Post#18 » by NetsForce » Fri Feb 26, 2010 10:37 pm
Not too long ago the Grizzlies threw a 5 year $58 million dollar deal at Josh Smith which the Hawks matched... I feel like that number right there is also the Grizz's limit for resigning Gay.
5 year $60 million is what Danny Granger got and he's clearly better than Gay... Then again when you consider age and injury history I don't think it's out of the realm of likely possibilities that someone throws that kind of money at Gay.
So with all that being said if the Nets want Gay and our boy Porky is as rich and passionate as they say he is the Nets could throw something like this at Gay:
Length: 5 years
Amount: $53 million (3% raises)*
Signing bonus: $10.6 million**
Total amount: $63.6 million
On the salary cap it would look like this:
Year 1: $12,120,000
Year 2: $12,420,000
Year 3: $12,720,000
Year 4: $13,020,000
Year 5: $13,320,000
In terms of what Gay would actually receive each year assuming the Nets structured the contract so Gay received 80%*** of his 1st year salary up front, it would look like:
Year 1: $21,600,000 ($18,600,000 on day of signing)
Year 2: $10,300,000
Year 3: $10,600,000
Year 4: $10,900,000
Year 5: $11,200,000
*Raises could be negotiated accordingly, you don't have to give the same raise each year, it's just easier to present things that way...
**The maximum signing bonus you can give is 20%. On a $53 million dollar contract it's $10.6 million
***The Blazers supposedly structured their deal with Millsap to pay 80% of the contract upfront that's the only reason I used 80%...
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There's so much hypothetical crap that can go into this but basically what I'm saying is if you pay enough of the cash up front the Grizzlies will back out of matching (and rightfully so, I mean let's be serious here Gay getting $21.6 million in year 1 is straight out absurd BUT... I guess we'll get to see early on just how much of a basketball nut Porky is)
...
