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Post by Cleveland Cavaliers on Feb 7, 2010 0:32:50 GMT -5
4 years/$47 million
1st Year: $11,000,000 2nd Year: $11,500,000 3rd Year: $12,000,000 4th Year: $12,500,000 Total: 4 Years, $47,000,000
Elton has been the cornerstone of the Cleveland franchise ever since I have been in control of this team. With his substantial decline in rating the past year, we are not going to give up on him, as he is still a central part of this team. We feel this offer gives him financial security for the rest of his career, despite the decline in rate that comes with age.
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Post by Los Angeles Clippers on Feb 7, 2010 10:06:09 GMT -5
Elton appreciates all that the Cavaliers have done for him. He still thinks he can play at a high level, but he understands that he just hasn't quite been getting it done the same way he used to, lately. Here is what we would like to see.
Add a million to each year's salary. This is the same contract David Lee got, and while David's a very talented offensive player, his defense isn't really on the level of Elton's, even with somewhat of a decrease on offensive value by Elton, we think he's worth a little more at this point than David.
A player option in year 2, just in case he does begin to produce much better in real life. Now, because we think a player option after just one season is a little rare, we're going to allow you to put in a Team Option in year 3 or 4, your choice.
Thank you.
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Post by Cleveland Cavaliers on Feb 7, 2010 13:13:45 GMT -5
The Cavaliers franchise realizes that Elton has been a catalyst to our teams success over the past 3 years, and will try to meet his needs as best as they can. Looking at the demands of Brand, we want to see if we can come to some common ground as far as money and options go.
Although the first year salary was not raised, we would like to ask Elton to take a cut in the first year to better make our team a player in free agency and just to have more cap space. We realize this offer is not what was demanded by the player agent, but, in order to balance out the first year differential, we will offer this deal without a team option in the third or fourth year, so it gives Elton a better financial opportunity if indeed he does not produce like he used to.
New Offer:
1st Year: $11,000,000 2nd Year: $12,500,000 (Player Option) 3rd Year: $13,000,000 4th Year: $14,500,000
Total: 4 Years, $51,000,000
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Post by Los Angeles Clippers on Feb 7, 2010 16:59:20 GMT -5
We are sorry to change our tune a little here, but we had some long talks over lunch, and we've decided we want a little bit differently structured contract. Something more like the following, is what we think would be appropriate for Elton's current situation.
Year 1: $14,000,000 Year 2: $12,000,000 (Player Option) Year 3: $10,000,000 Year 4: $9,000,000
Total: 4 years, $45,000,000
We think it's clear that Elton is declining, but for this year he's still a great 86 rating. Next year he likely won't fall too far either, so the 12 million will not be too bad. As he gets older, he'll continue to get a lower rating, so the contract should reflect that.
For the good of the league, we do not want Elton making 13 and 14 million dollars when he is 33-34 years old, and probably down to a high 70's rating at best. This gives him the most money when his rating is the highest, which just makes sense to us.
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Post by Cleveland Cavaliers on Feb 8, 2010 22:03:53 GMT -5
Cleveland accepts the above offer.
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