Great news! Glad they got it done.
$40 mil/3 years is a tad high, but on the open market he was going to get at least $21 mil/2 years or, if a team was willing to give him 3 years (at least one non-Spurs team probably would have), then they would have offered him at least $31 mil/3 years. Who knows where the bidding war would have gone from there.
By overpaying a little now, the Spurs (and fans) have a lot more peace-of-mind, and the two sides reward each other for their loyalty. If the Spurs have accepted that they are paying the luxury tax next year, then it didn't matter much whether Manu got $12 mil or $4 mil next year. Beyond that, it may hamper their flexibility a bit, but they already had a TON of flexibility beyond this summer already, so they should still be in good shape money-wise.
Bottom-line: If Holt is truly going all-in, then all the talk and money from this past offseason meant next to nothing beyond 2009-10 if they didn't resign Manu Ginobili.
Spurs are chasing another ring... it is MY assumption that an announcement NOT to play in Turkey could only change if the Spurs go allt he way this year... I am guessing that that would make Pop and the organization more loose with him playing in the summer.
I'm assuming He won't if they don't win it all because he wouldnt risk anything for the next season to be able to win it all...
Again, he probably negotiated not playing in Turkey vs. doing so on the Olympics qualifier and London
Great news! Ginobili will retire where he should. Sign splitter, find a cheap shooter and next year's team will be set for the back to back run.
GREAT news.
Ginobili!!!...
Ginobili!!!...
Ginobili!!!...
Awesome news. I'm glad I don't have to sign all these paychecks. It seems a little high, but the details haven't been released. So who knows? He's been playing like a $10-12 million dollar player. He's making less than RJ and has been carrying the team as of late. He earned this contract with the play of these past couple of months.
Great job by Holt stepping up and paying the most exciting Spur!
Anyway they can write it up in his contract that he cannot play another summer of basketball until his contract ends???? J/K, but that would be awesome.
I'd think that this has more to do with Holt and Ginbobili agreeing that he'd not play anywhere else but for the Spurs, and not as much to do with his play as of late.
Either way, great news!
I think the $40M figure includes some partially guaranteed money in a 4th year. It's probably something like $35M/3 years, plus $5M guaranteed on the 4th.Great news! Glad they got it done.
$40 mil/3 years is a tad high
Great value (still). The Spurs have been lucky with Manu.
Kobe's pricetag is twice as much.
To the people who keep saying $40 M / 3 year is "high," please explain your rationale. What objective, quantifiable metric are you using to make that statement? It seems so arbitrary and subjective.
What should he have been paid per year? Something nearer the MLE? Are you guys suggesting that Ginobili deserves to be paid just a smidgen higher per year than the likes of antonio mcdyess?
Why does he deserve to take a pay cut, then (he's making $10.7 M this year) when every other spurs player is getting a pay increase over time?
We have a player who can drop 25+ on any given night with greater offensive efficiency than the likes of kobe bryant, and he does all of the other things that don't show up in box scores (taking key charges, making key stops, leaping out of bounds to save a loose ball with seconds left on the clock and allowing RJ to nail the game winning jumper against OKC) and we're getting him at a fraction of Kobe's price ($90M over 3 years, seriously) and you guys still think he's overpaid?
I guess I just don't understand, that's all. I'd like to hear everybody's reasoning.
All I'm saying is, my implied statement that $40M/3 years is "just right" is just as arbitrary and subjective as yall's statement that 40M/3 years is "overpaid," but I've made my case, I just want to hear the other side.
It's unfathomable to me that someone like Ginobili deserves only the MLE.
Yes, Manu doesn't go against the MLE. And dice and rj are already under contract. Thy leaves up to about 6 mil/year available for splitter.
That was my first thought as well, though I won't assume as much until I actually see it. 3 years with a 4th partially guaranteed makes a whole lot of sense for both sides, and an average salary of $10-12 mil per year falls a lot closer in line to what most of us were thinking.
they are saying that next year and year after Manu will regress so much or be injured, so he might not deserve that money.
In other words, they are talking out of their ass
Yessssssssssss!
so is this a sure thing? done deal? can we start celebrating??
Yeah celebrate. Ludden's sources are air tight.
yeah. I'm absolutely ecstatic. I hope it becomes official soon.
Wow.
It's like the Spurs woke up in Mid-March, looked around and decided it was a good time to go ahead and get serious.
My interest as a fan has awoken as well. Far more interesting now. Very pleased to hear Manu will be back and end his career here. It feels good.
