The Toronto Raptors star forward, Pascal Siakam, narrowly missed eligibility for a supermax contract extension this summer due to his placement in this year’s All-NBA honors.
Despite a remarkable season, Siakam finished just short of earning one of the coveted All-NBA spots. He concluded the voting period with 15 points, falling 66 points shy of LeBron James, who secured the final third-team forward position with 81 points. James joins the esteemed players who received this year’s All-NBA honors.
The first team included Giannis Antetokounmpo, Jayson Tatum, Luka Doncic, Shai Gilgeous-Alexander, and Joel Embiid. The second team comprised dynamic forwards Jaylen Brown and Jimmy Butler, accompanied by Stephen Curry, Donovan Mitchell, and Nikola Jokic. James and Julius Randle rounded off the third team, along with De’Aaron Fox, Damian Lillard, and Domantas Sabonis.
Siakam’s failure to make the All-NBA team signifies that he will not be eligible for a supermax extension this summer, a contract that could have potentially earned him around $290.3 million over five years following the conclusion of his current contract. Instead, Siakam now stands to be eligible for a max contract extension of four years, potentially worth approximately $192.2 million, should he opt to sign a new deal with the Raptors during the upcoming off-season.
Despite this setback, Siakam has an alternative route to a larger contract. If he waits out the off-season and successfully makes an All-NBA team next year, he could regain his eligibility to sign a supermax deal. This opportunity, however, would be contingent on him re-signing with the Raptors as a free agent rather than as a contract extension.
If Siakam does not make the All-NBA team next season, he could still be eligible for a five-year contract as a free agent in 2024, worth around $248.8 million from the Raptors.
Siakam has $37.9 million remaining in the last year of his current contract with the Raptors. He delivered an impressive performance during the 2022-23 season, setting career highs with an average of 24.2 points and 5.8 assists per game and an average of six rebounds. His stellar play led to his second appearance in the All-Star Game, solidifying his reputation as a key player for the Raptors.