jfs1000d wrote:Here is AI on Lillard. There is no bidding war to be had for his services.
If Damian Lillard is waived and then signs with another NBA team, his previous contract with the Bucks will be offset by the amount of his new contract. This means that whatever salary Lillard earns from his new team will be subtracted from what the Bucks still owe him for the remaining years of his original contract.
For example, if Lillard was owed $54.1 million for the upcoming season and signs with a new team for $5 million, the Bucks would only need to pay him $49.1 million for that season. This offset applies for the duration of the guaranteed money he was owed, typically for the next two seasons in this case.
Because of this offset rule, there is little financial incentive for Lillard to sign for more than the minimum with his next team, since any additional salary he earns would just reduce the amount the Bucks owe him. This allows him to choose a team based on fit or championship potential without sacrificing his total earnings
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What AI did you use?
Here is what google search "AI" shows when asking "can bucks offset damian lillards salary when he signs with new team"
Yes, the Milwaukee Bucks can get a salary offset if Damian Lillard signs with another team after being waived, but the offset only impacts their luxury tax situation, not their immediate cap space. The offset is calculated as the difference between Lillard's new contract and the veteran's minimum salary, divided by two. Even if Lillard signs for the minimum, the Bucks can only potentially benefit by a small amount (around $775,000 per year).
Here's a more detailed explanation:
Waiving and Stretching:
The Bucks waived Lillard and stretched his remaining contract (two years, $113 million) over five years, meaning they'll pay him $22.5 million per year for the next five years.
Luxury Tax Offset:
When a player is waived and stretched, their salary counts against the team's luxury tax, but the team can receive a salary offset if the player signs with another team.
Offset Calculation:
The offset is calculated by subtracting the veteran's minimum salary (around $2.05 million for a player with Lillard's experience) from the new contract's salary and dividing the result by two.
Limited Impact:
Even if Lillard signs for the maximum amount, the offset is limited by the veteran's minimum. For example, if he signs for the minimum, the Bucks would only see a benefit of about $775,000 per year.
Focus on Luxury Tax:
The offset primarily affects the Bucks' luxury tax bill, not their ability to sign players.
Lillard's Flexibility:
Lillard can essentially sign with any team he chooses, even for the minimum, as his full salary will still be paid by the Bucks.
There is some context that isn't precise, but I believe this is broadly correct.
