coldfish wrote:+1. This was the rumor during the summer. Get paid now, pick a team later.
I think his handlers might be overestimating just how much leverage he has though. He is signed. Someone like Charlotte could take him as a marquis name. Teams that are good now won't have the salary to trade for him.
I agree, none of the teams he'd want to go to could make a move for him. The Lakers could possibly do it from his original destination list, but they're as big a train wreck as NY.
Edit add: I'm reading that Melo also has a 15% trade kicker and a no trade clause. He can veto anything and if he gets moved, his deal goes up to over $140M. His agent deserves some kind of award.
The trade bonus cannot allow his contract to exceed the maximum salary of the year he's traded, so I think it effectively does nothing for him now.
Interesting factoid, the Knicks would have to pay the bonus if they trade him not the team getting him [this is a change from the old CBA].
http://www.cbafaq.com/salarycap.htm#Q98 For contracts and extensions signed before the current CBA took effect, a trade bonus is paid by the team receiving the player. For contracts and extensions signed under the current CBA, a trade bonus is paid by the team trading away the player.
Option years are not counted when determining the remaining value of the contract, unless already exercised. ETOs are counted.
Incentive compensation is not counted when determining the remaining value of the contract -- just base compensation.
A trade bonus cannot cause a player's salary to exceed the maximum salary, based on his years of service, during the year of the trade (see question number 99 for more information on this).
The value of a trade bonus is pro-rated during the season. In the above example, if the player is traded halfway through the fifth season, then the trade bonus would be $75,000.
Minimum salary contracts can contain trade bonuses. The bonus doesn't vest until a trade occurs, so it is ignored for signing purposes.