Real Madrid to put up fight for Nikola Mirotic?

Real Madrid to put up fight for Nikola Mirotic?

From the Spanish paper, Marca, they note that Real Madrid is attempting to extend Mirotic's contract which already extends out to 2016 (though it has a 2.5 million dollar buy out this coming season).

Google translation here original link here

Can Real Madrid realistically pay Mirotic?

Perhaps, perhaps not. It's up for debate how much the Bulls would realistically go on Mirotic, and it's definitely a possibility that they could up their offer enough to keep Mirotic's interest from heading to the NBA a couple years further away.

Since he already has a 2.5 million dollar buy out this season, of which the Bulls can only pay 600k, Mirotic will expect to make only around three million (with nearly two million of his MLE deal going to Real Madrid for this buyout) this coming season. Factor in taxes, and next year he probably makes more in Real Madrid.

However, after that, it might be tough for Real Madrid to contend with what the Bulls can offer if they go a full five million and full MLE. The question becomes for both sides, how many years do you put on the contract?

The Bulls would likely want three years [full bird rights and Mirotic is a restricted FA] while Mirotic could want anything from two to four years [two to get out of his deal quicker and try and reup for more than the MLE or four to ensure that he locks in considerably more money after losing some money from his buyout.

The fourth year is a killer for the Bulls, as if they do a fourth year they won't have RFA rights on him when he's a free agent. Rookie scale deals end with restricted free agency, but because Mirotic is no longer bound by the rookie scale, his deal would only end with the Bulls have restricted free agency rights on a three year or less deal.

It will be an interesting negotiation either way.

The short story is this. If Real Madrid makes a real offer and Mirotic accepts then he's likely over there for quite some time. Any new offer will almost certainly keep an NBA prohibitive buyout amount on the books for him. It also sounds like any renegotiation that takes place will be aimed at keeping him long term not just leaving him there for another season.

If Chicago is looking to make Mirotic a part of their core, they need to get him over as soon as possible. His development will be limited in Europe at this point. Up until now, it's likely been much better training than college, but he needs to start playing against NBA caliber athletes on a regular basis to improve his NBA potential sooner rather than later.

After a season already ruined by Rose's injury, the Bulls need to find a way to get Mirotic here next season in order to instill some hope and fresh blood into the line up.

Filed under: Players

Tags: chicago bulls, nba, nikola mirotic


Leave a comment
  • 1- Mirotic can only sign a 4-year deal with the Bulls, the only way to get 5 years is with Full Bird rights, the MLE can only be for four years.

    2- If the Bulls give Mirotic a signing bonus to pay the remainder of his buyout, he would make just over $4 million his first season, not $3 million. Of course the salaries in years 2, 3, and 4 would be lower, because he got it up front in the signing bonus.

  • In reply to Don Ellis:

    Thanks for the info, Doug and Don.

    Obviously, the Bulls would want to sign Mirotic for at least 4 years. I think he comes over this summer because it is not just about the next 4 years. In 4 years when he is 26 yrs old, he may well be looking at a contract of $15 million per. Hopefully, this kid grasps basic math and finances -- or at least his agent does.

  • In reply to rustyw:

    I think they'd want to sign him for three in order to keep RFA rights on him as a FA.

  • In reply to Don Ellis:

    Fixed the part about four years. I forgot he's not actually coming off a contract with Chicago and they just have rights.

    The signing bonus thing is true, it's also true they can pay more of his buyout if they use cap room to do it (but it counts against the cap, so if they waive Boozer with amensty and let Deng leave they could pay more on the bonus).

    I don't think either scenario is particularly relevant though, it might help to give Mirotic the bonus up front though so he's not losing money immediately, but as you note, it doesn't change his total money.

  • In reply to DougThonus:

    For the longest time I was saying that Deng could only sign a 3-year extension now, and 4 years after July 1 (when of course he can get 5 with Full Bird Rights).

    And it won't surprise me if the Bulls let Deng walk, if they need to have more than the MLE to sign Mirotic. Niko is certainly more important to the Bulls future than Lu.

  • fb_avatar
    In reply to DougThonus:

    Well there are a few things you're missing here.

    1. Taxes in Spain are much, much higher than in Chicago. So economically, if it "breaks even," Chicago wins.

    2. Theoretically, the Bulls could offer him more than the MLE if they let Deng walk and amnesty Boozer, they could pay him much more. Supposedly as much as $12 million per year. Obviously, he won't command that much.

    The Bulls front office probably knows the math on this. They feel confident he's coming over next year. I wouldn't be so hesitant to think they can.

  • In reply to Don Ellis:

    If I am not mistaken, the MLE in the new CBA is for only 3 years at $5 million per plus slight raises. I have no idea if you can use "extra" cap space to pay the remainder of his signing bonus while using the MLE, or if the signing bonus is part of the MLE. Since the MLE is designed for teams over the cap it doesn't seem likely that you can use the MLE and the cap space signing bonus together.

    So the Bulls options appear to be the full MLE, $15+ million over 3 years, or create and use cap space(bye, bye Deng, Boozer and of course Hinrich) to offer him the same $15+ million over 3 years plus a signing bonus of at least $2.5 million to pay his buyout, or an offer of greater than 3 years and $15 million plus the signing bonus.

