Francisco Garcia Signs an Extension: $30 Million, Five Years

by Ziller on Sep 25, 2008 11:23 AM PDT

From SN&R Readers' Choice Best Sportwriter in Sacramento winner Sam Amick:

The Kings' push to secure a young core took another step forward on Thursday, as they agreed in principle to a contract extension for fourth-year swingman Francisco Garcia.

According to a source with knowledge of the negotiations, the deal is for five years and $29.8 million. Kings basketball president Geoff Petrie did not immediately return a call for comment, nor did Garcia's agent, Aaron Goodwin.

This deal is well within the acceptable parameters. It comes out to $6 million a year, roughly the league's average salary. I think we all agree El Flaco has the ability, talent and drive to be an above-average NBA player. If so, this is a good-to-great deal (depending on scales of his production).

If last season was a fluke and Garcia's jumper disappears, or if he turns back into an out-of-control turnover machine, then it'd a bad deal. But it'll never break the bank. Imagine if he becomes your fourth most vital player, making less than $7 million. That leaves a ton of space for the stars and additional role-playing help.

Cap ramifications coming soon.

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ummmm.....

Yay!

Donte? Donte'! Donté?!?!
'spect da 'xtra E'

by iashwash on Sep 25, 2008 12:09 PM PDT 0 recs

Also

This is further evidence against the Hawks, demonstrating just how badly they effed this summer up.

Donte? Donte'! Donté?!?!
'spect da 'xtra E'

by iashwash on Sep 25, 2008 1:56 PM PDT up 0 recs

No doubt

No mistakes in the tango, darling. Not like life. It's simple. That's what makes the tango so great. If you make a mistake, and get tangled, you tango on

by pookeyguru on Sep 26, 2008 9:32 AM PDT up 0 recs

I have to say

I surprised this happened so quickly. It makes a statement that GP thinks highly of Cisco.

by KingsFan on Sep 25, 2008 1:01 PM PDT 0 recs

IT also says and confirms

That GP is really good at keeping quiet, picking his spots, and getting it done. A couple weeks ago we ere discussing IF Cisco was getting an extension, this week Amick confirmed he might, and a couple days after the extension is done.

by eduardo_m7 on Sep 25, 2008 1:50 PM PDT up 0 recs

And...

I definitely approve of the extensions. Good deal in my very very humble opinion

by eduardo_m7 on Sep 25, 2008 1:51 PM PDT up 0 recs

I think it also says

Cisco thinks highly of Sacramento.

Let's go home.-Kevin Martin

by LeaguePassAddict on Sep 25, 2008 5:39 PM PDT up 0 recs

Nice work

I love it, seems like a fair deal from all sides, and I’m happy to lock down Garcia as part of this team’s core.

by ForThree on Sep 25, 2008 1:12 PM PDT 0 recs

This is a beautiful thing

great work GP and grats to Cisco. I have to say that this off season has to go down a a pretty fracking big success.

Ball movement ... is like jogging for most people: They do it occasionally, and it makes them happy. Then they go back to not doing it. - Henry Abbott

by Kfan in Korea on Sep 25, 2008 2:09 PM PDT 0 recs

Now if we could only trade K-9 before camps starts

by eduardo_m7 on Sep 25, 2008 2:11 PM PDT up 0 recs

Petrie is just a man, dammit

by sactoreg on Sep 25, 2008 2:59 PM PDT up 0 recs

I said all Summer those were the 2 highest priorities

Seems Geoff managed to agree.

No mistakes in the tango, darling. Not like life. It's simple. That's what makes the tango so great. If you make a mistake, and get tangled, you tango on

by pookeyguru on Sep 26, 2008 9:33 AM PDT up 0 recs

Good deal

As we’ve seen with the Kevin Martin deal, it’s much better to lock down your up-and-comers at a reasonable price rather than bidding yourself into salary-cap-hell a year or two later.

Never forget: I am a complete idiot

by Exhibit G on Sep 25, 2008 2:21 PM PDT 0 recs

Just read the Amick piece

Garcia’s response struck me as funny:

We have the best owners in the league.

Nice thing to say, next:

Our general manager is one of the best.

Not quite as nice, but still a good thing to say, and finally:

And we have a good coaching staff

Ouch!

Ball movement ... is like jogging for most people: They do it occasionally, and it makes them happy. Then they go back to not doing it. - Henry Abbott

by Kfan in Korea on Sep 25, 2008 2:58 PM PDT 0 recs

Maybe

It’s because Reggie doesn’t sign his paycheck.

Let's go home.-Kevin Martin

by LeaguePassAddict on Sep 25, 2008 5:40 PM PDT up 0 recs

Does this signing

have anything to do with Reef’s recent retirement? If you run the numbers it looks like Reef retiring takes the 6 million or so off the books that will go to Cisco in 2009, keeping the Kings still below the luxury tax. Do you think this move would have been made if Reef hadn’t retired? I think they would have waiting until next summer and took their chances.

by Travis Mays Hayes on Sep 26, 2008 2:32 AM PDT 0 recs

Other options available

There were other options to reduce the total salary. Not pick up Shelden & Douby’s options would have generated twice what was needed to pay Cisco which is only $3M more than this year. Also, buying out the final year of Moore’s contract would have saved $4M. So, now they don’t have to decide. Which probably made the decision to sign Cisco a lot easier.

"If you don't have anything good to say, LIE" - Mom

by HighTops on Sep 26, 2008 2:44 AM PDT up 0 recs

I think as far as the money goes

It’s very reasonable. After all Jason Kapono got 6 years 24 mil on the market, and all Kapono is capable of doing is to really shoot the ball from long distance. So I’m not necessarily sure this is that big of a deal in terms of money, and keeping Garcia around means the Kings are definitely committed to keeping him long term.

I like the move, and am thrilled to see the Kings did this before camp. Now the Kings can focus directly, and completely, on camp and not let this linger. Smart decision by all parties concerned.

No mistakes in the tango, darling. Not like life. It's simple. That's what makes the tango so great. If you make a mistake, and get tangled, you tango on

by pookeyguru on Sep 26, 2008 9:31 AM PDT 0 recs