Big Bibby Buy-out

[fishercob]

Deserves its own thread IMO:

WOW!!!!

Marc Spears Tweets:

Guard Mike Bibby agreed to give up entire $6.2 million salary for the '11-'12 season to get buyout with Wiz to play for winner, source says.

Go Ernie!!! Last summer's cap room turned into 3 firsts and 2/3 of a season of Kirk Hinrich and that's it!

Wow.

[AceDegenerate]

Go Ernie, but what does it say about this franchise that a player is willing to give up $6.2 million to get out of here?

Yeah, so about Dwight signing here again.. not happening until this franchise does some serious image rehabilitation.

[dandridge 10]

If true, this is awesome. There has been a lot of criticism on this board regarding EG. However, I think he has been pretty solid since Abe Pollin past away. Although it will probably never be known, I have to wonder how much of EG's previous blunders were due to Abe Pollin and the direction he gave EG.

[AceDegenerate]

Yeah, let's all pat Ernie on the back for a good move, but when he makes a bad move all you same people do is make excuses as to how Abe Pollin was pulling his strings and he is not responsible. Well Ernie may well not be responsible for this as well, how about some credit to Ted instead?

[nate33]

Reposted here for posterity:

Okay, so EG absorbed Hinrich's salary in exchange for Seraphin and $3M cash. He then traded Hinrich for Crawford, the #20 pick, and Bibby. He then got Bibby to shave off $6.2M of what he is owed. In the final analysis, EG spent a grand total of $7.8M to get Seraphin, Crawford, the #20 pick, and a 60-game rental of Kirk Hinrich.

[Rafael122]

Go Ernie, but what does it say about this franchise that a player is willing to give up $6.2 million to get out of here?

Yeah, so about Dwight signing here again.. not happening until this franchise does some serious image rehabilitation.

He's 32 years old, career is winding down, he's made over $100 million, which means he doesn't need the money that badly. He still got a chunk of change out of the buyout. I'm sure he's going to re-coup that money eventually though.

[queridiculo]

EG really has done a masterful job positioning this franchise over the last year. The only minor blemish, in retrospect, might be the contract extension given to Blatche. Even in that case however it is tough to argue against him given how modest the contract is for a young big with above average skills.

Kudos, not a big fan of his work up to the trade deadline last year, but he deserves executive off the year simply by virtue of being able to dump Arenas.

[Ruzious]

Yeah, let's all pat Ernie on the back for a good move, but when he makes a bad move all you same people do is make excuses as to how Abe Pollin was pulling his strings and he is not responsible. Well Ernie may well not be responsible for this as well, how about some credit to Ted instead?

I'm over-simplifying, but basically EG makes the good small moves, and he doesn't make the good big moves.

[NbdyBeatsTheWiz]

Great news. Not that it's worth worrying about but I hope he goes West, I'd hate to help Miami in any way.

But another + for Ernie in case Ted decides to review his resume again after this debacle of a season.

[AceDegenerate]

Go Ernie, but what does it say about this franchise that a player is willing to give up $6.2 million to get out of here?

Yeah, so about Dwight signing here again.. not happening until this franchise does some serious image rehabilitation.

He's 32 years old, career is winding down, he's made over $100 million, which means he doesn't need the money that badly. He still got a chunk of change out of the buyout. I'm sure he's going to re-coup that money eventually though.

Okay, but the argument cannot be that he is desperate for a ring. The guy had no problem playing for the Hawks and was not requesting a buyout there. Atlanta is a 1st/2nd round exit at best. So I don't buy that he simply wants to ring chase. He was disappointed to be traded here and I think it has a lot more to do with our franchise reputation than our record. See: Drew Gooden, Zydrunas Illgauskas, and I'm sure the list will go on. Vets do not want to play here for one reason or another.

[AceDegenerate]

Kudos, not a big fan of his work up to the trade deadline last year, but he deserves executive off the year simply by virtue of being able to dump Arenas.

Wow, anyone know the last time a GM won executive of the year for a team with 1 road win with 20 games left in the season? The last time a GM won executive of the year with less than 20 wins?

There is some serious delusions on this forum. We all seem to love Cap space here, even though we will most likely do nothing with it. Strange.

[tontoz]

I am having a little bit of a hard time believing this. Great news if true but.... wow.

[Rafael122]

Go Ernie, but what does it say about this franchise that a player is willing to give up $6.2 million to get out of here?

Yeah, so about Dwight signing here again.. not happening until this franchise does some serious image rehabilitation.

He's 32 years old, career is winding down, he's made over $100 million, which means he doesn't need the money that badly. He still got a chunk of change out of the buyout. I'm sure he's going to re-coup that money eventually though.

