This was the final day to get this deal done, otherwise Bynum would have been a restricted free agent this off-season. Andrew is now set to average around $14.5 million for the next four seasons.

L.A. Times: The Lakers and Andrew Bynum have agreed in principle on a four-year contract extension worth about $58 million, keeping their center of the future in the fold through the 2012-13 season, according to sources familiar with the negotiations who would not speak publicly.

Bynum, who will make $2.8 million this season, will earn close to $42 million over the first three years of his contract extension. The fourth year will be a team option for about $16 million.

The Lakers declined to comment, although an announcement could come as early as this afternoon.

David Lee, Bynum’s agent, spent more than a week in Los Angeles trying to negotiate the extension and returned to his New York home Wednesday afternoon without a deal in place.

Lee, however, will return to Los Angeles today, to formalize the deal, one day before the Friday deadline for contract extensions for players such as Bynum.

Both sides appeared to be far apart earlier in the week, with Bynum’s agent asking close to an average of $17 million a year on a five-year deal and the Lakers countering with an average of $11 million a year over five years.

Continue reading ‘BREAKING NEWS: Lakers, Andrew Bynum agree to four-year deal’

  • http://TheVerveNerve.com Billy Kupchak

    Now is everyone happy? :cool:

  • Mitch Kupchak

    Thank God that’s settled :]

  • ShortDiezel

    yes i am happy… very very happy!!!!!!!! now we just need to lock up kobe, ariza and farmar for a couple more seasons and this squad will be a dynasty…

    great job Mitch!!!!!

  • 123kid

    now that its solved! lets get that championship back to l.a.!

  • LakersNo1

    Now AB will start blocking more shots. Is this mean BYE BYE LO? no mo $$ for him. take a pay cut LO!

  • daboss1848

    food for thought:
    Bosh, Wade, Melo, LBJ earn 14,410,581

    AB is set to earn same . . . is he in that class?

    • http://TWITTER piniero1960

      They are all underpaid (for now!) 14 per isn’t excessive. We now simply need to find a way to keep him consistenly healthy so that his performance will parallel his wallet size.

  • SamV

    How are the Lakers able to fork out so much cash? And I think this is a great move by Mitch. Bynum is making as much as LO about (per season) right? He is our 3rd most valuable player in my opinion. Boards, Pts, and defensive anchor. I don’t think he’s in that class but he will be and we don’t want anyone stealing him.

  • DCLAKER
  • AndrewT

    The deal is fair both ways, but it’s pretty clear that the Lakers are paying for “upside.” Hopefully with his contract out of his way, Bynum can focus on developing his game now instead of being overeager on court. He’s going to need some go-to moves if he wants the max.

    I’d really wish he’d develop some combination of head & pump fakes, jab step, a bank shot, and a hook shot. But for now, alley oops and put backs are all the Lakers need.

    [Comment ID #53449 Will Be Quoted Here]

    The Lakers are the second most valuable franchise in the NBA. They can afford it because Jack Nicholson’s floor seats command $5.4K a night, not including “special” nights. In addition, they also make a lot off of apparel sales, business partnerships, and television contracts.

  • http://twitter.com/nugge7 Jim Murdoc

    WOOOOOO!!!

  • rawnnn

    i think they paid him too much…

  • e-bucher

    [Comment ID #53448 Will Be Quoted Here]

    nope

  • http://jamieinsider.celebuzz.com Jamie Spears Insider

    Well that’s a bit much. I was hoping they’d get something done around 11 mil a year as well… Now this is tough on Lamar and Ariza. Both of them will have to take less than they deserve next off season.

  • xtro

    now that’s outta the way, let’s go get them championship rings!!

  • ICE CREAM MAN

    Bynum is in the drivers seat here. This deal is by no means a max out deal. If Bynum becomes the real deal then he will get a pay raise again. If not and he stays the same then he is a little over priced. It’s really up to him now. Anyways good job Mitch.

    Hey guys, when Mitch screwed up we were all on him but now when he is doing the right moves and stuff were is the praise?

