Blazers Near $8-Million Deal With Drexler
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PORTLAND, Ore. — Guard Clyde Drexler is close to a deal with the Portland Trail Blazers that would pay him about $8 million for one year, believed the highest single-season salary to any athlete in team sports.
Drexler and the NBA team are working on an extension agreement for his five-season contract.
Because the Trail Blazers are at the NBA salary cap, the team cannot increase his current salary. The team is considering a balloon payment to Drexler for a sixth season.
If a deal is reached, Drexler would receive about $8 million in 1995-96. It would raise his average annual salary from about $1.2 million to about $2.5 million.
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