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Rockets Sign Eric Gordon To 4 Years $75.6 Million

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  • Rockets Sign Eric Gordon To 4 Years $75.6 Million

    Rockets, Eric Gordon Agree To Four-Year Extension

    The Rockets and shooting guard Eric Gordon have reached an agreement on a four-year contract extension worth approximately $75.6MM.

    Gordon had been entering the final year of his current contract and will earn a $14,057,730 salary in 2019/20. His new deal will lock him up through the 2023/24 season and brings the total value of his next five years to nearly $90MM.

    However, Gordon isnít assured of receiving that full amount, as the final year of his new contract is non-guaranteed. It would become guaranteed if he makes an All-Star team or the Rockets win a championship.

    The starting salary of a veteran contract extension can only be worth up to 120% of the playerís previous salary, so Gordonís new deal will technically be worth his maximum extension value. A 120% bump on this yearís salary will bring him to $16.87MM in 2020/21. Annual 8% raises going forward will give him salaries of $18.21MM (2021/22), $19.57MM (2022/23), and $20.92MM (2023/24) over the rest of the contract.

    Gordon, 30, has spent the last three seasons with the Rockets, serving as one of the teamís go-to scoring options behind perennial MVP candidate James Harden. In 2018/19, the former No. 7 overall pick averaged 16.2 PPG on .409/.360/.783 shooting in 68 games (31.7 MPG). Gordon has also been Houstonís most consistent outside threat besides Harden, averaging exactly 8.8 three-point attempts per game in each of the last three years.