HartfordWhalers wrote:FNQ wrote:Dr Positivity wrote:Bosh for nomination as he will cost over 20 million total in real money even if the Heat clear him
I dont understand this.. he's essentially going to be cleared from the books in February. So in February, there's an out clause. Now he's not valuable for trading purposes, because that would essentially reset his insurance clock. But I thought the purpose is to establish trade value in contracts? Feels like Bosh is more of a technicality not in the spirit of what this is about
Until he is cleared from the books, he isn't. And I'm not sure how clean cut that can be expected to be with Bosh opposed to being retired.
But ignoring the complications about Bosh going back onto the books, Bosh (and Pek) are weird in that their cost to their own team is a lot less than their cost to another team. Bosh to another team would be the worst contract in the league.
So, for me I'm thinking about what would Miami/Minn trade Bosh/Pek for and be okay with. Maybe it isn't Deng bad, but would you rather pay Bosh 10m a year and risk having him come back on your books at his full salary, or have Parsons on your cap? I would take Parsons easy there for Miami. If Miami could be out of Bosh's entire contract, the monetary cost and the financial risk in return for having Andrew Nicholson's underperforming deal, would they? I think they would. So, Bosh's deal is worse than Nicholson's.
If the NBA's life and death panel kills the risk of Bosh's cap re-hitting, his contract will look much better. But that only happens if Bosh asks them to review it, and if they find in that manner.
Can you clarify whether Bosh getting traded would reset any kind of insurance clock, or change anything other than the new team picking up the Heat's current obligation. Here is the retirement section in NBA CBA Faq
63. What are the rules for retired players? What if the player suffers a career-ending injury?
There's nothing binding about a player announcing his retirement. The player can still sign a new contract and continue playing (if he's not under contract), or return to his team (if he is still under contract) and resume his career.
The only exception to this is when a player is still under contract, wants to quit, and his team doesn't want to let him out of his contract. Under these circumstances the player can file for retirement with the league. The player is placed on the league's Voluntarily Retired list (see question number 79), forgoes his remaining salary, and cannot return to the league for one year. The latter requirement prevents players from using retirement as an underhanded way to change teams, and can be overridden with unanimous approval from all 30 teams. For example, guard Jason Williams signed with the LA Clippers in August 2008, then changed his mind the following month, announcing his retirement. He applied for reinstatement in early 2009, but his request was denied by a vote of 24-6. Williams later signed with the Orlando Magic once the one-year anniversary of his retirement announcement had passed.
Any money paid to a player is included in team salary, even if the player is no longer playing or has retired.
There is one exception whereby a player can continue to receive his salary, but the salary is excluded from team salary. This is when a player suffers a career-ending injury or illness. The team must waive the player, and can apply for this salary exclusion following a waiting period. Only the player's team at the time the injury or illness was discovered (or reasonably should have been discovered) can apply for this salary exclusion.
The waiting period depends on the number games in which the player played in the season:1
If the player played 10 or more games in a season, the team can apply on the one-year anniversary of the player's last game.
If the player played fewer than 10 in a season, the team can apply 60 days after his last game, or the one-year anniversary of his last game in the previous season, whichever is later.
The determination as to whether an injury or illness is career ending is made by a physician jointly selected by the league and players association. The determination is based on whether the injury or illness will prevent the player from playing for the remainder of his career, or if it is severe enough that continuing to play constitutes a medically unacceptable risk.
If the injury exclusion is granted, the player's salary is removed from the team salary immediately.
If the player later "proves the doctors wrong" and resumes his career, then his salary is returned to the team salary when he plays in his 25th game1 in any one season, for any team. This allows a player to attempt to resume his career without affecting his previous team unless his comeback is ultimately successful. If the 25th game was a playoff game, then the player's salary is returned to the cap effective on the date of the team's last regular season game (i.e., the returned salary counts toward the luxury tax).
There are a few additional nuances to the salary exclusion:
If the player resumes his career and his salary is returned to the team salary, the team can re-apply for the salary exclusion under the same rules (including the rules for the waiting period).
If a player retires, even for medical reasons, his team does not receive a salary cap exception to acquire a replacement player.
A team cannot apply for this salary exclusion if they have applied for a Disabled Player exception (see question number 25) that season, whether the exception was granted or not.
If this salary exclusion is granted, the team cannot re-sign or re-acquire the player at any time.
This salary exclusion can be used when a player dies while under contract.
1 They count only regular season and playoff games, and do not count preseason games. This was not specified prior to the 2011 CBA. During the 2008-09 season Darius Miles (whose salary was excluded from Portland's cap) played in 10 games for Boston and Memphis (the limit was 10 games at the time), which included preseason games. The league counted the preseason games toward the total, and returned Miles' salary to Portland's cap.
They don't really talk about trades. Here is the insurance section
There is a league-wide policy that insures the contracts of around 150 players each season. Each team submits at least five players for coverage from their five most expensive contracts based on total remaining salary (with two or more years remaining) and their five most expensive contracts based on current season salary. Teams also have the option of submitting additional names for coverage. The carrier has the right to exclude 14 contracts per season, such as when they consider a player with a very large remaining contract to be a medical risk. For example they excluded Luol Deng in 2008-09 because he had $71 million remaining and a history of back injuries. The list of excluded players changes each year, so a player who is not covered one season might be covered the following season. However, once a player is covered the carrier can't exclude the player for the remainder of his current contract.
If an insured player is disabled, there is a 41 game waiting period, after which the insurance company pays 80% of the guaranteed portion of the player's remaining base salary, up to $175,000 per regular season game. The waiting period can span seasons, and the player even can attempt to come back -- if he does and finds that he is unable to play, the 41-game count resumes (as long as he stopped playing due to the same injury).
If the player is traded, his new team receives the benefit -- for example, even though Cuttino Mobley's heart condition was discovered prior to his trade to the Knicks, the Knicks received the insurance payout.
So that's one example of insurance carrying over to a new team if he gets traded, does that apply throughout?
