When can you extend an NBA contract?

A regular extension of a Rookie Scale Contract may add up to 4 new years to the player’s contract (for a total of 5 years when the remaining year is included, as these contracts can only be extended just before the fourth year of the contract, between the end of the moratorium period in July through the day before the …

What is a contract extension NBA?

By extending a contract, a team ensures that a current player will remain locked up for multiple years to come. Although a contract extension may not change the club’s outlook on the court, it can have a major impact on that team’s salary cap situation for the next several seasons.

How do NBA contract extensions work?

The extension cannot last more than five years after the expiration of the player’s current contract (or five years for a player who is a free agent when signed), but can be negotiated and signed one year before the current contract expires.

What happens when an NBA contract expires?

Once the contract is finished, the team has no more rights owned with a player. The free agent is free to sign a new deal with any team. When a player is traded, the teams simply take over the remaining status of the contract.

When do you sign an extension in the NBA?

If an extension is signed between the end of the playoffs and June 30, then the just-completed season is counted as a full season covered by the extension. A Standard NBA Contract is simply any Uniform Player Contract that is not a Two-Way Contract.

How many years does an NBA veteran contract cover?

A regular extension of a veteran’s contract may cover 5 years (including the years remaining on the original contract when the extension is signed).

How long does a NBA player have to be on a contract?

The contract must be for 2 years, with a team option for both the 3rd and 4th years. A player’s compensation under a Rookie Scale Contract is determined by the rookie salary scale.

How are rookie contracts determined in the NBA?

A Rookie Scale Contract is the initial Uniform Player Contract between a team and its first round draft pick. The contract must be for 2 years, with a team option for both the 3rd and 4th years. A player’s compensation under a Rookie Scale Contract is determined by the rookie salary scale.