Player option 3rd year is interesting.
第三年有球员选项，这很有趣。
That is a reasonable deal.
STONE is amazing.
But that PO in the 3rd year, is gonna hurt.
这是一个合理的交易。
斯通真是了不起。
但是第三年的球员选项可能会带来麻烦。
So does this mean cap space at the end of this season is now negligible?
这是否意味着明年休赛期的薪金空间已经微不足道了？35Ms per season is good for everyone and only 3 years max. Creative on Jalens part and savvy on Stones part. Win/Win.
每年3500万美元对每个人都是好事，而且最多只有3年。这对格林来说是有创意的，对斯通来说是精明的。双赢。
LOL at the trade Jalen peeps.
想交易格林的人要失望了。
Great deal for both parties. Actually allows Rox to keep everyone for the next 2 more years. The rookie max is 44.5M this year and prob 49M next year (10% increase in cap) so signing at 35M is a discount from his theoretical max.
对双方来说都是很好的交易。实际上允许火箭队在未来两年内保留所有球员。今年的新秀最高薪水是4450万美元，明年可能是4900万美元（工资帽增加10%），所以以3500万美元签约是低于他理论上的最高薪水的折扣价。
Meh, I would of rather had the team option in the 3rd year.
好吧，我更希望第三年是球队选项。
Team friendly and player friendly. Giving Jalen another two years to prove he's worth more than that.
Basically: we like you but don't fully trust you. Also very tradable if he performs well.
对球队和球员都友好。再给格林两年时间来证明他的价值超过这个合同。
基本上就是：我们喜欢你，但还没有完全信任你。如果他表现好，这份合同也很容易交易。
Well, it's bad news if he doesn't do a lot better because he's completely untradeable now.
Here's to hoping he totems his career around.
如果他的表现没有显著提升，那确实是个坏消息，因为他现在完全无法被交易。
希望他能扭转自己的职业生涯。
Glad this is out of the way honestly, because I hate these contract years when players put in max effort and then suddenly stink up the place the year after. That was a worry with Jalen, not Sengun.
很高兴这件事终于解决了，说实话，我讨厌这些合同年，球员们在这一年里全力以赴，然后突然在下一年表现糟糕。这就是我对格林的担忧，而不是申京。
The Green extension is unprecedented for multiple reasons:
1. Player option in year 3 Teams have gotten away from putting player options in rookie extensions. The last time a rookie extension had a PO and salary of $30M+ was Luka Doncic and Trae Young.
2. The ability to extend his contract starting in Oct. 2026. Green would be eligible to sign a 4/$227M+ extension 2 years from now.
格林的续约合同在多个方面都是前所未有的：
第三年的球员选项：球队已经不习惯在新秀续约合同中加入球员选项了。上一次有新秀续约合同包含球员选项且年薪超过3000万美元的是卢卡·东契奇和特雷·杨。
从2026年10月开始延长合同的能力：格林将有资格在两年后签署一份4年价值超过2.27亿美元的续约合同。
This could be an incredibly stupid deal. There was zero reason to give him anything until he proved he actually earned it.
这可能是一个极其愚蠢的交易。在他证明自己确实配得上这份合同之前，没有理由给他任何东西。
It's a gamble to lock up such an inconsistent player, even short term. He hasn't shown a significant positive effect on the floor with any regularity thus far,
However there's a ton of upside, could be a stroke of brilliance.
锁定这样一个表现不稳定的球员是一种赌博，即使是短期的。到目前为止，他还没有在场上以任何规律性显示出显著的积极影响，然而，他有很大的上升空间，这可能是一次天才之举。
fair for both sides...3 years is great for the org, Jalen has something to prove to make more money in the NBA...
对双方来说都很公平……3年对球队来说很棒，格林有东西要证明，以便在NBA赚更多的钱……
Good:
Keeps the total guaranteed money down, and limits downside risk of having a bad contract on the books out until 2031.
There's probably real but intangible benefit to team performance by getting a deal done and eliminating the risk of weird vibes this season
Bad
The PO sucks for the team. Really limits any upside that this is a "good" (rather than neutral) contract. Even if Jalen pops over the next couple years, he'll be expecting a ~$60M AAV extension in 2026 or he goes to unrestricted free agency.
