KGdaBom wrote:BlacJacMac wrote:Yes. I’m saying that is incorrect.
We told him if he signed 3 consecutive tiny 1 year deals, we’d sign him to a massive deal once we had his Bird Rights.
We have a different recollection of the exact wording of the illegal contract. I might get ambitious enough to find it. I might not. You might get ambitious enough to find it. You might not.
We did not sign him to 4 contracts at once. They were done each year. The written promise was if he signed the 3 INDIVIDUAL contracts we would then sign him to a massive deal.
However, it was considered very suspicious that a young player would sacrifice his first big payday for the betterment of his team. To make matters more questionable, Smith previously turned down an $80 million contract extension with the Warriors.
However, it turned out that Smith and the Wolves agreed to an under-the-table deal that involved him signing three consecutive minimal one-year deals. This would allow Minnesota to acquire his Bird rights and eventually go over the salary cap to sign him to a lucrative deal.
Unfortunately for Smith and Minnesota, the NBA found out ahead of the 2000 offseason and handed down severe penalties to all involved.
During a recent interview with VladTV, Smith recounted the whole ordeal, saying that it cost him $80 million