Porter, who turned 22 earlier this season, is set to enter the fourth and final season (2022-23) of his rookie contract that he signed after being selected in the first round of the 2019 NBA Draft.
Kevin Porter, Jr. has been the subject of debate recently regarding a possible extension. In any extension scenario for Porter Jr. , likely to be a team friendly deal, league sources told HoopsHype. Houston prioritizes its next summer cover space. Given that the qualifying bid for Porter Jr.’s potential starting criteria would be around $8.5 million, it’s unlikely the Rockets will want to offer much more than that when they can go to free agency tied up with him next summer.
For the Rockets and General Manager Rafael Stone, the critical number to watch is $9.7 million. This is it “holding cap— if no extension — to make Porter a restricted free agent in 2023 and potentially sign it on top of any third-party add-ons. Because the missiles will have bird rights On Porter, they can override the limit to do so, and Porter’s restricted state will allow the team to match any outside bid to keep.
If Porter is open to making an extension in which the starting salary is at least similar to the reservation cap number, it may make sense for the Rockets to close the deal early. There won’t be many downsides, as Porter’s cap is likely to be steady at $9.7 million on records, even if the team does nothing on the extension front. Porter has already shown enough promise as a player that it is hard to imagine a scenario in which the Rockets would want to let him leave the team in 2023 without compensation.
Moreover, there could be a real upside, because it is at least possible that a strong season by Porter in 2022-23 could boost his next contract to an even higher price point. For Stone, this could be a “buy low” opportunity, especially if Porter agrees to a team friendly deal in exchange for the upside of getting a long-term financial guarantee a year earlier than expected.
In Porter’s view, while he could be gambling on a solid season and a more lucrative contract within a year, it would be perfectly understandable if he didn’t want to miss his first chance at a guaranteed long-term contract. indication.
Ultimately, for the team, it will likely come down to the dollar figure. If Porter were to get his first-year salary (in 2023-24, when any extension begins) near the $9.7 million cap, there wouldn’t be much downside to getting the deal done early and eliminating any potential risk of Porter playing his way into a contract. Much bigger with a strong season.
On the other hand, if Porter wants a much higher number in the first year, it probably makes sense for the Rockets to wait. Houston could give him the same contract a year from now, but with much less pressure on his financial flexibility, thanks to his maximum retention. That’s a much lower cap than it is for most first-round picks, since salaries are calculated on renewal slots, and Porter was named 30th in 2019.
A 6-foot-4 goalkeeper, Porter averaged 15.6 points (37.5% on 3 throws), 6.2 assists and 4.4 rebounds in 31.3 minutes last season.
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