thebuzzardman wrote:el13adnino wrote:newyorker4ever wrote:
Ummmmmm he did give Timmy $80 mil and even gave him a trade exception.....sure am glad Perry is taking over.
Speaking about the trade kicker ... there has been no mentions of that anywhere. Do we know if he waived it or anything ?
It got paid by the Mavs, someone posted the details. That was 1.5 days and hundreds of pages read, so I have no idea where I saw it.
here you go:
Hardaway’s trade kicker was for 15% of the money left on his contract, not including any option years. That meant that the bonus would apply to the rest of this season’s prorated salary ($6,851,695) and all of next season’s salary ($18,150,000). Those figures add up to $25,001,695, and 15% of that amount is $3,750,254. That’s the amount of THJ’s bonus.
For salary cap purposes, a trade bonus is split up and applied equally to each non-option season, meaning Hardaway’s cap hits for this season and next season each increased by $1,875,127. Here’s what those changes look like, as Jeff Siegel’s cap sheet at EarlyBirdRights.com shows:
2018/19
Old cap hit: $17,325,000
New cap hit: $19,200,127
2019/20
Old cap hit: $18,150,000
New cap hit: $20,025,127
https://www.hoopsrumors.com/2019/02/financial-impact-of-kristaps-porzingis-blockbuster.html