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Blake Griffin and Clippers agree to 5-year contract extension

July 10, 2012|By Broderick Turner
  • Blake Griffin has about 95 million reasons to be happy.
Blake Griffin has about 95 million reasons to be happy. (Ronald Martinez / Getty…)

Blake Griffin and the Clippers officially agreed to a five-year contract extension that could be worth as much as $95 million, The Times confirmed after speaking with NBA executives who were not authorized to speak publicly on the matter.

Griffin will make the maximum if he is voted to start on two All-Star teams. He was voted in as a starter by the fans last season.

Under the new collective bargaining agreement, players coming off their rookie scale contract are eligible to sign for 30% of the salary cap if he was voted to start in two All-Star games, was named to an All-NBA team twice or was named the MVP.

This is called the “Derrick Rose Rule” after the Chicago Bulls guard named the MVP in 2011.

Also, under the new CBA, every team is allowed one “designated player” who can get a five-year maximum extension on his rookie contract.

The Clippers designated Griffin as such. He is in the final year of his rookie contract, which will pay the power forward $7.2 million next season.

The two sides began negotiations on Griffin’s deal July 1, the first day free agents and players looking for extensions were able to talk.

Griffin can’t officially sign his contract until Tuesday at 9 p.m. That’s when the NBA’s moratorium will be lifted.

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