The National basketball Association team spent more than $1 billion on the first day of the free agency which was on Wednesday 1st July.
A host of contracts were handed out to the free agents. Cleveland Cavaliers owner Dan Gilbert led the way on this first day. By the time it was 7 pm, the NBA had committed to more than $1.1 billion for players who hit the open market. This amount does not amount for the $145 million given to Anthony Davis for the five year contract with New Orleans.
Among the biggest contracts was that of Kevin Love amounting to $110 million for him to stay in Cleveland Cavaliers for another 5 years. To some extent, it felt like the Loa Angeles Lakers and Love had been meant for each other, after he opted out from Cavs’ contract.
Earlier on, Love sent a comment through the Player Tribune site citing that there were rumours of the free agency but he believed Cavs was his place after meeting with his teammates and that he had unfinished business and it was time for him to go back t work.
Contract to Anthony Davis seems to be the biggest. His new deal of $145 million broke Kobi Bryant’s deal of $136 million in 2004. On a year basis, Michael Jordan’s $33 million single season deal in 1998 still holds the record. Davis deal stands at about $29 million a year.
It looks as if the NBA teams are not yet done in their spending as LaMarcus Aldridge is still on his rounds making meetings with potential suitors. He kicked out the LA Lakers and New York Knicks citing that he was not impressed by their presentation on Tuesday night. In addition, he pointed out that Dwayne Wade was not decided on whether he was to return to Miami Heat.
Recent Comments