No our specialty is SPAM...then bring home a championship, thats our specialty...the Cavs specialty is getting torched in the EC Finals or lit up in the NBA Finals.
They can't just void his contract. It's guaranteed. They have to waive him. He has to clear waivers. I haven't seen a "no money" option, but they could mutually agree to reduce his compensation protection to zero. Although, I don't think it's likely. He has one year guaranteed left, if I recall correctly, at 1,944,000. If they agree to say a 20% compensation, 20% of that 1,944,00 goes against cap, if someone picked him up on waivers.
Last edited by oligarchy; 07-27-2007 at 09:03 AM.
don't forget mahimni !
He should be on the spurs uniform the next season
What happened to Derek Fisher and the Jazz? Didn't they dissolve Derek's contract by mutual agreement?
Yep. And that's what will most likely happen here.
The Jazz waived Derek Fisher. He cleared waivers and then LA signed him.
San Antonio could do the same, since like Derek, most other teams know the surrounding cir stances and wouldn't pick up Spannoulis. Thus, it wouldn't cost us anything.
Only if someone else picked him up while on waivers. And, it doesn't necessarily mean "full hit." They could agree to a 20% guaranteed compensation if someone happened to pick him up. He has one year guaranteed and we would 20% of what was guaranteed for that year only (at least it counts against cap that year only.)
If we get Oduka we have 13 contracts. Oduka is not being signed to be on the IL. Beno or Brent of both have to go. Marcus Williams didn't show enough to get a regular contract. Mahimni makes sense as a big backup and Toros player. Unless we make a deal I think we will wait until training camp to see who becomes available.
Yeah. I wasn't thinking when I wrote that; the whole statement is re ed. What I mean is that we would only pay if someone picked him up off waivers, or we agreed to a percentage of his salary once he cleared waivers. Though, like Fisher, we could eliminate the compensation protection.
if you claim that Williams didn't show enough to get a contract, how can you claim in the same post that Ian should be signed????
Every article I have read uses the word released, not waived. Where are you getting your information that Fisher was waived and cleared waivers?
Jazz to Release Fisher from Contract
SALT LAKE CITY (July 2, 2007) – Utah Jazz senior vice president of basketball operations, Kevin O’Connor, announced today that guard Derek Fisher has requested that the team release him from his player contract due to his daughter Tatum’s ongoing medical condition.
“Derek will pursue an opportunity as a free agent with a team in a city that has highly specialized medical facilities in order to get the best possible care for his daughter. Derek has contributed greatly to the Utah Jazz organization and we are reluctant to see him go, but understand the importance of putting his family first,” said team owner Larry H. Miller.
Under the rules of the collective bargaining agreement, a player contract cannot be amended during the moratorium period that ends on July 11. The Jazz will enter into an agreement to release him from his contract as soon as the CBA allows.
Fisher (6-1, 211, Arkansas-Little Rock) has played in 782 regular season games over 11 seasons with the L.A. Lakers, Golden State and Utah and owns career averages of 8.7 points, 2.2 rebounds and 3.3 assists per game. He appeared in all 82 games in his lone season in Utah in 2006-07, averaging 10.1 points, 1.8 rebounds and 3.3 assists in 27.9 minutes per game. The Jazz acquired Fisher from Golden State in exchange for Devin Brown, Keith McLeod and Andre Owens on July 12, 2006.
That article from the Greek paper says he already signed a contract with their team over there, right? If so, I would hope that means he has no leverage with us and just needs to void it now. But I'm surprised Holt didn't ask them to buy him out, wouldn't that be awesome!
http://www.latimes.com/sports/la-spw...adlines-sportsDerek Fisher is scheduled to clear waivers Thursday at 3 p.m., meaning the Lakers can sign him at 3:01 p.m. if no other team claims him.
Fisher agreed in principle last week to return to the Lakers on a three-year contract worth about $14 million.
Fisher could be claimed by another team willing to award him the three years and almost $21 million left on his contract when Utah agreed to release him earlier this month, although that is considered a slim possibility.
http://sports.espn.go.com/nba/news/s...e=NBAHeadlinesFisher, who turns 33 on Aug. 9, cleared waivers Thursday, and the Lakers scheduled a news conference for Friday to announce his signing. The contract reportedly is a 3-year deal worth about $14 million.
59. What is a contract buy-out?
Sometimes players and teams decide to divorce each other. They do this by mutually agreeing that:
The team will waive the player;
If the player clears waivers, the compensation protection for lack of skill (see question number 90) will be reduced or eliminated;
Optionally the payment schedule for the remaining salary may be shortened or lengthened.
Thanks, oligarchy. I popped over to the Lakers site on NBA.com but their article didn't mention anything about the waiver. Strangely it also didn't mention anything about his daughter. But I guess it was just Laker PR trying to spend that the move was the front office trying to make the Lakers better.
Originally, it was reported that Fisher was going to temporarily not play basketball to care for his kid. I don't understand it really. It seems the Jazz understood why he wanted to leave, but then he signs with the Lakers.
He signed with LA because they have one of the best treatment centers (like top 2) in the country in LA for his daughter's illness.
Ahh.. so it was to find a team who had a good facility near it. It wasn't that he wasn't going to play.
According to the article Spanoulis has already agreed and signed his contract with Panathinaikos, but they'll wait for a week before submitting the new deal so he doesn't get into legal problems.
No problem.Yeah. I wasn't thinking when I wrote that; the whole statement is re ed. What I mean is that we would only pay if someone picked him up off waivers, or we agreed to a percentage of his salary once he cleared waivers. Though, like Fisher, we could eliminate the compensation protection.
While on the topic though, someone stated that he possibly signed a contract already with his team in Greece. This would not be possible if he has not already had his contract voided (or he was released/waived) with the Spurs and perhaps we are just waiting (for what, I don't know) to announce it officially.
Got a bit OT there and perpetuated it myself.
I'm not sure if "he signed" already, but maybe the agreement is just in place? I figure it might be reported already that he had been waived, "or let go" by the Spurs. There's a 7-day window after we waive him until he can actually sign a contract. I'll wait for a US press release.
Mahimni is a LIE!!!don't forget mahimni !
He should be on the spurs uniform the next season
Any news? Haven't heard anything the last couple of days.
it seems the FO mood is contagious... please someone tell me that we didn;t pay a penny of his guaranteed money!!!!
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
Reply With Quote
