hands11 wrote:montestewart wrote:miller31time wrote:Wait, so he'd have to wait until his Bucks contract is up for him to start collecting money? I thought the Bucks were the ones in the hole here and that any contract Gooden signed afterwards was gravy.
My understanding is that the Bucks are on the hook for his full contract, and can deduct the value of post-amnesty contracts from what they owe during the life of the amnestied contract. Isn't that why Blatche makes public staements about why he signs for the minimum, so he can stick it to the Wizards. (That's assuming, of course, that he could sign somewhere for more.)
I wonder what happens if you are amnestied and some team wants to offer you a max contract? Wake up, all you amnesty experts! This is important!
This has been posted a few times and I used to know the exact answer but its something like this.
You get amnestied and go on waivers and if a team pays you 2, 3, 4, etc right off waivers, that comes right off the contract that was amnestied.
If you clear waivers, you are an UFA. At that point all the money comes from the other team except their is a formula something like salary - (new contract vet min/2)
65. How do released players apply to team salary? What is set-off?
http://www.cbafaq.com/salarycap.htm#Q15
The amount the original team gets to set off is limited to one-half the difference between the player's new salary and the minimum salary for a one-year veteran (if the player is a rookie, then the rookie minimum is used instead).
So if Gooden signs for vet min..
So Gooden is (6,680,000 - ($1,448,490 - $1,448,490/2)) = 6,680,000
In this case MIL is on the hook for everything and he makes 8,128,490
If he made say 3M on the open market then
(6,680,000 - ($3,000,000 - $1,448,490/2)) = 5,904,225 ( would would save use $775,775 )
And Gooden would make 9,680,000
So he is leaving about 1.5M on the table and that says the Wizards 775, 775 but he is still making 8.1M next year and if things go well, he will get another contract after this one.
Hands -- no team has any incentive to give Gooden anything but a veteran minimum offer.
For one thing, the league pays part of a veteran minimum salary -- in other words, you don't even have to pay the whole thing!
For another, if you give him more you are essentially giving the team that waived him a bunch of money. That's called p#ssing in your own bowl of soup.
What I especially love about everyone being in a hurry to knight Sir Drew is that just a few years ago, when he didn't even show up when we got him in a trade, I'm sure all the same "everyone"s were damning his name!
Drew Gooden (like all NBA players) plays basketball to make money. It's his profession. Just like an attorney, a banker, or a baker he would like to make as much $$ as he can. Especially since he's near the end of his career, and unlike an attorney he ain't going to be making these big bucks when he's in his 40s and no longer in the league.