Ginebra signs Mark Caguioa to contract extension


Posted at Nov 01 2016 11:45 PM

Mark Caguioa gets a contract extension with Ginebra worth P10.8 million. Photo courtesy of the PBA Media Bureau

Barangay Ginebra wants to keep the Spark flying for two more years.

Mark Caguioa has signed a two-year contract extension with the only team he's ever played for following their recent PBA Governors’ Cup title run.

The deal is worth P10.08 million, excluding bonuses, according to a report by the Philippine Star's Nelson Beltran.

Together with back-court mate Jay-Jay Helterbrand, Caguioa has been the face of the franchise in the post-Sonny Jaworski era.

The 2012 league MVP, who turns 37 this month, has settled for a reduced role in recent years, but has responded well when needed. 

Meanwhile, Alaska Milk swingman Dondon Hontiveros, 39, and San Miguel center Yancy De Ocampo, 36, each received deals worth P5.04 million.

Raymond Almazan has also secured a contract extension with Rain or Shine with a maximum pay of P420,000 per month. Teammate Jireh Ibanes will get another year with the Elasto Painters with a monthly pay of P250,000.

Willy Wilson signed a two-year contract with Phoenix. He will receive a monthly pay of P380,000 in the first year and P400,000 in the second.

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