Wiz expected to resign Gooden to minimum

mhd · Post #1 » by **mhd** » Tue Jul 1, 2014 1:13 am

Per Bulletsforever (from a Marc Spears Report):

http://www.bulletsforever.com/2014/6/28 ... on-wizards

Also, the article mentions that Al Harrington will be a SL coach.

Deivy202 · Post #2 » by **Deivy202** » Tue Jul 1, 2014 1:19 am

Good move

JWizmentality · Post #3 » by **JWizmentality** » Tue Jul 1, 2014 1:29 am

Woot woot! :guitar:

TGW · Post #4 » by **TGW** » Tue Jul 1, 2014 1:46 am

championship

FAH1223 · Post #5 » by **FAH1223** » Tue Jul 1, 2014 2:12 am

The only good move of the offseason probably

Bucks still paying Gooden via amnesty so it always made sense to keep him after his play at the end of the year

Post #6 » by **miller31time** » Tue Jul 1, 2014 2:19 am

Solid move. Glad Gooden was willing to accept less than he's worth and a rare props to Ernie for not automatically throwing him a max contract.

AFM · Post #7 » by **AFM** » Tue Jul 1, 2014 2:50 am

miller31time wrote:Solid move. Glad Gooden was willing to accept less than he's worth and a rare props to Ernie for not automatically throwing him a max contract.

Wasn't he amnestied? So it doesn't matter what the wizards pay him.

JWizmentality · Post #8 » by **JWizmentality** » Tue Jul 1, 2014 3:06 am

miller31time wrote:Solid move. Glad Gooden was willing to accept less than he's worth and a rare props to Ernie for not automatically throwing him a max contract.

Scary thing is...Ernie might have considered it.

hands11 · Post #9 » by **hands11** » Tue Jul 1, 2014 4:05 am

AFM wrote:
miller31time wrote:Solid move. Glad Gooden was willing to accept less than he's worth and a rare props to Ernie for not automatically throwing him a max contract.

Wasn't he amnestied? So it doesn't matter what the wizards pay him.

And haven't we written about this about 100 times ?

Our good friend Mr Gooden is making $6,680,000 next year plus what the Wizards pay him. Sure he could have hunted down some more cash but Gooden has honor. He is loyal to the fact that the Wizards gave him another chance when no one else would. Now next year will be a different story. Then he will only get what his contract pays him and I expect he would ask for more.

But hey. Breaking news. Worth a new thread.

AFM · Post #10 » by **AFM** » Tue Jul 1, 2014 4:19 am

Really good post, hands. Thanks.

Post #11 » by **miller31time** » Tue Jul 1, 2014 5:29 am

AFM wrote:
miller31time wrote:Solid move. Glad Gooden was willing to accept less than he's worth and a rare props to Ernie for not automatically throwing him a max contract.

Wasn't he amnestied? So it doesn't matter what the wizards pay him.

Correct but that doesn't stop him from fielding bigger offers, which he didn't. As hands so eloquently put, he seems to respect the fact that the Wiz gave him a chance.

Post #12 » by **montestewart** » Tue Jul 1, 2014 5:42 am

miller31time wrote:
AFM wrote:
miller31time wrote:Solid move. Glad Gooden was willing to accept less than he's worth and a rare props to Ernie for not automatically throwing him a max contract.

Wasn't he amnestied? So it doesn't matter what the wizards pay him.

Correct but that doesn't stop him from fielding bigger offers, which he didn't. As hands so eloquently put, he seems to respect the fact that the Wiz gave him a chance.

A bigger offer wouldn't make a difference to his payday, right? Any extra money would be deducted from what the Bucks owe, right? (maybe I have this part wrong.) At PF, the Wizards have a starter who has averaged less than 1600 minutes the last three years and did not pick up Booker's QO. This is likely the best place for Gooden to get minutes and try to earn his next contract. Plus, they just went to the second round in the playoffs. I'm not seeing loyalty so much as common sense, and while Gooden is a little odd, he doesn't seem to be an idiot.

