June 2, 2012; Oklahoma City, OK, USA; Oklahoma City Thunder forward Serge Ibaka (9) reacts to a play during the second half of a playoff game against the San Antonio Spurs at Chesapeake Energy Arena. Thunder defeated the Spurs 109-103 Mandatory Credit: Beth Hall-US PRESSWIRE

Serge Ibaka set to make as much as $51.5 million with new contract


Kyle Terada-US PRESSWIRE

The Oklahoma City Thunder locked up Serge Ibaka for the next four years a few days ago. The deal was initially reported to be worth only $40 million but was soon after said to be worth $48 million.

Now it is reported that Ibaka’s deal will guarantee him $49 million and he could earn as much as $51.5 million if certain individual or team goals are met. Ibaka will make at least $12.25 million each season.

This isn’t huge news but it does give a better idea for just how much Ibaka will be making and every penny does count with the luxury tax looming for OKC.

If the deal was $48 million, often times a player starts out making a little less than what they would average over four years, and then the deal incrementally goes up. Now we see that Ibaka will already be earning at least $12.25 million in 2013-14.

There’s no question that Ibaka is worth this money and that the Thunder made the right move to lock him up. It wasn’t for chump change though and the Thunder should feel the effects of the luxury tax in 2013-14.

The Thunder never said they wouldn’t enter the luxury tax and maybe they are just completely okay with doing so now.

The next thing on the agenda for the Thunder is James Harden and getting him to sign an extension too. He should get around the same as Ibaka and he would be sacrificing a significant amount to stay in OKC, but that does seem what Harden wants to do.

Tags: Contract Extension James Harden Oklahoma City Thunder Serge Ibaka