Clippers, Blake Griffin Agree to 5-Year, $95 Million Contract Extension

by July 10, 2012

The Los Angeles Clippers and forward Blake Griffin have agreed to a five-year-contract extension, with incentives bringing the deal to $95 million. has the details: “The extension had been expected as sources had told earlier this month that Griffin had informed team officials that he intended to sign an extension with the club. Griffin could earn as much as $95 million over the course of the five-year extension if he is voted an All-Star starter again or named to a second All-NBA team next season under the so-called ‘Derrick Rose Rule’ in the new collective bargaining agreement. The rule allows a player finishing his rookie contract to make 30 percent of a team’s salary cap — up from 25 percent — if he’s twice been voted an All-Star starter, twice been voted All-NBA or won an MVP award. Under another clause in the new CBA, rookies may extend their contracts by four years. However, a team may designate one player to sign a five-year extension.”