Can anyone explain Austin Rivers NBA contract to me?

  1. OutDaremagazine profile image60
    OutDaremagazineposted 5 years ago

    Can anyone explain Austin Rivers NBA contract to me?

    The initial reports I read stated he signed a three year guaranteed contract for $5.8 million with roughly $1.9m his first year. However now I read that the third year is a team option and his base salary for his first year is $2.238m with a similar number his second and (optional) third year. These numbers just dont seem to add up to me. Can anyone explain this to me?

  2. petertebin profile image70
    petertebinposted 5 years ago

    The contract is basically a 2 year deal with 2 club options. What I have found is that he is due:

    2,238,360 million in Season 1
    2,339,040 million in Season 2
    2,439,840 million in Season 3 (Club Option)
    3,110,796 million in Season 4 (Club Option)

    The guaranteed part comes from what his buyout would be for the 2014 NBA Season basically. I can find the total for what the buy out would be for but I would say around 1.2 million dollars!