If they buy him out we can't sign him (well we could but he has to agree to it). If they simply just waive him then we can claim him (if no one above us on the waiver list does so).
76ers releasing Bogut
- Thread starter jom2003
- Start date
If they buy him out we can't sign him (well we could but he has to agree to it). If they simply just waive him then we can claim him (if no one above us on the waiver list does so).
Coach Ellis
Well-Known Member
Why would a buyout avoid waivers? Doesn't every player who is cut hit waivers at this point? I thought that the buyout was just to save the current team cash and cap space in the process.
Because that's what a buy out is. They are buying you out of you contract.
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Coach Ellis
Well-Known Member
I don't think that's correct. I'm pretty sure that everyone who is cut, waived or "bought out" has to pass through waivers. The Jazz bought out Kendrick Perkins and he had to pass through waivers before he could sign with the Cavs.
A buyout is just an agreement between the player and the team that allows the player to hit the free agent market (via waivers) in exchange for the team getting some sort of monetary savings off the guaranteed contract. It doesn't automatically let players bypass the waiver system and hit unrestricted free agency. It just happens that waiver claims at this point in the season appear to be rare.
https://sports.yahoo.com/news/sources--cavaliers-emerge-as-frontrunners-to-sign-kendrick-perkins-161310057-nba.html
Coach Ellis
Well-Known Member
https://www.cbafaq.com/salarycap.htm#Q65
67. What is a contract buyout?
Sometimes players and teams decide to divorce each other. They do this by mutually agreeing that:
The team will waive the player
If the player clears waivers, the player's guaranteed salary will be reduced or eliminated (see question number 64)
67. What is a contract buyout?
Sometimes players and teams decide to divorce each other. They do this by mutually agreeing that:
The team will waive the player
If the player clears waivers, the player's guaranteed salary will be reduced or eliminated (see question number 64)
Coach Ellis
Well-Known Member
The Jazz have the cap space, and would save real dollars by claiming Bogut off waivers. IMO, they should do this if he is waived before Wednesday. I think that he's a good fit for the team identity and can give the Jazz more than either Mack or Withey down the stretch run.
Then what is the point of a buyout? I thought it was a player agreeing to be paid less to be bought out of their contract so they would be free to sign wherever.
Waiving guarantees you get equal value to your current contract or more, but you risk being picked up by a team you dont want to play for.
Waiving guarantees you get equal value to your current contract or more, but you risk being picked up by a team you dont want to play for.
Coach Ellis
Well-Known Member
It gives the player (who often is out of the rotation) a chance to get picked up by a team that wants them. The difference in guaranteed amount that they give up would likely be less than or equal to what they can get from a new team. . . with the opportunity to get quite a bit more or multiple years on the open market instead.
That's why agents discourage teams from making waiver claims. The benefit comes from making more money or having the opportunity to pick your team. Any team with cap space can circumvent that by making the waiver claim for the original contract. Jazz have that cap space and can easily get by without Shelvin Mack (or Jeff Withey) to grab Andrew Bogut if they want him and keep him off the market - and away from the Cavs, Celtics, Rockets, Warriors or Spurs.
That doesnt answer the question: Why would any player agree to a buyout if the process is the same as being cut/waived?
Ok, now that I've thought about it more:
I guess a buyout is when the players wants to leave, so the player is giving up some salary so he can hit waivers. Buyouts happen in the case of a player wanting to leave but FO not entirely wanting to let him go.
Cut/Waived happens when the teams wants the player gone but the players is either indifferent or doesnt want to leave.
I guess a buyout is when the players wants to leave, so the player is giving up some salary so he can hit waivers. Buyouts happen in the case of a player wanting to leave but FO not entirely wanting to let him go.
Cut/Waived happens when the teams wants the player gone but the players is either indifferent or doesnt want to leave.
Coach Ellis
Well-Known Member
That's a great take on it. Cut/Waived is the team moving on and paying the full price of their salary if they clear waivers, while a buyout has mutual benefits for both sides. . . potential freedom/more money/increased playing time/shot at a ring for the player - money saved by the team for cutting them loose.