TBD
We don't yet know all the details. The Rockets have a history of letting the player/agent win the press conference and disclosing incentives and payment structure later if they're team-friendly (see, FVV). Is some of this incentive-based, and is there front-loading, like the Vassell and Quickley contracts? We'll see.
保持了总保障金额的降低，并限制了持有一份糟糕合同直到2031年的下行风险。
通过达成协议消除了本赛季可能出现的奇怪氛围，对球队表现可能存在真正的但难以量化的好处。
不好的方面：
球员选项对球队来说很不利。如果真的是一个“好”合同（而不是中性的），这真的限制了球队的任何上行空间。即使格林在未来几年表现出色，他也会期待在2026年得到一份大约6000万美元的平均年薪的续约合同，否则他将进入不受限制的自由球员市场。
待定：
我们还不知道所有的细节。火箭队有让球员/经纪人在媒体上大获全胜，而后再根据球队友好性披露激励和支付结构的历史（参见FVV）。这份合同是否基于激励，是否有递减，就像瓦塞尔和奎克利的合同一样？我们拭目以待。
I like it… even though I was trending Green being the odd man out.
Not without its risk, but I prefer less money with the player option. Gives us more time to evaluate an inconsistent, with high upside player without overly committing
我喜欢这个决定……尽管我之前倾向于认为格林可能是被排除在外的人。
这个决定不是没有风险，但我更倾向于选择带有球员选项的较低薪水。这样给了我们更多的时间来评估一个表现不稳定但潜力很高的球员，而不会过度承诺。
I wonder if the security of his contract for the next couple of years is either going to either make him more confident and remove all nervous jitters like having the thought of a season ending injury derailing the value of his next contract or make him more complacent.
For many players having that burden removed often makes them better because they play with more confidence and security in their role.
But it also makes some players more complacent and ease off on the grind.
我想知道，未来几年合同的保障是否会让他更加自信，消除所有紧张不安，比如不再担心赛季结束的伤病会破坏他下一份合同的价值，或者让他变得更加自满。
对于许多球员来说，解除这种负担通常会使他们变得更好，因为他们在角色上打得更加自信和安全。但这也会让一些球员变得更加自满，放松了努力。
Green signs a deal that is fair to all parties. Even though Green could have held out for the super max for rookies, he left an out, where he could eventually exceed the money he leaves on the table in this deal.
格林签订了一份对所有方面都公平的合同。尽管格林本可以坚持要求新秀的超级顶薪，但他留下了一个出口，通过这个出口，他最终能够获得超过他在这份合同中放弃的薪水。
I am shocked at the way this is being received, this is the total opposite of what I would have expected. Anyway, I think this is a great deal, and I'm kind of surprised Jalen signed it. But this is a really good deal for the rockets.
我对得到这个消息感到震惊，这完全出乎我的意料。不管怎样，我认为这是一笔极好的交易，我有点惊讶格林会签署它。但这确实是火箭队的一笔非常好的交易。
Remember, the Rockets can pre-empt Jalen's opt out a year early by extending him in 2026 (if he agrees to it).
I've been a huge critic but Stone deserves props this time.
记住，如果格林同意，火箭队可以在2026年提前一年延长他的合同，从而阻止他选择跳出合同。
我一直是个严厉的批评者，但这次斯通值得表扬。
Overpay in money per year, made up by the flexibility of shorter years. I’m comfortable with the contract, however what people aren’t talking about is what this signals for how the team views Jalen, with only two years locked up and a potential unrestricted free agency where Jalen can leave for nothing, this deal was more about extending the shelf life of an asset rather than investing in a core part of the team long term.
In contrast, if what we are hearing about negotiations with Sengun are true, I’m guessing they are offering the same annual salary as Jalen except for the full 5 years, which shows the team IS committed to him as a core piece.
每年支付的金额可能偏高，但较短的合同年限提供了灵活性，弥补了这一点。我对这份合同感到满意。然而，人们没有讨论的是，这表明了球队对格林的看法：只有两年的锁定期，以及潜在的不受限制的自由球员身份，格林可以不留下任何东西就离开，这笔交易更多的是关于延长一个资产的保质期，而不是长期投资于球队核心部分。
相比之下，如果我们听到的关于与申京的谈判是真的，我猜测他们提供的年薪与格林相同，但为期完整的5年，这表明球队确实将他视为核心成员。
Very fair deal, I'm thankful Stone didn't just decide to max the dude. Honestly, this is a lot better than paying him the max if he decides to avg 25ppg this year on his pre-season efficiency.
