Andrew Wiggins is a highly skilled and talented professional basketball player who is currently a member of the Golden State Warriors. In this article, we will explore the intricacies of his contract with the team and what it could potentially mean for his future in the NBA.
Andrew Wiggins Current Contract Details
Andrew Wiggins signed a 5-year contract worth $147,710,050 with the Minnesota Timberwolves. The contract guaranteed him the entire amount, and it had an annual average salary of $29,542,010. In 2022-23, Wiggins will earn a base salary of $33,616,770, and this will be both his cap hit and dead cap value.
|
Season |
Salary |
|
2021-2022 NBA |
$31.6 million dollars |
|
2022-2023 NBA |
$33.6 million dollars |
|
2023-2024 NBA |
$33.6 million dollars |
Andrew Wiggins' current contract with the Golden State Warriors is a four-year deal worth $147.7 million. The contract was signed in 2020 and will run through the 2023-2024 NBA season. In the 2021-2022 NBA season, Wiggins will earn $31.6 million in salary. In the 2022-2023 NBA season, Wiggins' salary will increase to $33.6 million. His contract also includes a player option for the 2023-2024 NBA season, which means he can choose to become a free agent at the end of the 2022-2023 NBA season.
Incentives and Trade Restrictions
Andrew Wiggins' contract with the Golden State Warriors includes a standard 4-year deal worth $147.7 million, with all of it being guaranteed. The contract, signed on July 12, 2019, will run through the 2023-2024 NBA season. The contract also includes a player option for the final season, which allows Wiggins to become a free agent at the end of the 2022-2023 NBA season.
|
Andrew Wiggins' Contract Details |
|
|
Contract
Type |
Standard |
|
Contract
Length |
4
years |
|
Signed
On |
July
12, 2019 |
|
Contract
End Date |
2023-2024
NBA season |
|
Total
Contract Value |
$147.7
million |
|
Guaranteed
Money |
$147.7
million |
|
Average
Annual Value |
$36.9
million |
|
Base
Salary (2021-2022) |
$31.6
million |
|
Base
Salary (2022-2023) |
$33.6
million |
|
Incentives |
Likely
and Unlikely Incentives |
|
Trade
Restriction |
Yes
(until April 15, 2023) |
|
Dead
Cap Value if Released (before 2021-22) |
$82.1
million |
|
Dead
Cap Value if Released (before 2022-23) |
$48.9
million |
|
Dead
Cap Value if Released (before 2023-24) |
$15.6
million |
Apart from the base salary, Wiggins' contract includes incentives for his performance on the court, classified into two categories - likely incentives and unlikely incentives. The likely incentives are those that he is expected to achieve, while the unlikely incentives are those that are less likely to be achieved. If Wiggins meets any of the likely incentives, his salary for that season will increase by a predetermined amount. However, if he achieves any of the unlikely incentives, his salary for that season will increase by a larger amount.
Wiggins' contract also includes a trade restriction, which means that he cannot be traded until April 15, 2023, without his consent. After this date, he can be traded without any restrictions if the team decides to do so.
Golden State Warriors decide to release Wiggins from his contract, there will be a dead cap value associated with it. The dead cap value is the amount of money that will count against the team's salary cap, even if the player is no longer on the roster. The higher the dead cap value, the more limited the team's resources become. If the Warriors release Wiggins before the end of the 2021-2022 NBA season, his dead cap value will be a substantial $82.1 million. If they release him before the end of the 2022-2023 NBA season, his dead cap value will still be significant at $48.9 million. Finally, if they release him before the end of the 2023-2024 NBA season, his dead cap value will decrease to $15.6 million.
Dead Cap Value
|
Dead Cap Value |
Release Before |
|
$82.1 million |
End of 2021-2022 NBA season |
|
$48.9 million |
End of 2022-2023 NBA season |
|
$15.6 million |
End of 2023-2024 NBA season |
Conclusion
Andrew Wiggins' contract with the Golden State Warriors is a significant investment for the team. It is a four-year deal worth $147.7 million that includes incentives for performance on the court and a trade restriction. If the Warriors decide to release Wiggins from his contract, there will be a dead cap value associated with it.
