Friday, July 19, 2013
NBA paying part of KD's salary
By Nick Borges
Kevin Durant is set to earn $17,832,627, $18,995,624 and $20,158,622 over the next three years and part of his salary will be paid by the NBA, reports Grantland's Zach Lowe.
Lowe tweeted Thursday night: "Owners today voted to reimburse Thunder several million $' for rule change new CBA applied retroactively to Durant's contract, per sources. ... New CBA allows for rare super-max extensions, and new CBA applied those higher amounts to Durant's extension — signed in '10, pre-lockout. ... The Thunder protested at the time, and Board today voted — not unanimously, I'm told — to pay OKC the difference between old and new Durant max."
Durant's contract was adjusted in 2011 to reflect that he hit the criteria to earn a max salary of 30 percent of the cap instead of 25 percent for players with 0-6 years of service.
While it's nice for the NBA to pay the difference, the Thunder would clearly prefer to have the lower amount towards the salary cap. They had to trade James Harden last season due to luxury tax concerns. The Thunder are currently under the 2013-14 line, however only by about $1.37 million.