The rule allows young players who outperform in their class to demand more money.
A player with less than six years of experience must earn an all-NBA honor twice and be voted an All-Star Game starter twice or be named the MVP. If the player falls under the criteria, the young player can negotiate a “max”contract and get paid up to 30 percent of their team’s salary cap on their second contract. Previously, they were only eligible for 25 percent of the salary cap.
The rule is named after Derrick Rose who, in his third year playing in the NBA for the Bulls, was named the 2010-11 MVP. He will be the first player who can take advantage of the new rule.
Rose was pleased the new rule passed under negotiations. “It’s unbelievable,” Rose told CSNchicago.com. “The rule, I guess it fits me, for what I achieved at a young age and hopefully, there will be a couple more people like me.”
Kevin Durant may also be eligible because the extension he signed has not yet taken effect due to the lockout.
Salary caps in the NBA vary year-to-year. They are calculated based on the league’s revenue from the previous season.