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Thunder Sign Nick Collison to Multi-Year Extension


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Thunder signed C Nick Collison to a multi-year contract extension.

 

http://www.rotoworld.com/images/headshots/NBA/938.jpg

 

Collison is a big body and insurance in case Nenad Krstic goes down. His contract was set to expire at the end of this season.

 

rotoworld

 

Collison isn't a very flashy or big-named player, but he's still a very solid piece of the Thunder. He averages just 4 points, and 4 rebounds per game, but that's in very limited minutes. Like the article says, he is mainly a backup center for when/if Krstic goes down. Collison is an above-average replacement if that happens. Very solid move for Oklahoma City, and a good idea as well.

 

Thoughts?

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Update for the figures

 

2011: $3.3M, 2012: $2.93M, 2013: $2.57M, 2014: $2.22M (roughly)

 

i was thinking around the 4mill mark but whatever the case was this is very cheap and collison could of easily imo got 5-6mill if he hit FA

 

smart move by thunder leaves more cap in the future to sign/resign our players

also this still leaves us the option to go after a big guy this offseason, e.g. marc gasol

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That's a sweet deal for a serviceable big man.

 

EDIT: Holy god.

The Thunder -- as a team roughly $6.5 million under the salary cap before re-signing Collison -- took advantage of their below-the-cap status to unexpectedly award Collison all of that space as a signing bonus that takes his 2010-11 compensation to a whopping $13.3 million.

 

Signing bonuses in extensions are usually pro-rated through the life of the contract. Teams under the cap, though, can apply the entire signing bonus at the time the extension is signed, as long as the bonus doesn't exceed the available cap space.

 

So Oklahoma City's motivation here is fairly obvious, no matter how strange it looks to suddenly see All-Star dollars attached to Collison's name in this season's NBA salary documents ... and then a smaller figure for the next four seasons combined.

 

Source

 

That is...rather weird.

Edited by Newman
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its a very smart move by presti makes sense now that i thought collison was taking a huge pay cut

 

by giving our cap space to collison now(13mill) in his final seasons thunder will only have to pay him less in his final yeas 2011: $3.3M, 2012: $2.93M, 2013: $2.57M, 2014: $2.22M (roughly) which leaves us to re-sing guys like ibaka, harden, westbrook etc in the future..

it might seem like a outrageous price tag but really its not, break it down and his only earning i think around 2.6mill each a year

 

its a very smart move and a good one

Edited by MoeRoadKill
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