When you are scheduled to make $10 million in one year, it seems like something that would be hard to give up. Unfortunately for free agent forward Andrei Kirilenko, he decided to opt out of his contract with the Minnesota Timberwolves and test the open market. Now, instead of making $10 million a year, Kirilenko has watched his yearly salary slashed by more than 66 percent.
According to Nets beat writer Stefan Bondy, Kirilenko has agreed to a mid-level contract with the Brooklyn Nets that is only one-year and worth a mere $3.1 million.
It is stunning to see Kirilenko get such a poor deal after drawing a lot of interest, but the Timberwolves unwillingness to complete a sign-and-trade with the San Antonio Spurs or Oklahoma City Thunder only hurt him in the long run.
Now, Kirilenko will spend the 2013-14 season on the Brooklyn bench as the primary back up for recently acquired Paul Pierce.
Let this be a lesson, kids.
Don’t walk away from $10 million if you aren’t sure there are any suitors out there looking for your services. In fact, as a rule of thumb, I have promised myself to never walk away from $10 million in any circumstance.