SEVERE WEATHER ALERT! After inking a five-year extension worth $146 million (which includes $11 million in incentives) with San Antonio, the Midrange Messiah, Devin Vassell, will be raining buckets in a Silver and Black uniform for the foreseeable future. Spurs fans are encouraged to bring their umbrellas and wet suits to the AT&T Center on game nights.
The extension announcement comes just hours after Spurs Media Day and Vassell's press conference, where he played coy when asked about a potential deal being made.
"Just know I want to be a Spur for a long time, and that's all I can say,", Vassell had said on potential contract extension talks.
What we know about Devin Vassell's contract so far
Vassell was walking into the final year of his rookie contract, so a deal had to be done. He is too talented a player to let walk. The only question was about the type of contract the Spurs would offer him. At $146 million, the front office showed their starting shooting guard the money, Tom Cruise-style, but still left themselves with plenty of space to keep building the roster with patience and intelligence. San Antonio will have 45–60 million dollars in available cap space going into the next off-season.
The Devin Vassell $17.8M free agent hold will be replaced by a new salary north of $20M.
— Bobby Marks (@BobbyMarks42) October 2, 2023
The Spurs are well positioned next offseason to have significant cap space.
$45-60M
The new CBA helped the Spurs out MASSIVELY here.
— Collin Reid (@CollinReidPS) October 2, 2023
Before this summer rookie extensions could only be 5 years if they were the max. The Spurs were able to offer a less than max deal for five season. Great for both sides.
Split up evenly, the money comes to about $29 million per year. The cap hit is not restrictive to the team and it will only look more appealing as the NBA cap continues to rise. The Florida State Seminole is still only 23 years old and has been growing tremendously in the three years he has been a professional hooper. Fans get a chance to watch the next chapter in his elevation process and according to Coach Pop, it will be noticeable.
I asked Coach Pop what he was most excited to see from Devin Vassell after the 4yr vet made a successful comeback from his injury
— JazzTamir (@JazzTamir1) October 2, 2023
“He wants to prove himself…” @AirAlamo #porvida pic.twitter.com/BaUBAWLa2s
On Tuesday, Bobby Marks released further details about the extension:
Here is the Devin Vassell rookie extension breakdown:
— Bobby Marks (@BobbyMarks42) October 3, 2023
There are $11M in unlikely total bonuses pic.twitter.com/s9SJIq6izG
And his contract incentives were also revealed.
DEVIN VASSELL’S INCENTIVE DETAILS:
— Anil Gogna (@AnilGognaNBA) October 4, 2023
Base Salary: $135M
Unlikely Bonuses: $11M
~8% per year of Base Salary.
Y1: $2.4M
• $543K: Top 15 in Reg Season 3PM
• $543K: FTA/FGA >=0.25
• $543K: Per 36 Blks >= 0.9
• $543K: Rd 2, plays 75% of playoff gms
• $217K: Make an All-NBA team…
What other NBA players average near what Vassell will be making?
Gordon Hayward ($31.5 million), Julius Randle ($28.2 million), Kyle Lowry ($29.7 million, and DeMar DeRozan ($28.6 million) are a few names in Vassell's average salary range. These are deals that respect the athlete but are nowhere near what max players are receiving now. Three of the four players mentioned are past the age of 30, with Randle landing at 28 years old.
Vassell joins Anthony Edwards, Desmond Bane, Tyrese Haliburton, LaMelo Ball and Isaiah Stewart as the 6th player to sign a rookie extension this offseason.
— Bobby Marks (@BobbyMarks42) October 2, 2023
Under the new CBA, non-max rookie extensions can be up to 5 seasons.
In the past 4 years, San Antonio has signed Keldon… https://t.co/EYxX1IpxPl
GSG🖤 WE LOCKED IN🤝🏾
— Devin Vassell (@Yvngdevo) October 2, 2023
When you see the leaps the Spurs guard has taken since his rookie year and consider the Spurs are barely paying him more than a rapidly declining Kyle Lowry, you realize this is not just a team-friendly deal -- it's a team-bestie deal.