 Kirk's Pay Day..., Kirk Signs 5yr/47 Mill Extension |
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 Oct 31 2006, 10:51 AM
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#16
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Superstar  Group: Administrator Posts: 3,914 Joined: 13-March 06 Member No.: 23  |
Linkity.
QUOTE Choosing security over stubbornness, Kirk Hinrich has accepted the Bulls' final offer on a long-term contract extension, according to league sources.
With the deadline for the negotiating window expiring at 11:59 p.m. Tuesday, Hinrich decided to sign the five-year deal rather than become a restricted free agent next off-season. League sources said the deal is worth $47.5 million and starts in the 2007-08 season at roughly $7.8 million. The deal will pay Hinrich approximately $11.42 million during its final season in 2011-2012. The final numbers fall far short of Hinrich's initial goal of seeking to be compensated like Tony Parker, who averages more than $11 million per season in his five-year deal with San Antonio. But in a recent interview, Hinrich perhaps tipped his hand that he'd eventually take what he described in another more casual conversation as "more money than I'll ever need in my lifetime." "I'm comfortable financially right now," he said. "I don't spend a lot. ... And when you're talking numbers like we're talking, it's almost surreal." The Bulls are believed to have raised their final offer from a starting point of $43 million. |
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Oct 31 2006, 10:56 AM
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#17
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All-Star Group: Administrator Posts: 2,568 Joined: 13-March 06 From: Michigan City, IN Member No.: 21 |
The Bulls got off cheap. Glad to see Kirk really was serious about sticking around.
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Oct 31 2006, 11:00 AM
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#18
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All-Star Group: Administrator Posts: 2,568 Joined: 13-March 06 From: Michigan City, IN Member No.: 21 |
Bump. Looks like 5 years $50 million was a good meeting point afterall... (settling at 5 years $47 mil) now the interesting thing is does this take away from anyone elses extensions?
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Oct 31 2006, 11:16 AM
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#19
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All-Star Group: Administrator Posts: 2,704 Joined: 14-March 06 Member No.: 43 |
That was a pretty fair price, nothing too ridiculous there. As of right now I don't think it really hurts us down the road, thus far Deng, Nocioni, and Gordon haven't done anything close to warranting a massive deal. That could change though, you never know. One plus is that unless I missed something, Noc's contract should be up after this season, which helps us out timing-wise. It would be difficult to justify him getting a ton unless he breaks out this year.
I wouldn't worry about it too much though. Reinsdorf has gone well over the cap in the past to keep Michael and Scottie together, I don't see this being much different. |
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Oct 31 2006, 11:21 AM
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#20
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All-Star Group: Administrator Posts: 2,149 Joined: 12-March 06 Member No.: 3 |
QUOTE (hinrich fan @ Sep 10 2006, 04:25 PM)  October 31st will be here before you know it. The Bulls will waste no time showing the league their for real when the take on the Champion Heat. However, it's worth noting Kirk Hinrich still has no contract extension...we all know Pax is going to give him one...thus the question...anybody care to shout out how much $$$ over how many years K-Rich gets??? http://www.hoopsworld.com/article_18652.shtml The beauty is the man has now signed a very affordable deal that as he says gives him more money than he'll ever need and one that may allow the Bulls to keep the entire core together for a long long time. God I'm excited one of my very favorite players in the NBA inked a deal that will keep him in Chicago for a lot lot longer. |
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Oct 31 2006, 11:23 AM
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#21
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Starter Group: Global Moderators Posts: 934 Joined: 3-April 06 Member No.: 98 |
thank god!!!!!!
next season milwaukee or someone would have gone nuts and offered him 10+ and we'd have been in serious trouble the money we save now goes a long way toward resigning our other guys in the future also, it helps set a benchmark to maybe have them all take slightly less then they could get in the open market to keep it together and give the team the flexibility to be able to make a significant addition down the road if need be |
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Oct 31 2006, 11:29 AM
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#22
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All-Star Group: Administrator Posts: 2,149 Joined: 12-March 06 Member No.: 3 |
Absolutely beautiful. One of the top young point guards in the league will be a Bull for a lot longer. Better yet the price of the deal (which was very very fair) may allow the Bulls to keep the entire core together.
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Oct 31 2006, 12:38 PM
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#23
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10 Day Contract Group: Members Posts: 38 Joined: 13-March 06 Member No.: 36 |
good news indeed...
The timing was obviously intentional. Right before a season we are all hyped for anyway. |
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Oct 31 2006, 12:59 PM
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#24
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I'm fresh. Group: Administrator Posts: 1,300 Joined: 4-May 06 From: Lombard, IL Member No.: 131 |
very very good to see
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Oct 31 2006, 02:42 PM
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#25
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10 Day Contract Group: Members Posts: 44 Joined: 13-March 06 From: Phoenix, AZ. Member No.: 32 |
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Oct 31 2006, 03:43 PM
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#26
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Superstar Group: Administrator Posts: 3,736 Joined: 12-March 06 From: Chicago, IL Member No.: 12 |
Fantastic news. I'm glad Captain Kirk will be back and the deal doesn't necessarily rip up the payroll.
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Oct 31 2006, 03:44 PM
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#27
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6th Man Group: Members Posts: 618 Joined: 12-March 06 From: Tampa Bay, Florida Member No.: 10 |
so that commericial of him saying he wanted to play for the bulls when he was in skool is true!
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Oct 31 2006, 05:51 PM
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#28
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12th Man Group: Members Posts: 195 Joined: 14-June 06 Member No.: 162 |
Was there ever a doubt??? Kirk is here to stay...I'm gonna look for that Maserti in Deerfield buddy!
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Oct 31 2006, 05:53 PM
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#29
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12th Man Group: Members Posts: 195 Joined: 14-June 06 Member No.: 162 |
Kirk will be 31 when the deal is maxed out...wonder if Pax or Skiles will groom him for their jobs??? Pops is a coach Kirk...and you know all 'bout running the floor.
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Oct 31 2006, 05:54 PM
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#30
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Superstar Group: Members Posts: 3,150 Joined: 20-March 06 Member No.: 73 |
Good job Bulls!
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