I'm still hoping he keeps improving to become an all-star.
非常公平的交易，我很感激斯通没有决定直接给他顶薪。老实说，如果他今年以季前赛的效率场均得到25分，这份合同比给他顶薪要好得多。
我仍然希望他能继续进步，成为一名全明星球员。
Ime Udoka must have signed off on this deal. That tells me that, at a minimum, Udoka thinks that there is a reasonable chance that the flashes we saw last year are possibly sustainable.
This team lacks a proven franchise player. This deal gives us more time to figure out whether Green can be one.
乌度卡肯定对这笔签约点了头。这至少告诉我，他认为去年我们看到的格林那些闪光点有可能是可持续的。这支球队缺少一个经过验证的球队基石球员。这笔交易给了我们更多的时间来弄清楚格林是否能成为这样的球员。
Off the rip, I am disinclined to like this deal, because I don't think that the discount that was offered in per-year salary is commensurate with the risk in Jalen's profile if he doesn't take a substantial leap forward in terms of consistency. A max rookie extension is roughly 25% of the cap. This is going to start Green at around 21.6% of the cap. This is more than Tyler Herro's extension on a relative basis, and I do not think that Herro is some hugely positive trade asset at his current value. And again, Jalen would have to improve quite a bit just to get to Herro's level on a game-to-game basis.
From a longer term asset management perspective, I do wonder if there is a shift going on behind the scenes for both players and agents away from using unrestricted free agency as a way to maximize earnings, into trying to sign an extension as early as possible to lock in guarantees while still healthy.
We have seen consistently now that the NBA's salaries are so stupidly high compared to other sports, that getting the exact maximum is not absolutely essential. Derrick White, Dejounte Murray, Donovan Mitchell, Domantas Sabonis, Pasal Siakam, Lauri Markkanen, Jalen Brunson; lots of guys are clearly bypassing the stress of free agency and an uncertain future for the security of life-changing money, even when it seems obvious that they could get a lot more simply by waiting just one more season and start playing teams against each other.
Whereas LeBron's prime redefined player empowerment and using the threat of free agency to wield influence on the front office, it seems much more like the newest generation of stars wants to find fit and stability. It's a heck of a lot easier and less stressful to not be worrying about playing through injury for an entire year, and is the difference between $200M and $300M really worth it?
首先，我不太喜欢这笔交易，因为我认为每年薪水的折扣与格林如果在未来稳定性上没有显著提升的风险并不相称。新秀顶薪续约大约占工资帽的25%。这份合同将使格林的工资占工资帽的大约21.6%。这比泰勒希罗的续约合同相对比例要高，我不认为希罗在他目前的身价上是一个极具价值的交易资产。再说一次，格林需要有很大的提升才能达到希罗每场比赛的水平。
从长期资产管理的角度来看，我确实怀疑是否在幕后发生了转变，无论是对于球员还是经纪人，都从使用不受限制的自由球员身份作为最大化收入的方式，转变为尽可能早地签订续约合同，以锁定保障，同时仍然保持健康。
我们已经看到，NBA的薪水比其他运动高得离谱，获得确切的最大值并不是绝对必要的。德里克·怀特（Derrick White）、德章泰·穆雷（Dejounte Murray）、多诺万·米切尔（Donovan Mitchell）、多曼塔斯·萨博尼斯（Domantas Sabonis）、帕斯卡尔·西亚卡姆（Pascal Siakam）、劳里·马尔卡宁（Lauri Markkanen）、杰伦·布伦森（Jalen Brunson）；很多球员显然放弃了自由球员的压力和不确定的未来，选择了改变生活的金钱的安全感，即使看起来他们只要再等一个赛季，开始让球队相互竞争，就能得到更多的钱。
与勒布朗·詹姆斯（LeBron James）的巅峰时期重新定义了球员赋权和使用自由球员的威胁来对管理层施加影响不同，新一代的明星似乎更希望找到合适的位置和稳定性。不需要担心整个赛季带伤比赛要容易得多，也压力小得多，2亿美元和3亿美元之间的差距真的值得吗？
Player option 3rd year is interesting.
