All-NBA nod gives Paul George seven million reasons to smile
JUN 04, 2014 11:27p ET
Indiana's Paul George, a third-team selection.
According to multiple reports, the selection triggered a clause in George's contract which gives George a $7 million bonus. According to ESPN, the bonus is due to what is called the "Rose Provision," an escalator in place in some max contracts for a player who is named MVP, selected to start two All-Star Games or named to two All-NBA teams before the max deal actually kicks in. George, who also made the All-NBA third team last season, signed a max extension last summer and the deal kicks in this summer.
Per the collective bargaining agreement, these and other performance bonuses are factored into a team's salary cap, and SI.com reported Noah's selection to the first team nearly put the Chicago Bulls over the luxury tax threshold.
To avoid a similar fate, the Pacers, according to ESPN, negotiated into George's contract a cap on the bonus the forward could receive under the provision, meaning George could have received an even greater sum. In exchange, George will now be allowed to opt out of his extension a year early, according to the report. He will now have the chance to be a free agent in the summer of 2018.
Now if he can just work on that whole getting beat by the Heat in the playoffs part.