Post #13 » by **miller31time** » Tue Jul 1, 2014 5:45 am

montestewart wrote:
miller31time wrote:
AFM wrote:
Wasn't he amnestied? So it doesn't matter what the wizards pay him.

Correct but that doesn't stop him from fielding bigger offers, which he didn't. As hands so eloquently put, he seems to respect the fact that the Wiz gave him a chance.

A bigger offer wouldn't make a difference to his payday, right? Any extra money would be deducted from what the Bucks owe, right? (maybe I have this part wrong.) At PF, the Wizards have a starter who has averaged less than 1600 minutes the last three years and did not pick up Booker's QO. This is likely the best place for Gooden to get minutes and try to earn his next contract. Plus, they just went to the second round in the playoffs. I'm not seeing loyalty so much as common sense, and while Gooden is a little odd, he doesn't seem to be an idiot.

Wait, so he'd have to wait until his Bucks contract is up for him to start collecting money? I thought the Bucks were the ones in the hole here and that any contract Gooden signed afterwards was gravy.

Post #14 » by **montestewart** » Tue Jul 1, 2014 5:53 am

miller31time wrote:Wait, so he'd have to wait until his Bucks contract is up for him to start collecting money? I thought the Bucks were the ones in the hole here and that any contract Gooden signed afterwards was gravy.

My understanding is that the Bucks are on the hook for his full contract, and can deduct the value of post-amnesty contracts from what they owe during the life of the amnestied contract. Isn't that why Blatche makes public staements about why he signs for the minimum, so he can stick it to the Wizards. (That's assuming, of course, that he could sign somewhere for more.)

I wonder what happens if you are amnestied and some team wants to offer you a max contract? Wake up, all you amnesty experts! This is important!

closg00 · Post #15 » by **closg00** » Tue Jul 1, 2014 12:12 pm

miller31time wrote:Solid move. Glad Gooden was willing to accept less than he's worth and a rare props to Ernie for not automatically throwing him a max contract.

Amen!!

Dat2U · Post #16 » by **Dat2U** » Tue Jul 1, 2014 12:22 pm

Along with declining the Booker option this is the 2nd good move of the offseason.

Ideally Gooden is your 5th big, especially with Nene's injury woes, so depth is needed. We still need another PF IMO. Hopefully we can find a significant defensive upgrade for Booker.

hands11 · Post #17 » by **hands11** » Tue Jul 1, 2014 1:00 pm

montestewart wrote:
miller31time wrote:Wait, so he'd have to wait until his Bucks contract is up for him to start collecting money? I thought the Bucks were the ones in the hole here and that any contract Gooden signed afterwards was gravy.

My understanding is that the Bucks are on the hook for his full contract, and can deduct the value of post-amnesty contracts from what they owe during the life of the amnestied contract. Isn't that why Blatche makes public staements about why he signs for the minimum, so he can stick it to the Wizards. (That's assuming, of course, that he could sign somewhere for more.)

I wonder what happens if you are amnestied and some team wants to offer you a max contract? Wake up, all you amnesty experts! This is important!

This has been posted a few times and I used to know the exact answer but its something like this.

You get amnestied and go on waivers and if a team pays you 2, 3, 4, etc right off waivers, that comes right off the contract that was amnestied.

If you clear waivers, you are an UFA. At that point all the money comes from the other team except their is a formula something like salary - (new contract vet min/2)

65. How do released players apply to team salary? What is set-off?
http://www.cbafaq.com/salarycap.htm#Q15

The amount the original team gets to set off is limited to one-half the difference between the player's new salary and the minimum salary for a one-year veteran (if the player is a rookie, then the rookie minimum is used instead).

So if Gooden signs for vet min..

