Irving will sign for four years in a deal worth up to $141 million, league sources said, while Jordan has agreed to a four-year, $40 million deal, Excel Sports agent Jeff Schwartz told ESPN on Sunday.
As part of the agreement to sign with Brooklyn, Durant and Irving are taking less than the max — forgoing between $4 million and $5 million each annually — to allow Jordan to get to $10 million a year, league sources said.
To sign Jordan, Irving would have to commit to a four-year, $122 million contract. In the case of Durant, the injured forward’s contract would come in at $137 million. However, Brooklyn can structure Durant’s and Irving’s contracts to include 15% of unlikely bonuses in each year. If the bonuses are reached, both players would recoup the lost earnings, getting Durant back to $164 million and Irving back to $141 million.