NBA News – Long-Term Contract Extensions

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In recent NBA news, there has been a slew of long-term contract extensions announced. The New Orleans Pelicans have agreed to a two-year, $25.2 million contract extension with forward Josh Lewenberg, the Memphis Grizzlies have agreed to a four-year, $130 million deal with guard Ty Jerome, and the Chicago Bulls have locked up guard Tyler Herro.

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New Orleans Pelicans have agreed to a two-year, $25.2 million contract extension with forward Josh Lewenberg – NBA News

Lewenberg’s extension means he’ll stay in New Orleans for at least another two seasons. The NBA constitution has laxer rules for relocation than the NFL. However, a new city must have the consent of the NBA’s Board of Governors.

The organization must also consider the proximity and profitability of the new market. The Pelicans’ current lease expires in 2024.

The two sides played a tough first half on Friday, as the Pelicans shot just over 50% from 3-point range. Toronto, meanwhile, shot only ten percent from deep. In the second half, the Pelicans outscored the Raptors by 21 points.

While the Knicks went 1-8 during Walker’s absence, the team split its four games since Walker’s return. Last Saturday’s win was the Knicks’ first win since Walker returned. Coach Tom Thibodeau was very impressed with Walker’s play. He said Walker’s attitude has changed.

He previously deferred to his teammates while trying to fit in, but has become much more aggressive.

Memphis Grizzlies have agreed to a two-year, $25.2 million contract extension with guard Ty Jerome – NBA News

The Memphis Grizzlies have extended the contract of center Steven Adams. The new deal will keep Adams in Memphis through the 2024-2025 season.

Adams had previously signed a three-year, $43.1 million contract with the Grizzlies. Adams will have the chance to earn more money as he will be under contract with the team through the 2024-2025 season.

Earlier in the day, the Thunder and Grizzlies were scheduled to play each other. Derrick Favors and Ty Jerome had been rumored not to remain with the Thunder this season.

It was reported that Jerome was not participating in training camp. This led to speculation that the Thunder had contacted Jerome’s agents to figure out an exit strategy for Jerome.

Aside from the Memphis Grizzlies signing Ty Jerome to a two-year, $25.2MM extension, the Heat also agreed to a contract extension with guard Tyler Herro. The deal is worth $120 million and includes incentives worth another $10 million.

The deal will start after the 2020-2019 season. The deal brings two young stars under contract and a healthy balance of veterans and young players.

While the NBA off-season has a variety of issues, the Thunder have added Derrick Favors, Moe Harkless, Theo Maledon, and Derrick Jerome to their roster.

In addition to these players, the Thunder also acquired Sterling Brown and Marquese Chriss from the Atlanta Hawks. The three players will help the team’s depth.

Despite criticism over his poor play last season, Pokusevski has surprised his fans and teammates by breaking the NBA’s five-year record for 3-pointers made in a single game.

The only player to do it before James in 2003 was LeBron James. Whether he is a future All-Star or a bench player, his career is just getting started.

The deal with Jerome will keep his salary at a low level and allow Jerome to play more minutes. He’s been limited by injury throughout his career.

Last season, he missed 91 games. In the playoff race, that’s not the ideal situation. But this season, the Thunder will be cautious and keep him in the lineup for as long as possible. The play-in game is no longer a realistic goal.

Getting Leonard back on the court should not be overlooked. His talent and leadership are crucial to the team’s success. He is capable of leading the offense and scoring points.

He’s the driving force behind the Purple and Gold. And at age 37, he’s still one of the best players in the NBA.

Chicago Bulls have agreed to a four-year, $130 million contract extension with guard Tyler Herro – NBA News

The Chicago Bulls have extended the contract of guard Tyler Herro, giving him a guaranteed $120 million over the next four years.

The deal will prevent Herro from being traded during the 2022-23 season. He had hoped to earn a five-year extension, but now, his deal runs through 2027.

Herro averaged 20.7 points, 5.0 rebounds, and 4.0 assists last season. He also shot 44.7% from three-point range. The Bulls had until Oct. 18 to sign Herro to an extension.

Herro was a free agent in the summer and previously said he would not sign for less than his market value.

Herro was slated to enter his final rookie contract year this fall. With the new deal, Herro will remain with the franchise through the 2026-27 season. He will earn a salary of close to $30 million a year, which makes him a bargain.

Herro’s deal includes $17,188,836 in guaranteed salary and $10 million in incentives. His contract is worth a total of $130 million and will make him untradable next season. His new contract is also expected to be subject to NBA salary cap increases.

The contract also includes a one-year player option. Herro will be a key part of the Bulls’ rotation after the departure of Kevin Durant and Kyrie Irving, who are expected to remain in Brooklyn.

He is expected to compete with the second-year pro Omer Yurtseven for backup center minutes in the 2022-23 season.