An NBA supermax contract is a salary agreement that NBA teams can offer to their most talented and valuable players. This type of contract was introduced as part of the 2017 Collective Bargaining Agreement (CBA) between the NBA and the National Basketball Players Association (NBPA).
The main purpose of an NBA supermax contract is to incentivize players to remain with their current teams rather than sign with another team when they become free agents. The maximum amount a team can pay under a supermax contract is 35% of the team’s salary cap, which is significantly more than any other player on the roster. In addition, players signing a supermax are eligible for larger raises than those signing regular contracts.
How Much Is An NBA Supermax Contract Worth?
The amount of money an NBA player can get from a supermax contract depends on many factors, including their performance on the court. Generally speaking, it involves an annual salary worth up to 35% of the salary cap for that current season. This could mean anywhere between $32 million and $50 million per year, depending on the player’s performance and team salary cap restrictions.
Who Is Eligible To Sign A Supermax Contract?
The criteria for eligibility are outlined by the collective bargaining agreement between the NBA and National Basketball Players Association (NBPA). The criteria include being named an All-NBA team member at least twice or being voted an All-Starstarter three times in their career. Additionally, the player must have been with one team for eight years or longer if they wish to sign a supermax contract.
Team management also has some input when deciding if a player is eligible for such contracts.
Which Players Have Received Supermax Contracts?
So far, several players have received supermax deals since the introduction of this new contract type. Players such as Stephen Curry, Russell Westbrook, and James Harden are some of the most recent recipients of a supermax deal from their respective teams. Other stars like Damian Lillard and Kyrie Irving received similar deals earlier in 2019. Aside from those listed above, other standout figures like John Wall, LeBron James, and Blake Griffin have also earned supermax contracts in previous years.
What Are The Drawbacks To Supermax Deals?
Expensive For Teams:
Supermax contracts are often much more expensive than regular contracts and require a team’s salary cap space to be dedicated to just one player. This could prevent teams from being able to sign other players or make trades, as they would lack financial flexibility due to the amount of money tied up in a single deal.
Create An Imbalance:
These types of contracts could lead to a lack of depth on many teams because they won’t have enough money left over to sign other key contributors due to the high cost of supermax deals.
What Is A 1+1 Max Contract?
A 1+1 max contract is an NBA player contract that allows eligible players to sign with their current team for one season and then re-sign the following season at a higher salary. This type of contract is typically offered to players who have achieved All-NBA honors or been named an All-Star during their first two years in the league. The overall value of a 1+1 max deal depends on the amount of money available from each team’s salary cap, which can vary from year to year.
Unlike a traditional “supermax” deal, the 1+1 max does not guarantee more money in subsequent years than in the initial term. Instead, it gives teams an incentive to retain star players due to its relatively low cost compared to other contracts.
The Difference Between Super Max And Max Contract In NBA:
A supermax contract is available to NBA veterans who have met certain criteria, such as being named to one or more All-NBA teams in the past three seasons or having been named Defensive Player of the Year at least once same period. A standard max contract does not contain these extra incentives and therefore pays less overall.
The main difference between a supermax and a max contract is the time each deal offers players. While both contracts promise lucrative salaries, those on supermax deals enjoy up to five years of guaranteed income, while those on max contracts can only receive four years’ worth of wages.
How Many Super Max Contracts Can A Team Have In NBA?
Any team can have up to two maximum contracts at any time, but this limit could be lower if the total payroll exceeds certain thresholds set by the Collective Bargaining Agreement (CBA). In addition, teams are limited in terms of how much they can offer individual players on a supermax deal.
Are NBA Supermax Contracts Guaranteed?
Supermax contracts are technically considered “fully guaranteed,” meaning that if a player is released from his team for any reason before the contract expires, he will still receive all the money stipulated in his deal. However, teams may include “non-guaranteed” portions of the contract that can be voided if certain performance markers are not met, such as making an All-Star team or meeting certain statistical thresholds during a given season.
Who Has The Biggest Supermax Contract In The NBA?
The biggest supermax contract in the NBA is Nikola Jokic of the Denver Nuggets. Jokic signed a 5-year $270 million extension back in 2018.
NBA supermax contracts provide a great opportunity for the most elite players in the league to be rewarded for their hard work and dedication to the game. These contracts offer more security and stability than their traditional counterparts while incentivizing athletes to stay with a particular team. While the amount of money involved may seem excessive, it reflects the value these players bring to their teams on and off the court.