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Stare
Celtics give Rajon Rondo $55 million extension
http://sports.yahoo.com/nba/news;_yl...yhoo&type=lgns
The Boston Celtics and Rajon Rondo(notes) have reached an agreement in principle on a contract extension, Rondo’s agent, Bill Duffy, said early Monday.
League sources said the extension is for five years and guarantees Rondo at least $55 million. With the two sides facing a Monday deadline to get a deal done, Duffy said he called Celtics president Danny Ainge on Sunday to inform him Rondo was prepared to play out his contract and become a restricted free agent next summer because they weren’t satisfied with the team’s previous offers. Ainge, however, surprised Duffy by responding that Rondo’s contract hopes would be met.
“As much as we were willing to wait his contract out, the Celtics stepped up to the plate to meet the original request,” Duffy said by phone. “This is a really fair contract. We wanted him to be paid like one of the top five point guards around. It also allows the Celtics to maintain continuity to continue to be one of the best teams at this time.”
It's some huge REGULAR NEWS.
What recession?
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Thunder it DOWN, Dion!
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Banned
Re: BIG TIME REGULAR NEWS: Celtics give Rondo $55 million extension
Terrible contract. Overpaid him by 35%. He's worth about 7 million per year.
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Re: BIG TIME REGULAR NEWS: Celtics give Rondo $55 million extension
Wow.
Its not exactly overpaying him because hes still young and by the final 2 years of the contract could become their star player once the Big 3 get old.
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Thunder it DOWN, Dion!
Re: BIG TIME REGULAR NEWS: Celtics give Rondo $55 million extension
This is probably the worst contract on league history. This has made my day.
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Local High School Star
Re: BIG TIME REGULAR NEWS: Celtics give Rondo $55 million extension
Good move. It's a lot of money, but the Celtics can't afford to let him become a free agent (no cap space to sign anyone else) and $11m a year is fair for a point guard of his calibre - much less than CP3, D-Wil & Davis, Nash & Arenas, but marginally more than Jason Kidd, Devin Harris, Jose Calderon & Mo Williams.
It's simply a case of making sure he doesn't walk away, as if you look at the players above, its the going rate for a player with his level of production.
Last edited by lukekarts; 11-02-2009 at 08:37 AM.
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Thunder it DOWN, Dion!
Re: BIG TIME REGULAR NEWS: Celtics give Rondo $55 million extension
Originally Posted by Interminator
Wow.
Its not exactly overpaying him because hes still young and by the final 2 years of the contract could become their star player once the Big 3 get old.
N*gga, what? 11 mill a year isn't overpaying for this guy?
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Thunder it DOWN, Dion!
Re: BIG TIME REGULAR NEWS: Celtics give Rondo $55 million extension
Originally Posted by lukekarts
Good move. It's a lot of money, but the Celtics can't afford to let him become a free agent (no cap space to sign anyone else) and $11m a year is fair for a point guard of his calibre - much less than CP3, D-Wil & Davis, Nash & Arenas, but marginally more than Jason Kidd, Devin Harris, Jose Calderon & Mo Williams.
It's simply a case of making sure he doesn't walk away, as if you look at the players above, its the going rate for a player with his level of production.
So basically your entire post rationalizes why they overpaid.
Thanks.
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Celtics for life
Re: BIG TIME REGULAR NEWS: Celtics give Rondo $55 million extension
Fair deal,he is still very young and have a lot of room to improve.
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Re: BIG TIME REGULAR NEWS: Celtics give Rondo $55 million extension
Originally Posted by PleezeBelieve
N*gga, what? 11 mill a year isn't overpaying for this guy?
How much is Andy V on?
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Re: BIG TIME REGULAR NEWS: Celtics give Rondo $55 million extension
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Re: BIG TIME REGULAR NEWS: Celtics give Rondo $55 million extension
Originally Posted by AJ2k8
How much is Andy V on?
he got around 6-7 mil with incentives.
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HANNN
Re: BIG TIME REGULAR NEWS: Celtics give Rondo $55 million extension
WOW..GREAT NEWS..what an awesome way to start off a busy day.
Rondo’s new deal averages $11 million a season, the same amount San Antonio Spurs All-Star point guard Tony Parker(notes) earned when he signed a six-year, $66 million extension to his rookie contract in 2004. Among members of Rondo’s 2006 rookie class, Portland Trail Blazers All-Star guard Brandon Roy(notes) received a five-year, $80 million contract extension. The Blazers also gave forward LaMarcus Aldridge(notes) a five-year, $65 million extension.
Practically the same deal Parker got..which is fair Rondo is younger and I expect him to be a better player than Parker if he isnt already..In my eyes,he is.If we didnt pay him now,some team would have gave him a crazy contract in the off-season.
Last edited by TruthKGRay3412; 11-02-2009 at 09:06 AM.
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(no Dirk homer)
Re: BIG TIME REGULAR NEWS: Celtics give Rondo $55 million extension
90% of the players who sign today is overpaid. It's worth it since they cant afford to sign a new pointguard at the same level this summer. He is also young, play great defense, hustle, find open players etc. Rondo's only problem imo is his shooting.
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HANNN
Re: BIG TIME REGULAR NEWS: Celtics give Rondo $55 million extension
Originally Posted by PleezeBelieve
@ this guy making 11 mill a year.
Is this guy definitely better than Delonte?
Serious question.
Serious question,will Delonte be in the league in 2 more years? Since he has serious issues (I hope he does)..and btw his talent is nowhere near Rondo's..only thing Delonte does better is shoot.
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