(09-09-2022, 05:06 PM)DanSchwartzgan Wrote: Keith Smith said Maxi’s deal is $11mm even for 3 years. He thought Maxi’s number was good value and was set at a place where it will be a nice trade matching chip this summer and beyond.
KS is wrong if he said that. Unless I'm just clueless on the rules.*
In theory, a 33M deal with 8% raises could start as low as $10.185M. Math and CBA limits. And the most Maxi can get in 1st year would be $10.8M. Extension rules.
So if he's truly getting $33M, it starts between those 2 numbers, and can't be a flat deal.
.......
*EDIT: As it turns out, I was indeed clueless on the rules ...and KS could be right. I trust he is. See explanation in posts below.