The league voted at the Board of Governor’s meeting to reimburse the Oklahoma City Thunder “several million dollars” for a rule change to the CBA that retroactively applied to Kevin Durant’s contract.
In 2011, a new maximum extension was possible for players who reached certain milestones. It was dubbed the “Rose Rule” but affected Durant first as his max extension with OKC went from a 5-year deal worth $74.3 million to $89.1 million.
Zach Lowe of Grantland was first to report on this.
Owners today voted to reimburse Thunder “several million dollars” for rule change new CBA applied retroactively to Durant’s contract, per sources. The vote took place at today’s Board of Governors meeting, according to several league sources here in Vegas.
The Thunder protested at the time, and Board today voted — not unanimously, I’m told — to pay OKC the difference b/w old and new Durant max. Kevin Durant will still get his full super-max amount; league will reimburse OKC ownership the difference, sources tell Grantland.
The Oklahoman has reported that the reimbursement will not affect the Thunder’s team salary. Durant will continue to get his full contract.
The Thunder are not getting the full reimbursement either, which would have been about $15 million.
For a team like the Thunder that are trying to save money, this could make a big difference. The fact that it won’t affect where the Thunder stand with their cap will make it less of a gain, but still the Thunder will certainly have some extra cash to utilize if they want to.