NatiboyB wrote:Sheez just realized he's not even on 2K.
Luckily the Magic drafted for "best player available" not for "player who will be available on 2K this season."
The Magic have Okeke's NBA rights. He can not sign with any other NBA team while the Magic have those rights.
To get those rights, the Magic had until July 15th to offer him a "required tender" (a contract offer signed by the team). If the Magic hadn't, then Okeke would have immediately become a free agent and the Magic would be prohibited from signing him anytime in the future (except after he has already played for another NBA team). In other words, the Magic obviously gave him a "required tender" as he's been rehabbing at Amway...why would they allow that if they are never legally allowed to sign him.
• For those speculating that Okeke is refusing to sign:
1) Per the CBA, that "required tender" must have guaranteed compensation protection (be it for lack of skill or injury) for at least two seasons. Article VII C ii (page 267)
2) Okeke was an "Early Draft Entry" player. Early Entry players are bound by their drafting teams until one year after the first NBA Draft they could have entered as non-Early Entry players. In other words, the Magic have Okeke's draft rights for this year (19-20 season) and next year's draft (20-21 season). LINK
That would mean that Okeke (rehabbing an ACL injury) would be rejecting $4.3 to $6.4 million in guaranteed $...AND he is knowingly postponing his NBA career until the 2022-23 season, which is the first season he can sign with another NBA team other than the Magic.
• For those speculating that Okeke and the Magic have an agreement to delay signing until next season:
1) Immediately upon the Magic selecting Okeke in the draft, a 120% Rookie Scale cap hold was applied to the Magic's team salary.
2) That cap hold can only be postponed if the Magic and Okeke both agree in writing not to sign a contract through June 30, 2020.
3) Rookie scale contracts can not have signing bonuses or performance incentives.
While this would benefit the Magic, I find it very hard to believe that he takes this risk "for the team," especially while rehabbing an ACL injury.
By postponing his signing to next season, Okeke could make $225k more in his first year salary. BUT he would put at risk $4.3 to $6.4 million in guaranteed money to do so. Even if he signs a G-League contract for the 19-20 season, that dollar amount pales in comparison to the amount of money he'd be putting at risk.
• The Okeke scenario that I feel is possibly playing out:
The delay in his signing is related to the Magic's luxury tax space and how the 15th roster spot plays out in training camp.
With Okeke's cap hold, if the Magic add a 15th player AND want to stay under the luxury tax, they would need to slightly adjust the 1st year salary of Okeke's actual contract.
For example, if DeQuan Jeffries (min salary player) makes the team (15th roster spot), then the Magic make Okeke's 1st year salary at 117% scale with year's 2-4 at normal 120%. If Jeffries doesn't make the team, leaving the 15th roster spot empty, then the Magic just structure Okeke's contract at the normal 120% for all 4 years.
Essentially, Okeke takes $78,027 less in 1st year salary, and that's only IF the Magic fill the 15th spot in training camp.
That to me sounds more realistic than Okeke risking all $4.3-$6.4 million, just to make an extra $350K. In addition, this scenario leaves the door open for him to play in the NBA this 2019-20 season...after all, his ACL recovery timeline estimates a return window of mid December - mid February.
*Okeke has until the first day of the regular season to sign the "required tender."