Okay, but the argument cannot be that he is desperate for a ring. The guy had no problem playing for the Hawks and was not requesting a buyout there. Atlanta is a 1st/2nd round exit at best. So I don't buy that he simply wants to ring chase. He was disappointed to be traded here and I think it has a lot more to do with our franchise reputation than our record. See: Drew Gooden, Zydrunas Illgauskas, and I'm sure the list will go on. Vets do not want to play here for one reason or another.

Yeah, and Drew Gooden signed a big contract in Milwaukee and he isn't doing too hot. Z wanted to play with Lebron and win a ring. Bibby, I could care less about, the man hasn't been relevant since the Kings days so I'm not losing sleep over this. He wanted out of DC, like you said, but I...couldn't care less. He didn't fit in the Wizards long term plans anyway.

[AceDegenerate]

I couldn't care less about Bibby myself. However, we seem to be to amassing a ton of cap space and at some point we are going to need to sign Vets to play here and without seriously overpaying them I do not see anyone wanting to play here. It's not about Bibby so much as it is about the terrible reputation this team has around the league, a reputation that is not going to be fixed by 1 winning season. It's an issue that is going to come into play as we try to reach the next level, but being we are so far away from that right now anyway I suppose it's not time to bring it up yet.

[jimij]

Go Ernie, but what does it say about this franchise that a player is willing to give up $6.2 million to get out of here?

Yeah, so about Dwight signing here again.. not happening until this franchise does some serious image rehabilitation.

He's 32 years old, career is winding down, he's made over $100 million, which means he doesn't need the money that badly. He still got a chunk of change out of the buyout. I'm sure he's going to re-coup that money eventually though.

Okay, but the argument cannot be that he is desperate for a ring. The guy had no problem playing for the Hawks and was not requesting a buyout there. Atlanta is a 1st/2nd round exit at best. So I don't buy that he simply wants to ring chase. He was disappointed to be traded here and I think it has a lot more to do with our franchise reputation than our record. See: Drew Gooden, Zydrunas Illgauskas, and I'm sure the list will go on. Vets do not want to play here for one reason or another.

I don't think you can lump Bibby in with the others since the situations are completely different.

Last year we were a moribund team with no owner , a gun scandal and no future. This year we're still a bottom dwelling team, but we've got a positive new owner, a franchise player in Wall and hope.

Bibby not just ring chasing, he wants to play. If he goes to Miami he knows he could start for a contender. That beats being the backup behind Wall any day of the week.

I think it's more like vets didn't want to play here but look at both Howard and Lewis - both seem perfectly happy to be Wizards. We won't know for sure until the next couple of offseasons pass but I do think players understand that this isn't quite the same Wizards team.

[Rafael122]

I'd smile too if I were making $20 million in a year.

Ace - our cap space last year eventually netted us a couple of draft picks and prospects. I wouldn't be surprised if we made a run at a free agent in 2012. That seems to be the next big year.

[AceDegenerate]

I agree that this is a great move, I just think there is more to Bibby giving up that $ amount than some here are stating. Time will tell won't it, it's not really a discussion for now considering how bad this team is, but I truly believe this team has a bad rep that we are going to have to own up to eventually.

[nate33]

Kudos, not a big fan of his work up to the trade deadline last year, but he deserves executive off the year simply by virtue of being able to dump Arenas.

Wow, anyone know the last time a GM won executive of the year for a team with 1 road win with 20 games left in the season? The last time a GM won executive of the year with less than 20 wins?

There is some serious delusions on this forum. We all seem to love Cap space here, even though we will most likely do nothing with it. Strange.

That's a interesting point. It's kinda funny to mention EG as an Executive of the Year candidate considering our record, but I actually think he is in the running. EG has dumped an incredible amount of salary in a very short period of time while acquiring a handful of decent picks/prospects in the process.

In the past full year, he has turned about $150M in bad contracts (Arenas, Jamison, Butler, Stevenson) into Seraphin, Crawford, Booker, the #20 pick in this draft, and Lewis' $50M salary obligation. In total, EG saved $100M while picking up four first round picks. And all the guys he has sent away have done bupkis ever since.

[closg00]

Great News, the immediate buyout was what was best for Bibby as-well, he wanted it. Kudos to Ernie for the deal all-round. Obviously they bring-back Shakur for the rest of the year.

[Spence]

We all seem to love Cap space here, even though we will most likely do nothing with it. Strange.

There will be something useful to do with all that cap space. The Wiz will be about $20 million under the salary cap. Even if it is only more BOYD deals, the Wizards should benefit from it.