For the first time in his career, Damian Lillard has been named to the All-NBA second team. He was previously selected to the All-NBA third team in 2013-14. Per the Portland Trail Blazers' press release:
Portland Trail Blazers guard Damian Lillard was named to the All-NBA Second Team, it was announced today by the league.
Because of this selection, Lillard triggers the Derrick Rose rule, meaning that his 5-year max contract extension is based on 27.5 percent of the Blazers’ share of the Basketball Related Income (BRI) for the 2016-17 season instead of 25 percent. In most cases, the standard Rose rule stipulates 30 percent, but previous reports suggest that the Blazers worked out a lower number with Lillard. The resulting figure will then be multiplied by 107.5 percent each season to calculate his new salary. Those raises are not compounded, but rather calculated as new salary for each season.
In order to qualify for the Rose rule, a player must start in two all-star games, be selected to two All-NBA teams, or win MVP within his first four seasons. Based on projections, Lillard will now make a total of roughly $12 million more over the course of the next five seasons.
2016-17: $21,579,000 (Non-Rose)
2016-17: $23,736,900 (Rose)
2017-18: $23,197,425 (Non-Rose)
2017-18: $25,517,168 (Rose)
2018-19: $24,815,850 (Non-Rose)
2018-19: $27,297,435 (Rose)
2019-20: $26,434,275 (Non-Rose)
2019-20: $29,077,703 (Rose)
2020-21: $28,052,700 (Non-Rose)
2020-21: $30,857,971 (Rose)
Total: $124,079,250 (Non-Rose)
Total: $136,487,177 (Rose)
The All-NBA selection is a fantastic achievement for Lillard, but reduces the Blazers’ financial flexibility. From a personal standpoint, it’s time to celebrate; from a business standpoint, this will require a little more number crunching for the team to sign/re-sign players in the offseasons to come.