can someone pls explain the salary raise of Green's contract?

[bobopenguin]

as far as i know, he's current salary is $2,640,743, but next contract is gonna be $82,000,000 over 5 years.

i thought there's only certain % raise based on his previous contract, like 8%, 10%, 20% etc.
but this new contract of his is like 40times more than his current salary?

how does this work?

[WeGetRing2012]

Its not a raise. Its a completely new contract.

[Akrazotile]

[Droid101]

When your rookie scale contract expires, you can negotiate anywhere within the salary cap and maximum salary. He had a cheap contract. That's expiring. His agent negotiated him a really good new one.

The yearly raise part only pertains to new contracts. So... your contract expires and you sign a new 4 year deal, you can get the % per year raises each year for those 4 years.