“The four-year, $32 million agreement between the Orlando Magic and power forward Channing Frye will become more friendly to the team’s payroll figure as Frye’s tenure progresses.
According to an industry source with knowledge of the agreement, the Magic and Frye have structured the deal in such a way that Frye’s annual salary will be at its highest during the 2014-15 season but will decrease by 4.5 percent each season after that.”
The Magic are expected to announce they have signed Channing Frye on Thursday or Friday. Reports have his contract at four-years, $32 million. What the decreasing salary means is that his contract will be front-loaded with his highest salary coming this upcoming season. He will be paid an estimated $8.6 million this season.