On Wednesday, the NBA announced this season's All-NBA Teams.
There were no surprises on the First Team, but, as expected, the last forward spot on the Second Team turned out to be a three-man race between Pascal Siakam, Jayson Tatum and Khris Middleton.
Siakam beat both of them out, earning 15 more points than Tatum and 21 more points than Middleton. In the process, he joined Vince Carter, Chris Bosh, Kyle Lowry, DeMar DeRozan and Kawhi Leonard as the only players in Toronto Raptors history to make an All-NBA Team.
From Most Improved to All-NBA.- Toronto Raptors (@Raptors) September 16, 2020
Details: https://t.co/yAohZi11we pic.twitter.com/ZlJUDsbbVC
First things first, congratulations to Siakam. He may have struggled in the playoffs, but he had a fantastic regular season, leading the Raptors to the second-best record in the NBA with career-best averages of 22.9 points, 7.3 rebounds and 3.5 assists per game. An All-NBA selection, whether it was First Team, Second Team or Third Team, was very well deserved.
Secondly, this does have some financial impact on the Raptors moving forward.
As I wrote earlier in the season, Siakam had quite a lot of money riding on how the All-NBA Teams turned out this season, as he has several incentives tied to the four-year extension he signed with the Raptors last summer.
The most pertinent incentive? Siakam's deal will now be worth 28 percent of the cap, not 25 percent, as a result of him making the All-NBA Second Team this season.
What the cap will be next season and beyond, we still don't know because we're still waiting to find out how the season being suspended due to the coronavirus pandemic will impact the league financially in the years to come. But to give you an idea of how much of a difference that 3 percent can make, Siakam's extension will rise from $129.0 million to $136.9 million if the cap stays flat next season, according to ESPN's Bobby Marks, meaning his starting salary will increase from $27.3 million to $30.6 million.
Siakam's salary will increase in each of the following three years, peaking at as much as $37.9 million in 2023-24, per Marks.
Here is the adjusted rookie max extension for Pascal Siakam based on a $109.1M cap:- Bobby Marks (@BobbyMarks42) September 16, 2020
If the cap stayed at $115M, the total would have increased to $144.3M.
Where it gets interesting for the Raptors is that Siakam making more money gives them less cap space to work with when it comes to re-signing players like Fred VanVleet, Marc Gasol and Serge Ibaka this offseason. It will also give Toronto less cap space to work with next offseason when they are reportedly hoping to have max money to pursue Giannis Antetokounmpo should he become an unrestricted free agent.
That doesn't mean the Raptors now have no shot at re-signing those players or going after Antetokounmpo - there are always ways to shed salary, whether it's by trading players, waiving players, stretching players, declining team options, etc. - but Siakam making All-NBA Second Team does make matters a little more complicated for them in that regard.
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