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Old. I don't have my full version of Acrobat here at work so I can't cut and paste, but the section on renouncing is on page 68.
Trophy Honeymoon is over; whottt and Chump are back at each other's throats.
Old. I don't have my full version of Acrobat here at work so I can't cut and paste, but the section on renouncing is on page 68.
The funny thing is watching Chump get indignant over the fact that I actually seek his/her/it's opinion on cap issues...Chump should be honored....I considered it an act of magnanimity on my part after the Charlie Ward fiasco...My respect on such issues is more than he/she/it has earned...that's for damn sure.
Horry is interested with the Heat.
I have to type this because it's not letting me copy that
(1) To renounce a Veteran Free agent, a Team must provide the NBA with an express, written statement renouncing its right to re-sign the player, effective no earlier than the July 1 following the last Season covered by the player's Contract. (The NBA shall notify the Players Association of any such renunciation by fax within two (2) business days following receipt of notice of such renunciation) From the date of such renunciatoin until the following July 1, the player's Prior Team will only be permitted to re-sign such palyer with Room (i.e., the Team cannot sign such player pursuant to section 6(b) below) or pursuant to the Minimum Player Salary Exception. Notwithstanding the foregoing, in the event a Team renounces one or more players in order to create Room for an Offer Sheet, and the offeree-player's Prior Team subsequently matches the Offer Sheet and enters into a Contract with that player, the Team may rescind the renunciation(s) within two (2) business days of the date the Offer sheet is matched, whereupon any such "unrenounced" player may again sign a Player Contract with his Prior Team as a Qualifying Veteran Free Agent, Early Qualify Veteran Free Agent, or Non-Qualifying Veteran Free Agent, as the case may be, and will again be included in his Prior Team's Salary at his applicable Free Agent Amount. Notwithstanding the foregoing, a Team may not rescind the renunciation of a player if (i) at the time the player was renounced the TEam's Team Salary was at or below the Salary Cap and "unrenouncing" the player would cause the Team's Salary to exceed the Salary Cap, or (ii) at the time the player was renounced the Team's Team Salary was above the Salary Cap and "unrenouncing" the player would cause the Team's Salary to exceed the Salary cap by more than the amount by which the Team Salary exceeded the Salary Cap prior to renunciatoin.
However, if that changed in the new CBA, we don't have it. Is there a copy of the new CBA anywhere on the net?
With this that Spurster posted, I am sold that they have his EB. I don't think it matters that he was renounced.
Early Qualifying Veteran Free Agent" means a Veteran Free Agent who, prior to becoming a Veteran Free Agent, played under one or more Player Contracts covering some or all of each of the two preceding Seasons, and who: (i) either exclusively played with his Prior Team during such two Seasons
I'm not indignant about that -- I'm indignant about your talking about my opinion on cap issues after asking me about them, dumbass.The funny thing is watching Chump get indignant over the fact that I actually seek his/her/it's opinion on cap issues.
No, it hasn't even been all approved yet.
Good finds.
What I don't understand then is why no national media outlet brings this up. Basically, under any cir stances, if you are with a team for two years, that team has your EB rights. Shouldn't that be an easy thing to check? I can't think of a situation where a player plays for a team for two seasons and isn't an EB player (as long as the team doesn't renounce that player after the second season).
It's not up on the NBPA site yet. Fortunately the whole site isn't down and the pdf of the old CBA is still available.
If there's one thing I've learned about the national media since the advent of the Internet, it's that they're lazy as .
You can count on one hand the number of people who actually seem to put some effort into research and fact-checking. Everyone else is about making splashes.
I wasn't asking your opinion when I was rudely told, "learn what renounce means"...now was I?
Using an option to terminate a contract or declining an option to extend does not cons ute renouncing a player's rights. Even if it did, that's immaterial as of today with regards to Horry's Early Bird status.
So open up a cold one and relax.
Thats true, they are different things. But in order to sign Manu last year, they had to do both. Renounce and decline the option.
Look, I know you're used to being schooled by me, but that doesn't make me your teacher. Man up and do some reading.I wasn't asking your opinion when I was rudely told, "learn what renounce means"...now was I?
not necessarily in that order.But in order to sign Manu last year, they had to do both. Renounce and decline the option.
After reading that excerpt by Manny...I don't think the Spurs renounced Horry's rights anyway...I don't remember there being much about it last season...just they declined to pick up his option...
I have never seen or heard of a team losing Bird exceptions...declining options or not...
Has anyone?
Is everyone absolutely certain that when a team declines to pick up an option on a player that his placeholder figure is automatically 120% of his last contract?
Does that apply with a declined option?
On top of that...there is a grey are here still...Say the Spurs had been over the cap last summer when they declined Horry's option...they would not have been able to resign him even at his placeholder figure...it would have been against the rules of the CBA for a player with a team for only one year.....but based on what is written in that excerpt posted by Manny...they would have still retained his rights.
If they didn't renounce him, they wouldn't have been under the cap far enough to sign everyone that they did.After reading that excerpt by Manny...I don't think the Spurs renounced Horry's rights anyway
I don't see Horry going anywhere.
That's assuming his placeholder was 120% of his previous contract...
What if it wasn't? What if that 120% figure doesn't apply to a declined option...only to expiring contracts?
What if his placeholder was based on the vet min because it was a declined option?
The Spurs don't have EB rights to Horry. Because the Spurs declined the team option last season.
What I am saying is..it looks to me like there is more red tape involved in renouncing a players rights than there is in merely declining an option...
Like I said...say the Spurs had been over the cap and terminated Horry's contract after one season...but didn't send in written notification that they were renouncing his rights? What would have happened then?
I think there is something here that we are missing...
And like I said...I've never heard of a team losing Bird exceptions for a player that has been with them multiple seasons...never.
In the CBA it appears that they are two entirely different things...
It's 120% if the player has only been on a team for one season on a one year contract. Had he been there longer, the placeholder figure is higher.Is everyone absolutely certain that when a team declines to pick up an option on a player that his placeholder figure is automatically 120% of his last contract?
To free up the cap space to sign Manu, the Spurs had to do two things with Horry.
1) Decline his option to get that amount off the cap.
2) Renounce his rights to get his 120% placeholder value off the cap.
After that, Horry's cap hit for the Spurs was zero until he re-signed after Manu and the others were signed.
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