Bonzi wrote:Agreed, but it's like the example when you take out a loan, the company would usually rather you NOT pay it back early, so they'll make more money, but too freaking bad for them if you want to.
Take it from somebody in finance: that is actually NOT the case. Terms of repayment are part of the loan agreement...sometimes there is no penalty for early repayment (or outright disallowance), sometimes there is.
Bonzi wrote:I get that what you're saying may be true, it just seems like nobody actually knows the rule, they just think that's how it is. I don't think there's no shame in not knowing the rule, I don't know it, that's why I'm asking.
A trade is an exchange of considerations, and therefore a contract, between two teams; under contract law one party cannot unilaterally change the terms of a completed agreement. The CBA would have to explicitly supercede this, and although I haven't read the CBA cover-to-cover I can't imagine that it does.
Bonzi wrote:Players can waive trade kickers in their contracts, why can't teams waive lottery protection in trades?
Trade kickers are explicitly waivable. (By contrast, a contract can NOT be renegotiated downward, even if the player is amenable to it.) And in that case, the team is being relieved of an obligation...I suppose they could choose to fight it if for some reason they wanted to, but they have no reason to object. Whereas the Jazz certainly DO have a reason to object if the Knicks try to take away an asset THAT THE JAZZ OWN and replace it with a lesser one.
That seems to be what you're missing. As a result of previous conditions not being met, the Jazz own the rights to the 2010 pick. Those were the terms of the trade/"contract" that the Knicks entered into. The Jazz don't own the rights to "any pick transferred on or before 2010", they own the rights to "the Knicks' 2010 pick, unprotected", a specific asset. You seem to be arguing that they DON'T own the rights to it and that therefore it can be exchanged at the Knicks' whim. But that's not the case.










