I don't think KVN "goofed" and I don't think he nor the team come out bad on this deal. He's a 7-9mil/yr player... solid across the board, not really ELITE in anything.
To give him 15 up front is a lot and definitely more than he was worth. Lets say he gets a new contract with someone else for 3yrs/20-24mil... means he'll be getting exactly his worth over the course of 4 years, maybe even a little more considering he'll be at the tail end of his career.
The player and team both come out okay after this contract on a one year term. The plan for Miami was definitively to keep him for 2 years and we would have been fine if the cap was "normal". You would see us take a $2mil dead cap or something after the second year? No biggie. We took a slightly bigger dead cap hit cause no one expected the cap drop that happened. Miami gave themselves a little out after year one in case he was a MAJOR flop - he wasn't - but no one expected the coronavirus stuff.
Everyone wins. It was a smart contract by Miami and KVN cashed out nicely on one years worth of work and still will be able to get a solid contract after this one. When everyone wins, this is truly the sign of a GOOD DEAL.
To give him 15 up front is a lot and definitely more than he was worth. Lets say he gets a new contract with someone else for 3yrs/20-24mil... means he'll be getting exactly his worth over the course of 4 years, maybe even a little more considering he'll be at the tail end of his career.
The player and team both come out okay after this contract on a one year term. The plan for Miami was definitively to keep him for 2 years and we would have been fine if the cap was "normal". You would see us take a $2mil dead cap or something after the second year? No biggie. We took a slightly bigger dead cap hit cause no one expected the cap drop that happened. Miami gave themselves a little out after year one in case he was a MAJOR flop - he wasn't - but no one expected the coronavirus stuff.
Everyone wins. It was a smart contract by Miami and KVN cashed out nicely on one years worth of work and still will be able to get a solid contract after this one. When everyone wins, this is truly the sign of a GOOD DEAL.