Gilbert Arenas Buyout

[mcgradyming]

So if we buyout his contract, I know he would count against us in the cap for this year, but what about subsequent years? Would we have to keep him on the cap until option? Or the full length of the contract? Because it seems like if he is still on our books for a while, he would hurt us in terms of salary cap.

[dobrojim]

i don't think 'we', either HOU (you are a HOU fan right?) or the Wizards
will be buying him out anytime soon.

[mcgradyming]

nope, wizards fan

[AceDegenerate]

Funny how the entire rest of the league has become interested in a player deemed by the local and national media to be a "cancer". I don't remember so many teams being interested in acquiring Steve Francis, Stephon Marbury, or Allen iverson (the players Gilbert is most compared to).

I'm pretty almost everyone knows deep down Gilbert will be very successful again in this league. His knee is fine, and he will be an All Star again.

[mcgradyming]

So does anyone know the answer? and the reason I made this post was because earlier this week the Wash. Post reported that we were considering buying him out.

[dobrojim]

nope, wizards fan

i guess Wiz fans should prepare for this (bandwagoneering).
Sorry MacMing, somehow that moniker doesn't ring like
a true, long-term Wiz fan.

[montestewart]

So does anyone know the answer? and the reason I made this post was because earlier this week the Wash. Post reported that we were considering buying him out.

Wait for nate33, hoopalotta, or one of the other smart guys to visit.

How does a Wizards fan end up w/ mcgradyming? Change or heart? Folks around here feel certain that Yao will come to DC, and Ming Dynasty and the Great Wall will become THE team for the Chinese Century. Maybe you were just more prescient.

[no D in Hibachi]

Funny how the entire rest of the league has become interested in a player deemed by the local and national media to be a "cancer". I don't remember so many teams being interested in acquiring Steve Francis, Stephon Marbury, or Allen iverson (the players Gilbert is most compared to).

I'm pretty almost everyone knows deep down Gilbert will be very successful again in this league. His knee is fine, and he will be an All Star again.

Yeah, it bothers me a little too that everyone in the league makes Arenas seem like such a burden to the Wiz and that they are doing the Wiz a "favor" by swapping Calderon/Hedo/Lewis/Brand etc. for Arenas. Ah, sometimes posters are so annoying! Mostly Toronto fans!

[nate33]

the cost of his buyout would be spread out over the next four years in the same proportion as his existing contract. The buyout fee would cost against the salary cap.

[no D in Hibachi]

So does anyone know the answer? and the reason I made this post was because earlier this week the Wash. Post reported that we were considering buying him out.

First, the Washington Post did not report the Wiz were considering a buy out. It was some loser blogger who had an agenda. He is completely unaffiliated with any local news reporting or publication outlet. The Wizards will not, I REPEAT, WILL NOT be buying out Arenas. It is impossible to think any team would sever ties with someone for $80M, completely irrational, so don't get your hopes up that the Wiz will just cut Arenas so he can go to Houston, because it seems odd that a Wiz fan would have their log-in name make direct references to the two most recent stars of the Rockets, but whatever.

To answer your question, when a player is bought out and has multiple years left on his contract the buy-out money is distributed among those seasons in proportion to the original salary. For example, say a player had three seasons remaining on his contract, with salaries of $10 million, $11 million and $12 million. The player and team agree to a buyout of $15 million. The $15 million is therefore charged to the team salary over the three seasons proportionally when compared to the orginal salary.

Sources http://members.cox.net/lmcoon/salarycap.htm#Q62

[mcgradyming]

the cost of his buyout would be spread out over the next four years in the same proportion as his existing contract. The buyout fee would cost against the salary cap.

If we were to buy him out, how much do you estimate it would take?

[mcgradyming]

So does anyone know the answer? and the reason I made this post was because earlier this week the Wash. Post reported that we were considering buying him out.

First, the Washington Post did not report the Wiz were considering a buy out. It was some loser blogger who had an agenda. He is completely unaffiliated with any local news reporting or publication outlet. The Wizards will not, I REPEAT, WILL NOT be buying out Arenas. It is impossible to think any team would sever ties with someone for $80M, completely irrational, so don't get your hopes up that the Wiz will just cut Arenas so he can go to Houston, because it seems odd that a Wiz fan would have their log-in name make direct references to the two most recent stars of the Rockets, but whatever.

Sources http://members.cox.net/lmcoon/salarycap.htm#Q62

Wtf, I am Wizards fan and have always been. Lived in NOVA all my life...

[no D in Hibachi]

Alright, alright, chill. Just seems a bit odd

[keynote]

Stop attacking the guy. He asked a basic question; it's been answered.

Welcome to the Wizards board, McGradyMing.