    I heard that the bulls had representatives over there recently talking to Mirotic, so I assume that is why his club is making an effort to extend him now. So, I guess it is up to Mirotic to decide if he wants to play in the NBA now or later or never. Money wise, I think it will become obvious that the sooner you get to the NBA and start getting paid, the more money that you will make over the long term.

    I have no idea what his Spanish club can afford to pay him right now, so maybe they blow him away, otherwise if the money is even close in the first few years he should come to the NBA unless he just doesn't think that he is ready or he just doesn't want to live in and work the US.

    Maybe we need to enlist Toni Kukoc as a recruiter(as opposed to Rose), even though I think that they are on the opposite sides of the ideological(religious) fence over there.

  • In reply to BigWay:

    You can't use extra cap space if you use the MLE, because if you have the MLE then by default you have no cap space. However, if you are under the cap you could use extra money to pay hsi buyout that would count against his cap but effectively it's just like paying him more money then.

    Non taxpayer MLE can go up to four years, the tax payer MLE is three years.

  • Can't blame them for wanting to lock him up. If they do though that really screws over any plans of Bulls contending in the next few seasons as he is/was a key piece in replacing (or hopefully upgrading on) Boozer. Probably would mean we overpay and keep Loul.

    Way to be the Christmas downer Doug!

  • In reply to Chad:

    Up next, coal in our stocking.

  • It's about Mirotic and his goals. If he likes playing in Spain and wants to be the best Spanish Basketball League player ever, he should play in Spain. If he wants to become the best basketball player he can become, he should play in the NBA as soon as he can. If he's all about maximizing his earnings the way, say, Luol Deng is, then it's a no-brainer for him to get his NBA career started so he can get that next contract, a possible max contract. I find it hard to believe he doesn't want to reach his earning or basketball potential and if he doesn't, then he's not the guy we need anyways.

  • Mirotic is probably the reason the Deng is still unsigned. Fans think that letting Deng go "for nothing" is a worst case, but signing Deng at the expense of not being able to bring over Mirotic would be tragic. Mirotic is priority #1, not Deng. If something can be worked out for Deng that is reasonable, fine.

  • In reply to Granby:

    Agree, but I think you and the Bulls' FO definition of "reasonable" and Deng's are far apart. Deng's goal is maximize his earnings as an NBA player, that goal is not compatible with the Bulls' plan moving forward.

  • I think I am going to become ill. After spending countless hours reading about and watching videos of this guy to have him not get signed by the Bulls would be dreadful. I am getting my pitchfork out of the basement and will be ready to storm Gar/Pax's offices should Mirotic become the next Fran Vasquez. Even that douche bag Kahn was able to convince Rubio to come to Minnesota (of all places) to play.

  • In reply to hgarbell:

    I think we'll be able to bring Mirotic over, but it looks like his existing club is going to fight. It will come down to how much he values money as well as whether or not he simply wants to be in the NBA.

  • In reply to DougThonus:

    Do you or any of your buddies have any insight as to how much they can offer him over in Spain. Is $5 million per within their means, way too much, or could they offer him considerably more. I don't know what the market is like over there. It seems like it got quite inflated before the world financial crash in 08, then completely crashed with the markets. Has it recovered, or is it still depressed.

    Also, are you sure about the free agent ramifications of a 3 year deal vs a 4 year deal, that seems like a counterproductive if not downright useless provision from the standpoint of teams keeping their best players, which is supposedly the NBA's goal. The current team should always get at least one shot at retaining/matching its own player through RFA.

    Finally, what is the earliest date that the Bulls can sign Mirotic, can we do it now for next season, do we have to wait until our season is over, until the entire NBA season is over, until after the draft, or after July 1st or 10th? If possible lets get GarPaxDorf and their check book over there right now and hammer this thing out.

  • In reply to BigWay:

    A quick search and it looks like the highest paid Euroleague players are still only making about $7.8million per year. It would be nice if someone could chime in on Real Madrid's financial situation specifically. From a quick glance though, it looks like coming to the NBA next season would be a better long-term financial decision for Mirotic than signing with Real Madrid again.

    Also, completely agree that the current team should always get a shot at its own player through RFA, regardless of whether its a 3 or 4 year deal.

  • In reply to BigWay:

    Mirotic would be a RFA after 3 years, UFA after 4.

    Restricted free agency exists only on a limited basis. It is allowed following the fourth year of rookie "scale" contracts for first round draft picks (see question number 48). It is also allowed for all veteran free agents who have been in the league three or fewer seasons.

    But the way I have it figured, if the Bulls only use the MLE, they'll need to give him a 4-year deal with a Player Option on the 4th season (because of the way signing bonuses are calculated). But I don't know if Mirotic would be a RFA if he didn't pick up the 4th year option, I didn't see anything definitely stating either way (but I didn't look super hard).


    I usually never link to my blog out of respect to Doug, but since he's mentioned in this one, I thought I would. Just a Bulls Christmas poem.

Leave a comment