LaMarcus Aldridge Gives Back $7.25 Million in Buyout with Spurs (Edit: Woj Says $5.8 Million) (Edit 2: Ouch, Looks Like Only $2.7 Million Now) (Edit 3: Wait, it might actually be $7.25 million)

[mo7888]

Is it me, but did Shams have a bad day today?

No doubt....he's gonna really have to up his game by the draft to remain relevant..

[Darius Bieber]

Yeah. Next thing you know, we'll be hearing that SA is actually sending the money to his new team so that he can be properly compensated. This is really bad.

We’re still paying Carroll and Gasol I think, might as well add more to the checkbooks.

[RD2191]

Yeah. Next thing you know, we'll be hearing that SA is actually sending the money to his new team so that he can be properly compensated. This is really bad.

[Kurgan]

Quick thoughts:

-Yeah, if the Spurs knew this was an option, it's no wonder they didn't trade him. Unless they got back a first rounder for him, this was a superior move.

-The Spurs did Aldridge a solid by guaranteeing his final season even though they didn't need to. Aldridge returned the favor by giving back a lot more than he needed to.

-The Spurs still have their MLE and at least one roster spot.

-After this move, they could become buyers on the buyout market.

-The Spurs could also look to Europe/China now with quite a bit of money to spend.



Interesting turn of events

So much for that. This is the same piece of that demanded a trade from two different teams because he wasn't satisfied with being the second option to both Lillard and Nephew. Spurs show him loyalty by guaranteeing him 25 mil when he's only owed 7 mil and he proceeds to piss on their faces on the way out.

[objective]

Call it informed speculation, but I think what happened is Aldridge had agreed to the large buyout, but once his agent realized the Spurs had committed to get Chriss deal and no other deals to lessen the tax burden, he knew he could squeeze the Spurs into paying a lot more.

Threatening to take zero pay cut and forcing the Spurs into the tax made the Spurs fold like cheap sheets.

Spurs got wrecked AGAIN

[SpurPadre]

Is it me, but did Shams have a bad day today?

Not any worse than Spurs fans, tbh.

[duncan2150]

We’re still paying Carroll and Gasol I think, might as well add more to the checkbooks.

haha not gasol but caroll 6 M this year and 1.2 M next year.

[SpurPadre]

Ok, is it down to $7.25 yet?

[Mugen]

[Mugen]

It's been a rough day for the Sniff Crew tbh.

[Kurgan]

So it's true that Chriss can't be waived. Pop just released a statement saying how much of a high character guy Chriss is. He's covering for ownership. Disastrous trade deadline when you combine this with LMA giving back practically nothing.

[baseline bum]

Keep expecting to come in this thread an hour later and see the Spurs guaranteed Aldridge 2021-22 money too.

[Robz4000]

Keep expecting to come in this thread an hour later and see the Spurs guaranteed Aldridge 2021-22 money too.

For all we know they did to get ownership even more money.

[Kurgan]

[Leetonidas]

Rofl it gets worse in Spurs FO is a joke now

[timvp]

So it's true that Chriss can't be waived. Pop just released a statement saying how much of a high character guy Chriss is. He's covering for ownership. Disastrous trade deadline when you combine this with LMA giving back practically nothing.

Yeah, that's what it sounds like to me.

I was 99% sure the source was BSing about the insurance angle ... but it looks legit. I can't even remember a time a team traded for a player and kept him around for insurance purposes. I hold out some hope that it's not true because that's unprecedented, AFAIK.

[gospursgojas]

Can someone explain the insurance angle and how it helps ownership save money?

[Kurgan]

Ownership has signaled that they have no faith in this team and they will look to make money wherever they can(I partially don't blame them after three consecutive years of buyouts). Only hope at this point would be to tank the rest of the season and nab someone in the lottery that can make a difference to change the ownership's mind. We desperately need a franchise player.

[Darius Bieber]

Can someone explain the insurance angle and how it helps ownership save money?

The insurance covers his contract as long as he remains on the roster, since he was ruled out for the season way back in the start of the season. The Spurs front office took money from the Warriors to take him, so it clears a roster spot for the Warriors as well as less cap space hit.

[gospursgojas]

The insurance covers his contract as long as he remains on the roster, since he was ruled out for the season way back in the start of the season. The Spurs front office took money from the Warriors to take him.

Thanks. So if they waive him spurs are on hook for his money and not insurance, correct?

[mo7888]

Can someone explain the insurance angle and how it helps ownership save money?

Basically, we sold a roster spot that's now unusable...

[BillMc]

Time to exhale timvp. Join us.

[Darius Bieber]

Thanks. So if they waive him spurs are on hook for his money and not insurance, correct?

Correct. Waiving him nulls the insurance.

[timvp]

Thanks. So if they waive him spurs are on hook for his money and not insurance, correct?

That's what I'm hearing ... although I don't know if that's accurate, tbh. NBA contracts and insurance is a murky world. Insurance companies have limits of how many players they cover and can omit certain players from coverage, etc. But it's safe to say if the Spurs don't release a player who they got paid to take who is out for the season, the reason he's not waived is 100% insurance related.

[gambit1990]

Basically, we sold a roster spot that's now unusable...

it's like having a second trey lyles.