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Breaking Down Patty Mills Potential New Contract

San Antonio point guard Patty Mills’ contract expires at the end of the 2016-17 NBA season, and he becomes a free agent. The 28 year-old Australian has garnered a larger role in the Spurs lineup this season, suggesting that he could handle being a starter. This makes his next contract more intriguing.

Let’s take a look at what Patty Mills next contract could look like.

Firstly some background on his situation.

  • Patty Mills is an unrestricted free agent, meaning he can sign with any team regardless if San Antonio match an offer.
  • However, San Antonio hold his ‘Bird’ rights, as he has played for at least 3 seasons with the team. This means that San Antonio can offer him a 5 year contract with raises of 7.5% per year of his first year salary. Other teams can only offer him a 4 year deal with raises of 4.5%.
  • Patty Mills can get a maximum of 30% of the salary cap as he has completed between 7-9 years of service in the league.
  • The projected salary cap is $102 million, and only San Antonio can go over this amount to sign him.
  • The projected luxury tax cap is $122 million, meaning teams who are paying over this amount incur a tax to be paid to the league.

At worst, Patty Mills is the 6th man on the Spurs’ roster, and potentially the starting point guard on another team.

I’ve identified 5 players who play at the guard position that are similar to Patty Mills, and who recently signed a new contract. Some are starters, and some are their team’s 6th man. Here are their contracts.

Player

Contract

Average Salary Year Signed

Evan Turner

4 year/$70 million

$17,500,000

2016

Kent Bazemore

4 year/$70 million

$17,500,000

2016

Jamal Crawford

3 year/$42 million

$14,000,000 2016

Reggie Jackson

5 year/$80 million

$16,000,000

2015

Tyler Johnson 4 year/$50 million $12,500,000

2016

I’ve used 3 indices to compare the players. Firstly, their stats per 36 minutes.

Per 36 Minutes
(image: Basketball Reference)

As you can see, Patty Mills’s stats are quite comparable to the other players. He leads the way in shooting percentage, while falling somewhere in the middle on rebounds, assists and points. Some of the players in this comparison play wing, meaning they garner a higher amount of rebounds.

Next, let’s look at his efficiency per 100 possessions:

Per 100
(image: Basketball Reference)

This is where Mills really excels. Once again, his shooting percentage is higher than others, and he ranks 2nd on assists. Where he really stand out is his efficiency ratings. He is roughly 10% more efficient offensively than the 2nd placed Tyler Johnson, and equal 1st on defense.

The final comparison is their Player Efficiency Rating (PER) rating. This stat deduces all their contributions into one number, whether they be positive or negative.

PER
(image: Basketball Reference)

Patty’s PER this season is clearly ahead of the others at their time of signing their big contracts.

With this in mind, let’s look at the dollars.

The maximum contract Mills can get is with a starting salary of $30.6 million. That can be ruled out.

As mentioned previously San Antonio can offer him the largest annual raises, and the longest length contract. However, I don’t believe they will offer him a 5 year deal, unless the last year is a team option. 4 years is much more likely.

Based on the statistics above, and with the increase of the salary cap, I have concluded that his contract offers could look like this:

SALARY

Patty Mills’ market value works out to be roughly $18.6 million per season. This doesn’t necessarily mean San Antonio will offer him a contract, and may let him go in free agency. Tony Parker is ageing, and they may opt to move for a big name point guard. Based on this contract he would be taking up approximately 16-17% of the cap, which is not outrageous for a 6th man.

Let’s look at San Antonio’s salary cap situation:

SA
(image: Basketball Reference)

Manu Ginobili will retire, so he will not re-sign. Pau Gasol, Dewayne Dedmon and David Lee all have player options. They would all be expected to exercise them. Jonathon Simmons has had a breakout year, and he may be lost to another team.

San Antonio may look to trade Pau Gasol, freeing up his obligation next season. That would only leave roughly $77 million in commitments and allow the team to target a big name free agent. They would also be able to re-sign Mills.

