Former Kentucky Wildcats guard Rajon Rondo won’t be getting a contract extension with the Boston Celtics just yet.
It’s not as much what the Boston Celtics have planned for the coming seasons in as much as it is the current limits under the Collective Bargaining Agreement with the NBA.
This is according to comments that were made by Celtics general manager Danny Ainge on Thursday during his weekly appearance on 98.5 the Sports Hub.
“In the collective bargaining agreement, there are limits on what can and can’t be done,” said Ainge. “Really, it’s not that Rondo doesn’t want to accept an extension, as much as it’s just not financially smart for him to accept it right now. We didn’t think he would [sign], but we did try.”
The limits that Ainge refers to are that of the four year limit for contract extensions for veterans–not including those years already on the current contract. Starting with the first season on the extension, increase in salary can is limited to a raise of 7.5 percent.
Rondo signed a 5-year contract extension for an estimated $55 million in November 2009, with the first of the 5 years coming during the 2010-11 season. The last year of his contract is up during the 2014-15 season. Because two seasons remain, it makes no sense for either party to have a contract extension of only two seasons. It’s good for both parties to wait until the offseason as they would be able to add another three seasons to the contract.