The Designated Player Exception permits a team to sign a player on their second contract to a maximum deal above the typical rate for their service time, but with a couple caveats. The player must earn an All-NBA selection the previous season, and the player has to have been drafted by his team or acquired by trade while on his rookie contract. The arrangement is part of the NBA's new collective bargaining agreement.
An All-NBA selection would make George eligible for a contract extension worth upward of $200 million, which is around $70 million more than he otherwise could receive, with the exact numbers depending on the NBA salary cap. Designated Player Extensions are worth up to 35% of the cap, which is
reportedly set to jump to around $101 million next season from this year’s $94.1 million mark. Whether or not the voters place George on an All-NBA team could cost him the opportunity for an even greater payday.