How Tony Parker’s extension affects Rajon Rondo’s contract situation
|08.01.14 at 5:41 pm ET|
Tony Parker inked a three-year contract extension with the Spurs for an estimated $43.3 million, according to Yahoo’s Adrian Wojnarowski, but does it have any bearing on Rajon Rondo‘s current status with the Celtics?
In roughly the same salary situation — Parker will make $12.5 million to Rondo’s $12.9 million this season — the former chose the max extension available to him right now, a presumed 7.5 percent annual increase averaging $14.3 million from 2016-18.
Rondo can accept a similar deal now or wait until next summer, when he could max out at an estimated $20.9 million annually from 2015-20. It’s easy to see why Rondo has stated his intention to fulfill the final year of his deal and become a free agent in 2015.
Parker, 32, is four years older than Rondo and will have already made $107.5 million when his extension kicks in next year. He’s also quite comfortable in San Antonio, where he has won four NBA titles and Spurs coach Gregg Popovich has created an atmosphere that keeps stars coming back for below market value.
Of course, Rondo also inked a team-friendly deal when the Celtics were winning, signing a five-year extension worth $55 million in 2009, but he doesn’t quite have that same motivation to stay in Boston now.
Even if he won’t consider an extension now, one reason Rondo should at least think about it is his ability to play his way into another big payday at age 32 — as the Spurs point guard just did. In 2018, Rondo would be eligible to receive as much as a third of the salary cap two years after the new TV deal sends the league’s figure soaring. If he signs a four- or five-year deal next summer, he’ll be pushing 34 after the deal and more likely facing a pay cut.
There’s also an argument that Rondo won’t fetch a max contract next summer. Only Chris Paul ($20.1 million), Deron Williams ($19.8M) and Derrick Rose ($18.9M) will make more this season than the $18.2 million Rondo is expected to seek in 2015-16. If his agent believes he won’t fetch more than $15 million annually on the open market, Rondo might be wise to accept a Parker-esque extension now. Unless, of course, he plans to obliterate the league in his first full season since ACL surgery and vault himself back into conversations that include Paul and Rose.