If he was not to re-sign with the Spurs, who will he sign with? There are plenty of teams with cap space who could see Patty Mills as a starting point guard.

Dallas, Denver and Philadelphia all have a need at the PG and cap space to facilitate Mills’ market value.

Wherever Patty plays next season, he should overtake Andrew Bogut as having the largest NBA contract ever awarded to an Australian athlete.

Mills is managed by Steve Heumann at CAA Sports

(H/T Basketball Reference and Spotrac)

Sharapova Adds Avon To Her Portfolio

Photo credit: www.celebritynetworth.com
Photo credit: http://www.celebritynetworth.com

Hot off the heels of winning the French Open, Maria Sharapova has announced a partnership with French cosmetics brand Avon. Terms of the deal have not been disclosed.

Under the agreement Sharapova will be the face of Avon’s fragrance Luck, with behind the scenes photos of the shoot being released today. The fragrance will be available from September. “I always say the harder you work, the luckier you are because you strive for bigger goals. I love being able to partner with a company like Avon that empowers women around the world to accomplish their dreams.” Maria said.

Maria is one of the most marketable stars on the planet. The 27 year-old nets approximately $23 million from a hosts of sponsors including Nike, Samsung, head and Evian. Most notably, Maria launched the Sugarpova candy line, with the company selling over 1.5 million bags of candy since it’s inception.

*Maria Sharapova is represented by Max Eisenbud at IMG*

(H/T Us Weekly)

Friday Fix: Stories You May Have Missed This Week (02/05/14)

Alabama v Texas A&M

Huge week in athlete representation news, here are some of the stories that made headlines:

Golfer Andrew Parr chose to crowdfund his year on the tour through Indiegogo, he succeeded. (Golfer Andrew Parr Hits Sponsorship Goal Through Crowdfunding)

A practice dedicated to representing athletes and their legal interests has been formed (Super Practice Formed To Represent Athletes’ Rights)

Melbourne Victory players Archie Thompson and Adrian Leijer have both re-signed with the club on one year deals. (Source)

Former Kentucky basketball player James Young has signed with Jay-Z and Roc Nation for representation. He is predicted by many mock drafts to go in the first round. (Source)

David Ortiz has signed an endorsement deal with Dunkin’ Donuts. He’s managed by Fernando Cuza. (David Ortiz joins Dunkin’ Donuts roster)

NFL prospect Johnny Manziel has signed a sports memorabilia deal with Panini. Maverick Carter, who also manages LeBron James, is his marketing agent. (Johnny Manziel signs multi-year Panini deal)

Cristiano Ronaldo has signed an endorsement deal with Tag Heuer. He is managed by Jorge Mendes. (Cristiano Ronaldo signs timely new deal)

Tennis player Robin Hasse has signed an apparel deal with Head. (Dutchman Haase signs racket-to-toe Head deal)

 

Jeremy Lin Moves To Adidas, Seeks Opportunities In Asia

2012lingqDespite the hysteria of ‘Linsanity’ settling down, Houston Rockets point guard Jeremy Lin is still very much in command. He has decided to switch from Nike to Adidas for his clothing and shoe contract. Adidas now have 78 NBA players on their books, including Derrick Rose and Ricky Rubio. Financial terms and contract length were not disclosed. The deal was struck after his Nike ended and they declined to match Adidas’ offer.

Part of the contract with Adidas is Jeremy Lin doing appearances in Asia. Being the first Asian-American in the NBA, Adidas see this area as a huge market for growth. They are currently ranked behind Nike in the Chinese sportswear market, but only marginally. Jeremy sees the international potential of his own brand, and while he won’t have his own shoe, he will be having an input on design.

Lin moved to Houston prior to last season on a 3 year, $25 million deal. This is due to expire at the end of the 2014-15 season.

Jeremy’s agent  Jim Tanner has also has been in the news of late. He recently left William & Connolly to form his own firm, Tandem Sports and Entertainment, taking Lin with him.

