The yearly NBA deadline for extending rookie contracts is October 31st, but since Halloween falls on a saturday, the next possible business day is Monday, November 2nd.
Only a couple rookie’s from the 2006 NBA Draft class have already signed contract extensions, Lemarcus Aldridge and Brandon Roy from Portland, and Andrea Bargnani of Toronto to name a few.
The most taked about player from this years group is Boston Celtics guard Rajon Rondo, who will sit down with Celtics management and his agent for the final time on Sunday.
With a weak economy, and not many teams with significant money to spend, these players must sign now. Rajon Rondo will get more money now than if he waits until the summer of 2010, when teams have no money after buying the top tier talent.
If players do not sign by Monday, they will become restricted free agents at the end of the year, and their current clubs will have to match an opposing offer to retain the player.