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Sports Betting News - August 6th, 2009 - Written by Ryan Smith
The Portland Trail Blazers, and two time all-star shooting guard Brandon Roy have allegedly come to terms on a 5 year maximum level contract extension. The two parties began contract negotiations in early July, but the Trail Blazers did not want to offer a maximum contract deal unless it was for the maximum number of years possible. Brandon Roy did not want to accept any offer that was not the maximum contract available financially. ESPN reports the two parties have agreed on a 5 year contract extension worth a reported $82 million, but next year the NBA salary cap will decrease 5%, and so will Roy's contract.
Brandon Roy, who played only his third year of NBA basketball led the Blazers team with 22.6 points per game and 5.1 assist per game. Brandon Roy also took home Rookie of the year honors in his first year, the 2006 NBA season. Roy will now be a member of the Portland Trail Blazers until the 2014-2015 NBA basketball season. The salary of the new contract will not come into effect until the 2010-2011 season, and Brandon Roy is only scheduled to make $4 million next year which will be the last year on his existing rookie contract. On the first year of his new contract Roy will reportedly make an estimated $14 million, and every year after that the salary will increase 10.5%.
Brandon Roy's agent Bob Myers told the Associated Press earlier this week that Roy has agreed to the maximum level contract extension, and ESPN reports that Roy and the Trail Blazers will announce the details in a press conference Friday afternoon. The 25 year old Brandon Roy is one less player listed to become a free agent at the end of the 2009-2010 season. The year before Brandon Roy joined the team the trail Blazers had a record of 21-61, and last year the Trail Blazers made it all the way to the first round of the playoffs with a final record of 54-28.
The Trail Blazers have tried to make off-season acquisitions this year to better help Brandon Roy on the basketball court, but no big names have arrived. After long negotiations with Hedo Turkoglu the Blazers thought they could land him, but he moved on to sign a deal with the Toronto Raptors. Than the Blazers tried to make an offer to Utah Jazz for back up power forward Paul Milsapp, but yet again they could not land a deal. the Trail Blazers will now have to focus all their energy on resigning key members already on the team. Lamarcus Aldridge and Greg Oden will be the next player the Portland Trail Blazers try to lock up with contract extensions.
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