The Miami Heat and Bam Adebayo have agreed to a five-year max extension, Adebayo’s agent, Alex Saratsis, told ESPN’s Zach Lowe on Tuesday.
The deal contains escalator clauses that can take its total to $195 million over five years, Saratsis told ESPN. The contract has not been signed and won’t be until Adebayo finalizes a physical, something that is likely to occur in the next few days.
It will be the richest contract in terms of total value in Heat franchise history, surpassing Jimmy Butler’s $141 million deal from last offseason, according to ESPN Stats & Information research.
“This is an accomplishment I always wanted to get,” Adebayo stated. “Just being able to reach this milestone and being able to generationally change my family’s life and also take care of the people around me, it’s a big deal to me.”
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Adebayo will make $5.1 million this season, the final year of his rookie contract.
From there, the extension will kick in with a starting salary of somewhere around $28.1 million for the 2021-22 season. And if he makes an All-NBA team or wins another top leaguewide honor this season, his annual salary would only increase.
“It’s another challenge I’m willing to take on,” Adebayo said. “I’m all about helping this team win. If my individual accolades help, then I’m for sure in.”
The Heat had until Dec. 21 to agree with Adebayo on an extension or else would have had to table the matter until next summer. Miami has stated the team’s intention was to give Adebayo a new deal — the only question was when. By waiting until next summer, the Heat would have had more salary-cap flexibility.
Adebayo is coming off what was by far the best season of his career. He was an All-Star for the first time, won the skills competition at All-Star Weekend, had the game-saving block of a Jayson Tatum dunk attempt in the final seconds of Miami’s Game 1 win over Boston in the Eastern Conference finals and made the NBA All-Defensive Team.
When this deal is done, he’ll become the fourth member of the 2017 NBA draft class to secure a max extension; the others were Sacramento’s De’Aaron Fox, Utah’s Donovan Mitchell and Tatum.
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