第三年有球员选项，这很有趣。
That is a reasonable deal.
STONE is amazing.
But that PO in the 3rd year, is gonna hurt.
这是一个合理的交易。
斯通真是了不起。
但是第三年的球员选项可能会带来麻烦。
So does this mean cap space at the end of this season is now negligible?
这是否意味着明年休赛期的薪金空间已经微不足道了？35Ms per season is good for everyone and only 3 years max. Creative on Jalens part and savvy on Stones part. Win/Win.
每年3500万美元对每个人都是好事，而且最多只有3年。这对格林来说是有创意的，对斯通来说是精明的。双赢。
LOL at the trade Jalen peeps.
想交易格林的人要失望了。
Great deal for both parties. Actually allows Rox to keep everyone for the next 2 more years. The rookie max is 44.5M this year and prob 49M next year (10% increase in cap) so signing at 35M is a discount from his theoretical max.
对双方来说都是很好的交易。实际上允许火箭队在未来两年内保留所有球员。今年的新秀最高薪水是4450万美元，明年可能是4900万美元（工资帽增加10%），所以以3500万美元签约是低于他理论上的最高薪水的折扣价。
Meh, I would of rather had the team option in the 3rd year.
好吧，我更希望第三年是球队选项。
Team friendly and player friendly. Giving Jalen another two years to prove he's worth more than that.
Basically: we like you but don't fully trust you. Also very tradable if he performs well.
对球队和球员都友好。再给格林两年时间来证明他的价值超过这个合同。
基本上就是：我们喜欢你，但还没有完全信任你。如果他表现好，这份合同也很容易交易。
Well, it's bad news if he doesn't do a lot better because he's completely untradeable now.
Here's to hoping he totems his career around.
如果他的表现没有显著提升，那确实是个坏消息，因为他现在完全无法被交易。
希望他能扭转自己的职业生涯。
Glad this is out of the way honestly, because I hate these contract years when players put in max effort and then suddenly stink up the place the year after. That was a worry with Jalen, not Sengun.
很高兴这件事终于解决了，说实话，我讨厌这些合同年，球员们在这一年里全力以赴，然后突然在下一年表现糟糕。这就是我对格林的担忧，而不是申京。
The Green extension is unprecedented for multiple reasons:
1. Player option in year 3 Teams have gotten away from putting player options in rookie extensions. The last time a rookie extension had a PO and salary of $30M+ was Luka Doncic and Trae Young.
2. The ability to extend his contract starting in Oct. 2026. Green would be eligible to sign a 4/$227M+ extension 2 years from now.
格林的续约合同在多个方面都是前所未有的：
第三年的球员选项：球队已经不习惯在新秀续约合同中加入球员选项了。上一次有新秀续约合同包含球员选项且年薪超过3000万美元的是卢卡·东契奇和特雷·杨。
从2026年10月开始延长合同的能力：格林将有资格在两年后签署一份4年价值超过2.27亿美元的续约合同。
This could be an incredibly stupid deal. There was zero reason to give him anything until he proved he actually earned it.
这可能是一个极其愚蠢的交易。在他证明自己确实配得上这份合同之前，没有理由给他任何东西。
It's a gamble to lock up such an inconsistent player, even short term. He hasn't shown a significant positive effect on the floor with any regularity thus far,
However there's a ton of upside, could be a stroke of brilliance.
锁定这样一个表现不稳定的球员是一种赌博，即使是短期的。到目前为止，他还没有在场上以任何规律性显示出显著的积极影响，然而，他有很大的上升空间，这可能是一次天才之举。
fair for both sides...3 years is great for the org, Jalen has something to prove to make more money in the NBA...
对双方来说都很公平……3年对球队来说很棒，格林有东西要证明，以便在NBA赚更多的钱……
Good:
Keeps the total guaranteed money down, and limits downside risk of having a bad contract on the books out until 2031.
There's probably real but intangible benefit to team performance by getting a deal done and eliminating the risk of weird vibes this season
Bad
The PO sucks for the team. Really limits any upside that this is a "good" (rather than neutral) contract. Even if Jalen pops over the next couple years, he'll be expecting a ~$60M AAV extension in 2026 or he goes to unrestricted free agency.
