DeMarcus Cousins to lose around $30 million due to trade to Pelicans
Cousins stands to miss out on a lot of money — about $30 million or more — due to this trade.
DeMarcus Cousins will be traded to the Pelicans and the big man is projected to “lose” around $30 million due to trade to New Orleans.
Per NBC Sports, Cousins stands to miss out on a lot of money — about $30 million or more — due to this trade.
Because he made All-NBA teams the last two seasons, he was eligible to sign a designated-veteran-player contract extension this summer. As a matter of fact, he reportedly planned to do just that with Sacramento reportedly planning to offer it. That extension projected to be worth $209,090,000 over five years ($41,818,000 annually).
But, once officially dealt, Cousins will no longer be eligible for that super-max extension. It’s reserved for players still with their original team or who changed teams only via trade during their first four years.
This is Cousins’ seventh season, dropping his max starting salary in 2018 from 35% of the salary cap as a designated veteran player to 30%. That projects to be $179,220,000 over five years ($35,844,000 annually) if he re-signs.
It’d be even less if he leaves New Orleans, a projected $132,870,000 over four years ($33,217,500 annually).
Per NBC Sports, Cousins stands to miss out on a lot of money — about $30 million or more — due to this trade.
Because he made All-NBA teams the last two seasons, he was eligible to sign a designated-veteran-player contract extension this summer. As a matter of fact, he reportedly planned to do just that with Sacramento reportedly planning to offer it. That extension projected to be worth $209,090,000 over five years ($41,818,000 annually).
But, once officially dealt, Cousins will no longer be eligible for that super-max extension. It’s reserved for players still with their original team or who changed teams only via trade during their first four years.
This is Cousins’ seventh season, dropping his max starting salary in 2018 from 35% of the salary cap as a designated veteran player to 30%. That projects to be $179,220,000 over five years ($35,844,000 annually) if he re-signs.
It’d be even less if he leaves New Orleans, a projected $132,870,000 over four years ($33,217,500 annually).
E. Carchia
@Sportando
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