One thing that people are forgetting - in all likelihood there will not be a 2011-2012 season, or there will be an abbreviated season. You can subtract $10M from the contract total...
yeah!. GREAT news! Ginobiliiiiiiiiiiiiiiiiiiiiiiiiiii!!!!!!!!!!!!!!!! !!!!!!!!!!!!
One thing that people are forgetting - in all likelihood there will not be a 2011-2012 season, or there will be an abbreviated season. You can subtract $10M from the contract total...
He was expected to not play in the summer before this news so I think this extension would definitely keep him out of the WC.
BTW, some little salary infos:
Because of the over 36 rule, the max length for Manu's extension is 3 years. His contract can't have a 4th year.
The max extension that Manu can get is:
10-11: $11,854,584
11-12: $12,981,037
12-13: $14,107,491
Total: $38,943,112
Didn't you say in another thread that the Spurs were the only team able to offer him a 4 year contract?
Good info sir
^^ Bruno with the right on target post as always... so basically Manu got a Max extension granted?![]()
Spurs could have offer him a new 4 years contract this summer. For an extension, they are limited to 3 years.
Thanks![]()
Up on ESPN.com now....
Updated: April 7, 2010, 5:32 PM ET
Source: Ginobili to re-sign for 3 years
By Ric Bucher
ESPN The Magazine
Archive
The San Antonio Spurs and guard Manu Ginobili have agreed to a three-year extension worth $38.9 million, a league source confirmed Wednesday.
The deal is the maximum the Spurs are allowed to offer Ginobili under the current collective bargaining agreement, based on Ginobili's current salary and age (32).
The contract will not be completed before Ginobili and the team return to San Antonio from their current road trip and the possibilty remains the deal could fall apart. Whatever concerns the Spurs might have about Ginobili's injury issues over the last few seasons, though, have been allayed by his performance the last two months.
Ginobili said he has been physically fine since the start of the season, but that he had "a mental issue" to overcome about finishing around the rim.
Ginobili has been with San Antonio since 2002. He's averaging 16.6 points and 5.6 assists per game this season.
He could have become a free agent after the 2010 season ends for the Spurs, who are tied for sixth in the Western Conference standings entering Wednesday's games.
Ginobili's value to San Antonio is heightened by the fact that as a Spanish-speaking Argentine, he is immensely popular in San Antonio's Hispanic-rich market.
Ric Bucher is senior NBA writer for ESPN The Magazine.
http://sports.espn.go.com/nba/news/story?id=5064686
I'm on record for proclaiming that if the Spurs allowed Manu to hit free agency (July 1st), the chances would be highly likely that a bad team, with a ton of cash, could make an outlandish offer that the Spurs couldn't afford to match.
The Spurs did the smart thing by eliminating that possibility.
CROFL Ludden owning ESPN
+100000000
The Spurs wanted. To wait to see if Manu had it left, and he played himself into a much bigger contract because of it. Props to him and also the FO for getting it done now.
So Manu was asking something not allowed by the CBA?
Manu is an overacheiver.
If only they could have done it for the Iceman.
lol what if he starts playing like now![]()
Great, great news. Props to Holt for ponying up.
Good news.
So if they let all the expirings walk, this still puts our salary total in the mid 60s with a lineup of:
Duncan
Jefferson
Parker
Ginobili
McDyess
Hill
Blair
with team options for Hairston and Gee (I'm sure they'll at least pick up Hairston)
If they can somehow sign Splitter, next year looks decent (assuming everybody can stay healthy).
not too shabby.
Ginobili is my all time favorite spur to watch. I love the signing, I love the numbers, it all makes sense! I bet Tim is just as happy as we are!
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