Kobe May Opt Out
Jun 15, 2009 11:30 AM EST
A report from the Los Angeles Times indicated that Kobe Bryant could opt out of his contract and become an unrestricted free agent July 1st.
Bryant conceivably could depart the Lakers for another team, but that scenario appears highly unlikely.
The club's long term outlook as a perennial title contender will affect his decision, according to sources that spoke with the Los Angeles Times.
The report from the Los Angeles Times indicated that a maximum 'extension' would be for five years and $135 million, but that is inaccurate.
If Bryant opts out of his contract, he will be eligible to sign a six-year contract for approximately $169 million. Because Bryant has more than 10 years of service, he can sign for 105% of his 08-09 salary of over $21.26 million, which would put him over $22.325 million in 09-10. He can then have 10.5% in raises each season after the first season.
If the Lakers signed Bryant to a full max deal, he would make $31.7 million in 13-14 and just over $34 million in 14-15.
Should Bryant elect to sign with another club, that team could pay him $128.6 million over five years with $29.1 million in 13-14.
I dont think he will opt out and if he does its only to sign a long term deal with us, he wouldnt make us give him that kinda cash money cuz he knows that'll restrict us in getting LO & Trevor...speaking of which, are we gonna get an offseason thread or what Stoney? Im waiting for you to do the honors man...