UTA Pick - exact wording on protections
Posted: Tue Dec 1, 2009 9:30 pm
Our UTA pick probably has one of the most complicated protections ever. I posted recently to Larry Coon that it may be a counter-example he was looking for that pick protection couldn't increase any year, and he was kind enough to reprint the exact wording, which I assume he got from the league office with his connections. Since its so confusing, I thought it might be valuable to post the wording here, if any other posters were as nerdy as me, and wanted to re-visit it as we get later in the season.
Note that this is evidence that the pick turns into a second rounder + cash in 2014.
Note that this is evidence that the pick turns into a second rounder + cash in 2014.
LarryCoon wrote:Yep -- it's one hell of a trade description, but it does exactly what you said:Utah conveys to Philadelphia Utah’s own first round draft pick in the first Draft, commencing with the 2009 Draft, in which such pick is not a “Protected Pick” (as defined below).
However, if: (i) Utah would be required to convey to Philadelphia its own 2009 first round draft pick pursuant to the foregoing, and (ii) Utah is entitled to receive New York’s own 2009 first round draft pick pursuant to the terms of the February 19, 2004 trade between Utah and Phoenix and the January 5, 2004 trade between Phoenix and New York (the “Utah/Phoenix and Phoenix/New York Trades”), then Utah shall convey to Philadelphia the more favorable of its own 2009 first round draft pick and New York’s 2009 first round draft pick.
Further, if:
(x) Utah has not previously conveyed a first round draft pick to Philadelphia pursuant to the terms of this trade,
(y) Utah would be required to convey to Philadelphia its own 2010 first round draft pick pursuant to the terms of this trade, and
(z) Utah is entitled to receive New York’s own 2010 first round draft pick pursuant to the terms of the Utah/Phoenix and Phoenix/New York Trades, then Utah shall convey to Philadelphia the least favorable of its own 2010 first round draft pick and New York’s 2010 first round draft pick. If Philadelphia does not receive a first round draft pick from Utah pursuant to the foregoing in any of the Drafts from 2009 through 2013, then Utah’s obligation to send a first round draft pick to Philadelphia shall be extinguished and Utah shall instead convey to Philadelphia Utah’s own 2014 second round draft pick and pay to Philadelphia the sum of $1,150,000 in cash on or before July 15, 2014. (Korver – Giricek, 12/29/07)
The following first round picks are “Protected Picks”:
Draft Picks
2009 1 – 22
2010 1 – 15
2011 1 – 17
2012 1 – 16
2013 1 – 16