Restructure Salary?

ca1 · Post #1 » by **ca1** » Mon May 20, 2013 2:24 pm

Question, although extremely unlikely, is it possible for players such as Melo, Amare, Chandler to restructure their contracts to take less money to free up salary cap space? For example if they each take a 5m salary cut (like Lebron, Wade, Bosh) that would free up 15m which could be used to sign a player via free agency (Chris Paul) is that legal under the CBA?

Post #2 » by **GONYK** » Mon May 20, 2013 2:26 pm

Post #3 » by **moocow007** » Mon May 20, 2013 2:31 pm

No they cant pull what the Mets pulled with Bobby Bonilla

Lord Commander · Post #4 » by **Lord Commander** » Mon May 20, 2013 2:34 pm

How could you all let this go unpunished?

You there, Ballboy, STFU and GTFO.

ca1 · Post #5 » by **ca1** » Mon May 20, 2013 2:45 pm

well didnt Dirk say he was willing to take a paycut so the Mavericks could make a run at Dwight/Paul?

KnickLeDime · Post #6 » by **KnickLeDime** » Mon May 20, 2013 2:46 pm

ca1 wrote:well didnt Dirk say he was willing to take a paycut so the Mavericks could make a run at Dwight/Paul?

He has an opt out clause...he'll opt out and resign for less...can't do what the OP is suggesting to an under contract player.

makeitstop · Post #7 » by **makeitstop** » Mon May 20, 2013 2:48 pm

ca1 wrote:well didnt Dirk say he was willing to take a paycut so the Mavericks could make a run at Dwight/Paul?

His deal is expiring, so he can take less on a new deal. If he wasn't expiring, he couldn't change the terms of an existing contract.

ca1 · Post #8 » by **ca1** » Mon May 20, 2013 2:49 pm

Alright thanks

I_Love_NYK · Post #9 » by **I_Love_NYK** » Mon May 20, 2013 2:52 pm

Nope, this is not the NFL.

NBA and MLB guaranteed money is guaranteed money. No Way Out.

Dr. Detfink · Post #10 » by **Dr. Detfink** » Mon May 20, 2013 3:00 pm

The player's Union would have a fit.

Post #11 » by **moocow007** » Mon May 20, 2013 3:00 pm

ca1 wrote:well didnt Dirk say he was willing to take a paycut so the Mavericks could make a run at Dwight/Paul?

The answer technically is 'yes' (just not for the Knicks).

There are several things that would have to be in place for a player to renegotiate a contract "downwards", some that are beyond his or the teams control.

1. Players has to be willing to.
2. The contract to be renegotiated has to be at last 4 years long and cannot be renegotiated until after the 3rd year of that contract.
3. Contracts cannot be renegotiated if teams are over the cap.
4. Contracts that are re-negotiations without being extended can only result in an increase in salary.
5. Contracts that are re-negotiated AND extended can reduce the salary of the 1st year of the contract extension by 40% from the salary of last season before extension.

So what Nowitzki is talking about is to sign a contract extension with the Mavericks as part of a renegotiation of his contract where he'll get a new contract that starts at at least 60% of the last year of his old contract. So Nowitzki can theoretically help add roughly $21 million x 0.60 worth of cap space (around a additional $8.5 million or so of capspace) to the Mavericks by essentially extending his contract.

The Knicks are over the cap (see 3). So even if Anthony or Stoudemire (Chandler can't even agree to is since he's only been under contract 2 years...see 1), they can't. Even if condition 3 wasn't there, and all 3 guys agreed to one (assuming even condition 1 wasn't there), they still wouldn't be under the cap enough to land anybody really big.

I_Love_NYK · Post #12 » by **I_Love_NYK** » Mon May 20, 2013 3:26 pm

There is no way Amare' will restructure his contract, same as Chandler.

Post #13 » by **moocow007** » Mon May 20, 2013 3:30 pm

I_Love_NYK wrote:There is no way Amare' will restructure his contract, same as Chandler.

For Stoudemire, certainly not this year as a 60% redo would lose him money while extending years of servitude. Chandler can't even if he wanted to since he's only been under contract 2 years. Stoudemire MIGHT be more receptive after next season since there would be a somewhat overall gain salary wise in a max renegotiation/extension for 60% of next years salary.

I_Love_NYK · Post #14 » by **I_Love_NYK** » Mon May 20, 2013 3:50 pm

Knicks are stuck with Amare' just like Yankees are stuck with A-Rod.

rdogg1026 · Post #15 » by **rdogg1026** » Mon May 20, 2013 3:54 pm

I'm sure Amare can retire, sit out for a season and come back for cheap but he won't do that.

TheBigBoss · Post #16 » by **TheBigBoss** » Mon May 20, 2013 3:57 pm

KnickLeDime wrote:
ca1 wrote:well didnt Dirk say he was willing to take a paycut so the Mavericks could make a run at Dwight/Paul?

He has an opt out clause...he'll opt out and resign for less...can't do what the OP is suggesting to an under contract player.

He could also opt out and sign with the Knicks for the vet minimum. Problem solved for everyone..... except the Mavs.