Lewis' expensive sixth year incentive based
10:12 PM EDT, July 12, 2007
Magic SF Rashard Lewis wanted a sixth year to sign with the club, but that final season is only partially guaranteed and he will have to meet certain incentives for it to fully kick in.
NBA executives were alarmed and puzzled after the Magic doled out a six-year contract estimated at $118.5 million to Lewis, who officially signed as a free agent Wednesday.
Addressing claims that the club significantly overpaid for Lewis, team President Bob Vander Weide said the Magic managed to get Lewis to agree to meet some provisions before they executed a sign-and-trade with Lewis' old team, the Seattle SuperSonics, that gave him a six-year deal.
Lewis will have to meet some incentives before the sixth year -- valued at an estimated $23.8 million -- becomes fully guaranteed.
"Before we'd agree to get into a sign-and-trade agreement with the player we wanted him to appreciate performance first,'' Vander Weide said. "The deal could be worth ($118.5 million) before it's all said and done or it may not. We really won't know until the contract is complete."
Lewis' sixth year incentive based
The Magic said they were hoping to re-sign Milicic, too, by creating salary-cap space, but they couldn't work a deal to move players. They said the SuperSonics originally wanted point guard Jameer Nelson, shooting guard J.J. Redick and small forward Trevor Ariza, plus two future first-round draft picks.
"They wanted all that and then some," Smith said.