Former NBA MVP and New York Knicks free agent point guard Derrick Rose is in “serious talks” with the Cleveland Cavaliers for a contract.
ESPN’s Brian Windhorst reports Rose would sign a one-year deal with the Cavaliers. If he is offered the NBA minimum salary, Rose would make $2.1 million next season due to his professional experience.
The most Cleveland could offer him is the taxpayer mid-level exception. Last season, the Cavaliers were the only team to use the exemption. The max their front office can offer him for next year is $2.5 million.
This is a huge drop off from what he expected to make in January (via ESPN):
Some close to Rose have told friends he will seek a max contract this summer. For Rose, that pact would be for five years and nearly $150 million.
But if the team does decide to sign Rose, it will still be pricey. While Rose would be a $1.5 million cap hit, Cleveland’s tax bill would increase $14.1 million more with the signing.
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