Orlando claimed Chris Copeland off waivers

[Swiftraven]

We were over the cap already, but under the salary floor due to a big chunk of the cap being eaten up by the Channing TPE. We got to the floor by claiming him and sticking his deal into that TPE. If someone else now claims him we are back in the same situation where we would need to spend money to get over the floor.

The magic renounced Richardson and Green when they did the Tobias deal to get under the cap temporarily. That is so they could deal Jennings and or Ilysova individually if such an opportunity arose before the deadline. If they were above the cap when they did that deal then you can only flip them as a package deal, which is way less flexible.

Eric Pincus does the capology stuff for basketball insiders and is the new sham sports essentially. Guy knows his stuff.

[zelenooq]

Good,this will give more minutes to AG and hezonja -.-

[drsd]

After spent money hand over fist, the Magic have been in a responsible spending mode. By signing Copeland we hit the salary floor so we only have to pay what is left on his salary for the year instead of having to spend the full amount that we were under the floor.

Say for example you are under the salary floor by 1 million dollars today and don't do anything. If at the end of the year you are under by 1 million, you have to split that 1 million among your players.

Instead, if there is a free agent that makes 1 million for the year and you sign him today, he counts as 1 million against the cap and you reach the salary floor, but you only really pay out 300k or so in actual salary that he has left for the year. Therefore saving the franchise 600k+

The fact that we were over the cap but under the salary floor is one of those strange quirks when it comes to having TPE's.

Edit:
Bobby Marks discusses it here:
[tweet]https://twitter.com/BobbyMarks42/status/702648830119034880[/tweet]

The thing is that that 600k would have been divided up by the existing Magicians. So this procedural move actually cost real players real money.

As this money would have been distributed equally, 600k / 14 players = ~$43,000. per player. Sure that's candy money for Vučević, but at the other end, Dedmon makes "only" 940k this year. These moneys would thusly have been about a 5% increase in his pay.

Oh well.


..

[Xatticus]

Are there any specific penalties associated with not meeting the salary floor?

This otherwise seems a miserly bit of business.

The only other thing I can think of is that this is some sort of backroom deal that actually benefits the Bucks, but unless I am mistaken, they aren't anywhere near the penalty.

This is all a bit much for such a trivial transaction, but I've never seen a player claimed off of waivers for the purpose of waiving said player.

[magic321]

I still don't get it. Why would it have been bad to give each player more money on the team than give someone random money?

[Optimus_Steel]

I still don't get it. Why would it have been bad to give each player more money on the team than give someone random money?

The NBA is a business and this saves them some money.

[Flannerz]

Hopefully the money saved will go to paying off Skiles in the summer!

[Swiftraven]

After spent money hand over fist, the Magic have been in a responsible spending mode. By signing Copeland we hit the salary floor so we only have to pay what is left on his salary for the year instead of having to spend the full amount that we were under the floor.

Say for example you are under the salary floor by 1 million dollars today and don't do anything. If at the end of the year you are under by 1 million, you have to split that 1 million among your players.

Instead, if there is a free agent that makes 1 million for the year and you sign him today, he counts as 1 million against the cap and you reach the salary floor, but you only really pay out 300k or so in actual salary that he has left for the year. Therefore saving the franchise 600k+

The fact that we were over the cap but under the salary floor is one of those strange quirks when it comes to having TPE's.

Edit:
Bobby Marks discusses it here:
[tweet]https://twitter.com/BobbyMarks42/status/702648830119034880[/tweet]

The thing is that that 600k would have been divided up by the existing Magicians. So this procedural move actually cost real players real money.

As this money would have been distributed equally, 600k / 14 players = ~$43,000. per player. Sure that's candy money for Vučević, but at the other end, Dedmon makes "only" 940k this year. These moneys would thusly have been about a 5% increase in his pay.

Oh well.


..

The whole point was to save the organization money. All Rob talks about is fiscal responsibility and you know that comes from the top. After Otis, my guess is that he was told not to waste money when possible. This move saved them 300k+ so of course they did it.

[Swiftraven]

Are there any specific penalties associated with not meeting the salary floor?

This otherwise seems a miserly bit of business.

The only other thing I can think of is that this is some sort of backroom deal that actually benefits the Bucks, but unless I am mistaken, they aren't anywhere near the penalty.

This is all a bit much for such a trivial transaction, but I've never seen a player claimed off of waivers for the purpose of waiving said player.

It is a fake penalty. You just have to divide the difference up among your current players. You don't get fined or lose anything.
This just allowed them to save money. Copeland was going to get paid either way, it just changes who the check came from.

[Xatticus]

It is a fake penalty. You just have to divide the difference up among your current players. You don't get fined or lose anything.
This just allowed them to save money. Copeland was going to get paid either way, it just changes who the check came from.

I'm aware of that aspect of it. I was wondering if there was something additional, such as a club failing to meet the salary floor prohibiting them from benefiting from revenue sharing or some such.