C-Web retirement question

Macedonianbull · Post #1 » by **Macedonianbull** » Sat Mar 29, 2008 10:57 am

Well, he signed a guaranteed contract for this season worth a proprated $500 k (app.). Now, the season is over and he officially retires. Does that $500K stay on the Warriors team salary for this season or the prorated contract gets prorated again?

Post #2 » by **Tommy Udo 6** » Sat Mar 29, 2008 2:14 pm

Contracts signed after Jan 10 are guaranteed for the remainder of the season.

Here's Sham again:

http://www.shamsports.com/content/pages ... rriors.jsp

Macedonianbull · Post #3 » by **Macedonianbull** » Sat Mar 29, 2008 2:23 pm

You sure believe Sham a lot.

Yes it is guaranteed.

However, Webber wasn't waived. He retired. He basically didn't finish the season and walked away from the money he was owed until the end of the season. The Warriors can't be responsible for the amount he decided to forgo. Right?

Post #4 » by **Tommy Udo 6** » Sat Mar 29, 2008 4:08 pm

Macedonianbull wrote:You sure believe Sham a lot.

Yes it is guaranteed.

However, Webber wasn't waived. He retired. He basically didn't finish the season and walked away from the money he was owed until the end of the season. The Warriors can't be responsible for the amount he decided to forgo. Right?

The Warriors are allowing him to go home & retire because he obviously cant play. It's not a matter of not wanting to play.

Do you want them to force him to sit on the bench all season?

Yes, Sham is right the vast majority of the time.

Dunkenstein · Post #5 » by **Dunkenstein** » Sat Mar 29, 2008 4:56 pm

It is my understanding that in conjunction with his retirement, Webber was simultaneously waived by the Warriors (as is the case of practically all players who say they are retiring). Because his contract was guaranteed, he will be paid the full contracted amount for this season.

Post #6 » by **Tommy Udo 6** » Sat Mar 29, 2008 5:09 pm

The Transaction Section of RealGm says:

Mar 26, 2008

Chris Webber of the Golden State Warriors announced his retirement.

It does say that he was waived, nor does Hoopshype's Transaction list, but it makes sense that it did or could happen.

Macedonianbull · Post #7 » by **Macedonianbull** » Sat Mar 29, 2008 5:31 pm

So, a player that signs a guaranteed $5 million and is 35-years old and one game into the season he decides to retire after all - keeps the entire $5 million just because they were guaranteed and the team cannot do nothing to remove that $5 million off its payroll?

Dunkenstein · Post #8 » by **Dunkenstein** » Sat Mar 29, 2008 6:38 pm

Macedonianbull wrote:So, a player that signs a guaranteed $5 million and is 35-years old and one game into the season he decides to retire after all - keeps the entire $5 million just because they were guaranteed and the team cannot do nothing to remove that $5 million off its payroll?

A player can't just retire without the blessing of the team and would only happen if the team deemed the player no longer able to play.

Macedonianbull · Post #9 » by **Macedonianbull** » Sat Mar 29, 2008 6:58 pm

A player can retire whenever he wants to and that's a fact.

The question is, how that's going to reflect on: his salary, team's payroll and lastly, team's salary cap number.

Post #10 » by **Three34** » Sat Mar 29, 2008 7:05 pm

Macedonianbull wrote:A player can retire whenever he wants to and that's a fact..

Not if they want to get paid they can't.

Macedonianbull · Post #11 » by **Macedonianbull** » Sat Mar 29, 2008 7:23 pm

That's right.

Webber left money on the table by retiring.

The question is if that amount comes off the cap immediatelly? I mean, even though his contract was guaranteed.

Dunkenstein · Post #12 » by **Dunkenstein** » Sat Mar 29, 2008 9:24 pm

Macedonianbull wrote:That's right.

Webber left money on the table by retiring.

The question is if that amount comes off the cap immediatelly? I mean, even though his contract was guaranteed.

Continuing to reply to your ignorant statements and questions is too much of a drain on me. In the words of the great Porky Pig: "That's all folks".

FGump · Post #13 » by **FGump** » Sun Mar 30, 2008 1:56 am

This was not a "retirement" in the sense that we typically understand retirement, where a person or player of their own accord decides he doesn't want to work anymore and just quits working.

Instead (as with essentially all NBA "retirements" where the player still has an ongoing contract), the player and the team mutually decided the player is no longer going to play, despite the fact he has a contract, because he just has lost his ability to contribute. So for PR purposes on both sides, they call it a retirement as if the player is riding off into the sunset while he can still help.

If they were being honest, they'd say "We told Webber to get lost because he sucks and we don't want him anymore" but of course, that doesn't leave fans with the warm fuzzies, so they never say it.

And because the contract is fully guaranteed for lack of skill, the player (in this case Webber) gets paid in full. If you believe otherwise, you are deceiving yourself.

FGump · Post #14 » by **FGump** » Sun Mar 30, 2008 1:59 am

Macedonianbull wrote:Webber left money on the table by retiring.

The question is if that amount comes off the cap immediatelly? I mean, even though his contract was guaranteed.

Webber absolutely did NOT leave a single penny on the table. He'll get paid in full for the reasons noted above. There are no cap adjustments, so your other issues are moot.