Double Dip

[Kori Ellis]

Can someone tell me what is the rule exactly on what percentage of their new contract an amnesty player actually gets? Why would McKie get 900K of 1.1M if he signs with the Nets and 1.6M of 2.5M if he signs with the Lakers?



McKie was thought to be close to agreement with New Jersey until the Lakers became involved last week. McKie is a Philadelphia native, which would make staying on the East Coast attractive.

However, having used or promised their exceptions to Jeff McInnis and Robert Traylor, the Nets have been offering McKie only the veteran's minimum of $1.1 million.

Under a formula that allows amnestied players to "double dip," getting their old salaries plus some of the money from their new teams, McKie would keep $900,000 of his salary from the Nets.

In comparison, McKie would keep $1.6 million from the Lakers. In either case, he would also get $6.5 million from his old team, the 76ers.

[Bruno]

Here is the answer (I think):

http://members.cox.net/lmcoon/salarycap.htm#52

A waiwed player who signs a new contract will earn the minimum salary for a one year vet ($641,748 in 05-06) + 50% of the excedent.
The other half will go to the old team.
For McKie and Nets : 0.7 + 0.5*(1.1-0.7) = 0.9
For McKie and Lakers : 0.7 + 0.5*(2.5-0.7)= 1.6

[Kori Ellis]

Thank you very much, Bruno. I had never seen the formula in print. I didn't know it was on Larry Coon's site already.

Sincere thanks.

[sickdsm]

"Next time, just take one dip and END IT!"

[SequSpur]

Is that an albegra equition?

[Dex]

Fuck the quadratic formula and the pythagorean theorem, too!

:pctoss