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Report: Rockets need team-friendly deal to consider Kevin Porter Jr. contract extension

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With Houston Rockets clear priority of place in the salary cap in 2023, any contract extension for Kevin Porter Jr. should be beneficial for the team, Michael Scotto revealed on Friday. from Hoops Hype.

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Porter, who turned 22 earlier this offseason, is set to enter the fourth and final season (2022-2023) of a rookie contract he signed after being selected in the first round of the 2019 NBA draft.

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Although a recent report stated that both Porter and the Rockets have a mutual interest in an addendum, Scotto says that Houston’s interest in such a scenario depends on finances. His report:

Kevin Porter Jr. has recently been the subject of discussion about a possible extension. League sources told HoopsHype that whatever the scenario for renewing Porter Jr.’s contract, it would likely be a win-win deal for the team. Houston is prioritizing cap places for next summer. With Porter Jr.’s potential starting bid to be around $8.5 million, it’s unlikely that the Rockets will want to offer much more than that when they can move him into restricted free agency next summer.

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For the Rockets and general manager Raphael Stone, the critical amount to look at is $9.7 million. It “cap hold– if there is no renewal, make Porter a restricted free agent in 2023 and possibly sign him in addition to any outside additions. Because the Rockets bird rights as for Porter, they could go over the cap to do so, and Porter’s limited status would allow the team to match any outside offer to keep him.

If Porter is willing to make an extension in which the starting salary is at least comparable to that cap, it could make sense for the Rockets to close the deal sooner. There will be no downside as Porter’s $9.7 million limit is likely to be registered even if the team does nothing about the renewal plan. Porter has shown enough promise already that it’s hard to imagine a scenario where the Rockets would want to let him leave the team in 2023 without any compensation.

In addition, there could be real upside as it is at least possible that Porter’s strong 2022-23 season could boost his next contract to a higher price. For Stone, this could be a “buy low” opportunity, especially if Porter agrees to a team-friendly deal to secure long-term financial security a year earlier than expected.

From Porter’s point of view, while he could bet on a good season and a better contract a year from now, it would be perfectly understandable if he didn’t want to miss his first opportunity to secure a long-term contract with value.

Ultimately, for the team, it most likely comes down to a dollar figure. If Porter receives a first-year salary (in 2023-24, when any extension takes effect) of around $9.7 million, then there is little downside to closing the deal early and eliminating any potential risk of Porter playing his game. benefit. a much larger contract with a strong season.

On the other hand, if Porter wants a much higher first year number, it probably makes sense for the Rockets to wait. Houston could give him the same contract a year later, but with much less stress on his financial flexibility thanks to the lower quota. That limit is much lower than for most first-round picks, as salaries are tied to draft slots, and Porter was selected 30th overall in 2019.

A 6-foot-4 guard, Porter averaged 15.6 points (37.5% on 3-pointers), 6.2 assists and 4.4 rebounds in 31.3 minutes last season.

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The story originally appeared on Rockets Wire.



Source: sports.yahoo.com

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