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Yao Ming signs $75m contract with Rockets
(AP)
Updated: 2005-09-01 08:41
HOUSTON (AP) - Amid reports that Yao Ming has agreed to terms of a five-year
contract extension worth more than $75 million, the Houston Rockets said they
would conduct a conference call on Thursday.
 The team said on Wednesday that Yao and Rockets owner Leslie
Alexander would participate in the call.
The deal that will keep the 2.29-meter 7-foot-6 center with the Rockets
through the 2010-11 NBA season was first reported by Houston television station
KRIV.
Rockets general manager Carroll Dawson would not confirm the agreement when
reached by The Associated Press.
Yao, a native of Shanghai, is in China working with the Chinese national
team.
Yao, the first pick in the 2002 draft, will be paid the maximum allowed under
the NBA's new collective bargaining agreement, according to the reports. The
contract will be 25 percent of the salary cap, meaning the first year will be
worth an estimated $12.5 million (euro10 million).
Yao averaged 18.3 points and 8.4 rebounds and two blocks last season. He has
averaged 16.4 points and 8.5 rebounds in his three-year career.
The three-time NBA All-Star has one year remaining on his rookie contract,
which will pay him more than $5.5 million (euro.4 million) next season.
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