Sport Robert Covington's contract extension could be key to Sixers' future

19:02  03 november  2017
19:02  03 november  2017 Source:

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A few months ago, I made the case for the Sixers to sign Robert Covington to an extension this summer. By using the renegotiate and extension , the Sixers can creatively and exclusively negotiate a new contract for Covington , taking into account future flexibility, while also rewarding

The Sixers will soon have to decide on Robert Covington ‘ s contract extension . Let’s take a look at what his role would be with a more stable roster. He’s not a focal point on that side of the ball anymore, which could be both good and bad.

While NBA teams have been able to renegotiate and extend contracts for a while, Russell Westbrook and James Harden are the faces of a new resurgence that coincided with the 2016 salary cap jump. Robert Covington should be the next key player to renegotiate and extend his contract, but the example to look to is Westbrook and Harden’s Thunder teammate Nick Collison.

Back in 2010, Sam Presti and Oklahoma City had an unusual situation because the Thunder possessed both cap space and a slew of talented rising stars still getting paid on bargain basement rookie scale deals. They knew eventually those players would get paid (one in Houston, but that story is for a different day), so the best way to spend that temporarily available space was in a way that had short-term costs and long-term benefits.

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And many Sixers observers could reasonably foresee the 6’9” forward joining the Jarvis Varnados And while these players are rarely considered key cogs worth structuring a team around, they can Unfortunately for everyone not named Robert Covington , his laughably cheap contract couldn’t last

* July 1st: Robert Covington ’ s contract can be extended . * June 30th: Last day the Sixers can extend . Note: The deadline for Covington ’ s extension will occasionally be listed as the end of October, but that is only the deadline for players on a rookie scale contract .

MORE: Which teams could have big cap space in 2018?

What Presti and the Thunder did was give Collison a $6.5 million bump for the 2010-11 season and extended his contract for an additional $11 million and four years, adding four seasons and $17.5 million, but putting more than one-third of that money on the 2010-11 books.

The Sixers have a similar situation with about $15 million in salary cap space for this season and a desire to minimize their expenses for when Joel Embiid, Ben Simmons, Markelle Fultz and their other young talent receive their own raises off rookie scale contracts. Collison’s 2010 contract inspired changes in the ensuing Collective Bargaining Agreement, but the Sixers front office can still follow that basic idea later this year.

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As part of the press release, the Sixers revealed a fact I was not even cognizant of: Covington The real work on his contract is still yet to be done. Bryan Colangelo can work on an extension indicated to Liberty Ballers that working something out to solidify Covington ’ s future is a major priority for the

The # sixers are interested in signing F Robert Covington to an extension this offseason, per source. After Kent Bazemore received a 4 year, million contract , Covington — whose value is similar, if not more pronounced on the defensive end — could approach, or surpass, such a number

Under the current rules, a renegotiated and extended player can have a 40 percent drop in their salary from the final renegotiated year to the first new season of the extension, which would be 2018-19 in this case. That means bumping Covington’s current salary all the way from $1,577,230 to $16,698,103 (the maximum allowed using Philadelphia’s current cap space) could open the door for a $10.02 million starting salary in 2018-19 and an overall four additional years and $50.4 million — $15.1 million added this season and $35.3 million in the four new seasons.

Of course, that is only the minimum contract value of a renegotiation and extension using this approach. Covington could say he wants more than $50 million in new commitments since that would be the same as a $12.6 million annual salary on the open market next summer, and he could make meaningfully more than that as a talented defender who can shoot 3-pointers (48.2 percent from deep through eight games this season).

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Yesterday afternoon, Adrian Wojnarowski of ESPN reported that the Sixers and Joel Embiid had agreed to a five-year, 8 million contract extension , which could reach 8 million if certain considerations were met. If option picked up by Oct 31 2017. Robert Covington .

Future Draft Picks. Sixers -Kings Trade FAQ. Sixers Mailbag: Can the Sixers sign a max free agent next summer? robert covington sixers . Related Posts. Sixers Beat #116 – Joel Embiid Contract Extension ?

If the front office agrees, the Sixers could keep the 2017-18 component the same and simply add more money in future seasons, though that either reduces their summer of 2018 salary cap space, increases their eventual luxury tax bills or both. Depending on their motivations, they could follow the above structure and have the later years decline in salary, or have them increase to maximize 2018 cap space but make future seasons more expensive.

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The Sixers have something strong in their corner, too: security. While Covington would be an unrestricted free agent next summer and thus not artificially limited by the restricted system, there are simply not that many teams with significant money to spend in 2018.

On top of that, Covington has made less than $5 million in his career so far, and this deal would lock in truly life-changing money more than seven months in advance. He does not need to look far to see how quickly injuries can change a player’s financial prospects.

One significant factor in contract structure for those future seasons is how Philadelphia sees its 2018 cap space. Agreeing to a max extension with Embiid moves his cap hold from $18.3 million to a projected $25.3 million, trimming $7 million off the Sixers' July spending power. A new agreement with Covington would push his hold from about $1.5 million to that new number, meaning another $8.5 million reduction to the Sixers’ 2018 flexibility.

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That will change before the season ends, as Robert Covington ’ s contract will likely be renegotiated and extended as well JJ Redick’ s contract tops the Sixers ’ rookie-deal-heavy roster sheet, but he is signed to just one year. Embiid’s health could risk that future together; hesitancy about paying

They exercised their option on Robert Covington for next season on Wednesday. Saric worked his entire career to be the best player he could be . Simmons is a key piece for the Sixers ’ future , not just the 2017-18 season.

The front office’s recent decision to decline Jahlil Okafor’s $6.3 million option made clearing space a little easier, but Philadelphia will need to decline to make Nik Stauskas a qualifying offer to make the most of its opportunities, especially since 2018 draft picks will eventually take a chunk out of their space. The Sixers will not know exactly how big a chunk until draft lottery night in May.

a man standing in front of a crowd: Sixers forward Robert Covington © (Getty Images) Sixers forward Robert Covington

Still, that eventual amount around $20-25 million should be enough for Avery Bradley, Kentavious Caldwell-Pope, Danny Green or whomever else management prioritizes in free agency.

There could certainly be some potential negotiation that still needs to happen, but a significant reason a Covington renegotiation and extension has not happened yet is timing. Covington signed his current contract later in 2014 (Nov. 15th), so the third anniversary of the signing has not happened yet, and even if a deal is agreed to already, it cannot happen before then. That raises the possibility or even likelihood that both sides know what will happen and are simply biding time.

While Covington does not generate the excitement of Embiid, Simmons or Fultz, the Sixers front office could solidify their future with some creative accounting while still maintaining enough flexibility for another big difference-maker in free agency next summer.

Carlos Hyde isn't interested in talking extension until 49ers win .
The Niners could get their first win of the year this Sunday, when they face the 1-7 Giants.The San Francisco running back said it's simply not on his mind at the moment, and that his focus is not having the 49ers join the 2008 Lions as the only teams in NFL history to go 0-16.

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