Question re: qualifying offers/renouncing players

StopitLeo · Post #1 » by **StopitLeo** » Fri Jul 10, 2009 6:48 pm

A very small and insignificant question but I'm hoping to get an answer out of curiousity.

Something peculiar that came up in a Colangelo interview when he was talking about the big 4-way deal. He said that he had rescinded the qualifying offers he extended to RFAs Carlos Delfino and Pops Mensah-Bonsu because he "needed to be able to renounce everybody right away when it was time to pull the trigger on the deal". So the situation is now that Delfino is no longer an RFA since his qualifying offer was pulled although Toronto maintains his Bird rights.

Why would Colangelo need to pull back the QO in preparation of renouncing players? Would renouncing them not automatically do that? Is this just a procedural thing with the league?

Grizzled · Post #2 » by **Grizzled** » Fri Jul 10, 2009 7:52 pm

Thanks for doing this. Hopefully someone can answer it for us.

Dunkenstein · Post #3 » by **Dunkenstein** » Fri Jul 10, 2009 8:33 pm

I believe Colangelo said that when he thought he was going to have to sign Turkoglu with cap room. This was no longer necessary when he was able to work a S&T for Turk. While he did renounce the QO on Pops, the QO to Delfino remains and he is still restricted.

And yes it is a procedural requirement that QOs be rescinded for a team to renounce a player, though I believe they can be done simultaneously if needed.

FGump · Post #4 » by **FGump** » Sat Jul 11, 2009 12:01 am

raptorfan1105 wrote:Why would Colangelo need to pull back the QO in preparation of renouncing players? Would renouncing them not automatically do that? Is this just a procedural thing with the league?

The "why" had to do with guaranteeing they had enough cap room for Turkoglu.

Once they reached agreement on a contract number, it could have been fouled up if Pops accepted his QO, which he had the right to do at any time ...and it's unlikely he'll get a better offer elsewhere. By yanking the QO, they eliminated the opportunity for Pops or his agent to grab that cap space.

Afterwards, when it became a SNT, cap space was no longer an issue so they didn't have to also renounce their rights on their own free agent players which they would have done at the same time as they submitted Hedo's deal. But pulling the QO was a preemptive defensive move until the SNT was added to the Marion deal at the last minute.

They can now still sign Pops to the same number as the QO if they want to, but there's now no RFA status and he has no QO to pluck if he feels like it.

StopitLeo · Post #5 » by **StopitLeo** » Sat Jul 11, 2009 12:33 am

FGump wrote:The "why" had to do with guaranteeing they had enough cap room for Turkoglu.

Once they reached agreement on a contract number, it could have been fouled up if Pops accepted his QO, which he had the right to do at any time ...and it's unlikely he'll get a better offer elsewhere. By yanking the QO, they eliminated the opportunity for Pops or his agent to grab that cap space.

Afterwards, when it became a SNT, cap space was no longer an issue so they didn't have to also renounce their rights on their own free agent players which they would have done at the same time as they submitted Hedo's deal. But pulling the QO was a preemptive defensive move until the SNT was added to the Marion deal at the last minute.

They can now still sign Pops to the same number as the QO if they want to, but there's now no RFA status and he has no QO to pluck if he feels like it.

Ah, that makes a ton of sense. I never thought of how Delfino and Pops could have just accepted the QOs which would have taken away the cap space if they ended up having to sign Hedo outright. Thanks for the answer!

killbuckner · Post #6 » by **killbuckner** » Sat Jul 11, 2009 12:30 pm

Are players allowed to accept the QO before the Moratorium ends?

FGump · Post #7 » by **FGump** » Sat Jul 11, 2009 12:48 pm

killbuckner wrote:Are players allowed to accept the QO before the Moratorium ends?

L Coon's FAQ is your friend. http://members.cox.net/lmcoon/salarycap.htm#Q90

Dunkenstein · Post #8 » by **Dunkenstein** » Sat Jul 11, 2009 4:41 pm

FGump wrote:
raptorfan1105 wrote:Why would Colangelo need to pull back the QO in preparation of renouncing players? Would renouncing them not automatically do that? Is this just a procedural thing with the league?

The "why" had to do with guaranteeing they had enough cap room for Turkoglu.

Once they reached agreement on a contract number, it could have been fouled up if Pops accepted his QO, which he had the right to do at any time ...and it's unlikely he'll get a better offer elsewhere. By yanking the QO, they eliminated the opportunity for Pops or his agent to grab that cap space.

Afterwards, when it became a SNT, cap space was no longer an issue so they didn't have to also renounce their rights on their own free agent players which they would have done at the same time as they submitted Hedo's deal. But pulling the QO was a preemptive defensive move until the SNT was added to the Marion deal at the last minute.

They can now still sign Pops to the same number as the QO if they want to, but there's now no RFA status and he has no QO to pluck if he feels like it.

It should also be pointed out that QOs act as cap holds, thereby reducing available salary room that a team has available to sign another team's free agent.