Kobe Bryant agrees to 2-year Lakers extension

[2LeTTeRS]

It's official: http://www.insidehoops.com/blog/?p=14828

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Here goes a link from ESPNLA >>>> http://espn.go.com/los-angeles/nba/s...angeles-lakers

Kobe Bryant signed a two-year contract extension with the Los Angeles Lakers on Monday.

The Lakers did not announce financial terms of the deal. Bryant, who is recovering from a torn Achilles tendon, will make over $30.4 million this season, the final year of his current contract with the Lakers.

The team announced the deal in a press release, saying that the signing "should ensure" that the 35-year-old Bryant finishes his storied career with the Lakers.

"This is a very happy day for Lakers fans and for the Lakers organization," general manager Mitch Kupchak said in the release. "We've said all along that our priority and hope was to have Kobe finish his career as a Laker, and this should ensure that that happens.

"To play 20 years in the NBA, and to do so with the same team, is unprecedented, and quite an accomplishment. Most importantly however, it assures us that one of the best players in the world will remain a Laker, bringing us excellent play and excitement for years to come."

[gts]

Los Angeles Lakers ‏@Lakers 14m
BREAKING: The #Lakers and @kobebryant agree to terms on a contract extension. #GoLakers pic.twitter.com/1JiXnrTJ3h

Kupchak:

[A Roc 23]

I didn't see this coming at this time. Good for both parties. It's nice to see someone stick with a franchise their whole career . . . even if they did force their way there.

[bagelred]

Can't believe Kobe agreed to sign for the 2 year minimum amount. Kudos to Kobe though. Doesn't need a mega 2 year contract. He's all about winning!






Just kidding.

Ramona Shelburne ‏@ramonashelburne 1m
Kobe Bryants contract will make him the highest paid player in the league the next two seasons

All about the Benjamins.

[gts]

Good deal, happy for the Lakers Kobe and the fanbase... so now they can stop worrying about that and get on to other business

[RoundMoundOfReb]

It was inevitable. Anybody know exactly how much he'll make?

[AirTupac]

Appears first year salary can be decreased by up to 40% via renegotiate/extend

Says only teams under cap can renegotiate. Lakers are not.

If the max decrease for Kobe is 7.5%, minimum salary next year is $28.1 million. If max decrease is 40%, minimum salary is $18.3 million.

[gts]

It was inevitable. Anybody know exactly how much he'll make?

about 22 per year being reported

[ALBballer]

Kobe has too much of an ego to take less than the max. Highest paid player in the league? Yep good luck with their FA Goals for 2014.

[BlackWhiteGreen]

It was inevitable. Anybody know exactly how much he'll make?

To ensure he's the best paid player, I think he needs to be making more than $23m or so Amar'e is making. ie OVERPAY. SO MUCH OVERPAY. WOW

[2LeTTeRS]

Appears first year salary can be decreased by up to 40% via renegotiate/extend

Says only teams under cap can renegotiate. Lakers are not.

If the max decrease for Kobe is 7.5%, minimum salary next year is $28.1 million. If max decrease is 40%, minimum salary is $18.3 million.

Wait he's not being renegotiated; he's just being extended.

[AirTupac]

Kobe's two year extension will be for between $40-50M.

[chazzy]

Lol how the hell did he convince them to pay him that much without playing a single game?

[VIntageNOvel]

http://www.cbafaq.com/salarycap.htm#Q59

[gts]

Wait he's not being renegotiated; he's just being extended.

They can renegotiate the amount on an extension