As you can see, Memphis Grizzlies small forward Quincy Pondexter had quite a treat waiting for him on Halloween.
That’s Pondexter, a member of the 2010 draft class, signing his contract extension, reportedly worth $14 million over four years.
Pondexter became the sixth member of the 2010 draft to get an extension, and might be the last. Teams have until midnight ET to lock up players drafted three years ago with long-term contracts, and no one else seems close to a deal.
Pondexter joined John Wall, Paul George, Larry Sanders, DeMarcus Cousins and Derrick Favors as those who have gotten extensions. His is the first that has not averaged eight figures per season.
Earlier this month, the Grizzlies appeared to be targeting backup forward Ed Davis for an extension. But the sides reportedly were far apart, and the focus shifted to Pondexter, whose distance shooting is more valuable to how his team plays than the dime-a-dozen game of Davis.
Two more players from the 2010 draft appear to be likely candidates for big long-term extensions – Phoenix Suns guard Eric Bledsoe and Utah Jazz forward Gordon Hayward.
However, neither player is reportedly close to a deal. And ironically, both are impacted by the four-year, $49 million package given to Favors, the most recent player to receive an extension.
Bledsoe is impacted because like Favors, he spent his first three seasons showing incredible promise primarily as a backup. No one questions whether he can start; the question is whether he can star, which is expected of players making $10 million per season.
And Hayward is impacted because he is Favors’ teammate, and the small-market Jazz cannot afford to be a tax team. They also have Enes Kanter, Alec Burks and Trey Burke in line for extensions over the next several years.
Below is a rundown of all 30 first-round picks in the 2010 draft, their current status and their prospects for long-term security.