Stein: Sources say San Antonio had to officially waive Duncan for cap reasons

[NASpurs]

[ninjaskrzypek]

I'm confused on what that means.

[Leetonidas]

So they paid him his full salary and he isnt stretched over 3 years now?

[vander]

That just ain't right

[Chinook]

So they paid him his full salary and he isnt stretched over 3 years now?

Nah, because that wouldn't affect the cap. They almost certainly stretched him if he's getting anything. Remember, though, that contracts are automatically stretched in terms of real money. It's only the cap hits that get changed.

[Jdspur20]

Hmmm, so his whole 6.5 mil will count against the cap?

[Dex]

I'm sure someone will correct me if I'm wrong, but I believe they had to formally waive his contract in order to use the stretch provision, which allows them to pay out his contract over the next three years.

Doing so should allow the Spurs the cap space they need to sign Gasol.

Marc Stein makes it sound like the Spurs were forcing Timmy out, but I'm sure that is not he case. Everybody knows Tim Duncan IS the Spurs...if he wanted to stay, they would've found a way to make it happen, even if it meant giving up on Gasol or moving another piece like Mills.

I think on the surface, though..."Spurs waive Duncan" does have a certain amount of shock value, even if it is all just cap gymnastics.

[spurs10]

I'm sure someone will correct me if I'm wrong, but I believe they had to formally waive his contract in order to use the stretch provision, which allows them to pay out his contract over the next three years.

Doing so should allow the Spurs the cap space they need to sign Gasol.

Marc Stein makes it sound like the Spurs were forcing Timmy out, but I'm sure that is not he case. Everybody knows Tim Duncan IS the Spurs...if he wanted to stay, they would've found a way to make it happen, even if it meant giving up on Gasol or moving another piece like Mills.

I think on the surface, though..."Spurs waive Duncan" does have a certain amount of shock value, even if it is all just cap gymnastics.

This is how I understand it. They put out an article in the SA paper about this several days ago foreshadowing what is happening. Told people 'don't be alarmed' which many found alarming!

[BillMc]

Nah, because that wouldn't affect the cap. They almost certainly stretched him if he's getting anything. Remember, though, that contracts are automatically stretched in terms of real money. It's only the cap hits that get changed.

So, if he's stretched automatically when waived, (if I understand you right), what is the advantage of waiving him?

EDIT: Just saw Dex's post. No need to reply. Thanks.

[Ron Swanson]

Vet minimum contract with the Dubs after the All Star Break.

ST implodes.

[tbdog]

So, if he's stretched automatically when waived, (if I understand you right), what is the advantage of waiving him?

EDIT: Just saw Dex's post. No need to reply. Thanks.

When you waive someone, you stretch their contract out. The player still gets the contract, but the cap hold of the player is lowered. For example, Pistons waived Josh Smith, who had 2 years and 27mil owing. So instead of the Pistons having 13.5mil on the cap taken up per year for 2 years, they stretch it so they have 5.4mil until 2020.

[cutewizard]

When you waive someone, you stretch their contract out. The player still gets the contract, but the cap hold of the player is lowered. For example, Pistons waived Josh Smith, who had 2 years and 27mil owing. So instead of the Pistons having 13.5mil on the cap taken up per year for 2 years, they stretch it so they have 5.4mil until 2020.

omg

[BillMc]

When you waive someone, you stretch their contract out. The player still gets the contract, but the cap hold of the player is lowered. For example, Pistons waived Josh Smith, who had 2 years and 27mil owing. So instead of the Pistons having 13.5mil on the cap taken up per year for 2 years, they stretch it so they have 5.4mil until 2020.

Cheers. Many thanks for the clarification.

[cutewizard]

So, now we can sign Gasol>??

And, more importantly, can we sign someone else???

[Old School 44]

Vet minimum contract with the Dubs after the All Star Break.

ST implodes.

As much as I'd like Tim to comeback mid season with the Spurs (not Dubs), if I'm not mistaken, you can't unretire in the same season.

[Ron Swanson]

As much as I'd like Tim to comeback mid season with the Spurs (not Dubs), if I'm not mistaken, you can't unretire in the same season.

I know. It was just a joke.

