Former Indiana Hoosier Yogi Ferrell receives celebratory news from the Sacramento Kings on July 4, 2019. The second-half of his two-year contract becomes guaranteed given that he has been kept by the Sacramento Kings, and remains on their roster. Earlier in the day, the Kings announced that they had waived Frank Mason III, which was a bit of a telling sign.
As a refresher, Yogi Ferrell’s contract was a $6.2 million agreement. The first year of the contract (last season) was a guaranteed $3.0 million. If Yogi Ferrell was not waived by July 4, 2019, the back half of his contract would also be guaranteed, worth $3,150,000 to be precise.
Yogi Ferrell now solidly remains on the top 10 highest paid Hoosiers (among active players) in the 2019-2020 season.
When Yogi Ferrell first declined a $5.3 million contract last season with the Dallas Mavericks, many questioned his decision – largely because Dallas was a franchise will to take a chance on Yogi, offering him a 10-day contract that would eventually lead to “Yogimania.”
Yogi Ferrell’s agent later revealed that they felt “uncomfortable” with the contract with the Dallas Mavericks. As a result, he elected to sign with the Sacramento Kings with the two-year agreement mentioned above.
Yogi took a bet on himself for potentially less guaranteed money, and he was rewarded.
