Rip Hamiltons Contract

[princeofpalace]

We have all read on REALGM that Rips final year is partially guaranteed for 9 million but Langlois says

While Stojakovic’s contract is expiring, Hamilton has one more fully guaranteed year and about 25 percent of his 2012-13 is guaranteed.

If this is true then Rip is only guaranteed 3 million in his final year. Is Langlois wrong again or is shamsports?

[Liqourish]

Sham has been wrong before. But no one wants to say anyting because he posts here. Langlois is the mouthpiece for the Pistons, I trust his word on contracts.

[mercury]

In other words his contract is NOT a bad deal... contrary it's an excellent bargaining tool in one year.
I hope this puts to rest "we have to dump his horrible contract"

[thesack12]

If KL is right on this one, Rip all of the sudden becomes immensely more valuable. If KL's take is the correct one, it could also explain why no big trade has occurred yet.

This new revelation, if true, makes me want to hold on to Rip. I was one of the select few who wasn't overly antsy to move him anyways.

If that contract language is correct, not only does it inject a serious shot of value into Rip but it also gives Dumars/Detroit some major chips to play with in the near future. Dumars could decide to trade either Rip or Tay for good assets and still get have cap flexibility either next summer or in 2012.

Please, Please let this be true.

Lets all hope KL's speak is the lay of the law, for once.

[swedisheagle74]

he is still owed 27+ million... But by the deadline it will be under 18 or 19....

[RTM]

That's great news, if true. It really ups his value.

[Cowology]

Honestly... I don't even care about value. I just want him gone. Good thing I'm not the GM I guess.

[Cmurda$maka]

Yea I'm almost positive that the final year of his contract is only partially guaranteed at 3 million $$. I can tell you that I'm 100% positive it's not 9 million. It's nice, it almost makes him an expiring contract at the end of the year.

[Warspite]

The 9 mil figure never made any sense IMHO. The 3 mil buy out sounds more in line with what NBA contracts are but lets be honest the Pistons would never buy him out of that last yr.

[ComboGuardCity]

The 9 mil figure never made any sense IMHO. The 3 mil buy out sounds more in line with what NBA contracts are but lets be honest the Pistons would never buy him out of that last yr.

Someone else would if they traded him 2011-2012

[swedisheagle74]

so he is only owed $28,462,500... That is a good deal 28.5 million is nothing compared to what we have seen this summer!

[aad]

So his deal is not bad after all

[Three34]

Sham has been wrong before. But no one wants to say anyting because he posts here. Langlois is the mouthpiece for the Pistons, I trust his word on contracts.

Hi there.

It's often the case that fans default to trusting beat writers regarding salary information. It's always the way. I often get "_______ said the contract is like this, and I'm sure he knows more than that English guy." It's fine, I get why it happens. And I'm not here to browbeat anyone into changing their opinion.

All I can tell you is that I didn't make that up. I have obtained that from an official of a source as their can be. If Mr Langlois heard differently from a man in the know, then either the man in the know, or Mr Langlois himself, misinterpreted. The contract is not 25% guaranteed; the contract is all BUT 25% guaranteed. The former situation is obviously preferable to the Pistons, but the latter is how it is.

Now I'm not going to force you to believe me, nor am I going to guarantee 100% accuracy at all times. As much as I'd like to do the latter, I too am ultimately trusting the accuracy of other people, namely the people who write the official reports from which that is listed. There will always exist that possibility for me, just as it does for Mr Langlois. But I will tell you this; the next time they're wrong will be the first.

Can the same ever be said for a beat writer?

It's probably not his fault, but what he's saying is a direct contradiction to what the league says. I'm backing the league.

[princeofpalace]

I PMed Sham and he is saying that all but 25% of Rips final year is guaranteed but I suggest we all bombard Keith Langlois mailbag with questions about Rips contract so that he can get it right

Edit: Did not read Shams post before mine but thanks for your help Sham.

[Three34]

The 9 mil figure never made any sense IMHO. The 3 mil buy out sounds more in line with what NBA contracts are but lets be honest the Pistons would never buy him out of that last yr.

