Milwaukee Bucks center Larry Sanders, who walked away from the NBA to get his personal life in order, will collect $13.3 million as part of his buyout agreement.
“League sources claim the Bucks will use every year they are allotted under the NBA’s ‘stretch provision,’” according to Gery Woelfel of the Journal Times. “And that means the Bucks will pay Sanders in annual increments of approximately $1.9 million over a seven-year period. That amount will be applied to the Bucks’ salary cap each season through the 2021-2022 season.”
The stretch provision allows NBA teams to make payments to players for twice the number of years remaining on a contract, plus an additional year.
The 26-year-old Sanders has three years left on a four-year, $44 million guaranteed contract. All totaled, Sanders walks away with half that amount.
Sanders is struggling with life. He entered a program for anxiety, depression and mood disorders.
The NBA suspended him twice for drug infractions — 10 games this season and for five games last season.
Last December, the NBA suspended Sanders for a game for shoving the Portland Trailblazers’ Nicholas Batum.
In January 2014, Sanders got into a shouting match with teammate Gary Neal.
At one point, Neal yelled, “I earn my money. Why don’t you try it?” according to the Arizona Republic.
But at least Sanders is getting help.
He spoke about walking away from the NBA in this video with The Player’s Tribune.
You have to give Sanders credit for taking the steps he needs to turn his life around.