Jazz want Deron Williams extensionPosted by Inside Hoops
The Salt Lake Tribune (Ross Siler) reports: A little past 10 p.m. Monday, Jazz general manager Kevin O’Connor can pick up the phone and set in motion the process through which Deron Williams can sign a long-term contract extension to stay in Utah. From July 1 until Oct. 31, the Jazz have an exclusive window to negotiate an extension to Williams’ rookie contract. Under league rules, Williams could sign for as long as five years and as much as approximately $90 million.
The Deseret News (Tim Buckley) reports: Jazz owner Larry H. Miller already has publicly said he thinks Deron Williams is worth a max-money extension, which — based on Williams’ experience and 25 percent of the projected team salary cap for the 2009-10 season — translates to approximately $90 million in salary over the maximum-allowed five years, beginning with about $15 million in ‘09-10 and peaking at around $21.3 million in the 2013-14 season. Length-of-extension would seem to be the only remaining issue — three, four or the full five years. An actual deal can be agreed to as early as late Monday night, but — according to terms of the collective bargaining agreement between the NBA and its players union — cannot be signed until July 9 at the earliest.