The NBA prorate of veteran minimum deals only applies to 1-year deals. By signing DeAndre Jordan for 2 years guaranteed instead of 2 1-year contracts, Joe Dumars has cost the Pelicans’ owners ~$3M as the NBA will not cover the remainder amount as they would in a standard 1-year veteran minimum deal
The NBA prorate of veteran minimum deals only applies to 1-year deals. By signing DeAndre Jordan for 2 years guaranteed instead of 2 1-year contracts, Joe Dumars has cost the Pelicans’ owners ~$3M as the NBA will not cover the remainder amount as they would in a standard 1-year veteran minimum deal.
Essentially, the NBA covers the extra of any veteran minimum contract past 2 years of experience level. So while DeAndre Jordan’s vet minimum on a 1-year deal is at ~\(3.9M (as he has +10 years in the league), the Pelicans would only have to pay ~\)2.45M of it, which is the equivalent of a vet min for a player with 2 years in the league, and the rest would be covered by the league to the player.
…issue is, that only applies for 1-year deals. As DeAndre Jordan signed a 2-year deal at the vet minimum “amount”, that league provision no longer holds and the Pelicans will have to cover the full \(7.9M owed to the player. They could have just signed him to separate, B2B 1-year contracts and sidestepped this issue, but as things stand Joe Dumars cost the Pelicans' owners about \)3M for no reason! There is speculation he didn’t really understand the rule, which I can’t say would be a surprise. Another inspired decision by their key decision maker!