Contractual Details
Larry nance contract – Larry Nance Jr. signed a two-year, $21.6 million contract extension with the New Orleans Pelicans in July 2023. The contract includes a player option for the second year, giving Nance the flexibility to opt out and become a free agent in 2025.
The contract is a significant investment for the Pelicans, who are hoping to build a competitive team around Nance and other young players like Zion Williamson and Brandon Ingram. Nance’s salary for the 2023-24 season is $10.8 million, and it will increase to $10.8 million in the 2024-25 season if he exercises his player option.
Salary and Incentives
In addition to his base salary, Nance is also eligible for a number of incentives, including:
- All-NBA Team selection
- All-Defensive Team selection
- Sixth Man of the Year Award
If Nance meets any of these incentives, he will receive a bonus of up to $1 million.
Salary Cap Impact
Nance’s contract will have a significant impact on the Pelicans’ salary cap. The Pelicans are currently projected to have a salary cap of $123 million in 2023-24, and Nance’s contract will account for approximately 8.8% of that total.
The Pelicans will need to be careful not to exceed the salary cap, as they could face penalties from the NBA. However, Nance’s contract is a reasonable value for a player of his caliber, and it should not prevent the Pelicans from building a competitive team.
Comparison to Similar Contracts
Nance’s contract is comparable to other contracts for players of his caliber and position. For example, in 2022, Nicolas Claxton signed a two-year, $20 million contract with the Brooklyn Nets, and in 2021, DeAndre Jordan signed a two-year, $20 million contract with the Philadelphia 76ers.
Nance’s contract is slightly more expensive than Claxton’s and Jordan’s, but it is still a reasonable value for a player of his caliber. Nance is a versatile forward who can contribute in a number of ways, and he is a valuable asset to any team.
Performance Analysis: Larry Nance Contract
Since signing his contract with the Pelicans, Larry Nance Jr. has emerged as a valuable contributor to the team. His versatility and athleticism have made him a key piece in the Pelicans’ rotation, and he has played a significant role in their recent success.
Statistically, Nance Jr. has been a solid performer. In the 2022-23 season, he averaged 9.2 points, 6.5 rebounds, and 2.1 assists per game. He also shot 53.3% from the field and 36.7% from three-point range. These numbers are not eye-popping, but they are indicative of Nance Jr.’s efficiency and his ability to contribute in a variety of ways.
Strengths
- Athleticism: Nance Jr. is an exceptional athlete with great leaping ability and quickness. He uses his athleticism to his advantage on both ends of the court.
- Versatility: Nance Jr. is a versatile player who can play multiple positions. He can play both forward positions, and he can also play center in a pinch. This versatility makes him a valuable asset to the Pelicans, as he can fill in at different positions as needed.
- Defense: Nance Jr. is a solid defender who can guard multiple positions. He is a good shot-blocker and rebounder, and he is also quick enough to stay with smaller players on the perimeter.
Weaknesses, Larry nance contract
- Consistency: Nance Jr. can be inconsistent at times. He has a tendency to disappear for stretches of games, and he can be prone to turnovers.
- Free throw shooting: Nance Jr. is not a good free throw shooter. He shot just 67.3% from the free throw line in the 2022-23 season.
Impact on the Pelicans
Nance Jr. has had a positive impact on the Pelicans. He is a hard worker and a good teammate, and he has quickly become a fan favorite. On the court, Nance Jr. has helped the Pelicans improve their defense and rebounding. He is also a capable scorer and passer, and he can make plays in a variety of ways.
Overall, Nance Jr. has been a good signing for the Pelicans. He is a versatile player who can contribute in a variety of ways, and he has quickly become a valuable member of the team.
Future Outlook
Larry Nance Jr.’s contract has significant implications for the Pelicans’ future. It provides them with a versatile and talented player who can contribute in multiple ways. However, it also comes with a hefty price tag that could limit their flexibility in the future.
The Pelicans’ salary cap situation is already tight, and Nance’s contract will only make it more difficult to retain other key players. The team has several players who are due for contract extensions in the next few years, including Brandon Ingram, Zion Williamson, and CJ McCollum. If the Pelicans want to keep all of these players, they will need to make some tough decisions about who to keep and who to let go.