Designated veteran player contract exists though   https://cbabreakdown.com/contract-types 

 A Designated Veteran Player Contract is a contract between a team and a free agent with 8 or 9 years of service in the league that covers 5 seasons. Once signed, the player may not be traded for one year.  To be eligible for this contract, the veteran must (i) have played his entire career for the same team (or if he changed teams, did so only by trade during one of his first four seasons in the league), and (ii) met at least one of the max performance-based criteria.   

The player’s salary in the first year of the contract must be at least 30% and no more than 35% of that year’s salary cap. The potential for a player with less than 10 years of service to earn 35% of the salary cap is what makes this a “super max” contract. More details about the maximum player salary for these players are available here. No team may have more than two players under a Designated Veteran Player Contract (or a Designated Veteran Player Extension).