Gerald Henderson Re-Signs With Bobcats For 3 Years, $18 Million

The Bobcats’ longest-tenured player agreed to a three-year, $18 million deal with the team on Friday. According to Yahoo, Henderson had an offer for about $7 million per season, but turned that down for a player option on the third season: “Restricted free-agent guard Gerald Henderson is finalizing an agreement on a three-year, $18 million contract extension with the Charlotte Bobcats, league sources told Yahoo! Sports. Henderson will hold a player option in the third year, sources said. The re-signing of Henderson – one of the most consistent and talented players for the fledgling franchise – was the top priority for the franchise to secure for new coach Steve Clifford. After details are ironed out over the weekend, an agreement is expected to be signed early next week, league sources said. Henderson turned down more lucrative money from Charlotte to secure the player option on the third year of the deal, sources said. He could’ve had $7 million per season in this deal, but would’ve had to lock into three years without the player option in 2015-’16 that could get Henderson into free agency a year sooner, sources said.”