(H/T Bloomberg)

 

 

 

A Look At Athlete Representation In 2014 In Australia

It’s been a relatively quiet year in the athlete representation industry in Australia. There were no new Collective Bargaining Agreements negotiated, no major agency moves and no notable lawsuits. The biggest news of the year was arguably Lance Franklin’s move to the Sydney Swans in the AFL. Liam Pickering managed to get the free agent a 9 year, $10 million contract, a figure never before seen in the game.

Looking to next year there is a little bit more on the agenda. Below is a look at what to expect in athlete representation in 2014:

THE BUSINESS

AFL Collective Bargaining Agreement: What will the review bring?

As per the agreement signed in 2011, the AFL Players Association and the AFL had the right to review the 5 year deal in 2014. The AFLPA are angling for a percentage of revenue deal, similar to what is in place in many sporting leagues. The equalisation of clubs may also be discussed, and a potential luxury tax or salary cap for football departments has been mentioned.

image: hollywoodreporter.netIMG Sale: How will it affect Australian operations?

With the sale of powerhouse agency IMG nearly the final stages, what impact will it have on the Australian office? The firm has quit representation of AFL players in recent years, but still has a strong arm in tennis and rugby. Their Models division also has a large presence in Australia. While the company will certainly go through a name change, it is highly unlikely that the day-today operations will change. The final stage of bidders are companies currently not involved in Australia, and any contraction of business wouldn’t make economic sense.

AGENTS AND AGENCIES TO WATCH

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The Lighthaus

This firm is less than a year old, with Lucy Mills leaving Connors Sports Management to set up her own agency. The Lighthaus already boasts a stellar list of clients including Adam Goodes, Jimmy Bartel and media personality Rebecca Judd. Look for this company to move further into celebrity management.

DSEG

This Melbourne based sports management company has seen a rise in clients over the past 12 months, with things looking like they won’t slow down. The company recently signed Hawthorn premiership coach Alastair Clarkson, who is looking like hitting the $1 million club in his next contract. DSEG’s clients division keeps making strides without representing players in any of the major codes. Look for this agency to maintain a strong hold on racing media talent and possibly make a bigger splash in cricket.

Ricky Nixon: What will he do?

After a spell on the sidelines Ricky can apply to be an AFL accredited agent again next year. But the big question remains, will he? He has remained coy on what his next project will be, though a consultant role to players has been raised in the past.

THE FREE AGENTS

David Mundy
David Mundy

AFL: Will Carlton lose two of their stars?

Next years’ list of potential free agents in AFL will have many clubs salivating. Heading the list is David Mundy, who is expected to look for a deal worth $700,000 a season. This figure will rise should a bidding war begin. At 28, this will most likely be his last big payday. With Barlow, Fyfe and Sandilands out of contract the Fremantle Dockers may have a hard time squeezing all their talent in the cap. Two of Carlton’s major players in Bryce Gibbs and Marc Murphy are also on the market. Both will look for deals worth over $600,000 a year. Hawthorn and Collingwood have a lot of cap room to play with and could make a play for a big star.

NRL: Will Sonny Bill stay on?

Sonny Bill Williams has already committed to another season with the Sydney Roosters, but should he have a season like his last he will almost certainly consider offers from Rugby Union. Melbourne Storm Captain Cameron Smith has been touted for a move to the Brisbane Broncos, with offers of $3 million over 3 years being tempted to lure the Queenslander to his home state.

James O’Connor: Will he return?

James O’Connor packed his bags for England this year, signing for the London Irish. He had a tumultuous 2013 and subsequently has been stood down from Wallabies duties. The 23 year-old play-maker has a lot of raw talent, will he return to Super 15 or pursue the riches of Europe?

ATHLETES SET FOR A MASSIVE 2014

Rising basketball star dante exumDante Exum

This 18 year-old Melbournian has a difficult choice to make. Already predicted to go 5th in the NBA Draft, he is currently considering whether to make the leap to the big time early in favor of missing playing in college. He is yet to sign an agent, as this would void his college eligibility. His signature will be hotly contested, as a top 5 pick can make over $20 million in their first contract.

