Lorbek to re-sign with Barcelona (Update: Now a done deal)

[Slomo]

Something else about NBA contract is that 10% of the salary is put in an escrow fund and players aren't sure of getting them back. With the new CBA, it's likely they won't get it back.

First thanks again Bruno. I understand NBA contacts and the business side of the NBA much better since I started reading your posts a few years ago.

What's the escrow fund for? And what changed in regards to it in the new CBA?

[Slomo]

Then this calls for the personal touch that only a European trip by Pop can do.
He did it for Rasho. Would he do it for Lorbek?

Well Pop visited bringing a pretty nice deal with him. If Erazem was younger and could play three years in the NBA and prove himself for a nice big contract afterwards, I would be rooting hard for him to do so regardless of the money.

But at 28 he wants/needs to be paid.

[Bruno]

What's the escrow fund for? And what changed in regards to it in the new CBA?

Players get a designed percentage BRI each year, They can't get less or more. There are mechanisms to match the total salaries given to player with the % of the BRI they should get.

10% of players salaries are put in an escrow found and given back to players or owners depending if players have reached the designated % of the BRI they should get.

With the % of the BRI for players going down from 57% to 50%, the escrow found money will likely mostly goes back to owners.

[Knoxxx]

I seriously doubt the Spurs threw any BAE money at De Colo. Let's keep our fingers crossed that Lorbek accepts that, and we add a veteran's minimum rim protecting big. That could be a vet or a young player.

Barring a trade involving some combo of Bonner/Splitter/Blair/Neal, that is about the best we can hope for now.

Still waiting for the Bonner amnesty news, which would be cause for celebration...

[Slomo]

Players get a designed percentage BRI each year, They can't get less or more. There are mechanisms to match the total salaries given to player with the % of the BRI they should get.

10% of players salaries are put in an escrow found and given back to players or owners depending if players have reached the designated % of the BRI they should get.

With the % of the BRI for players going down from 57% to 50%, the escrow found money will likely mostly goes back to owners.

Thanks!

[timvp]

Well, now that we know the Spurs gave De Colo the BAE, it's impossible to sign Lorbek. He'd have to take the minimum

Did the Spurs ever even offer Lorbek a contract this summer? Did he turn it down and the Spurs moved on? Or did Lorbek use the threat of the Spurs to land a big contract with Barcelona? I guess we'll never know.

Hopefully Lorbek has NBA-outs in his contract. I wouldn't close the door on him forever. He's a late bloomer and doesn't have a lot of wear and tear on his body so he could conceivably play at a high level for a while longer.

[xmas1997]

And since we were told TD would be the last contract signed, all that is left is trades.

[Darkwaters]

Well, now that we know the Spurs gave De Colo the BAE, it's impossible to sign Lorbek. He'd have to take the minimum

Did the Spurs ever even offer Lorbek a contract this summer? Did he turn it down and the Spurs moved on? Or did Lorbek use the threat of the Spurs to land a big contract with Barcelona? I guess we'll never know.

Hopefully Lorbek has NBA-outs in his contract. I wouldn't close the door on him forever. He's a late bloomer and doesn't have a lot of wear and tear on his body so he could conceivably play at a high level for a while longer.

Lorbek was still a very nice toss-in on the George Hill trade. He might never come over, but he offered us a legitimately intriguing possibility this summer that might have blossomed into something incredibly productive. And you're right to say that the door isn't totally closed on him wearing the silver and black at some point. Who knows? Long after we thought the door was shut on Robertas Javtokas his name was back in off-season free agent discussions with rumors sending him here. You just never know.

[ploto]

Did the Spurs ever even offer Lorbek a contract this summer?

I don't think they ever made a formal offer.

[lcroock]

If the Spurs amnesty Bonner or Neal and then trade Blair for cash/draft pick then maybe we can still sign Lorbek? What's left of the MLE? Per Hollinger we used $3M on Diaw for 2012.

https://twitter.com/johnhollinger

[Mel_13]

If the Spurs amnesty Bonner or Neal and then trade Blair for cash/draft pick then maybe we can still sign Lorbek? What's left of the MLE? Per Hollinger we used $3M on Diaw for 2012.

https://twitter.com/johnhollinger

Using the amnesty on Bonner doesn't create a new exception to use on new players.

Also, Hollinger didn't say that the Spurs will pay Diaw 3M in 2012. He said that the decision to pay Diaw more than 3.09M means that the Spurs are operating under a hard cap of 74.3M for this season.

[lcroock]

Using the amnesty on Bonner doesn't create a new exception to use on new players.

Also, Hollinger didn't say that the Spurs will pay Diaw 3M in 2012. He said that the decision to pay Diaw more than 3.09M means that the Spurs are operating under a hard cap of 74.3M for this season.

Luxury tax considerations....that's the whole point here. Not sure what $ figure puts the Spurs in a taxable position.

[Mel_13]

luxury tax considerations....that's the whole point here. Not sure what $ figure puts the spurs in a taxable position.

70.3m

[velik_m]

Lorbek signed 3 year contract with Barca: http://www.rtvslo.si/sport/kosarka/u...rceloni/287337

Edit: 3M euros per season

[smaka]

And he has the highest salary in Spain. Wow.

[venitian navigator]

Any news on the contract....like an nba escape clause ?

[CGD]

Lorbek signed 3 year contract with Barca: http://www.rtvslo.si/sport/kosarka/u...rceloni/287337

Edit: 3M euros per season

That's what, $3.7M USD? Not sure what the tax on highest earners is in Spain right now, but I think in the long run he would have made more money coming to the US signing a smaller deal (for less years). I know preference, lifestyle, etc. matter, but it always stuck me as being about the $$ with this guy. Anyway, best of luck to him.

[Slomo]

...but I think in the long run he would have made more money coming to the US signing a smaller deal (for less years).

How? I would seriously like to know how you make more money by signing for a smaller deal AND for less time?

[timvp]

Yeah, I'm really interested in his NBA escape clause. Unfortunately, when players land contracts that large in Europe, they usually come with an expensive escape clause.

[Slomo]

Yeah, I'm really interested in his NBA escape clause. Unfortunately, when players land contracts that large in Europe, they usually come with an expensive escape clause.

Agreed. It would be a first.

[cantthinkofanything]

How? I would seriously like to know how you make more money by signing for a smaller deal AND for less time?

I think he's probably referring to the significantly higher taxes in Spain.

[Slomo]

I think he's probably referring to the significantly higher taxes in Spain.

Read the thread. Doesn't make sense.

[ploto]

I think all the Spurs had left to offer Lorbek is $1 million.

I also think the teams in Spain can still offer housing and a car.

[Mel_13]

Lorbek wanted the money. The Spurs wanted Diaw.

Time to move on.

[DesignatedT]

If Diaw was Lorbeks idea of a "tough physical center" than maybe it's good we didn't get him.