The Current Finacial Situation 9/25/10

[Lion's Roar]

Actually Elson, Watson and Ross would only count for $854.389 each because the NBA veterans that sign for the minimum only count as two year veterans against the cap and the NBA reimburses the team for that amount or for the difference between that number and thei actual salary (can't remember wich).

The Jazz could sign Diaw, Ross, Fesenko (QO), Elson, Watson, Ryan Thompson and Jeremy Evans and still be some 800K bellow the LT for this year with the max 15 players under contract. Salary numbers from Shamsports.

 

[Lion's Roar]

If I send you guys an image of a spreadsheet with the info can someone upload it on the site? Please give me your e-mail acount via the boards or on a PM. Thanks.

 

[Hitman]

Actually Elson, Watson and Ross would only count for $854.389 each because the NBA veterans that sign for the minimum only count as two year veterans against the cap and the NBA reimburses the team for that amount or for the difference between that number and thei actual salary (can't remember wich).

The NBA only reimburses minimum salaries in excess of the two-year vet minimum amount if they are one-year contracts. I believe Elson, Watson and Ross are all on multi-year contracts. Also, the NBA only reimburses the salary amount, the full salary still counts against the cap for LT purposes, and the team still has to pay the LT amount themselves.

 

[TheSilencer1313]

So for 6 years the Jazz pay out this huge max player salary, and when the most unique player in the league only has one year left on it, they should trade him????
And for Boris Diaw??? Lol

The Jazz going through with a trade like this would only show complete weakness, and complete lack of commitment by this franchise to winning a championship.

Boozer and Matthews were easy, we didn't care that they walked. There's many Boozer's and Matthews's in the league.
There's only one Kirilenko, and nobody in the league can bring the energy, passing, and playmaking that AK can at many positions.

Jefferson + Bell - AK = FAIL!

 

[C l u t c H 385]

There's only one Kirilenko, and nobody in the league can bring the energy, passing, and playmaking that AK can at many positions.

Did you recently awake from a 6 year coma?

 

[Lion's Roar]

The NBA only reimburses minimum salaries in excess of the two-year vet minimum amount if they are one-year contracts. I believe Elson, Watson and Ross are all on multi-year contracts. Also, the NBA only reimburses the salary amount, the full salary still counts against the cap for LT purposes, and the team still has to pay the LT amount themselves.

You're right about Quinton Ross. He signed a contract for more than one year with Dallas. Elson and Watson I'm assuming are under 1 year contracts altough nothing is being mentioned yet.

In regards to cap hit Section 3. Determination of Salary (f) of the CBA states that:

(f)
One-Year Minimum Contracts.
Except where otherwise stated in this Agreement, the Salary of every player who, after the date of this Agreement, signs a one-year, 10-Day or Rest-of-Season Contract for the Minimum Player Salary applicable to such player shall be the lesser of (1) such Minimum Player Salary, or (2) the portion of such Minimum Player Salary that is not reimbursed out of the League-wide benefits fund described in Article IV, Section 5(k)(2).

So I believe I was correct when I stated that they only count as a two year veteran as far as cap hit. And it makes sense cause the idea is to protect veterans.

 

[Lion's Roar]

 

[Lion's Roar]

Please notice how brilliant the Jazz slary structure looks next year. The Jazz would have to sign 5 2nd round or unsigned rookies next year to the minimum contract to be under the luxury tax line set for this year. And that would mean no Fesenko, no Price, no R. Thompson, no J. Evans, no Earl Watson, no F. Elson and no 1st round draft pick.

Of course additional trades could change this. But what trades are we talking about? Financial trades that's what.

 

[Twin Towers]

Umm, no it doesn't. Diaw has a player's option, just like Carlos Boozer did. He can gauge other team's interest without specifically discussing the terms of a contract. If that had truly been the case, Carlos and his agent would have been hauled before Stern's kangaroo court the moment after he made his visits to Chicago, Miami, etc. Instead, Carlos was able to shop around, see that nothing was available to his liking and then decide to opt back in.


In any case, while saving money this season, the Jazz would also have an expiring contract next season (Diaw's) that they could potentially trade for assets. And I assert that INCREASES their flexibility, not the other way around. If they simply let AK's contract expire, they're under the tax threshold, buit not far enough under the cap to offer $9M to a veteran. With Diaw's contract, they could trade for a player making that much money and still have the MLE available for another player. And saving $16-$20M THIS year (upper end IF they get under the tax cut-off) CERTAINLY puts more money in Miller's war chest that he could then "throw forward" into the team for 2010/11.

Yes. we have to consider Diaw's $9M next season. But there's also a good chance that contract is traded as an asset.

Best example is Richard Jefferson. He was going to get paid 15 Million this coming year but he opted out and signed a Mid Level Contract. 10% (Sirk) seems a little low when you look at what just happened this summer. Diaw could easily opt out. I am not saying he would just like nobody thought Jefferson would but its still possible. Way too many factors to be subtracting 9 Million fully from the trade. Too many variables.

 

[Qman]

The bottom line is that financial benefits to this trade aren't so clear cut. The player parts of it are not so great either. So unless we are getting draft picks trade doesn't add up to me.

 

[Twin Towers]

The bottom line is that financial benefits to this trade aren't so clear cut. The player parts of it are not so great either. So unless we are getting draft picks trade doesn't add up to me.

I think everyone can agree with that. Good Sig by the way

 

[Twin Towers]

Please notice how brilliant the Jazz slary structure looks next year. The Jazz would have to sign 5 2nd round or unsigned rookies next year to the minimum contract to be under the luxury tax line set for this year. And that would mean no Fesenko, no Price, no R. Thompson, no J. Evans, no Earl Watson, no F. Elson and no 1st round draft pick.

Of course additional trades could change this. But what trades are we talking about? Financial trades that's what.

That Okur extension just screws us over. I hated it when it happened hated in even more when he got hurt. And when I didn't think it was possible to hate it more....... This chart tops it off (even if Okur was healthy I would hate it).