ATL: Josh Smith BYC Package
Posted: Fri Aug 8, 2008 2:17 pm
I have been considering working through the numbers to come up with the packages we could offer that would work financially for the BYC players that are still out there, like Josh Smith and Andre Iguodala. The BYC status, and the large paychecks they are due, makes this a very difficult process, since salary matching is so difficult when large salaries are halved on the other teams outgoing side. Expect a big BYC contract to have a decent sized bad contract attached.
I ran a package down to simply try to match numbers for Josh Smith. I want you to notice that very narrow landing strip, and both sides met their salary match requirements by only $0.42 mil and $0.25 mil. A larger initial salary than $12 mil would shrinh the target number even farther.
MIN IN: $17,757,818 Josh Smith + Speedy Claxton
MIN OUT: $14,378,701 Mike Miller + Rashad McCants + Mark Madsen + UTA pick
($14,378,701 * 1.25 + $100,000 = $18,073,376 max < $17,757,818 .. OK by CBA)
ATL IN: $14,378,701 Mike Miller + Rashad McCants + Mark Madsen + UTA pick (+$3.38 mil TPE)
ATL OUT: $11,757,818 Josh Smith (half of $12) + Speedy Claxton
(max $11,757,818 * 1.25 + $100,000 = $14,797,272 max < $14,378,701 .. OK by CBA)
MikeMiller 9,128,575 9,880,937
RMcCants 2,620,126 3,644,595
MMadsen 2,630,000 2,840,000
JoshSmith 12,000,000 13,260,000 etc. etc. etc.
SpClaxton 5,757,818 5,209,454
I believe if we rescind our qualifying offer to Chris Richard, this deal puts us at $71.08, and the new lux tax threshhold is $71.15 mil, so we just barely squeeze under. I don't think this is an unreasonable offer for Smith. Mike Miller at a cheaper price makes up a lot of the value, and turning Speedy into McCants and Madsen is definitely an upgrade, and no financial hit, plus they get a late pick. Teams don't want to admit it, but when a team is in danger of either giving a big long deal to player, or losing him for nothing if he walks, his trade value isn't at max value.
As an alternative, once Josh Smith is traded, I believe he's no longer BYC. We could look into other offers from teams that could not match up with the extreme BYC financial contraints.
Finally, I think Iguodala is a better fit, but their bad contract (Willie Green, 3 years at $3.7) won't be big enough to cover the BYC salary he wants (5 years at $70 mil). Their package would probably be Iguodala + Green + Reggie Evans. We could probably spin Evans to a third team, but what I'm trying to say is that the bigger BYC salary will make things dificult
I ran a package down to simply try to match numbers for Josh Smith. I want you to notice that very narrow landing strip, and both sides met their salary match requirements by only $0.42 mil and $0.25 mil. A larger initial salary than $12 mil would shrinh the target number even farther.
MIN IN: $17,757,818 Josh Smith + Speedy Claxton
MIN OUT: $14,378,701 Mike Miller + Rashad McCants + Mark Madsen + UTA pick
($14,378,701 * 1.25 + $100,000 = $18,073,376 max < $17,757,818 .. OK by CBA)
ATL IN: $14,378,701 Mike Miller + Rashad McCants + Mark Madsen + UTA pick (+$3.38 mil TPE)
ATL OUT: $11,757,818 Josh Smith (half of $12) + Speedy Claxton
(max $11,757,818 * 1.25 + $100,000 = $14,797,272 max < $14,378,701 .. OK by CBA)
MikeMiller 9,128,575 9,880,937
RMcCants 2,620,126 3,644,595
MMadsen 2,630,000 2,840,000
JoshSmith 12,000,000 13,260,000 etc. etc. etc.
SpClaxton 5,757,818 5,209,454
I believe if we rescind our qualifying offer to Chris Richard, this deal puts us at $71.08, and the new lux tax threshhold is $71.15 mil, so we just barely squeeze under. I don't think this is an unreasonable offer for Smith. Mike Miller at a cheaper price makes up a lot of the value, and turning Speedy into McCants and Madsen is definitely an upgrade, and no financial hit, plus they get a late pick. Teams don't want to admit it, but when a team is in danger of either giving a big long deal to player, or losing him for nothing if he walks, his trade value isn't at max value.
As an alternative, once Josh Smith is traded, I believe he's no longer BYC. We could look into other offers from teams that could not match up with the extreme BYC financial contraints.
Finally, I think Iguodala is a better fit, but their bad contract (Willie Green, 3 years at $3.7) won't be big enough to cover the BYC salary he wants (5 years at $70 mil). Their package would probably be Iguodala + Green + Reggie Evans. We could probably spin Evans to a third team, but what I'm trying to say is that the bigger BYC salary will make things dificult