[FromWayDowntown]

For whatever it's worth, this wasn't just some report. The league's transactions page for yesterday shows:

"San Antonio Spurs waived forward Tim Duncan"

http://stats.nba.com/transactions/

Basketball-Reference handled it a bit more, um, reverentially. His career transactions (in its totality) on B-R is a beautiful thing:

June 25, 1997: Drafted by the San Antonio Spurs in the 1st round (1st pick) of the 1997 NBA Draft.

July 9, 2015: Signed a multi-year contract with the San Antonio Spurs

July 11, 2016: Announced retirement.

http://www.basketball-reference.com/...duncati01.html

[tbdog]

So, now we can sign Gasol>??

And, more importantly, can we sign someone else???

1. Yes.
2. Only min contracts. We are right on the edge, and we are still unsure what Manu is getting. The Spurs will probably go over cap to sign manu and we will have to stay under next season to avoid consecutive year tax penalty. With our starting 5 plus Anderson all tired up, we would have about 25 to 30 mil to play around with, which is enough to get someone like Westbrook or two of say Gibson/Teague/Tyreke Evans/Red type of players. Again depends on Manu and his deal, he might want a guaranteed 2 years .

[cutewizard]

1. Yes.
2. Only min contracts. We are right on the edge, and we are still unsure what Manu is getting. The Spurs will probably go over cap to sign manu and we will have to stay under next season to avoid consecutive year tax penalty. With our starting 5 plus Anderson all tired up, we would have about 25 to 30 mil to play around with, which is enough to get someone like Westbrook or two of say Gibson/Teague/Tyreke Evans/Red type of players. Again depends on Manu and his deal, he might want a guaranteed 2 years .

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Thanks man!

So, with whatever budget we have left, whom do you foresee can we afford?

Thomas Robinson perhaps? Another wing perhaps?

[FvckMavs]

1. Yes.
2. Only min contracts. We are right on the edge, and we are still unsure what Manu is getting. The Spurs will probably go over cap to sign manu and we will have to stay under next season to avoid consecutive year tax penalty. With our starting 5 plus Anderson all tired up, we would have about 25 to 30 mil to play around with, which is enough to get someone like Westbrook or two of say Gibson/Teague/Tyreke Evans/Red type of players. Again depends on Manu and his deal, he might want a guaranteed 2 years .

Don't think Spurs will give Manu two years guaranteed.

[tbdog]

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Thanks man!

So, with whatever budget we have left, whom do you foresee can we afford?

Thomas Robinson perhaps? Another wing perhaps?

Well there are still teams with plenty of space left, and there is cap floor, which means that if they don't reach the cap floor, they have equally pay the gap to all players in the team, so you will find anyone else with talent that won't hurt their youth movement might get some decent 1 year deals. So teams like Nets, Sixers, and Suns have a big chunk to hand out. However, luckily for us, at least Sixers and Suns are set at the bigs position, so players like Thomas Robinson could be had. But I am sure there is a team available out there they will give a player like T Rob a better contract than the min. I recommend Q Acy.

[tbdog]

Don't think Spurs will give Manu two years guaranteed.

Spurs won't exactly say no, but I see them giving him a bigger one year deal than match it over 2 years to avoid having anything extra on the books when retirement is likely after next season.

[montgod]

As much as I'd like Tim to comeback mid season with the Spurs (not Dubs), if I'm not mistaken, you can't unretire in the same season.

I know this was a joke, but actually, I believe you can unretire as long as you go to the same team you left. The one instance I remember was when Jason Williams retired and then tried to unretire and go to a different team. It was rejected and he had to wait till the next year to go to a different team.

[GSH]

So they just "revealed" what people on ST have been saying for a month. He retired, but they had to officially waive him. BFD. Every person who reads this forum should have known this was just a formality that had to happen, after Tim officially decided he wasn't coming back.

It's just not a big deal. Tim saying he wasn't going to play anymore was the big deal. This is just about the accounting.

[Chinook]

So, if he's stretched automatically when waived, (if I understand you right), what is the advantage of waiving him?

EDIT: Just saw Dex's post. No need to reply. Thanks.

Yeah. I'm just saying that there's no option to not stretch Tim because he wants all his money this year. He will get it over three years no matter what the Spurs do. So the cap is the only consideration.

We can still keep our fingers crossed that someone claims him to get under the floor.