  • roscoe

    they had to pay him something like this. lamar won’t be on the team next season and ariza will get 5 mil.

  • True Lakers Fan

    yesssirrrrrr now i can sleep better tonight! :D

  • LA4LIFE

    I still think they could have brought it down to 13millions. Although I am a big fan of AB i think He, along with Kobe should think about the TEAM first before thinking about themselves. The BULLS team of the 90s managed their paychecks much better because they convinced their players to take cuts while giving them more money from endorsments and other media related events. Im saying Bynum because he was due this year and Kobe because he can opt out. I know Pau isnt in contract year or close to that. Now the big deal will be with LO. Will he take a pay cut?? It didnt sound like it when he said at the begining that he needed to be on the court for obvious reasons. So i wouldnt be surprised if he doesnt sign back. I guess we ll see… but congrats for AB, hope he ll get back to the same level of play he was at before the injury…

  • Edward

    [Comment ID #53448 Will Be Quoted Here]

    Most those players are set to make more money than they do now.

  • E-ROC

    Ah, I would’ve waited until the off-season. I would much rather have see a larger sample size of Bynum before doling out that kind of money. That’s just me

  • http://TheVerveNerve.com Billy Kupchak

    [Comment ID #53459 Will Be Quoted Here]

    I’ll let my father know, thanks! :cool:

  • mr.laker19

    Aye, of course he is not good as D-wade, Bosh, Mello and LBJ. But the difference is he is a TRUE center. How rare are those guys? Shaq or Duncan are the last of the great bigs. Bynum has the potential to compete with Yao and D-Howard for a long time at the top. Even though 14 is better than 17 or 18, I still do think he is not worth all that…now. But that money is based off of potential, remember that.

  • PGMVP

    Finally no more problems for the future another great day for the LAKERSNATION

  • Andrew Rafner

    this is great news!

  • lakerschamps09

    this is great but boss and ebucher r rite….

  • daboss1849

    kobe 30
    pau 15
    bynum 15
    vlad 6
    walton 5
    ariza 5
    farmar 5
    fish 5
    sasha 5

    were going to be over a 100 mil a season the next couple of years when you take in account kb opting out and these young guys getting around the mid level and when u add in the scrubs and thats assuming we dont sign lo back next year.

  • 1ofMany

    BIG contract for someone who hasnt even averaged back-up minutes in his short career. Nothing worse than spending large amounts of $$$ based on potential. You better earn that money byno!

  • http://jamieinsider.celebuzz.com Jamie Spears Insider

    I think Lamar, Ariza and Kobe will have to take big pay cuts next summer…

  • LA4LIFE

    Yeah i think they will but i really think that Bynum should have taken less than 14mill… I mean yes he was good last season but why not help explain to him the situation and what you expect from him… Bynum will NOT find a better place to play than LA because he is not the main go to guy… If another team will have to sign him for max then he ll be the main guy there and no talent around him in which case he most likely wont perform at high levels. He is playing good now cause the pressure is NOT on him to score or lead the team. His main focus is defense and rebounding.
    Im still not sure that 14 is the way… I wouldve been better with less than 13…not sure how much less but for sure less

  • LA4LIFE

    Lets put it this way: if your team goes to the FINALS without you… you re probably not worth that much to that team… and this was said on ESPN and NBA TV a couple of times… And i know ppl are gonna say that hes key and very important but i think they need to think about it for a sec… We need him for defensive purposes and not offense…therefore 14 is a bit too much

  • kobe4ever

    LA4LIFE
    Oct 30th, 2008 at 4:02 pm Click this link to quote this comment in your reply

    Yeah i think they will but i really think that Bynum should have taken less than 14mill… I mean yes he was good last season but why not help explain to him the situation and what you expect from him… Bynum will NOT find a better place to play than LA because he is not the main go to guy… If another team will have to sign him for max then he ll be the main guy there and no talent around him in which case he most likely wont perform at high levels. He is playing good now cause the pressure is NOT on him to score or lead the team. His main focus is defense and rebounding.
    Im still not sure that 14 is the way… I wouldve been better with less than 13…not sure how much less but for sure less