TBD
We don't yet know all the details. The Rockets have a history of letting the player/agent win the press conference and disclosing incentives and payment structure later if they're team-friendly (see, FVV). Is some of this incentive-based, and is there front-loading, like the Vassell and Quickley contracts? We'll see.
保持了总保障金额的降低，并限制了持有一份糟糕合同直到2031年的下行风险。
通过达成协议消除了本赛季可能出现的奇怪氛围，对球队表现可能存在真正的但难以量化的好处。
不好的方面：
球员选项对球队来说很不利。如果真的是一个“好”合同（而不是中性的），这真的限制了球队的任何上行空间。即使格林在未来几年表现出色，他也会期待在2026年得到一份大约6000万美元的平均年薪的续约合同，否则他将进入不受限制的自由球员市场。
待定：
我们还不知道所有的细节。火箭队有让球员/经纪人在媒体上大获全胜，而后再根据球队友好性披露激励和支付结构的历史（参见FVV）。这份合同是否基于激励，是否有递减，就像瓦塞尔和奎克利的合同一样？我们拭目以待。
I like it… even though I was trending Green being the odd man out.
Not without its risk, but I prefer less money with the player option. Gives us more time to evaluate an inconsistent, with high upside player without overly committing
我喜欢这个决定……尽管我之前倾向于认为格林可能是被排除在外的人。
这个决定不是没有风险，但我更倾向于选择带有球员选项的较低薪水。这样给了我们更多的时间来评估一个表现不稳定但潜力很高的球员，而不会过度承诺。
I wonder if the security of his contract for the next couple of years is either going to either make him more confident and remove all nervous jitters like having the thought of a season ending injury derailing the value of his next contract or make him more complacent.
For many players having that burden removed often makes them better because they play with more confidence and security in their role.
But it also makes some players more complacent and ease off on the grind.
我想知道，未来几年合同的保障是否会让他更加自信，消除所有紧张不安，比如不再担心赛季结束的伤病会破坏他下一份合同的价值，或者让他变得更加自满。
对于许多球员来说，解除这种负担通常会使他们变得更好，因为他们在角色上打得更加自信和安全。但这也会让一些球员变得更加自满，放松了努力。
Green signs a deal that is fair to all parties. Even though Green could have held out for the super max for rookies, he left an out, where he could eventually exceed the money he leaves on the table in this deal.
格林签订了一份对所有方面都公平的合同。尽管格林本可以坚持要求新秀的超级顶薪，但他留下了一个出口，通过这个出口，他最终能够获得超过他在这份合同中放弃的薪水。
I am shocked at the way this is being received, this is the total opposite of what I would have expected. Anyway, I think this is a great deal, and I'm kind of surprised Jalen signed it. But this is a really good deal for the rockets.
我对得到这个消息感到震惊，这完全出乎我的意料。不管怎样，我认为这是一笔极好的交易，我有点惊讶格林会签署它。但这确实是火箭队的一笔非常好的交易。
Remember, the Rockets can pre-empt Jalen's opt out a year early by extending him in 2026 (if he agrees to it).
I've been a huge critic but Stone deserves props this time.
记住，如果格林同意，火箭队可以在2026年提前一年延长他的合同，从而阻止他选择跳出合同。
我一直是个严厉的批评者，但这次斯通值得表扬。
Overpay in money per year, made up by the flexibility of shorter years. I’m comfortable with the contract, however what people aren’t talking about is what this signals for how the team views Jalen, with only two years locked up and a potential unrestricted free agency where Jalen can leave for nothing, this deal was more about extending the shelf life of an asset rather than investing in a core part of the team long term.
In contrast, if what we are hearing about negotiations with Sengun are true, I’m guessing they are offering the same annual salary as Jalen except for the full 5 years, which shows the team IS committed to him as a core piece.
每年支付的金额可能偏高，但较短的合同年限提供了灵活性，弥补了这一点。我对这份合同感到满意。然而，人们没有讨论的是，这表明了球队对格林的看法：只有两年的锁定期，以及潜在的不受限制的自由球员身份，格林可以不留下任何东西就离开，这笔交易更多的是关于延长一个资产的保质期，而不是长期投资于球队核心部分。
相比之下，如果我们听到的关于与申京的谈判是真的，我猜测他们提供的年薪与格林相同，但为期完整的5年，这表明球队确实将他视为核心成员。
Very fair deal, I'm thankful Stone didn't just decide to max the dude. Honestly, this is a lot better than paying him the max if he decides to avg 25ppg this year on his pre-season efficiency.
