Steve Mills Rumors

Anthony Davis was locked up by the New Orleans Pelicans for $145 million during the next five years. LeBron James of the Cleveland Cavaliers will make $23 million this season; he could earn more than $30 million in 2016-17 if he opts out once again. “I’ve never seen anything like it,” Steve Mills, the Knicks’ general manager, said when asked about how contract values keep soaring. “Obviously, it changes what happens with the league.” The growth has been steady in recent years, although now the climb seems to be much steeper. In 2011, the average annual value of new free-agent contracts was about $5 million. So far this year, it is flirting with the $10 million mark.