After doing some further due diligence and with the help of Ryan Wolstat at SunMedia it appears that the reason that Weems has not been given a contract extension is because
under the current CBA rules the Raptors can not extend Weems current contract.
From an email that he sent me yesterday
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under the current CBA rules the Raptors can not extend Weems current contract.
From an email that he sent me yesterday
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Yep, that's what I'm saying. I believe the same thing happened with Calderon. People wanted them to extend him, but they couldn't until his old deal expired.
Here's the rules:
52. Can existing contracts be extended?
Contracts for fewer than four seasons may not be extended. Longer contracts can be extended under certain circumstances:
Type of contract When signed Can be extended
Six or seven seasons Prior to July 1, 2005 Four years after contract signed
Six seasons On or after July 1, 2005 Three years after contract signed
Four or five seasons Any Three years after contract signed
Extended contracts Any Three years after extension signed
Renegotiated contracts* Any Three years after renegotiation signed
Rookie scale contracts Any From the day following the July moratorium to the October 31 preceding the player's last option season**
* If renegotiation provided a salary increase greater than 10%.
** Provided the team had previously picked up the option for that season. The deadline is the following business day if October 31 falls on a weekend or holiday.
Except for extensions of rookie scale contracts (which must be signed by October 31), extensions may be signed up to June 30, the day before the player would have become a free agent.
Rookie scale contracts may be extended for up to five seasons beyond the player's last option season, bringing the total contract length to six seasons. All other extensions are limited to five seasons, including the seasons remaining on the current contract (even if extended in late June, the current season counts as one full season toward the total). For example, a contract with two seasons remaining may be extended for up to three additional seasons.
The salary in the first year of an extension to a rookie scale contract may be any amount up to the player's maximum. For all other extensions, the salary in the first year of the extension is limited to 110.5% of the salary in the last year of the existing contract. However, it also can't exceed the maximum salary the player can receive if he were to sign a new contract that year as a free agent (see question numbers 11 and 12).
This poses an interesting problem -- if an extension takes effect three years from now, how do they set the salary if the maximum salary (and therefore the maximum amount for the extension) won't be known for three years? What they do is write the extension to include the maximum 10.5% raise (assuming the team agrees to give the player that much). Then when the extension takes effect and the maximum salary for that season is known, the extension salary is amended if necessary.
An example is in order. Shaquille O'Neal's contract was extended prior to the 2000-01 season. His original contract ran through the 2002-03 season, in which he made $23,571,429.20. The first year of his extension, 2003-04, was originally written for (the then-maximum) 112.5% of this amount, or $26,517,857.85. As a 10+ year veteran, O'Neal's salary couldn't exceed 105% of $23,571,429.20, or the 2003-04 maximum salary for a 10+ year veteran (which turned out to be $15,344,000), whichever is greater. That means O'Neal's 2003-04 salary could not exceed $24,750,000.66 (using 105% of his previous salary, since that was the greater of the two). O'Neal's extension was therefore amended downward to the maximum ($24,750,000.66) once the 2003-04 maximum salary was determined.
Raises in each year of an extension to a rookie scale contract are limited to 10.5% of the salary in the first year of the extension. For all other extensions, raises are limited to 10.5% of the salary in the last year of the existing contract. If the salary in the first year of an extension is amended as described above, then all subsequent years of the extension are also amended to accommodate the maximum raise, if necessary.
53. Can existing contracts be renegotiated?
A contract for four or more seasons can be renegotiated after the third anniversary of its signing, extension, or renegotiation that increased any season's salary by more than 8%. Contracts for fewer than four seasons cannot be renegotiated. A contract cannot be renegotiated between March 1 and June 30 of any year. Only teams under the cap can renegotiate a contract, and the salary in the then-current season can be increased only to the extent that the team has room under the cap. Raises in subsequent years are limited to 10.5% of the salary in the first renegotiated season. The renegotiation may not contain a signing bonus. Contracts cannot be renegotiated downward (players can't take a "pay cut" in order to create salary cap room for the team) or to contain fewer seasons.