So Gooden is (6,680,000 - ($1,448,490 - $1,448,490/2)) = 6,680,000

In this case MIL is on the hook for everything and he makes 8,128,490

If he made say 3M on the open market then

(6,680,000 - ($3,000,000 - $1,448,490/2)) = 5,904,225 ( would would save MIL $775,775 )

And Gooden would make 9,680,000

So he is leaving about 1.5M on the table and that save the Wizards 775,775 and money and cap but he is still making 8.1M next year and if things go well, he will get another contract after this one. And since its a vet min, its even better because he can be signed over the cap and the league helps by paying half. I think that still applies here but I could see how the league wouldn't apply the paying half part.

Anyone know the answer to that?

payitforward · Post #18 » by **payitforward** » Tue Jul 1, 2014 1:02 pm

hands11 wrote:
AFM wrote:
miller31time wrote:Solid move. Glad Gooden was willing to accept less than he's worth and a rare props to Ernie for not automatically throwing him a max contract.

Wasn't he amnestied? So it doesn't matter what the wizards pay him.

And haven't we written about this about 100 times ?

Our good friend Mr Gooden is making $6,680,000 next year plus what the Wizards pay him. Sure he could have hunted down some more cash but Gooden has honor. He is loyal to the fact that the Wizards gave him another chance when no one else would. Now next year will be a different story. Then he will only get what his contract pays him and I expect he would ask for more.

But hey. Breaking news. Worth a new thread.

I don't think there was a way for him to get more cash, was there? Not unless someone was going to pay him *more* than his Milwaukee contract.

IOW, he's doing to Milwaukee what Blatche did to the Wizards. Not sure how "honor" fits in to this scenario!

But, great to have him; it'd be hard to get more for a veteran minimum salary than we're likely to get from Drew Gooden! Keep him to 15 minutes a game, and we might get a whole good season out of him.

Post #19 » by **Rafael122** » Tue Jul 1, 2014 1:07 pm

payitforward wrote:
hands11 wrote:
AFM wrote:
Wasn't he amnestied? So it doesn't matter what the wizards pay him.

And haven't we written about this about 100 times ?

Our good friend Mr Gooden is making $6,680,000 next year plus what the Wizards pay him. Sure he could have hunted down some more cash but Gooden has honor. He is loyal to the fact that the Wizards gave him another chance when no one else would. Now next year will be a different story. Then he will only get what his contract pays him and I expect he would ask for more.

But hey. Breaking news. Worth a new thread.

I don't think there was a way for him to get more cash, was there? Not unless someone was going to pay him *more* than his Milwaukee contract.

IOW, he's doing to Milwaukee what Blatche did to the Wizards. Not sure how "honor" fits in to this scenario!

But, great to have him; it'd be hard to get more for a veteran minimum salary than we're likely to get from Drew Gooden! Keep him to 15 minutes a game, and we might get a whole good season out of him.

Yeah I keep reading online that it's great he took the vet minimum but he doesn't want to mess his money up. $7 million payout for him next year. Orlando is still paying Al Harrington.

payitforward · Post #20 » by **payitforward** » Tue Jul 1, 2014 1:10 pm

Dat2U wrote:Along with declining the Booker option this is the 2nd good move of the offseason.

Ideally Gooden is your 5th big, especially with Nene's injury woes, so depth is needed. We still need another PF IMO. Hopefully we can find a significant defensive upgrade for Booker.

Poor Dat... I think you'll be seeing Trevor Booker in a Wizards uni for several years to come!

Because he started so often, his qualifying offer rose from the listed $3.4m to $4.7m (the new CBA...). The Wizards didn't want to give him almost $5m for a year, only to make him an unrestricted FA at season's end. They are working on a new multi-year contract.

Now... you may still get lucky (and the Wizards unlucky), because he is unrestricted. So, if another team offers a richer contract he may still be gone. Then we can get your "defensive upgrade," and when we're a worse team for it, I'm sure you'll find another reason. It won't be because we replaced a guy who fills the stat sheet with... who?