    …uh you should check out the fact that MICHAEL JORDAN MADE $33 Million in one of his years in Chicago by holding the franchise hostage. But it was worth it…wanna know why? b/c they got their 3rd championship at that time. so before you say kobe and AB need to be unselfish like the great f’ing Michael Jordan (who punched his teammates out and was hated by them seriously what kind of dick punches his own teammates in the face and causes horace grant to say he’s going to break your f’ing knees and cheats on his wife too) and needs to take a paycut check your facts buddy.

  • kobe4ever

    I still think they could have brought it down to 13millions. Although I am a big fan of AB i think He, along with Kobe should think about the TEAM first before thinking about themselves. The BULLS team of the 90s managed their paychecks much better because they convinced their players to take cuts while giving them more money from endorsments and other media related events. Im saying Bynum because he was due this year and Kobe because he can opt out. I know Pau isnt in contract year or close to that. Now the big deal will be with LO. Will he take a pay cut?? It didnt sound like it when he said at the begining that he needed to be on the court for obvious reasons. So i wouldnt be surprised if he doesnt sign back. I guess we ll see… but congrats for AB, hope he ll get back to the same level of play he was at before the injury…

    …uh you should check out the fact that MICHAEL JORDAN MADE $33 Million in one of his years in Chicago by holding the franchise hostage. But it was worth it…wanna know why? b/c they got their 3rd championship at that time. so before you say kobe and AB need to be unselfish like the great f’ing Michael Jordan (who punched his teammates out and was hated by them seriously what kind of dick punches his own teammates in the face and causes horace grant to say he’s going to break your f’ing knees and cheats on his wife too) and needs to take a paycut check your facts buddy.

  • kobe4ever

    MJ never took a paycut, neither did scottie look it up.

  • Freshh

    *Food for thought response.*
    Boss weren’t you the one who was soooo ecstatic for having Bynum back?

    Also the # of Centers that can produce adequate numbers are low in the NBA ATM.

    Do I think 14 mil is too much?
    Yes, I don’t really think it’s a matter of Andrew’s talent,
    just the health that concerns me.

    We’ll see

  • kobe4ever

    but i definitely agree with you that 14 is way too much. but we need him bro, and plus i wanna party at figueroa this june

  • kobe4ever

    I think Lamar, Ariza and Kobe will have to take big pay cuts next summer…

    i dont’ believe kobe will, the Lakers have his “Larry Bird” rights and can raise his salary through the roof without much of a penalty, just like MJ did during his first 3 peat to get $33 Mill from the Bulls. But the payroll will not exceed $100 mill b/c you have to remember that contracts are heavily laden towards the end and the initial years accrue up to the larger amount. But i definitely see the concern, i would love to see ARIZA BACK! He added a sick 3 point shot, that boy couldn’t shoot a lick in orlando and last year but he really has added that to his game while injured, just like AB’s midrange jumper. They both are young and should continue to expand their games, i say this is a good pricey move.

  • Lakerboi

    [Comment ID #53472 Will Be Quoted Here]

    First thing I thought when I heard the news. I don’t think that we can keep all these players unless Kobe signs back for less.

  • ShortDiezel

    We need to get rid of WALTON so we can clear some cap room for Ariza

  • http://thelakersnation.com jj123

    too much money…..

  • MILO

    im glad that they finaly reached an agreement……

  • gugy

    It seems a lot of money for someone who still needs to prove he will be indeed worth that money.
    Anyway, the money does not come from my pocket, so if Buss is happy paying this, that’s fine with me.

    For sure Lamar, Luke and Vlad get paid too much for doing too little. Hopefully Bynum will earn his paycheck.

  • LakersFirst

    [Comment ID #53488 Will Be Quoted Here]

    If Kobe is a team player, he should opt out next season and resign for less. He said he wants to win a championship. He now has a team that are contenders. If he wants to keep them together, then he should do what he can to help. Jerry Buss did his party by agreeing to go over the salary cap and pay the luxury tax. Kobe should do his part to help out financially.

