Dennis Schroder: 4 Players who made worse contract decisions
By Ronald Agers
If Dennis Schroder had talked to KCP, he might not be a in a Lakers uniform, but would have got more money!
Remember back when Rob Pelinka called Kentavious Caldwell-Pope “Manna from Heaven”? Well KCP was put into that situation by signing a one-year $17.8 million contract with the Lakers betting on himself in restricted free agency while turning down a five-year, $80 million extension from the Detroit Pistons.
The Pistons renounced the offer and their rights on him and flat out wouldn’t offer their max at $105 million.
Most players would have taken the long-term deal. Caldwell-Pope didn’t and ended up receiving a higher base salary that season than he would have gotten with the $80 million extension.
Confused yet? Who can blame you. That’s why Lake Show Life will let NBA Cap guru, Larry Coon explain via his CBA FAQ.
"“In order to make their free agent a restricted free agent, a team must submit a qualifying offer to the player between the day following the last game of the NBA Finals and June 29. The qualifying offer is a standing offer for a one-year guaranteed contract, which becomes a regular contact if the player decides to sign it. This ensures that the team does not gain the right of first refusal without offering a contract themselves. The amount of the qualifying offer depends on the situation…”"
At any rate, KCP resigned to the Lakers at a much lower rate in his next contract for more security and even got a NBA title out of the deal.
Still not convinced yet to stop clowning Dennis Schroder Lakers fans? $75 million is a ton on money and he lost more than Noel and KCP won out right? Well, it’s time to start looking at the dark stories of players losing money. Read on…