that season begins. The Rockets would have to waive him to avoid paying those salaries.

Here are details on a couple other contract extensions signed earlier this week:

• De’Andre Hunter‘s four-year extension with the Hawks starts at $20,089,286 in year one and features standard 8% annual raises, increasing to $24,910,714 for year four. Each season includes $1.25MM in unlikely incentives, so $90MM is fully guaranteed and $5MM is available in incentives, as initially reported.
• Nassir Little‘s four-year extension with the Trail Blazers also features a standard rising structure, beginning at $6,250,000 in 2023/24 and increasing by $500K per year, up to $7,750,000 in ’26/27. As initially reported, it’s fully guaranteed, with no team or player option.