OKC ThunderDome

Beyond…Waaaay Beyond…

UPDATE: Collison Signs Contract Extension for $11 million

Newsok.com reporting.  Nick celebrated by taking a charge.

OKC Thunder sign Nick Collison to contract extension

Nick Collison has shown an unwavering commitment to our organization through his willingness to accept various roles and his dedication to his teammates throughout his seven-year career with our franchise – Sam Presti.

 

Oklahoman’s Mayberry got a little Q&A time with Nick.

Update**

Marc Stein at ESPN breaks down the deal.  The Thunder GM Sam Presti has really created an interesting contract that awards both Collison and the team.

  • The Thunder had a $6.5 million cap space, which will vanish at the end of the season.
  • They decided to front-load Collison’s contract, accelerating a signing bonus into the current year.   This consumes the cap space and pays Collison $13.3 million in the current year.
  • The deal rewards Collison up front and demonstrates a loyalty to the young player whom the team is so high on.
  • After the initial lump sum, Collison’s salary goes way back down in subsequent years, making it very cap-friendly for when Durant’s extension kicks in, and for when Westbrook is due up for his first contract extension negotiation.
  • The deal insulates both the team and Collison from the potential looming lockout.
  • Kelly Dwyer at Ball Don’t Lie would like a loan.
  • A finance lesson here – Time Value of Money.
  • It is important to note that Jeff Green did not receive this kind of deal.  We’ll never know if he were offered a similar one, and if he was, what he knows about his free agency prospects that led in part to the negotiation breakdown.
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