Minnesota Timberwolves
Post by Walt Frazier on Jan 8, 2021 3:37:29 GMT
TERRY ROZIER
INDIANA PACERS
Year 1: $13,000,000
Year 2: $12,025,000
Year 3: $11,050,000
Year 4: $10,075,000 (PO)
TOTAL: $46,150,000
INDIANA PACERS
Year 1: $13,000,000
Year 2: $12,025,000
Year 3: $11,050,000
Year 4: $10,075,000 (PO)
TOTAL: $46,150,000
Terry will sign with the Indiana Pacers on the above contract, and has been offered a starting position on the team.
All told, Terry had 7 teams express real interest in him during the off-season. There were 3 fairly serious teams towards the end, which helped get his price up to something I feel is pretty respectable. His first offers were for about $7MM / season, and after over two weeks of OSFA, he was still only around the same area, actually. Not to toot my own horn but, I kept telling the teams that we felt more money would come to Terry, and here we are in the 11.5MM / season range at the end of it. Granted, that doesn't always work out, but I really felt Terry was worth more than he was receiving at the start of things.
So anyway! As things got really serious, there were two teams: The Pacers and the Los Angeles Clippers. In a story that has truly broken my heart, the Clippers were the very first team to express interest, and matched offers all along the way, until they basically ran out of money. Mike Krzyzewski was offering a starting spot and was effusively heaping praise upon Terry the entire time. And yet, when we got to his final offer, he was about $4,000,000 shy of the Pacers' offer. Even more than that, since both teams were offering PO's on year 4, on the chance that Terry opts out of year 4, the Pacers' offer is actually $6,000,000 more in the first 3 years compared to the Clippers' offer, which had to start around the MLE with increases as opposed to the Pacers' front-loaded contract. I believe Coach K and I exchanged about 36 PMs by the end of things. As I told him yesterday:
Your dedication and effort, while incredible, I don't think override millions of dollars. It sucks. I feel bad! But I think he's going to sign with the other team.
Sorry man.
Sorry man.
Really one of my harder decisions that I've made w/o a committee in a while, but I had to acknowledge the money was enough to override the extreme effort and dedication from Mike. To his ongoing credit, he was understanding and continued to be pleasant even in his rejection.
OKAY. So all of that said, Larry Bird was also a pleasure to work with, and although he admittedly came in a little later (after Fred VanVleet signed elsewhere), his ability and willingness to pay up for Terry while offering a starting spot and a solid team with which to play were basically all that Terry really needed.
I am going to stop talking now.
Congratulations to Larry Bird and the Indiana Pacers!
Charlotte Hornets
Indiana Pacers
LA Clippers
Boston Celtics
loved Rozier since him and Montrezl tore it up in Louisville 
