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Re: DeJuan Blair signs three-year, $2.7 million contract
Spurs get Blair under contract
By Jeff McDonald
DeJuan Blair is ready to return to summer league action.
The Spurs have come to contract terms with Blair, the No. 37 overall pick in the June draft. Blair announced the completion of the deal on a televised interview with ESPN this morning. Spurs general manager R.C. Buford has confirmed the news.
The Spurs held Blair out of Tuesday's summer-league victory over Denver, in part to tie up loose ends in contract negotiations.
According to this report, Blair's deal is guaranteed for three years at a total of $2.7 million. If that is accurate, the Spurs will have given Blair a portion of their mid-level exception, meaning that contrary to previous reports, they did not give their full MLE to recent free-agent signee Antonio McDyess.
At any rate, Blair is expected to sign his deal sometime before 5:30 Las Vegas time, when the Spurs tip off their next summer league game against Oklahoma City.
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Re: DeJuan Blair signs three-year, $2.7 million contract
Quote:
Originally Posted by
duncan228
Spurs get Blair under contract
By Jeff McDonald
At any rate, Blair is expected to sign his deal sometime before 5:30 Las Vegas time, when the Spurs tip off their next summer league game against Oklahoma City.
It's feels good to sign and b a spur I am excited GO SPURS LOL!!!!!
-Dejuan Blair via Twitter
http://twitter.com/dejuan45
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Re: DeJuan Blair signs three-year, $2.7 million contract
Quote:
Originally Posted by
coyotes_geek
Here's what I think the Spurs did. A 3 year deal starting at full MLE, totalling $15 mil with a partial guaranteed 3yrd year would look like this.:
Yr 1 - $5.854
Yr 2 - $6.322
Yr 3 - $2.824 (the guaranteed portion only)
Total - $15.000
But the Spurs could have told Dyess they needed to save some of that MLE for Blair and then offered him a 3 year deal starting at something less than the MLE that would still net him the $15 mil over the 3 years. That would look like this:
Yr 1 - $4.630
Yr 2 - $5.000
Yr 3 - $5.370
Total - $15.000
This would save the Spurs around $1.2 mil of their MLE and guarantee Dyess his $15 mil, but Dyess would be taking a hit in years 1 and 2. However the CBA allows teams to take 20% of the contract value and pay that in the first year as a signing bonus. I won't get into all the mumbo jumbo on how all that works but you can read about it here.
http://members.cox.net/lmcoon/salarycap.htm#Q62
What it ends up working out to is that Dyess would actually be cashing checks as follows.:
Yr 1 - $6.630
Yr 2 - $4.000
Yr 3 - $4.370
Total - $15.000
Even though Dyess would end up recieving more money in the 1st year than the actual MLE, it works because the CBA states that a player's cap figure is equal to the amount he earns, not the amount he gets paid. There's a distinction here because Dyess is in essence getting paid money in the 1st year that he hasn't actually earned yet. But he doesn't care and the Spurs are okay with it because it allows them to save some of their MLE. It's win-win. This couldn't have happened without Dyess agreeing to it so we owe him our thanks.
Great job CG!
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Re: DeJuan Blair signs three-year, $2.7 million contract
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Re: DeJuan Blair signs three-year, $2.7 million contract
Quote:
Originally Posted by
hater
Blair is the shit
Damn right he is.
Cant.
Wait.
:hungry:
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Re: DeJuan Blair signs three-year, $2.7 million contract
Quote:
Originally Posted by
DMX7
Somebody tell Blair that's not how you're supposed to do that chant. :lol
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Re: DeJuan Blair signs three-year, $2.7 million contract
GO SPURS L O L
I can see it working.
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Re: DeJuan Blair signs three-year, $2.7 million contract
Quote:
Originally Posted by
EricB
GO SPURS L O L
I can see it working.
Good luck getting the fans to do anything out loud :lol
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Re: DeJuan Blair signs three-year, $2.7 million contract
Nice, that is a fair deal.
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Re: DeJuan Blair signs three-year, $2.7 million contract
Quote:
Originally Posted by
tp2021
Good luck getting the fans to do anything out loud :lol
They're loud when the games mean something.
I can't say I'm loud in the middle of November against the Memphis Grizzlies.
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Re: DeJuan Blair signs three-year, $2.7 million contract
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Re: DeJuan Blair signs three-year, $2.7 million contract
Don't quote me on this because these numbers are third hand from an agent but he says the numbers he has heard for McDyess' contract are as followed:
Quote:
2009-10: $4,510,000
2010-11: $4,690,000
2011-12: $2,500,000
With the third year having another $2,500,000 in unguaranteed money.
