Agents Suggesting Superstars to sign extenstions? Not wait for 2010?

Latinoking90 · Mar 10, 2009

Agents for potential 2010 free agents are starting to consider urging their clients to sign contract extensions this summer rather than taking a chance in free agency, Sam Smith writes on his blog on bulls.com. The reason? The faltering economy. And the chance of change with the Collective Bargaining Agreement being re-opened.

"I'd think every prudent representative would be sitting down his guys and explaining there could be a lockout, a new CBA (collective bargaining agreement), and there's always the injury component," said former agent and Chicago based attorney George Andrews. "That maybe it's time to lock in security now. I don't see the CBA going up in any shape or form. You are unlikely to get more years than you can now and there's a pretty good chance the maximum salary would go down in a new CBA.

"From a security standpoint and everything else, it makes a lot of sense to extend now," said Andrews. "You don't know what will happen if there's a new CBA. It wouldn't shock me to see Billy Hunter enter into something next season as he sees how bad things can get, maybe make a new deal before things bottom out. And his concern has to be not five or six guys, but the players as a whole. Who knows? Maybe the owners will want to get rid of the mid level and he can get a jump on that by giving them relief a year earlier and save some things.

"The maximum is correlated to the cap," Andrews noted. "And the cap is going down. Stern already has said that. How in the world would you expect to get more money with the cap going down, the numbers of years (likely) curtailed? Nobody could have anticipated this."

RealGM: Basketball Wiretap Archives: Agents Encouraging 2010 Free Agents To Sign Extensions?
Is Lebron seriously stays in CLE, and they can rebuild around him.

dba · Mar 11, 2009

Oh no, does this mean I actually need to understand what a sign and trade is before the summer?

Latinoking90 · Mar 14, 2009

dba said: ↑

Oh no, does this mean I actually need to understand what a sign and trade is before the summer?

I guess so.

max · Mar 14, 2009

Regardless of the economy. There may have been a bit of a bubble in the cap itself. Max contracts getting to the level that the CBA was trying to avoid when it instanted the idea of a max contract.

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Agents Suggesting Superstars to sign extenstions? Not wait for 2010?

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