Reports: Bosh agrees to three-year deal
Well, I was hoping for 5 years, but I guess this was a smart move
and seems to be the trend this year.
TSN.ca Staff with CP files
7/13/2006 1:06:04 AM
TORONTO (TSN.ca with CP) - Star forward Chris Bosh has agreed to a contract extension with the Toronto Raptors, but published reports indicate that the deal is not as long as the club had hoped.
According to ESPN.com and the Toronto Sun, Bosh has opted for a three-year deal with a player option for a fourth season.
The Raptors were hoping he would sign the maximum deal allowed under the NBA's salary cap rules - five years for about $80 million.
According to ESPN's website, Bosh will instead make about $40 million over three years, and if he picks up the option for a fourth season, the total would be around $60 million.
The exact totals can not be tabulated until the salary cap is set for the 2007-2008 season.
Bosh still has to play one more season under his rookie contract, so he will be locked up by the Raptors through the 2009-2010 season. After that season, he can trigger his option year or test the market as an unrestricted free agent.
Earlier this week, LeBron James of Cleveland and Dwyane Wade of Miami also opted for three year deals with a fourth year option. Carmelo Anthony of Denver took the five year package, but only because he got an opt-out clause he can trigger after year four.
An official announcement on the Bosh deal is expected within the week.
The Raptors have scheduled a news conference for Thursday at which they are expected to announce the signing of free-agent swingman Anthony Parker to a three-year deal worth up to $12 million.
Parker is a former first round NBA draft choice who hit it big in Europe. He has won the last two Euroleague MVP Awards while playing with Maccabi Tel Aviv.
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