In the lead-up to the new season's early renewal deadline, the Rockets have offered two young players in their squad contracts worth hundreds of millions of yuan. The contract amounts are approximately 33 million yuan per year for Green and 36 million yuan per year for Shen Jing, with Green's contract lasting for 3 years and Shen Jing's for 5.
It is understandable that the Rockets' strategy was to retain these two young players, who were selected by the team. Last season, Green did show some impressive performances at certain stages, but he still lacked consistency. However, in order to successfully keep this second overall pick, the team provided him with a player option for the final year. This is probably an acceptable outcome for both parties.
As the flames of the new NBA season are about to ignite, the Rockets have completed a last-minute signing: the team has successfully renewed the contracts of two promising young stars - Jalen Green and Shen Jing.
Jalen Green, the second overall pick from 2021, has been regarded as a core player to be cultivated for the future since being selected by the Rockets. The Rockets have signed a three-year, $106 million early renewal contract with Green, with the third year being a player option.
Unlike many high draft picks from the same year who signed five-year long-term contracts, Green's choice appears particularly wise. This not only provides him with short-term financial security but also leaves ample room for his future career development.
Green demonstrated remarkable scoring ability last season, especially during the Rockets' 11-game winning streak, averaging 30.2 points with shooting percentages and three-point percentages reaching the level of a backcourt core. This contract is undoubtedly recognition of his past efforts and provides flexibility for his future development.
As for Shen Jing's renewal, it was somewhat expected. The Rockets have taken a pill of reassurance, further solidifying their frontline strength. As the 16th pick in 2021, Shen Jing has quickly grown into the team's frontline core within just a few seasons.
He has reached a five-year, $185 million early renewal contract with the Rockets, with the final year also being a player option. Shen Jing performed outstandingly in last season's regular season, averaging 21.1 points, 9.3 rebounds, 5 assists, and 1.2 steals, with a shooting percentage as high as 53.7%. Although he still needs improvement on defense, his comprehensive performance on offense has already shown fans his immense potential.
It must be said that the Rockets have shown considerable operational wisdom in these two renewals. For Green, the team has provided a relatively flexible short-term contract, which not only reduces the team's future risks but also provides sufficient growth space for Green. If Green can continue to explode, he can completely opt out of his contract in two years to pursue a bigger one.
For Shen Jing, the Rockets have provided a long-term stable contract, allowing him to serve the team with peace of mind during the prime of his career. This not only ensures Shen Jing's financial security but also gives him more psychological security.
The Rockets' successful renewal of Green and Shen Jing not only stabilizes the team's strength but also provides more possibilities for the team's future. These two young players possess extremely high talent and potential, and their growth and progress will directly affect the Rockets' competitiveness in the future.