  • ZenMaster23

    Listen guys, here’s what hasn’t been said about why getting this done now was so important.

    Now that Bynum is locked up, he will start playing better and be more comfortable on the court.

    Imagine the pressure of not only having to try and lead your team to a title, but also having millions at stake. You would be concerned about your numbers, working too hard which might cause an injury, etc.

    Now Bynum can relax and go to work on the court. He can now focus on only one thing – making this team the best in the NBA and winning a championship.

    Another thing to consider is that if the Lakers waited until the end of the season, some other team with a lot of cap space would have offered him the max contract – guaranteed. That means the Lakers would have really been screwed from a payroll perspective since they would have to shell out 18mil per.

    Bottom line, be glad that Mitch got this done now!

  • ricky

    i think the lakers are paying too much, they should have tried to negotiate the price down to about $12-13 million. i think it’s overpriced and i know that the lakers are just forking out this large amount so they can make sure they keep him in purple and gold and also they are banking on his “potential”. so that’s pretty much what they are paying for, “potential”. i guess in the end, it’s not a really bad deal, however, it will hurt the team financially and we will be strapped with salary issues for a few years or until we are able to remove some contracts to get some cap space. i would also like to see, kobe take a paycut if he opts out, but at his age, i think he would ask for max because it will be the last contract of his career in my opinion and he would want as much as he can get. or if odom can take a paycut as well, would help nicely. cause i know that as long as ariza and farmar improve, they will demand at least $5-6 million a year, which goes the same for sasha. luke and vlad on the other hand, i do like, but aren’t worth as much as they are getting paid. i don’t know what the team is gonna do if they wanna get more talent, which is why mitch kupchak and the buss family are gonna take care of it, they know what to do. but in the long run, the lakers are the lakers and no matter how you look at it, they will always be near the top of the nba if not the TOP! this team just has a knack, uncanny ability to get the star players each generation.

  • roscoe

    odom simply won’t be back unless he wants to play for 5 mil which he doesn’t. hopefully they can get this lineup for the future

    Farmar
    Kobe
    Ariza
    Pau
    Bynum

  • LA4LIFE

    Kobe4ever you re getting the wrong idea… I do NOT want to see Bynum play ANYWHERE else… b/c the way this team is can bring us at least 3 championships… and that with AB healthy and running. BUT I do think that his agent was a morron and wanted max and did not think about the LAKERS. Im sure you ll agree that he wouldve been decent taking about 12-13 instead of 14+. He has the time and an open window in the future to get bigger deals from LA. I just dont want to see LA lose any of the players we have UNLESS we get something worth it in return…
    And i would love for Kobe to set an example and take a paycut cause then it will be the best thing he would do to show how much he cares about the team and his teammates

  • Angelo Vergara

    I’m just glad he’s locked up and more glad that the Lakers didn’t have to pay max to keep him like they would have had to if they didn’t come to an agreement.

  • basketbolista!

    it’s too much!
    look baron davis the clippers will just pay him $11M for this year and chris kaman they will pay him $9.5M this yr..
    compare andrew bynum to baron davis.. who’s better?

  • e

    even though i feel like its slightly a bit too much, hopefully it wont backfire..he better pick up his game

  • kPoAbUe

    Good Job Lakers. Bynum u better play well unlike fluke and vladiii.

    LOl NOW DODGERS SIGN MANNY RAMIREZ PLEASE!! =)

    LOL I AM A WHOLE LA FAN EXCEPT CLIPPERS WHOWHOWHOWHOWHOWHWOHWO =) GO LAKERS 82-0 ALL DA WAY!!!! =) OWN DENVER NUGGETS ON SATURDAY

  • yellowpurplefever

    Most of us fans are on the same page. $14mil for an unproving center? Andrew is Good but hes not Great yet. WTH !!! This David Lee guy (agentscumsucker) is good, probably another freaking lawyer. Andrew, now you have your $$$, lets show us what $14mil can be…if we get the Chip then its worth it. to be seen. Congrats Andrew, you can buy your high school now.