I'm still hoping he keeps improving to become an all-star.
非常公平的交易，我很感激斯通没有决定直接给他顶薪。老实说，如果他今年以季前赛的效率场均得到25分，这份合同比给他顶薪要好得多。
我仍然希望他能继续进步，成为一名全明星球员。
Ime Udoka must have signed off on this deal. That tells me that, at a minimum, Udoka thinks that there is a reasonable chance that the flashes we saw last year are possibly sustainable.
This team lacks a proven franchise player. This deal gives us more time to figure out whether Green can be one.
乌度卡肯定对这笔签约点了头。这至少告诉我，他认为去年我们看到的格林那些闪光点有可能是可持续的。这支球队缺少一个经过验证的球队基石球员。这笔交易给了我们更多的时间来弄清楚格林是否能成为这样的球员。
Off the rip, I am disinclined to like this deal, because I don't think that the discount that was offered in per-year salary is commensurate with the risk in Jalen's profile if he doesn't take a substantial leap forward in terms of consistency. A max rookie extension is roughly 25% of the cap. This is going to start Green at around 21.6% of the cap. This is more than Tyler Herro's extension on a relative basis, and I do not think that Herro is some hugely positive trade asset at his current value. And again, Jalen would have to improve quite a bit just to get to Herro's level on a game-to-game basis.
From a longer term asset management perspective, I do wonder if there is a shift going on behind the scenes for both players and agents away from using unrestricted free agency as a way to maximize earnings, into trying to sign an extension as early as possible to lock in guarantees while still healthy.
We have seen consistently now that the NBA's salaries are so stupidly high compared to other sports, that getting the exact maximum is not absolutely essential. Derrick White, Dejounte Murray, Donovan Mitchell, Domantas Sabonis, Pasal Siakam, Lauri Markkanen, Jalen Brunson; lots of guys are clearly bypassing the stress of free agency and an uncertain future for the security of life-changing money, even when it seems obvious that they could get a lot more simply by waiting just one more season and start playing teams against each other.
Whereas LeBron's prime redefined player empowerment and using the threat of free agency to wield influence on the front office, it seems much more like the newest generation of stars wants to find fit and stability. It's a heck of a lot easier and less stressful to not be worrying about playing through injury for an entire year, and is the difference between $200M and $300M really worth it?
首先，我不太喜欢这笔交易，因为我认为每年薪水的折扣与格林如果在未来稳定性上没有显著提升的风险并不相称。新秀顶薪续约大约占工资帽的25%。这份合同将使格林的工资占工资帽的大约21.6%。这比泰勒希罗的续约合同相对比例要高，我不认为希罗在他目前的身价上是一个极具价值的交易资产。再说一次，格林需要有很大的提升才能达到希罗每场比赛的水平。
从长期资产管理的角度来看，我确实怀疑是否在幕后发生了转变，无论是对于球员还是经纪人，都从使用不受限制的自由球员身份作为最大化收入的方式，转变为尽可能早地签订续约合同，以锁定保障，同时仍然保持健康。
我们已经看到，NBA的薪水比其他运动高得离谱，获得确切的最大值并不是绝对必要的。德里克·怀特（Derrick White）、德章泰·穆雷（Dejounte Murray）、多诺万·米切尔（Donovan Mitchell）、多曼塔斯·萨博尼斯（Domantas Sabonis）、帕斯卡尔·西亚卡姆（Pascal Siakam）、劳里·马尔卡宁（Lauri Markkanen）、杰伦·布伦森（Jalen Brunson）；很多球员显然放弃了自由球员的压力和不确定的未来，选择了改变生活的金钱的安全感，即使看起来他们只要再等一个赛季，开始让球队相互竞争，就能得到更多的钱。
与勒布朗·詹姆斯（LeBron James）的巅峰时期重新定义了球员赋权和使用自由球员的威胁来对管理层施加影响不同，新一代的明星似乎更希望找到合适的位置和稳定性。不需要担心整个赛季带伤比赛要容易得多，也压力小得多，2亿美元和3亿美元之间的差距真的值得吗？
