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Larry gets an assist on signing his new deal. (Photo credit: Instagram/larrysanders)

Larry Sanders made his contract extension official.  In addition to the one year remaining on his rookie deal, his new four-year extension keeps him under contract for the Bucks through the 2017-18 season.

If the financial terms are anywhere near the $44 million figure that was in the news last week, then the Bucks got a steal.  The going rate for quality starting centers is at least $10 million per season, and the Bucks locked up their defensive stalwart for just a shade over that.  Compared to recent deals like:

  • Brook Lopez, 4 years, $60.8 million
  • DeAndre Jordan, 4 years, $43 million
  • JaVale McGee, 4 years, $44 million
  • Nicola Pekovic, 5 years, $60 million
  • Serge Ibaka, 4 years, $49.4 million

the Bucks are getting a reasonable deal.  Of course, other teams’ mistakes wouldn’t justify a Sanders deal, but the Bucks are 1) staying within the market price for players of his caliber, and 2) prioritizing their offseason moves around the skills of Sanders over those of Brandon Jennings and Monta Ellis, two players who are much more easily replaced than Larry.

The unmeasurable bonus is that Sanders wants to play in Milwaukee.  As he wrote on his Instagram post,

It’s official..can’t believe I’ve been granted this opportunity to represent Milwaukee for the next 5 years and hopefully the rest of my career. Words can not explain my gratitude for the @bucks organization and the faith in me as a leader and a worker..I won’t let you down Mil-town..see you in the BC!!!
With the four years on his rookie deal soon to expire, and four more on the way via this extension, it’s as if Sanders just got elected as President of Milwaukee.  Let’s hope he vetoes a lot of shots this season.