As expected, given the financials involved, Los Angeles Lakers point guard Russell Westbrook will exercise the $47.1 million option on the final year of his contract, league sources told Yahoo Sports. Westbrook’s deal has been a depreciating asset since he signed it in the months after his 2017 NBA MVP campaign with the Oklahoma City Thunder. The nine-time All-Star has been traded to the Houston Rockets, Washington Wizards and Lakers over the past three years. The 33-year-old’s career-high… Source link
Read More »Kyrie Irving exercises player option to remain with Nets next season
Amid reports of “an impasse” between the Brooklyn Nets and Kyrie Irving, the seven-time NBA All-Star will exercise the $36.9 million option on his contract for the 2022-23 season, according to The Athletic’s Shams Charania. Irving can now sign an extension with the Nets or if the two sides cannot agree on the long-term deal Irving was seeking, he can become an unrestricted free agent next summer. The Nets could still trade him this season. Irving, an otherworldly talent and enigmatic… Source link
Read More »Tesla’s Musk exercises all of his stock options expiring next year
San Francisco (Reuters) -Tesla Inc Chief Executive Elon Musk has exercised all of his options expiring next year, signaling an end to his stock sales that triggered a fall in the share price of the world’s most valuable carmaker. Musk said last week that he would reach his target of selling about 10% of his stake in Tesla “when the 10b preprogrammed sales complete,” likely referring to his options-related stock sales. Since early November, he has exercised options expiring next… Source link
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