Great job Bruno. Thanks!
Needs updating here. I don't remember hearing about the option being picked up but I sure hope it was. One of our best bargains.
First post updated, let me know if I'm made some mistakes.
Expect Gee to be waived in about a week.
Great job Bruno. Thanks!
Needs updating here. I don't remember hearing about the option being picked up but I sure hope it was. One of our best bargains.
Fixed, Thanks.
Does the Simmons/ Quinn move have any impact on the cap or is it pro-rated vet. min plus pro-rated vet min?
It has a minimal impact, they both cost the same money to Spurs. The small impact is that during 5 days (from today to Tuesday), Spurs are paying both Simmons and Quinn. It will cost them $25,129.
Alright, who's got a recap of where we are with Temple now gone?
ShamSports.com has now the details of Green and Butler contracts. I've updated the first post.
Both players contract are great.
Danny Green has accepted a very Spurs' friendly contract. His contract next year is fully unguaranteed.
Spurs have used a part of their remaining MLE to sign Butler. Thanks to that he is under contract for two more years. These years are fully unguaranteed which is great for Spurs. To have Butler signing a contract like that, they have given him more money this year than a minimum contract ($125K instead of $55K). It a small price to pay given that Spurs remain below the tax threshold.
Spurs coaching staff will be able to evaluate both Green and Butler during the summer league (if there is one) and training camp for free. They won't have to rush things to evaluate them which is great for them.
Nice. Butler could be an awesome steal if he comes back all the way from his injury.
The Spurs FO has been so Jekyll and Hyde lately when it comes to things like this. They either get a great deal or overvalue players and sign them to a bad deal.
Also, it looks like the Spurs are using some good psychology with Butler's contract. The fact that $700K+ for the 2011-12 season is unguaranteed gives Butler some motivation and an incentive. He will have to work hard this summer in order to earn next season's paycheck.
Yeah, that was a nice move. Low-risk, high-reward.
Too bad we're still stuck with Jefferson and Bonner contracts.
BrunoShamSports.com has now the details of Green and Butler contracts. I've updated the first post.
Both players contract are great.
Danny Green has accepted a very Spurs' friendly contract. His contract next year is fully unguaranteed.
Spurs have used a part of their remaining MLE to sign Butler. Thanks to that he is under contract for two more years. These years are fully unguaranteed which is great for Spurs. To have Butler signing a contract like that, they have given him more money this year than a minimum contract ($125K instead of $55K). It a small price to pay given that Spurs remain below the tax threshold.
Spurs coaching staff will be able to evaluate both Green and Butler during the summer league (if there is one) and training camp for free. They won't have to rush things to evaluate them which is great for them.
What is the Spurs financial situation for the next season ?
I heard we are going to pay the lux tax unless Timmy restructure his contract. But if Mcdyess retires, wouldnt it let the Spurs below the lux tax ?
If Dice retire, Spurs will still pay him the guaranteed part of his contract ($2.64M).
If what is expected happens (Dice retire, Spurs keep Blair and neal), Spurs payroll will be $70.3M for 10 players (Parker, Hill, Ginobili, Neal, Jefferson, Anderson, Blair, Bonner, Duncan and Splitter). Even if Spurs fill their roster in the cheapest way possible, they payroll will be at least $72M.
There will have a new CBA so it's hard to tell about the precise effect of that payroll. However, it's not good. $72M is a ton of money for team like Spurs with a small market and who isn't a true contender anymore. Don't expect Spurs spending a lot this summer. You should be even be ready to see some financial moves like Spurs trading their 29th pick for some cash.
Duncan restructuring his contract could help to give Spurs some flexibility but even with that, Spurs are in a though spot financially wise with a lot of big long term contracts.
Look at this Bruno
http://www.redsarmy.com/home/2010/06...ap-figure.html
It basically explains the Rashed Wallace situation last season. (i guess we have the same situation with Dice right?)
They say if the player files retirement paper, he forfeits any remaining salary and the salary come off the team's book.
I mean, its just too weird to still pay a player if he retires.
Of couse u know a lot more than i do about NBA salaries and stuff so i just would like to know how all the Dice situation works
ty in advance
Last edited by elemento; 05-07-2011 at 07:47 PM.
That's true.
When a player retires without medical reason, he has to forfeit his remaining salaries.
Dice is a special case.
In 2009, when he signed with Spurs, he clearly stated that he wanted to only play 2 more years. He should have signed a 2 years full MLE contract. However, Spurs wanted to keep a part of their MLE to sign DeJuan Blair to a long term contract (4 years while LLE or min contracts are limited to 2 years). Spurs made a gentlemen agreement with Dice: instead of 2 years full MLE, he signed for less than the full MLE but with a third year partially guaranteed to cover the loss in salary of the first two years of his contract.
After 2 years, Dice effectively want to retire. Spurs should and will respect the gentlemen agreement they made with him.
I did not know about this gentleman agreement.
Now i got it !
Man the more i know about it, the more i get upset about Richard Jefferson and Matt Bonner contracts.
Anyway, ty for the explanation !
I came across something in Coon's cap faq that makes me wonder about some scenarios I've heard with Duncan in the media and on the board. It might have been addressed and I just missed it.
For instance on the NBA Today podcast they were talking this past week about Duncan doing his ETO and just getting a different deal over more years. Makes sense. Jefferson had a player's option iirc and did something simliar unfortunately.
But I saw this in Coon's faq about the differences between a Player's Option and an ETO:
Does that mean that the Spurs wouldn't be able to work a smaller deal with Duncan, like 3/35 or something like that? Being over the cap, would the Spurs not have enough room to give him an extension . . . or would they still have their Bird rights and could give him a "new" deal like people are discussing and the quoted portion doesn't matter?A contract with a player option can be extended when the option is not exercised. A contract with an ETO may not be extended if the ETO is exercised.
That's something I didn't knew and it's not a good news for Spurs.
It means that Duncan won't be able to opt out and then immediately after it sign a more reasonable contract extension. If Duncan agrees to restructure his contract, he will have to opt out before July 1st and then wait either the end of the July moratorium or the end of the lockout to sign a new deal.
I don't know if Duncan would use his ETO if there isn't a new CBA agreed by the end of June. It will be very risky for him to walk away from $21.2M and wait an undisclosed amount of months before being able to sign a new contract. For example, what would happen if he had a career ending injury in a practice during the lockout? Does Tim trust Spurs enough to think that they will stick to their word and give him something like $30M while he is done?
If next year is lost to the lockout would the contracts just move on to the next year? In other words RJ would only have two more years under contract, rather than three?
Correct.
Might there be a way around this? Say maybe trade him to a team under the cap for a Second Round pick and offer to pay the guaranteed portion, after which Dyess then retires...sort of like Bowen did once traded
Depends on your goal. Are you seeking to decrease tax liability or improve the roster?
Improving the roster should be the number one goal, but the way I asked that question made it seem more about the liability issue
if timmy opts out and dice retires, should that clear 26 mil on the payroll? coz timmy makes 21mil and dice makes 5 mil....
Timmy opting out has no effect, since there would be a "cap hold" placed on the Spurs equal to at least his salary, if not more. Every loophole you think you see, some team has used, and then the NBA closed it. Phoenix once let all of their contracts expire, signed some new players, and then re-signed their own. That was the end of that. Each player now has a cap figure, even when they are a FA, until they are signed, re-signed, or renounced. In addition, each empty slot has a cap hold of a minimum salary figure.
asked shamsports the same question and sham says it clears 23 million....
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