Tagged in: option

Chicago Bulls exercise contract options on Coby White, Patrick Williams

The Bulls have exercised a pair of rookie scale team options, locking in guard Coby White and forward Patrick Williams for the 2022/23 campaign, the team revealed wednesday in a press release.

While decisions on standard team options are typically due right before free agency begins, teams have to make their decisions on rookie scale team options a year in advance.

By October 31, clubs must either exercise or decline third-year options for first-round picks from 2020 and fourth-year options for 2019’s first-rounders.

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White was a starter for the Bulls this past season, but figures to come off the bench following the team’s acquisition of Lonzo Ball in free agency.

The 21-year-old averaged 15.1 PPG, 4.8 APG, and 4.1 RPG on .416/.359/.901 shooting in 69 games (31.2 MPG) in 2020/21. His ’21/22 debut may be delayed, since he’s coming off left shoulder surgery.

Williams, the No. 4 pick in the 2020 draft, was also a full-time starter last season as a 19-year-old rookie.

His role for 2021/22 stays unclear, but the former Florida State standout looks like a key part of Chicago’s long-term plans. He put up 9.2 PPG and 4.6 RPG on .483/.391/.728 shooting in 71 games (27.9 MPG) last season. White’s fourth-year option for 2022/23 is worth $7,413,955.

He’ll now be extension-eligible during the 2022 offseason and would be eligible for restricted free agency in 2023 if he doesn’t sign a new contract next year.

Williams’ third-year option for ’22/23 will pay him $7,775,400. The Bulls will have to decide on his fourth-year option for 2023/24 by October 31, 2022.

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Kawhi Leonard declines $36 million player option for next season

Kawhi Leonard has declined his $36 million player option for next season, becoming a free agent, a source confirmed to ESPN’s Adrian Wojnarowski.

The expectation is that Leonard will negotiate a new deal to stay with the LA Clippers.

Yahoo Sports first reported that Leonard has declined his option.

Leonard’s decision comes in the wake of having surgery on July 13 to repair a partially torn right ACL that kept him out of the LA Clippers’ final eight playoff games.

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Leonard could potentially miss a chunk of the upcoming season.

The Clippers stated in their news release revealing the surgery that there was no timetable for his return.

Despite the injury, Leonard remained the biggest star in the league with a decision to make this summer concerning his future.

He decided between opting into his contract for $36 million in 2021-22 with the option of then signing a four-year, $181.5 million extension that would start in 2022-23 or declining the option and potentially signing a four-year, $176.2 million deal.

Leonard averaged 24.8 points, 6.5 rebounds and 5.2 assists in 52 regular-season games during his second campaign with the Clippers. He missed nine out of 10 regular-season games in April due to a foot injury.

Prior to Leonard’s knee injury, the Clippers got a glimpse of their potential with Leonard and Paul George playing their best basketball together on the playoff stage.

Leonard averaged 30.4 points, 7.7 rebounds and 4.4 assists while shooting 57.3 percent in 11 postseason matches.

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QB Trevor Lawrence signs $36.8 million rookie contract with Jacksonville Jaguars

Jaguars quarterback and No. 1 overall pick Trevor Lawrence signed his four-year rookie contract Monday, clearing the way for him to attend the start of training camp in three weeks.

Under the NFL’s rookie slotting system, Lawrence’s deal was projected to be worth $36.8 million and included a $24.1 million signing bonus. He will count $6.7 million against the salary cap in 2021.

The contract also incorporates a fifth-year option that is attached to every rookie deal for first-round selections.

A source told ESPN’s Adam Schefter that details of the contract includes: Lawrence’s signing bonus will be paid within 15 days and the quarterback is deemed to have passed his physical for signing bonus purposes.

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There is no offset language in the contract, meaning that he would still receive the full amount of guaranteed money left in his contract even if he were to be released and sign with another team.

The majority of Lawrence’s compensation will come in his roster bonuses in 2022, 2023 and 2024.

He will earn that bonus if he is on the 90-man roster on the third day after the mandatory reporting date.

Lawrence will earn his roster bonus even if he is on the active non-football injury list.

With Lawrence under contract, Jacksonville has now signed six of its nine draft picks. Running back Travis Etienne (first round), cornerback Tyson Campbell (second) and offensive tackle Walker Little (second) remains unsigned.

Lawrence is anticipated to be an immediate starter in Year 1. He went 34-2 at Clemson, recording the third-best winning percentage by a starting quarterback (minimum 30 starts) in college football since 1978.

He finished his college career undefeated in regular-season play and led the Tigers to the national championship as a freshman in 2018.

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