DunSports > Basketball > TA: If the Suns want to buy out Bill with extended terms, they need the latter to give up at least $13 million
TA: If the Suns want to buy out Bill with extended terms, they need the latter to give up at least $13 million
According to TA reporter Fred Katz, a source who knows Bill's ideas revealed that Bill is open to the deal.
It is reported that the Sun had considered buying out Bill's contract with an extension clause, but due to the rules, Bill needed to give up a large amount of money to buy out with an extension clause.
The labor and capital agreement stipulates that the total salary of players who have been cut/buyed out cannot exceed 15% of the salary cap (the salary cap of the new season is approximately US$154.6 million). The Suns have previously cut Liddle and Little, and their cumulative layoffs have reached US$3.8 million. The complete buyout of Bill will increase spending $22 million per season ($110 million in five years) so according to calculations, Bill will have to give up a salary of no less than about $13 million (about $2.6 million per season) in total, so the Suns can buy it out with extended terms if it complies with the rules.
It is understood that Bill may not be willing to give up the money, but he can also seek a new contract after the buyout to make up for his losses. Sources revealed that it is generally believed that Bill's current value should be about equal to a full middle class special case (annual salary of about $14.1 million).
Bill's current contract has two years to about US$110 million, and the contract has a transaction veto.
Related news: Less than 15 millionšTA: The league believes that Bill's current value will not exceed the full amount of the middle class
holds the veto of the transaction! TA: Bill is open to trading but will pick the next & want to keep the sun
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