November 15, 2017, 8:03 pm
Robert Covington and the Sixers agreed to a four-year, $62 million extension on Wednesday which includes a 15 million dollar increase on Covington’s existing $1.67 million salary for this season.
The Sixers got a bit of a bargain over the next four years based on their willingness and ability to put more money in Covington’s pocket this year. It’s probably an unintended consequence of tanking for so long, but the Sixers were savvy to use their current cap space to take money off the books in the future. They were about $10 million under the soft-cap and will retain $4-5 million of cap space per year over the length of Covington’s deal. Covington has established himself as one of the best three-and-D players in the league and is shooting 50 percent from deep along with 1.6 steals and 0.8 blocks this year.