It looks official:
The Toronto Raptors reached an agreement on a contract extension with forward DeMar DeRozan ahead of Wednesday's midnight deadline, sources told ESPN.com.
DeRozan has agreed to the structure of a deal that would pay him $40 million over the next four years, plus incentives. It is expected the contract will be finalized after the Raptors play the Indiana Pacers in their season opener.
The athletic DeRozan averaged 16.7 points and 3.3 rebounds for the Raptors last season and has been one of the cornerstones of the franchise's rebuilding project over the last two years.
WTF. Man I'd like to have BC as a boss. $40 over 4??? And he didnt even have to do it? I am neither a DD nor BC downer but this doesnt make sense.
What most of you seem to forget is that there are teams out there that are willing to pay just as much money to obtain him. Is Demar worth the $40 million we're paying him? Probably not (well not at the moment). He's worth more around $7-8 million per year, but what something is worth is not the same as the amount pay for to obtain it for yourself Let's look at an everyday example. Let's say that you want to buy an antique at an auction. An expert says that the antique is worth about $300. At an auction, you have multiple interested buyers. You might just have to pay more than $300 to outbid and secure the antique for yourself. You might have to pay $400 or even higher. The same goes for Demar at the moment. Are we overpaying him? Yea probably a little, but we have no choice if we want to keep him. I'm almost 110% sure that he won't agree to a 4 year $32 million contract and he will accept a 4 year $40 million contract from an opposing team.
It is too much? Probably
Is it going to kill their financial flexibly ? Probably not
I'm OK with it I suppose, the Kid has his faults but does work hard.
Update: Deal is actually for 38 millions / 4 years;
So that's 9.5 millions /year for Derozan.
So considering Stephen Curry got 11 millions/ year.
Leave it alone. Deal is Ok. He'll earn the money.
Unbelievable. So much money for one of the league's worst players.
I am pretty disappointed.
Bird Rights, MLE, and minimum contracts remain.
PS> I understand that Terence ain't ready yet. Didn't we also sign Landry Fields (a guy that at least defends and rebounds better)? Time to pull out my Demar dunce cap Avatar pic once again!!!
WTF is Colangelo thinking. Derozan is a below average starting sg. I'd almost rather have Anderson starting at the 2, he can defend, shoot, and rebound