  • e

    we will not be able to afford to resign lamar anymore…unless he resigns for dirt cheap =/..not a good idea

  • LakersNo1

    With 14.5 mil, we could’ve signed LBJ or somebody in that class.

  • MR. JUAN_YOUR WARLOCK

    Actually, the first year Drew will earn only 12.4 mil with a gradual pay raise thereafter; 14 mil in the 2nd year, 15 mil in the 3rd year, and 16 mil in the 4th year, if the Lakers exercise their team option.

  • MR. JUAN_YOUR WARLOCK

    Also, the first year is only about 8.6 mil more than what he was already guaranteed to receive, for the year 2009/10.

  • MR. JUAN_YOUR WARLOCK

    And don’t worry about cap space for later years, since bad contracts will gradually wind down, with the Lakers being hooked on those particular contracts for lesser years, and therefore, can be traded away much easier.

  • T-Dub

    Too much too soon. He hasn’t proven anything yet…let alone play an entire season. Why bid against yourself? No one else would have offered him that at seasons end unless he averaged 25pts and 12 rebs…then Mitch still could have matched. I just hope we don’t see a Fluke Walton Contract all over again…because of injury or whatever.

  • T-Dub

    I wouldn’t worry about the salary cap, luxury tax, Kobe paycuts or whatever. The Lakers will never have cap space to sign a superstar anyway as long as Kobe is here…he is our superstar. They can always add a player with the mid-level (6mil). Look, stop counting the Busses money. They have it…the Lakers are very profitable even if they have to pay luxury tax. Some of you guys act like its your money. I’m more concerned about guys getting money (Fluke) that could be going to better players.

  • LakersFirst

    [Comment ID #53534 Will Be Quoted Here]

    Yea, lets be like the NY Knicks who have the freaking highest payroll and can’t get any quality players and yet go nowhere.

    What many people fail to realize when they say “don’t count the Lakers money, they have the money”, is that by having such a high payroll, the team essentially gets stuck and can’t improve the team with new talent (i.e. NY Knicks). I for one as a Laker fan do not want the Lakers to be stuck with a high payroll that restricts the Lakers from improving and getting talent (not necessarily superstars, TALENT!). But hey, if you want to be like the NY Knicks, then more power to you, but I’m glad that Mitch is the GM, even though many people bashed him for years.

  • ab4sure

    [Comment ID #53456 Will Be Quoted Here]

    Would Toronto, Miami, or Denver trade their stars for Bynum???

    YEP!!!

  • ab4sure

    [Comment ID #53459 Will Be Quoted Here]

    That is a cool question from the Ice Cream Man..

  • Dracul

    The problem isn’t Bynum’s contract – its the albatross deals of Fluke Walton (5 mil) and Vlad Radmanoglitch (6 mil)

    Those guys suck up salary AND 2 slots, when you can someone pretty good for 11 million. The signing of Glitch to space the floor wasn’t a bad idea judging from his previous production, but the dude completely gives up on EVERYTHING if his 3 pointer isnt falling.

    Ariza added a surprising 3 point shot, which is very welcome news. At this rate he can replace Glitch in the lineup, but after seeing how well he’s playing with Farmar in the 2nd unit, Phil will probably keep him where he’s at.

    I don’t know if we can keep Farmar, Ariza AND Odom, it just depends if they’re after money or other things. Farmar and Ariza are from UCLA so they’re pretty content in LA.

  • MR. JUAN_YOUR WARLOCK

    NBA franchises must concern themselves with regards to the element of economics in the NBA, simply because they have to. There are rules in place to follow and if you-(meaning the franchise)-are not wise you will get stuck in a limbo state of being, such like the fine example LakersFirst made in his post…. With regards to Bynum’s value… Man, it’s up there… Show me a team that will absolutely not deal their superstar for Bynum straight up… I believe there is only one at this time, and I think everyone knows who that one would be.