Torah Bright 

Australia’s greatest ever snowboarder is set to excel in Sochi at the Winter Olympics this year. The defending champion is on track for another gold medal, which can allow her to gain further marketability in her sport. Torah is Australia’s best hope for a gold.

Mitchell Johnson

While Mitchell Johnson is having a fantastic 2013, look for him to succeed off the pitch next year. The fast bowler will certainly to garner a string of endorsements, not to mention a lucrative IPL contract.

David Warner

David Warner Australia

Reports have suggested that David Warner could stand to make $50 million over the next 10
years. With what will certainly be a large increase in his Cricket Australia contract, he will look for even more riches in the IPL.

 

While the industry in Australia is relatively small compared to other markets, there is always something happening. The above mentioned issues and agencies are only the tip of the iceberg of what is exciting times for athlete representation. Stay tuned to this blog and my Twitter for what is sure to be an eventful year
.

Jermain Defoe Set To Become Highest Paid MLS Player In History

Jermain-DefoeIt has been reported that Tottenham striker Jermain Defoe is set to sign with Toronto FC, in what will be the largest salary ever seen in the MLS. The 31 year-old will sign a four year deal with a wage of approximately $150,000 a week. His base salary of $110,000 at Spurs has been matched, with the further portion to be made up through bonuses.

Although David Beckham signed a landmark five year deal in 2007 worth $250 million, he only earned $6.5 million in salary. The majority of his deal was made up through revenue splits. Clint Dempsey of Seattle was the highest paid player in the 2013 season, earning roughly $5 million.

The England Striker has fallen out of favor at Spurs since the signing of Roberto Soldado. Rumors have been circling for the past month that the 31 year old will make a move, and talks gained further traction on Saturday. Defoe will likely join Toronto FC at the beginning of the European winter transfer window on January 1 for a fee roughly around the $10 million mark.

Toronto FC are managed by former Spurs player Ryan Nelsen, and after an unsuccessful season, the club promised they would look to make changes to improve.

The MLS is somewhat of an enigma, with it being one of the few soccer leagues around the world that has a salary cap. While the cap figure wouldn’t make a dint in many Premier League payrolls, the ‘Designated Player’ rule allows MLS teams to pay marquee players outside of the cap. The previously mentioned David Beckham is one of the most famous to have filled this spot, with his move from Real Madrid to LA Galaxy in 2007. In recent years many European stars have made the switch, including the likes of Thierry Henry, Robbie Keane and Tim Cahill.  This is often an attractive proposition for a fringe European player, or a North American star looking to return home (such as Clint Dempsey and Landon Donovan).

Defoe was a fans’ favorite at Tottenham, and it will remain to be seen if this will dent the North London club’s ambition for European qualification.

Stephanie Rice Signs New Deal Sans Agent

959067-stephanie-riceLast month I reported that former Olympic swimmer Stephanie Rice had opted to cut ties with her management team and start representing herself. She was to be helped by mentor Mark Bouris, who hosted her on Australia’s Celebrity Apprentice. To my knowledge this is still the case.

Now she has signed up for a new deal, signing on as an Ambassador for the 2014 Inter Dominion Championship in Sydney, a flagship event on Australia’s harness racing calender. Stephanie Rice already has an interest in harness racing, owning a 10% share in a horse aptly named ‘Steffi Rice’, with earnings from the horse going towards the Melanoma Institute of Australia.

“I am most privileged to be the Ambassador for the Inter Dominion as it is an exciting time for harness racing” Stephanie Rice said.

Harness Racing NSW CEO Sam Nati is very pleased with Rice being appointed to the role, stating that her appeal to the 18-35 year old demographic is exactly where the industry needs to target. The event will also be broadcast on Channel 9.

Rice currently supports Epilepsy QLD among a host of other charitable efforts, including supporting Daffodil Day.