Dwight Howard Eligible Now to Sign Contract Extension With Orlando

Filed under: Knicks, Lakers, Magic, NBA Rumors

LOS ANGELES -- Orlando center Dwight Howard has been telling anybody who will listen lately there's nothing he can do now about his contract situation.

That's wrong. Howard is eligible now to sign a two-year, $42.56 million extension with the Magic that would take him through the 2014-15 season.

Howard, who was drafted with the top pick in 2004, signed a five-year, $82.55 million extension July 12, 2007 that kicked in for the 2008-09 season. He has the ability to opt out of that deal and become a free agent in the summer of 2012.

However, Howard, making $16.51 million this season, has been eligible to sign an extension with the Magic since July 12, 2010. That was the first allowed day due to it being the three-year anniversary of when he had signed previously.

"Since the third anniversary of signing his extension has passed, he is eligible to extend,'' an NBA official confirmed in an e-mail to FanHouse on Saturday night about Howard, who could lose more than $10 million if he doesn't sign an extension by the June 30 expiration of the collective bargaining agreement and a new CBA seriously curtails salaries.

 

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