The terms for Andray Blatche's new contract have come in, and they're complicated. Allow Michael Lee of the Washington Post to explain.
Blatche, who signed a five-year deal worth $15 million in the summer of 2007, was slated to earn $3.26 million this season and $3.52 million next season. But the deal is structured in a complicated manner that allows the Wizards to give him a slight salary boost this season and next season, using some of their available salary cap space. So, this basically works out to being a five-year contract with Blatche is expected to earn more than $30 million between now and the end of this deal.
Getting Andray Blatche for what basically amounts to the value of the mid-level exception? Wow. That's a flippin' steal, regardless of the new CBA. The fact that they've restructured it to lower the cap hit in the post-CBA years makes it even better. Ernie Grunfeld and his team deserve major kudos for this one.