NBA free agents: TV riches drive huge new contracts - News Summed Up

NBA free agents: TV riches drive huge new contracts


There is more money to go around because of a new nine-year TV rights contract worth $24 billion that takes effect during the 2016-2017 season. But it's a "soft" cap -- teams can and often do exceed it. And, point guard Jerryd Bayless went from a two-year contract with the Bucks that was worth $6 million to a three-year contract worth $27 million with the Sixers. With teams each having roughly $24 million more to spend, players in the league are commanding unprecedented contracts. James averaged 26.3 points during the NBA Playoffs and earned a ranking of "Earned Their Keep" in CNNMoney's Player ROI Ranking.


Source: CNN July 02, 2016 21:11 UTC



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