Matt Barnes broke the news himself today on twitter:
— Matt Barnes (@Matt_Barnes22) July 5, 2013
Barnes finally gets his payday. In truth, Barnes’ on court value last season was about $7 million, which is why he was touted as one of the best contracts in the league. The most recent reports of his new contract:
Matt Barnes deal w/ Clippers is 3 yrs, 11 million
— Ramona Shelburne (@ramonashelburne) July 5, 2013
Shelburne also previously reported that the third year is non-guaranteed. This would suggest that to re-sign Barnes, the Clippers used about $3.5 million of the Mid-Level Exception, which would leave approximately $1.5 million to sign another free agent on a contract that is not the minimum.