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Tag: extension

Sacramento Kings’ De’Aaron Fox signing 5-year, $163M max extension

Sacramento Kings’ De’Aaron Fox signing 5-year, $163M max extension

Sports
Nov. 20 (UPI) -- Star point guard De'Aaron Fox has agreed to a five-year maximum extension with the Sacramento Kings. League sources told ESPN and The Athletic on Friday that Fox's multiyear extension is worth at least $ 163 million. According to the outlets, the deal contains escalators that would allow him to reach the $ 195.6 million super max if he makes an All-NBA team and the league's salary cap climbs above $ 112 million. Advertisement The 22-year-old Fox will receive a total of $ 170 million in the deal for being named to the All-NBA Third Team, $ 183 million for a second-team selection and $ 196 million for a first-team selection. Fox, the No. 5 overall pick in the 2017 NBA Draft out of Kentucky, averaged a career-best 21.1 points to go with 6.8 assists and 3.8 rebounds per game ...
Washington Nationals, manager Dave Martinez agree to extension

Washington Nationals, manager Dave Martinez agree to extension

Sports
Sept. 25 (UPI) -- The Washington Nationals and manager Dave Martinez have reached an agreement on a multiyear contract extension. League sources told ESPN and USA Today Sports on Friday that Martinez agreed to a three-year extension worth about $ 7.5 million. The team has yet to confirm the agreement. Advertisement Martinez had an option on his contract for the 2021 season, but the new deal will replace that and keep him with the Nationals organization through the 2023 season. Nationals general manager Mike Rizzo -- who signed a new contract earlier this season -- previously said that re-signing Martinez was a priority for the club. "That's priority one is to get Davey taken care of," Rizzo told reporters earlier this month. "My plan is, and my preference is, to not pick up the option and...
Coronavirus: Ministers eye extension of insolvency measures

Coronavirus: Ministers eye extension of insolvency measures

Business
Ministers are in talks to extend a moratorium aimed at preventing a deluge of company insolvencies amid fears that renewed trading restrictions will tip thousands of businesses beyond the brink of collapse.Sky News has learnt that officials are discussing an extension of the ban on statutory demands being used as the basis for winding-up petitions, which has been in place since late April. The move is expected to be finalised within a matter of days, given that the moratorium expires at the end of the month.Sources said this weekend that an extension was not yet guaranteed but was "overwhelmingly likely".The measure was one of several included in the government's Corporate Insolvency and Governance Act, which became law in June. ...
Northrop’s ‘life extension’ spacecraft heads to the rescue

Northrop’s ‘life extension’ spacecraft heads to the rescue

Science
Sept. 11 (UPI) -- A second spacecraft designed by Northrop Grumman to extend the life of satellites in orbit is headed toward a rescue some 22,200 miles above Earth. The spacecraft is part of Northrop's new in-orbit services. Analysts and observers predict such services will grow into a multibillion-dollar market over the next 10 years. Advertisement Northrop is the first commercial service to enable private space companies to extend the life of large, expensive satellites past their life expectancy as designed. "Satellite operators have few options when a satellite is aging, and they are all expensive [options]," said Joe Anderson, a vice president with Northrop subsidiary SpaceLogistics based in Dulles, Va. The company's rescue satellite, Mission Extension Vehicle-2, or MEV-2, was laun...
Quarantine extension ‘another devastating blow’ to travel industry

Quarantine extension ‘another devastating blow’ to travel industry

Business
Extending quarantine to a further six nations, including France, is "another devastating blow" to the travel industry already reeling from the COVID-19 pandemic, it has been warned.The decision to impose restrictions on one of the biggest destinations for holidaymakers at the height of summer, having already been done to Spain, will lead to job losses unless urgent targeted support is provided by the government, according to the trade. Shares in airlines easyJet, British Airways and Ryanair to as well as the travel giant TUI were down on Friday. ...