Contract Summary

  1. 4 years, $54,000,000
  2. Team Option (2028-2029)
  3. Flat salary for two seasons, then a decline in salary
  4. Visit Wizards Capsheet for Annual Breakdown

Cap Discussion

  1. As this is a Rookie Extension, Kispert is “Poison Pilled” if traded in the 2024-2025 season. This means his incoming salary is the average salary of each season of the contract, while his outgoing salary remains his 2024-2025 salary of $5,705,887.
  2. It appears that the structure of this contract was to ensure that Kispert’s salary, including his poison pilled trade salary, remained below 9.12% of Salary Cap to allow it to fit within the Non-Taxpayer Midlevel Exception (NTMLE).
  3. Under the 2023 CBA, the Teams can now use their NMTLE to acquire a player via trade.
  4. Kispert’s incoming trade salary for this season is $12,321,177 (the aggregate of all seasons remaining). As the Salary Cap is projected to increase by 10% each season, his salary is to remain within the NTMLE amount for all seasons moving forward.
  5. Kispert’s Team Option ($13,050,000) is the only current player contract running through 2028-2029 for Washington.

Rookie Scale Extension Historical Perspective (click here for full article)