If those numbers are accurate, which I have no idea if they are or not, that's a hell of deal for McDyess :wow
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Re: DeJuan Blair signs three-year, $2.7 million contract
Wow. If that's true that's only $11.7 guaranteed. Full MLE is $5.85. Looks like the Spurs just pony up 2 years worth of full MLE money but get to spread it out over 3 years.
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Re: DeJuan Blair signs three-year, $2.7 million contract
The reason why they signed him so quick is if you noticed he did not play the 2nd game in the Summer League. He advised the Spurs he would not play again until his contract was finalized.
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Re: DeJuan Blair signs three-year, $2.7 million contract
Quote:
Originally Posted by
coyotes_geek
Wow. If that's true that's only $11.7 guaranteed. Full MLE is $5.85. Looks like the Spurs just pony up 2 years worth of full MLE money but get to spread it out over 3 years.
I haven't checked the CBA but do you know if teams are allowed to change the growth percentage in the contract like that? In that supposed McDyess contract, the raise from the first year to the second year is smaller than the second year to the third year.
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Re: DeJuan Blair signs three-year, $2.7 million contract
Quote:
Originally Posted by
coyotes_geek
Wow. If that's true that's only $11.7 guaranteed. Full MLE is $5.85. Looks like the Spurs just pony up 2 years worth of full MLE money but get to spread it out over 3 years.
and if they trade him in year 3 in offseason do not even have to pay the 2full mle to him
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Re: DeJuan Blair signs three-year, $2.7 million contract
Quote:
Originally Posted by
CHRIS7013
The reason why they signed him so quick is if you noticed he did not play the 2nd game in the Summer League. He advised the Spurs he would not play again until his contract was finalized.
False. The Spurs and his agent were close to a deal before the game and the Spurs decided to move up his rest day since he had to have another physical before signing his deal. Blair wasn't aware he wasn't going to play until right before the tip.
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Re: DeJuan Blair signs three-year, $2.7 million contract
Quote:
Originally Posted by
timvp
I haven't checked the CBA but do you know if teams are allowed to change the growth percentage in the contract like that? In that supposed McDyess contract, the raise from the first year to the second year is smaller than the second year to the third year.
I haven't checked either but I'm pretty sure you can so long as you're not exceeding the 8% jump between any two seasons.
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Re: DeJuan Blair signs three-year, $2.7 million contract
We don't know if we have the real numbers or not, but hyothetically if the Spurs got Dice and Blair for great prices, could they split the MLE three ways if there was still something left?
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Re: DeJuan Blair signs three-year, $2.7 million contract
No it is true..........
Spurs Sit DeJuan Blair in Summer League
http://www.hoopsworld.com/images/spacer.gif
Posted: 7/15/2009 5:55:00 AM
Blair, a second-round pick out of Pittsburgh, was held for contractual reasons. As in, he doesn't have one, and doesn't want to risk injury until he does.
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Re: DeJuan Blair signs three-year, $2.7 million contract
Quote:
Originally Posted by
zepn
We don't know if we have the real numbers or not, but hyothetically if the Spurs got Dice and Blair for great prices, could they split the MLE three ways if there was still something left?
Depends how Blair's contract is structured (I'm trying to find that out now). But even in the best case scenarios, there's barely anymore room.
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Re: DeJuan Blair signs three-year, $2.7 million contract
Quote:
Originally Posted by
CHRIS7013
No it is true..........
Spurs Sit DeJuan Blair in Summer League
http://www.hoopsworld.com/images/spacer.gif
Posted: 7/15/2009 5:55:00 AM
Blair, a second-round pick out of Pittsburgh, was held for contractual reasons. As in, he doesn't have one, and doesn't want to risk injury until he does.
link?
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Re: DeJuan Blair signs three-year, $2.7 million contract
Quote:
Originally Posted by
CHRIS7013
No it is true..........
Spurs Sit DeJuan Blair in Summer League
http://www.hoopsworld.com/images/spacer.gif
Posted: 7/15/2009 5:55:00 AM
Blair, a second-round pick out of Pittsburgh, was held for contractual reasons. As in, he doesn't have one, and doesn't want to risk injury until he does.
:lol Alright, believe what you want.
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Re: DeJuan Blair signs three-year, $2.7 million contract
Roughly, Blair's contract starts with a $835K salary for 2009-10 if it's "normal" (max raises each year). Combined with McDyess' rumored salary, that would be a combined $5.345 mil. So the Spurs would have something like $555K left over out of the MLE.
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Re: DeJuan Blair signs three-year, $2.7 million contract