Again, a team over the salary cap cannot renegotiate a contract. An interesting case of this was Shawn Kemp with the Sonics. Kemp, who was unhappy with his contract and wanted to renegotiate, could not get a larger contract from the Sonics because they were over the cap. Kemp forced a trade to Cleveland, who was far enough under the cap at the time to give him the large contract he wanted. Kemp's contract was renegotiated soon after the trade.
Here's the rules:
52. Can existing contracts be extended?
Contracts for fewer than four seasons may not be extended. Longer contracts can be extended under certain circumstances:
Type of contract When signed Can be extended
Six or seven seasons Prior to July 1, 2005 Four years after contract signed
Six seasons On or after July 1, 2005 Three years after contract signed
Four or five seasons Any Three years after contract signed
Extended contracts Any Three years after extension signed
Renegotiated contracts* Any Three years after renegotiation signed
Rookie scale contracts Any From the day following the July moratorium to the October 31 preceding the player's last option season**
* If renegotiation provided a salary increase greater than 10%.
** Provided the team had previously picked up the option for that season. The deadline is the following business day if October 31 falls on a weekend or holiday.
Except for extensions of rookie scale contracts (which must be signed by October 31), extensions may be signed up to June 30, the day before the player would have become a free agent.
Rookie scale contracts may be extended for up to five seasons beyond the player's last option season, bringing the total contract length to six seasons. All other extensions are limited to five seasons, including the seasons remaining on the current contract (even if extended in late June, the current season counts as one full season toward the total). For example, a contract with two seasons remaining may be extended for up to three additional seasons.
The salary in the first year of an extension to a rookie scale contract may be any amount up to the player's maximum. For all other extensions, the salary in the first year of the extension is limited to 110.5% of the salary in the last year of the existing contract. However, it also can't exceed the maximum salary the player can receive if he were to sign a new contract that year as a free agent (see question numbers 11 and 12).
This poses an interesting problem -- if an extension takes effect three years from now, how do they set the salary if the maximum salary (and therefore the maximum amount for the extension) won't be known for three years? What they do is write the extension to include the maximum 10.5% raise (assuming the team agrees to give the player that much). Then when the extension takes effect and the maximum salary for that season is known, the extension salary is amended if necessary.
An example is in order. Shaquille O'Neal's contract was extended prior to the 2000-01 season. His original contract ran through the 2002-03 season, in which he made $23,571,429.20. The first year of his extension, 2003-04, was originally written for (the then-maximum) 112.5% of this amount, or $26,517,857.85. As a 10+ year veteran, O'Neal's salary couldn't exceed 105% of $23,571,429.20, or the 2003-04 maximum salary for a 10+ year veteran (which turned out to be $15,344,000), whichever is greater. That means O'Neal's 2003-04 salary could not exceed $24,750,000.66 (using 105% of his previous salary, since that was the greater of the two). O'Neal's extension was therefore amended downward to the maximum ($24,750,000.66) once the 2003-04 maximum salary was determined.
Raises in each year of an extension to a rookie scale contract are limited to 10.5% of the salary in the first year of the extension. For all other extensions, raises are limited to 10.5% of the salary in the last year of the existing contract. If the salary in the first year of an extension is amended as described above, then all subsequent years of the extension are also amended to accommodate the maximum raise, if necessary.
53. Can existing contracts be renegotiated?
A contract for four or more seasons can be renegotiated after the third anniversary of its signing, extension, or renegotiation that increased any season's salary by more than 8%. Contracts for fewer than four seasons cannot be renegotiated. A contract cannot be renegotiated between March 1 and June 30 of any year. Only teams under the cap can renegotiate a contract, and the salary in the then-current season can be increased only to the extent that the team has room under the cap. Raises in subsequent years are limited to 10.5% of the salary in the first renegotiated season. The renegotiation may not contain a signing bonus. Contracts cannot be renegotiated downward (players can't take a "pay cut" in order to create salary cap room for the team) or to contain fewer seasons.
Again, a team over the salary cap cannot renegotiate a contract. An interesting case of this was Shawn Kemp with the Sonics. Kemp, who was unhappy with his contract and wanted to renegotiate, could not get a larger contract from the Sonics because they were over the cap. Kemp forced a trade to Cleveland, who was far enough under the cap at the time to give him the large contract he wanted. Kemp's contract was renegotiated soon after the trade.
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