I think given that the new regime likely is viewing 2020-21 as a see-what-we’ve-got season, it’s more likely than not that no extension is reached. Then, you negotiate again in 2021 depending on how Markkanen fared. This strategy cost the Bulls a lot of money in the Jimmy Butler scenario. But it’s a good problem to have if a player with current question marks blossoms into a star — like Butler did and like Karnisovas hopes Markkanen can.
This is a tough one to predict. I wouldn’t say Markkanen’s value is at an all-time low because he’s still valued around the league, albeit with reservations. But, yes, coming off a season where his production dropped, his injury history continued and his usage mystified, this will be a tough negotiation. If you’re the Bulls, you obviously try to negotiate from a hard-line stance to keep the books as clean as possible without alienating his camp. Luckily, Karnisovas and Markkanen’s agent have a strong relationship, but that doesn’t guarantee anything except cordiality during negotiations. And Markkanen remains under the Bulls’ rights as a restricted free agent in 2021 if no extension is reached, albeit one with roughly a $20 million cap hold.
I think given that the new regime likely is viewing 2020-21 as a see-what-we’ve-got season, it’s more likely than not that no extension is reached. Then, you negotiate again in 2021 depending on how Markkanen fared. This strategy cost the Bulls a lot of money in the Jimmy Butler scenario. But it’s a good problem to have if a player with current question marks blossoms into a star — like Butler did and like Karnisovas hopes Markkanen can. With a new leader in the front office, what changes do
Markkanen is contract eligible this offseason, but considering he had a down year to go with a lowered salary cap due to COVID-19, it would be unlikely him and the Bulls come to an agreement. He still has one year left on his rookie deal before becoming a restricted free agent, however Markkanen did make it clear about his love for Chicago. “I want to stay in Chicago and sign an extension (with the Bulls), no question. I love this city.”
January 23, 2021 | 5:54 pm EST Update
Shams Charania: Celtics guard Payton Pritchard has a Grade 1 MCL sprain in right knee and expected to return to on-court activities in two weeks.
Adam Zagoria: Former @NovaMBB big man Omari Spellman will play in the G league bubble with the New Orleans G League squad from Erie, per league source. He was in camp with the @New York Knicks
In yet another sign of the upward ascendancy of both the sports card and digital collectibles markets, three limited-edition NBA highlight video cards have sold for more than $30,000 over the past 10 days on NBA Top Shot, a blockchain-based platform that allows fans to buy, sell and trade numbered versions of specific video highlights.
Since its launch, the company has reportedly registered nearly $20 million in sales ($6 million from packs and $14 million on its secondary marketplace) with upwards of $1.5 million in trading volume in January alone.
On January 15, a Ja Morant highlight (No. 1 out of 49) was purchased off the platform’s secondary marketplace for a then-record $35,000. According to The Action Network, the Morant highlight’s original owner got it out of a pack and sold it in November for just under $2,000. That new owner then sold it last week for $35k, making an exceptional return on investment in less than 50 days. Four days after the Morant sale, a group of investors bought a LeBron James dunk highlight (No. 23 out of 59) for $47,500, capping off a 24-hour stretch in which the site saw more than $1 million in sales. Then, on Friday, a collector purchased a No. 1 LeBron James moment from Top Shots’ From The Top Series 1 set for a whopping $71,455, shattering the record.
January 23, 2021 | 5:49 pm EST Update
Tim Reynolds: AP sources: Duncan Robinson, Zion Williamson, Trae Young and Ja Morant among players being added to USA Basketball consideration pool for Tokyo Olympics. They’ll be in addition to Olympic vets like LeBron James, Kevin Durant and almost all others who were in the pool a year ago.