The Portland Trail Blazers and 22-year-old guard Shaedon Sharpe have agreed on a four-year, $90M contract extension, according to ESPN’s Shams Charania:
Portland Trail Blazers guard Shaedon Sharpe has agreed to a four-year, $90 million rookie contract extension with the franchise, agent Mike George of Klutch Sports tells ESPN. Sharpe and the Blazers lock in the long-term deal for the ascending scorer and playmaker.
The news almost immediately followed reports that the Blazers and All-Defense wing Toumani
Camara agreed on a four year, $82M extension, locking two key pieces of the Blazers’ present and future for approximately 28% of this year’s $154M salary cap.
While we don’t have specific details yet on how much per year each contract pays, we know since those contracts are fixed totals – rather than tied to the salary cap – that their annual average will become relatively cheaper in relation to the cap over time.
Myself and Blazer’s Edge reporter and editor Conor Bergin opined about that Sharpe might be worth closed to $28M annually ($140M over five years); this deal ($22.5M annually) is significantly less expensive than that.
Joe Freeman of The Oregonian put the chances of the Blazers and Sharpe making a deal at “lower” than 25% two days ago, and that the Blazers were “aiming to ink Sharpe to an annual salary between $21-23 million.”
