HotelVitale wrote:gidget24 wrote:Well would you take a buyout knowing that the league probably values you $35 million less than what you are set to be paid next year. He has seen the 10 days that Cousins has been getting and we all know how Isaiah Thomas has been treated and even what is happening with Kemba Walker. His best play is to collect half of next years salary and take a buyout at the trade deadline and sign with a competitor for minimum. At $47M there won't be many contracts from contenders for Houston to match up in trade. League needs to enable teams to retain salary in trades, so Houston can retain X amount say $27M and take the cap hit for that in order to be able to match a $20M in contracts instead of a $47M in contracts in a trade and get something back in return instead of only having a buyout as a realistic option.
His buyout would still pay him well more than half of a season. Buyouts often shave off like $5-10m total off a max contract for a year or two. It generally has to be enough money to make it worth the team's while but there's also no reason a player is going to bother with that if it's going to cost them a huge chunk of their contract.
Also not sure why the league has to change anything, both Wall and the Rockets knew what they were getting into and are fine with it. The Rockets got a first rounder and got off of Westbrook in exchange for paying Wall to do nothing as the team rebuilds. Wall gets to keep his money, until (or if) he decides he'd rather give some back in exchange for being a free agent. I get that it's a little annoying that a decent player isn't playing because of a contract situation, but I don't think the CBA needs to prioritize accommodating the whims of guys making almost $50m a year.
It's an easy formula. You take the buyout if, and only if, the buyout is greater than (or equal to if he wants to play elsehwere) the value of the contract minus the salary that he could sign for elsewhere (likely the league minimum or one year), plus the increase in present value that Wall could get obtaining the lump sum now, versus getting it over the two year period of the contract.
And to hell with spreading my buyout over six seasons, unless you'll pay interest at a market rate on the money you're deferring. With a guarantee from a financially sound third part to eliminate my credit risk.
Sure, I'll take a buyout, but I'll only give you a discount of about $1-2 million. And if Houston doesn't like it, tough. I'll sit here and collect my check. I'll get healthy. And maybe I"ll play in 2024 or not. Like teams say all the time, this is a business.