[GhostsOfGil]

lol! this man just got torn up like a virgin on prom nite.

[montestewart]

So does anyone know the answer? and the reason I made this post was because earlier this week the Wash. Post reported that we were considering buying him out.

First, the Washington Post did not report the Wiz were considering a buy out. It was some loser blogger who had an agenda. He is completely unaffiliated with any local news reporting or publication outlet. The Wizards will not, I REPEAT, WILL NOT be buying out Arenas. It is impossible to think any team would sever ties with someone for $80M, completely irrational, so don't get your hopes up that the Wiz will just cut Arenas so he can go to Houston, because it seems odd that a Wiz fan would have their log-in name make direct references to the two most recent stars of the Rockets, but whatever.

Sources http://members.cox.net/lmcoon/salarycap.htm#Q62

Wtf, I am Wizards fan and have always been. Lived in NOVA all my life...

Don't take it personally; people frequently penetrate the hidden city only to unleash homemade pipe bombs in Memorial Square while the children are playing. We have to be on guard.

If you want to name yourself after recent Wizards stars, try combining Gilbert Arenas, Antawn Jamison, and Caron Butler. GiAnt Car might work.

Welcome to the hidden city. Play ball.

[verbal8]

the cost of his buyout would be spread out over the next four years in the same proportion as his existing contract. The buyout fee would cost against the salary cap.

If we were to buy him out, how much do you estimate it would take?

The only buyout I could see making sense would be if Arenas excercises his ETO(Early Termination Option) to get rid of the final 2 years of his contract. The Wizards would have to pay most of the remaining contract at that point(37 million). If this was done during free agency, Arenas could probably come close to getting the money he gave up back.

[LyricalRico]

^ Didn't Nick Van Exel do something like that to facilitate his being traded to the Mavs?

[AceDegenerate]

Gilbert's offensive production cannot be replaced by any exchange involving the Wizards giving him up. Be it via Buyout, Trade, etc.

Therefore either there are Wizards fans who think that Gilbert even being on the team will have such a negative impact they'd rather lose him for nothing, or they think that his production will somehow either be made up by the remaining players on the roster and/or draft picks, free agents.

In both cases, you're wrong. Looks like some fans simply want to see the Wizards suck again, with hopes that they come out of "rebuilding" with something more than a 2nd Round playoff team (which we just had), especially when the SAME Front Office is doing the "building" again. I've said it before, and I'll say it again, a lot of guys (on "RealGM" especially) simply enjoy more the building aspect of following a team than the actual on court product. Fantasy trade scenarios and free agent signings are more fun when they seem plausible, and that only happens when teams are rebuilding.

Anybody who wants to watch the Wizards WIN basketball games knows the only option is to keep Arenas on the court. One way or another the guy is going to return to form and be a successful player in this league for the next 10 years with or without this franchise. Wouldn't look much like any curse is gone to give him up for peanuts and he goes on to become an All Star elsewhere, to me that looks more like business as usual for the hapless Washington franchise.

BTW, 2 Supposed "Team Cancers" are facing off in the Finals against each other. Real organizations can manage all types of personalities / talents.

[verbal8]

Gilbert's offensive production cannot be replaced by any exchange involving the Wizards giving him up. Be it via Buyout, Trade, etc.

Therefore either there are Wizards fans who think that Gilbert even being on the team will have such a negative impact they'd rather lose him for nothing, or they think that his production will somehow either be made up by the remaining players on the roster and/or draft picks, free agents.

In both cases, you're wrong. Looks like some fans simply want to see the Wizards suck again, with hopes that they come out of "rebuilding" with something more than a 2nd Round playoff team (which we just had), especially when the SAME Front Office is doing the "building" again. I've said it before, and I'll say it again, a lot of guys (on "RealGM" especially) simply enjoy more the building aspect of following a team than the actual on court product. Fantasy trade scenarios and free agent signings are more fun when they seem plausible, and that only happens when teams are rebuilding.

Anybody who wants to watch the Wizards WIN basketball games knows the only option is to keep Arenas on the court. One way or another the guy is going to return to form and be a successful player in this league for the next 10 years with or without this franchise. Wouldn't look much like any curse is gone to give him up for peanuts and he goes on to become an All Star elsewhere, to me that looks more like business as usual for the hapless Washington franchise.

BTW, 2 Supposed "Team Cancers" are facing off in the Finals against each other. Real organizations can manage all types of personalities / talents.

I think keeping Arenas is best for the Wizards. I am optimistic that he and Wall will work well together in the backcourt.

However some things look good on paper(like last year's Wizards roster), but don't end up working out in actual practice.

However what if Arenas absolutely does not want to play for the Wizards. I think it is better to buy him out on reasonable terms than give up another asset to get some team to take his contract.