Nuances. That’s what contract negotiation often times boils down to. You think you got your client the best deal possible until a more clever agent finds a way to add in that extra clause into his client’s deal that serves as the cherry on top. Deron Williams and Chris Paul are undoubtedly ecstatic with their max contract sthat will pay them up to $70 million over four-years. But what else can an agent insert into a max contract to make it a max-plus contract? Ross Siler and Steve Luhm of The Salt Lake Tribune look into it…
- Trade kickers – Paul has a 15% trade kicker. If Paul gets traded, the Hornets will have to pay him an extra 15% on whatever he is owed.
- Money up front – Get a bulk of dough (up to 20%) early in a signing bonus and have the rest spread out through the contract. Allows a player to invest (yeah…right) the money early, allowing it to outgrow inflation.
- Large check each year – Instead of your client’s yearly salary being spread out evenly in multiple checks by month, he can get up to 70% per year in one check and have the rest spread out.
So next time you hear a superstar signing a max contract, you should look into whether it is actually a max-plus contract.