Buying 2008 Picks was XTRA Expensive

Jammer · Post #1 » by **Jammer** » Sun Jun 29, 2008 9:39 pm

Its not unusual for GM's to swap second round picks.

This year, when Mark Cuban asked an un-named GM
(likely Kevin McHale with the 3, 31 and 34 picks)
his price for a second round pick,
Mark Cuban was told $2 Million Cash Plus TWO SECOND ROUND Picks.

This sounds reasonable when you realize that Pat Riley paid
McHale $1.5 Million Cash plus two of Miami's three 2009 second round picks
(Miami's, Philadelphia's, Indiana's)
for Kansas point guard Mario Chalmers (# 34 pick), who may start in Miami.

Portland was lucky to get the #27 pick for $3 Million.

It also explains to me why Danny "only" bought a #47 pick.

And it also explains why perhaps Danny didn't swap Pruitt or Davis for a pick.

Next year's is expected to be much less deep with all the available international players for the most part in this year (1 or 2 exceptions there),
and all the underclassmen that came out this year.

Doc RIvers estimated that there were perhaps 40 players in this years draft who could play (get time) in the NBA.

Next year might not even be half that.

campybatman · Post #2 » by **campybatman** » Mon Jun 30, 2008 1:30 am

I'd been thinking about this since this past Thursday. What exactly does "cash considerations" mean? That is to say, did Boston already pay Washington for Walker or is that X amount contingent on whether he makes the team this season. So, if he doesn't, Boston does or doesn't owe Washington. Hmmm... I guess I'm looking at it from a football standpoint. My guess, is Boston already paid the price of the pick for Walker and that price is what Walker would receive in his first season at where he was selected.

Jammer · Post #3 » by **Jammer** » Mon Jun 30, 2008 1:41 am

bonsaiflipflops wrote:I'd been thinking about this since this past Thursday. What exactly does "cash considerations" mean? That is to say, did Boston already pay Washington for Walker or is that X amount contingent on whether he makes the team this season. So, if he doesn't, Boston does or doesn't owe Washington. Hmmm... I guess I'm looking at it from a football standpoint. My guess, is Boston already paid the price of the pick for Walker and that price is what Walker would receive in his first season at where he was selected.

Cash considerations means anything up to $3 Million.

This was a HIGHLY unusual draft in terms of the price of second round picks.

Chicago gave up THREE second round picks to get Omer Asik from Portland (#36 pick).
Why they didn't wait until # 39 (their pick) was because Portland was drafting Asik at #36, so it was step up or be shut out.

This draft was hard to figure out, because the Clippers gave up their 2009 second round pick for the 2008 #52 pick !!

Another team reportedly bought an early fifties pick for like $500K, so beauty is in the eye of the beholder (that is a more normal price).

Normally Danny would probably had to pay around $700k, perhaps, for a 47 pick, but this year who knows. Walker is a MacDonald's All-American who has had some physical injuries.

campybatman · Post #4 » by **campybatman** » Mon Jun 30, 2008 2:10 am

Oh, I reckon my confusion comes from the part of the quote that says, "considerations." To me, that implies something is being considered and not already done. So, the money is on hold is how I'm reading it.

Yeah, this was the oddest year for the NBA draft in a year that was said to be deep. Here's my thread with all the movement that went down Thursday and into Friday.

viewtopic.php?f=8&t=818977

Post #5 » by **Spin Move** » Tue Jul 1, 2008 7:45 am

bonsaiflipflops wrote:Oh, I reckon my confusion comes from the part of the quote that says, "considerations." To me, that implies something is being considered and not already done. So, the money is on hold is how I'm reading it.

Yeah, this was the oddest year for the NBA draft in a year that was said to be deep. Here's my thread with all the movement that went down Thursday and into Friday.

viewtopic.php?f=8&t=818977

Consideration is a legal term it basically means what one party is getting that is there incentive to do the deal. Cash Considerations means they are getting money as opposed to players. The money gets paid whether or not the player makes the team its the rights they are trading for not the player himself.

For a contract to be valid in most cases there must be reciprocal consideration (there are a few different legal names for this) both parties have to get something they value, IE I will give you 5 dollars not a valid contract, I will give you 5 dollars if you let me video tape you jumping up and down like an idiot so I can get a good laugh, the former would not be a valid contract, the latter would be as even though the 2nd party did not receive something tangible they received an service that was benificial to them in some way.

In the case of the trade, they recieved cash, we recieved the rights to the player or the pick itself if the trade was made before the the pick was chosen.

campybatman · Post #6 » by **campybatman** » Tue Jul 1, 2008 1:41 pm

You know, a thought crossed my mind. Did Ainge and Washington talk about this before the Wizards made the selection of Walker? Because Washington says that the trading away of his draft rights weren't against him but the team really didn't have the room for him with their need to resign Jamison and Arenas and such. Unless, they were looking for takers for the pick and didn't get a deal they'd liked and made the pick and Ainge then called them. But, did how did Ainge know that Washington wanted to move Walker?