Actually, it happens a lot. Amir Johnson's final year is $5 million of $7 million guaranteed. Eduardo Najera's contract this year was $2,750,000 of $3,000,000 guaranteed for no obvious reason. I don't know why it happens, but it happens.

The advantage to Rip's salary being $9 million guaranteed is that a team can trade for him before the start of that season (the contract becomes guaranteed if not waived on or before July 1st), waive him before the guarantee date, and save a few million on the salary of the player/s that they were sending back. It is not a huge advantage, but it is a faint possibility. The $3 million figure would be way more advantageous, but it also just doesn't seem correct.

[2tough]

Honestly... I don't even care about value. I just want him gone. Good thing I'm not the GM I guess.

Yeah, I hear ya man.

[vege]

Now I'm not going to force you to believe me, nor am I going to guarantee 100% accuracy at all times. As much as I'd like to do the latter, I too am ultimately trusting the accuracy of other people, namely the people who write the official reports from which that is listed. There will always exist that possibility for me, just as it does for Mr Langlois. But I will tell you this; the next time they're wrong will be the first.

I remember Jameer Nelson's salary being wrong there after his extension but yes your website is very reliable and hands down the best i could find with players salary information.

So, thanks for keeping it up and keeping it updated but i really really hope you are wrong this time, oh well at least Pistons fans can dream right?

[Warspite]

The 9 mil figure never made any sense IMHO. The 3 mil buy out sounds more in line with what NBA contracts are but lets be honest the Pistons would never buy him out of that last yr.

Actually, it happens a lot. Amir Johnson's final year is $5 million of $7 million guaranteed. Eduardo Najera's contract this year was $2,750,000 of $3,000,000 guaranteed for no obvious reason. I don't know why it happens, but it happens.

The advantage to Rip's salary being $9 million guaranteed is that a team can trade for him before the start of that season (the contract becomes guaranteed if not waived on or before July 1st), waive him before the guarantee date, and save a few million on the salary of the player/s that they were sending back. It is not a huge advantage, but it is a faint possibility. The $3 million figure would be way more advantageous, but it also just doesn't seem correct.

As an employer who has written contracts with buyout clauses and an employee who has had them I cant think of any time in which more than 50% is done. Surely the NBA GMs are some of the worst negetioators in the business world but flys in the face of common sense. Especialy with a contract like Amir Johnsons. When you would have to pay 1.3 mil to replace him why have a buyout that doesnt save any money??

I can only think of 2 reasons for these buyouts. 1. They are for Lux tax savings instead fo talent and 2. They are accounting loopholes taht are used for none Basketball related reasons. It looks good for the bookkeepers and the loan officers but in the end its nothing more than a gimmick.

[Three34]

I remember Jameer Nelson's salary being wrong there after his extension

No, it never was wrong. Contracts are not static exhibits. They change, a lot. Jameer's is one of the most changing ones out there, because of performance incentives. When it was signed, it was set to pay $7.6 mil annually. Then he met some incentives and it went up to $7.7 mil. Then he met some more (including a $500,000 all star bonus) and it went to $8.1. Then this summer, when he wasn't an all-star, he lost some money and it went back down to $7.8 million. Many contracts have performance incentives, and that's why many contracts change. Details that do are all listed there for you.

As an employer who has written contracts with buyout clauses and an employee who has had them I cant think of any time in which more than 50% is done. Surely the NBA GMs are some of the worst negetioators in the business world but flys in the face of common sense. Especialy with a contract like Amir Johnsons. When you would have to pay 1.3 mil to replace him why have a buyout that doesnt save any money??

Quite. But that doesn't change the fact that it does happen.

[colors]

FWIW the first time I read about 9M of Rip's last year being guaranteed wasn't on shamsports but in some Salt Lake's newspaper. Read it several times since then. Just saying, this isn't just Sham giving this info. On the other hand, what Langlois is saying, that only 25% is guaranteed, I have never heard it before.

Anyway thanks Sham for the work you do man, there's no question we all constantly use your site and would badly miss it if it was gone.