“Derrick Rose Rule”; a fair chance for rookies to get a significant pay raise: NBA Update
According to the latest reports, apart from hard salary cap and Basketball Related Income, a new rule regarding rookies’ contract will also be introduced in the New Collective Bargaining Agreement (CBA).
This rule is a part of the frame work that was decided by the National Basketball Association Commissioner David Stern and players union Executive Director Billy Hunter in their last meeting in which, the two sides eventually scratched
out a handshake deal.
This new rule about the rookies wouldn’t just benefit the owners, but it’ll also motivate the young blood to give their 100 percent each night they come out on the court.
As per this new rule, a rookie can earn more money in his second deal, even more than pro, if he falls in the category of an elite player. The rest of the conditions remain the same. This raises the question how the league will
determine that a rookie is elite or not.
This was where Derrick Rose, the Chicago Bulls point guard solved the quandary.
The explanation of this part goes like this. In the new labour deal the rookies will be allowed to sign their second deal after playing four seasons in the NBA. During these four seasons a rookie should either win the Most Valuable
Player award or get selected as an All-Star game starter twice in his first four seasons or get picked up for any position in the All-NBA teams in his four seasons.
If a rookie remains successful in attaining any of these targets then he will eligible to receive as much as 30 percent of the franchise salary cap in his deal. This limit was previously held at 25 percent. Although, five percent
doesn’t sound too much, but if you take a five percent of a rookie’s salary that’ll make $3 million.
At the moment only Rose qualifies to make five percent more once he signs his second deal after three seasons. However, Oklahoma City Thunder’s Kevin Durant and Russell Westbrook are not far behind. Another good season might see
them earning big bucks that early in their career.
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