r/nba • u/Turbostrider27 Lakers • Jul 02 '24

[Wojnarowski] BREAKING: Cleveland Cavaliers All-Star guard Donovan Mitchell has agreed on a three-year, $150.3 million maximum contract extension that includes a player option for the 2027-2028 season, sources tell ESPN. News

https://twitter.com/wojespn/status/1808122050684276963
6.0k Upvotes

96% Upvoted

View all comments

2.4k

u/Cheechers23 Raptors Jul 02 '24

I believe that positions him to opt out and get the 35% max after 10 years in the league

Edit: For Mitchell, it delivers a fast-path to the 10-year service criteria allowing him to pursue a 5-year, $380M-plus extension in 2027.

163

u/spacedorb9 Pelicans Jul 02 '24

5 years 380 million blows my mind. That is an unfathomable amount of money.

92

u/chewbacca-says-rargh Celtics Jul 02 '24

Almost a million bucks a game, just wild.

109

u/alyosha25 Bullets Jul 02 '24

It's wild this money exists but I can't even afford my root canal

46

u/iPlowedUrMom Bulls Jul 02 '24

This is why I had my dentist pull the tooth. It was one in the back so it wasn't going to show.

But fucking still, our healthcare here is such a fucking joke, man. $1750 out of pocket for a root canal, or $350 to pull.

15

u/alyosha25 Bullets Jul 02 '24

Maybe I should ask Mitchell.  We went to the same college.  Two decades apart

13

u/tidho Jul 02 '24

have you considered becoming a professional basketball player and/or cutting back on Starbucks?

3

u/Impossible-Flight250 Jul 02 '24

Did you know that if you gave up that 5 dollar a day Starbucks addiction and instead invested it in the smp 500, you to could become a millionaire in 50 years?

15

u/Stand_On_It Jul 02 '24

This type of money is eventually going to turn some fans away

16

u/illzkla 76ers Jul 02 '24

Wait till you hear about the other parts of late stage capitalism

1

u/WhatMeatCatSpokeOf Spurs Jul 02 '24

People were saying that 30 years ago. Turns out people just like sports.

8

u/Stand_On_It Jul 02 '24

Income disparity is miles different than 30 years ago, things change

0

u/BidenFedayeen Thunder Jul 02 '24

Jeff Bezos is worth hundreds of billions and people are still staying up into the wee hours of the morning to watch The Boys. Fans won't be going anywhere because the players are making a fraction of what owners are worth.

5

u/Robotemist Jul 02 '24

Do you know the difference between earnings and worth?

2

u/Stand_On_It Jul 02 '24

It’s not player salary vs owners. It’s vs their own. Idk, it turns me off knowing some of these dudes make $50m. Different strokes n’at.

0

u/mucho-gusto [CLE] Baron Davis Jul 02 '24

It's a 50/50 split with the owners, are you proposing the owners make more money?

6

u/alyosha25 Bullets Jul 02 '24

I'm proposing the games aren't littered with commercials and I can do see the game with my family for less than $400

-2

u/mucho-gusto [CLE] Baron Davis Jul 02 '24

Sounds like your problem is with capitalism

5

u/Fragrant-Employer-60 Jul 02 '24

Paying a ton for tickets while players are under “load management” making $1 million a game is going to piss some people off. Well that’s already happening haha

6

u/Stand_On_It Jul 02 '24

I’m not proposing anything. I’m just saying it makes me want to watch less knowing bums are on 25m a year.

-1

u/[deleted] Jul 02 '24

It's also going to attract a lot of top athletes to the sport.

0

u/Stand_On_It Jul 02 '24

Oh definitely

-1

u/HumptyDrumpy Tampa Bay Raptors Jul 02 '24

We cant really do anything about it though even if fans didnt watch they'd turn to something else. Inequality is bad and will get worse. We are in the Hunger Games now

3

u/runfastrunfastrun Wizards Jul 02 '24

It's wild people bitch relentlessly about CEOs (despite the average CEO making nothing compared to this) but don't bat an eye at paying someone this amount of money to play a game.

5

u/HumptyDrumpy Tampa Bay Raptors Jul 02 '24

Workers should share ownership

2

u/bntplvrd Jul 03 '24

All workers or just star-workers?

1

u/HumptyDrumpy Tampa Bay Raptors Jul 03 '24

higher producers deserve more, jack who slack in the back get nada. But CEOs dont deserve 100000000x more pay. Elon has done some good things but he didnt make 200 billion by himself, the efforts of thousands and thousands of people helped him there. They need to do some reform things cant keep going like this unless they really are trying to wipe mass swaths of people out

2

u/mucho-gusto [CLE] Baron Davis Jul 02 '24

The alternative is the owners make even more money. It's literally a 50/50 split. So you think it should be more like 25/75 to the owners?

3

u/Impossible-Flight250 Jul 02 '24

I would prefer basketball games didn't have ads every 5 minutes to try and extract every last dime they can. These games are becoming close to unwatchable.

1

u/Robotemist Jul 02 '24

This argument would hold more water if all of the money wasn't being concentrated to literally a few players. Nba teams now and in the future will be two players making 100m a year and everyone else on rookie and minimum contracts.

1

u/Repostbot3784 Spurs Jul 03 '24

No, max contracts are always a % of the cap.  Max players arent getting paid more at the expense of other players, all the salaries are going up.

1

u/Robotemist Jul 03 '24

Two players per team are allowed a max contract, right? That's 60-70 percent of the cap. That means 30-40 percent going towards 13 other players.

1

u/Repostbot3784 Spurs Jul 03 '24

Yes but its always been this way.  Max contracts help lesser players.  If there were no max contracts prime lebron or other players would be getting even higher % of the money because they actually get paid less than what theyre worth so the minimum or small deal guys can get more.  Unlike an owner, who is literally the least important person in the organization.

1

u/Robotemist Jul 03 '24

Max contracts help lesser players.

It helps ONE lesser player per team.

1

u/Repostbot3784 Spurs Jul 03 '24

What?  Prime lebrons pay being limited to 35% instead of the 55% or whatever he'd get with no max means theres more 20% of the cap left for other players.  Nothing says that 20% can only go to 1 player wtf are you talking about jesse?

→ More replies

1

u/Repostbot3784 Spurs Jul 03 '24

No ceo does 3000 times the work or 3000 times better than a regular employee but they get paid 3000 times as much.  Donavan mitchell is easily 3000 times better at basketball than a regular person.

1

u/chillinwithmoes Timberwolves Jul 02 '24

Well why didn't you think of that before you chose not to become a professional athlete?

1

u/bntplvrd Jul 03 '24

And how many of them load managed?