I think this article explains it well. I'm not an expert on these "Reina value" ratings, but according to this objective metric, Ginobili is "worth" $12 M / year
"Manu Ginobili is ranked 41st in season FIC during the 09-10 season, giving him a Reina Value of +12%, 'deserving' Samuel Dalembert's salary just over $12M. At an annual average of $13.3M, Ginobili will need to maintain his current level of play until he's 35 for the Spurs to recoup their investment. Because of the flood of teams with cap space, Ginobili could have very conceivably made more on the open market.
Because he spent his early 20s abroad, Ginobili doesn't have as many NBA miles on his almost 33-year-old legs as most players do at that age. Provided he's healthy, Ginobili is largely the same player has has been since the 04-05 season when he first had a TS% over .600. His PER that season was 22.3 and is now at 22.8, down a little from his peak years of 06-07 and 07-08, but his production and health after offseason ankle surgery has been a pleasant $40M surprise.
Ginobili still attacks the bucket as frequently as he always has, but has dropped off in his efficiency as a finisher here from where he was before the surgery. He looks to dish off when penetrating as much as he looks to finish and that has created a e in assist rate up to 28.2% (6.2 assists per 36 minutes, above his career average of 4.8 per 36).
He has recovered from his one-season slump from distance to shoot it at a clip of 39% in 09-10.
Defensively, Ginobili is largely still as good as he always has been.
Ginobili is one of the game's savviest players and will continue to be productive whenever he is healthy enough to be on the floor.
The Spurs undoubtedly will be overpaying a little bit in the third year of his extension when he's 35, but I think they will rest a little easier knowing they had him at below market value for the majority of his career. If Ginobili would have become a free agent, a desperate team with cap space could have offered him a balloon payment for 2010-11, leaving the Spurs completely vulnerable since they already are in cap . The 10-11 season will be as tax-laden as this season is with the San Antonio payroll just under $80M, but at least they will have Richard Jefferson coming off the books in the 2011 summer when Tony Parker becomes a free agent.
Grade for Spurs: B+
For Ginobili, this deal all but ensures he retires with San Antonio and also gives him the security he's earned by proving his health and value throughout a 09-10 season where he has been nearly as valuable to the team as Tim Duncan.
He struggled for much of the first half of the season, shooting 40.3% before the break and 48.7% after it. Ginobili and Herb Rudoy appear to be cashing in without a hometown discount on his late season resurgence and impeccable timing just shortly before he would have become an unrestricted free agent in a carnivorous summer.
Grade for Ginobili: A"
Sweet! Now lets go win us a championship!!
I can't speak for anyone who thinks Manu should be getting $5-7 million per year, but I've generally thought Manu's contract would be in the range of $7-10 million per year (the lower end of that scale being when he looked like a s of his former self earlier in the year, and/or a lesser amount accepted in order to receive a longer 3-4 year contract).
This rationale had little to do with Manu's actual play on the court. Manu is an absolutely spectacular player who gives a ridiculous amount of effort; if you went solely on that, he probably deserves to be a top 20 NBA player in terms of salary. However, the main concerns with Manu are age, injuries, and style of play.
-Most NBA swingmen begin to decline after their early 30s, so his long-term value has to be a concern, especially with additional miles put on by increased professional ball at an early age and long playoff runs.
-Manu has been fairly injury-prone recently, and some of those injuries have come at very inopportune times (i.e.- late in the season). A player's value goes down if he doesn't play 75+ games, especially if some of those games missed or impacted are in the playoffs.
-Manu's style of play is reckless and only has one gear. In most cases, that's an asset; however with an aging, injury-prone player, that can be a detriment and shorten the length of his career.
As I said, I'm thrilled about having Manu back next year and a couple years thereafter, even if the price tag turns out to be $40 million for 3 years. But teams have to take all things on and off the court into consideration, and for the reasons above the price tag might be a tad "high."
A lot better bargain than Bryant (30 million a year) and right now is playing as well as him if not better! (and Google - most clutch NBA player and it is Manu not Bryant that comes up!)
http://www.nba.com/2009/news/feature...ame/index.html
Last edited by Rummpd; 04-07-2010 at 03:16 PM.
Hmm I see, good points all around. I think your justification is sufficient for warranting a 7-10M "price tag" on Ginobili's value.
Now, I'd like to hear from the Ginobili for MLE or slightly above MLE posters try and argue that he's worth just $5.5 or 6 per year (even though it's obviously after the fact, but still). I'm looking at you ducks.
You've summed up all the risks associated with signing Manu and they account for the long wait for an extension.
Manu's recent play plus his incredible popularity in San Antonio, combined IMHO with a commitment to decline NT play this summer, made the risks associated with NOT signing Manu even greater.
Perfect storm for Manu and Rudoy.
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