I understand that much.
Say for arguments sake a player is owed 4 million over the next two season at 2 million per year. If he is bought out/waived then does that not mean he gets all 4 million unless a buyout sum is agreed upon between the two parties?
Also that amount still counts against the salary cap does it not?
If so, then that is where I don't see why any team would buy someone out for the total amount owed to the player as why not keep someone if you have to pay them anyways?
IF we get Giri....
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^ sometimes they buy a player out for less than what he is owed etc, but in the case that youre discussing above, where a player is bought out for the full value of his contract, i think this is done mainly as a goodwill gesture to the team he goes to or to the agent representing the player
dont forget, giricek is now on a 1 year deal, contract year, a good performance now will result in a good payday for him and his agent in the offseason. His agent now will have the sixers on his "good list" and a little goodwill between teams and the people who try to suck them dry of every dollar, never goes astray
especially when youre a team not going to make the playoffs, who is better off playing young guys, giving them experience and losing to get a better pick
dont forget, giricek is now on a 1 year deal, contract year, a good performance now will result in a good payday for him and his agent in the offseason. His agent now will have the sixers on his "good list" and a little goodwill between teams and the people who try to suck them dry of every dollar, never goes astray
especially when youre a team not going to make the playoffs, who is better off playing young guys, giving them experience and losing to get a better pick
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Never Fear 33 Is Here wrote:I understand that much.
Say for arguments sake a player is owed 4 million over the next two season at 2 million per year. If he is bought out/waived then does that not mean he gets all 4 million unless a buyout sum is agreed upon between the two parties?
Also that amount still counts against the salary cap does it not?
If so, then that is where I don't see why any team would buy someone out for the total amount owed to the player as why not keep someone if you have to pay them anyways?
Generally they get bought out for a little less, right? So the buyout team saves money, especially if they are over the lux tax. Then the player goes and resigns for more than the difference between his buyout and previous salary, and makes more money than he would have otherwise.
I don't think anyone demands the whole amount because they can get more overall if they get bought out for a bit less.
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Mr. Sun wrote:Suns would save something like $520,000 in tax by buying out Eric. Suns have the $3 million cash plus incurred interest from selling the first round pick to Seattle to pay the 3 million tax this year.
I don't think so...whatever amount he gets bought out for still counts against the lux tax. The only time where that didn't happen was when they had that one time amnesty rule and players like Finley and Grant were bought out.
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Never Fear 33 Is Here wrote:-= original quote snipped =-
Doesn't the team that waives the player still have to pay out the contract?
It is whatever is agreed upon by the player and his agent. Pike and his agent would have to agree to it, but the Suns could offer to pay half of what his is still owed to release him. That is what the Clippers did with Cassell. There may not be any incentive for Pike to take it though, since he probably can't help another playoff bound team any more than he has helped the Suns this year.
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they will just let Linton's 10 day deal expire.... Pike still has those compromising photos of Kerr....and apparently he gave the negatives to the Surprising Sean Marks. Those boys are locked in for full paydays for the rest of the yr.
What a waste of two roster spots...but I regress
What a waste of two roster spots...but I regress
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bjebaz wrote:-= original quote snipped =-
I don't think so...whatever amount he gets bought out for still counts against the lux tax. The only time where that didn't happen was when they had that one time amnesty rule and players like Finley and Grant were bought out.
Doesn't renouncing your FA's automatically remove his salary off the books? Only released players with guaranteed contracts continue to be added to salary.
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Mr. Sun wrote:-= original quote snipped =-
Doesn't renouncing your FA's automatically remove his salary off the books? Only released players with guaranteed contracts continue to be added to salary.
No way. Otherwise teams would continually cut players just to get under the luxury tax.

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Mr. Sun wrote:-= original quote snipped =-
They do!! It's called renouncing a player!!
Seriously, only the guaranteed portion's of a contract counts against salary.
I am totally lost with this.


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