Former NBA guard Wesley Matthews recalled how his contract negotiations took an surprising flip when he obtained a five-year provide as a substitute of the three-year settlement he initially needed.
Matthews defined that he and his agent had been concentrating on a shorter contract, however the negotiations resulted in a proposal that may preserve him below contract for 2 further seasons.
“We needed a three-year deal. My agent calls again and says he received 5. I’m like, ‘We’re going the unsuitable approach.’”
Nevertheless, Matthews’ opinion modified when his agent defined the monetary particulars of the provide, which was value roughly $35 million and included a considerable upfront fee.
“Then he explains it’s about $35 million, with $9.2 million upfront. I didn’t even perceive what that meant.”
Matthews admitted that he initially didn’t perceive how the upfront fee would work. His agent then clarified that the cash was a part of a signing bonus that he would obtain shortly after finishing the settlement.
“He tells me it’s a signing bonus. I’d get that cash inside days of signing.”
As soon as Matthews understood that he would obtain $9.2 million virtually instantly, his issues concerning the longer contract disappeared.
“Yeah, we’re cool with that.”
