Basketball

Bam Adebayo signs record contract with Miami Heat; Udonis Haslem also extends his deal

 

Bam Adebayo has signed a record-breaking contract with the Miami Heat. The deal agreed by the 23-year-old with Miami Heat was made official on Saturday at the weekend.

The deal is for five years worth $163 million with escalator clauses. This beats the record contract previously held by Jimmy Butler; he signed a $141 million pact with the team.

The Escalators include earning a spot on the All-NBA team or earning an MVP or defensive player of the year in the upcoming season, could take it as high as $195 million.

Bam Adebayo’s Deal is the richest in franchise history, while also putting veteran forward Udonis Haslem on a one-year deal.

Miami Heat’s president Pat Riley explained that getting Bam Adebayo on a contract extension is a no brainer.

“One of the most important things a franchise can do is to make sure that your best, youngest, cornerstone players sign on the dotted line, Getting Bam his extension was a no-brainer for us because we know he will be around for years to come. That’s great for the Heat, great for the fans and great for Bam.” Heat president Pat Riley said in a statement.

Bam Adebayo is still on his rookie contract, he will enter the final year of that deal, and he will make $5.1 million in the upcoming season before the $28 million season salary for the 2021-22 season.

Adebayo averaged 15.9 points with 10.2 rebounds and 5.1 assists. In the playoffs, he recorded 17.8 points and 10.3 rebounds, while adding 4.4 assists in 19 of the team’s 21 playoff games.

Meanwhile, Haslem will be spending his 18th season in the NBA and the Miami Heat as well have signed a $2.6 million veteran minimum deal.

The Heat lost to the Lakers in a six-game Finals for the 2019-20 NBA Championship.

 

Written by: Daniel Ademiju Idowu

About the Author


Written by DafaNews

DafaNews brings you the most highlighted news in the world of Sports. It serves you up-to-date matches, scores, live streams, fantasy games and quizzes. Our news covers prestigious leagues and events – Premier League, Champions League, World Cup and many more.

Related Post
Share
Published by
DafaNews

Recent Posts

Valencia pleads with La Liga for postponement of game against Real Madrid

Valencia have pleaded with the La Liga authorities to postpone its match with Real Madrid… Read More

October 31, 2024

Dubois gets permission to face new challenger

Daniel Dubois has been given the go-ahead from the International Boxing Federation (IBF) to fight… Read More

October 31, 2024

Manchester United faces a brick wall ahead of Amorim’s appointment

Manchester United has seen their attempt to appoint Rúben Amorim as Erik ten Hag's successor… Read More

October 31, 2024

Randal Kolo Muani set to leave PSG

Reports have emanated from France that Randal Kolo Muani could leave Paris Saint-Germain for as… Read More

October 31, 2024

Dortmund chief Sebastian Kehl drums support for Nuri Sahin despite early season woes

Nuri Sahin has come under fire after Borussia Dortmund's start this term, but has received… Read More

October 31, 2024

Chet Holmgren Shines as Thunder Defeat Spurs, Besting Rival Victor Wembanyama

In an early showdown between two of the NBA’s most promising young big men, Chet… Read More

October 31, 2024