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MLE, anyone?
Bonzi Wells: Fires Agent
RotoWire.com Staff - RotoWire.com
Monday, September 11, 2006
Update: According to two agents, Wells fired his agent, William Phelps, the Sacramento Bee reports.
Recommendation: Wells and Phelps turned down a five-year, $36 million offer from the Kings, expecting to make more on the open market after a nice postseason run against the Spurs. Wells informed the Kings he would like to return, but Sacramento is up against the luxury tax threshold and have signed John Salmons to replace Wells.
MLE, anyone?
vet min spurs should sign him
Someone can probably get him for a couple million for a year. I'm not sure whose fault his situation is (his or his agent) but it's got to suck for him.
Does Cleveland have room? I'd LMAO if Danny Ferry signed him.
Can't say I'm crying for him. He's been making this bed with his stupidity for years. Maybe he and Latrell can start a support group.
Sign and trade for Barry
this is the same kind of that happened with Latrell and his "i have to feed my family" line
we've all discussed ad nauseum whether or not bonzi would be a good spur.
my question is:
what is it about these thuggish, trouble-making almost-superstars that makes them shoot themselves in the foot so badly?
is it just straight up greed, or is there something else going on? are the owners in the NBA "paying him back" for all his bull by selling him short? is the bad behavior coming from an over-inflated ego, the same place that the buck chasing is coming from? whats up here with bonzi? what was he thinking?
Obviously, he was thinking he could do better than $7.2 Mil/yr.
I think the owners have caught on to the scam of someone riding a short hot streak to a big payday, and are no longer willing to ignore the past history before the hot streak.
Or, maybe it's just because the usual big spenders have taken a year off.
Sometimes I think it's the agents fault as much as the players. I'm sure a lot of the time they are the ones advising the players that they can wait and get more money, which in Bonzi's situation backfired. Players need to take a more active role in the decisions, if that's the case.
Yeah, although I suspect very few of these guys are going to have the ego and insight to say, "$7.2 Mil is plenty. Yeah, it's less than Michael Finley, but he's overpaid."
The agents should be smarter than that, since I presume they work off commission.
Unless they are like Babby are get an hourly rate, most NBA agents make 4%.
and the kings would be willing to pay the tax for barry but not wells
Babby is an attorney, though, isn't he? So I bet he provides multiple services
Yes.
I'm just saying he doesn't take the standard 4%, he just gets an hourly rate. I think there's only one other popular NBA agent who does the same thing. The rest usually get their 4% (which is the maximum they can get).
They just over estimated his value, I think the original offer was reasonable, but someone made the mistake of thinking he could get more....
I wouldn't put him in the same boat at Spree though...
I bet the rules are written such that even if you charge an hourly rate, you can't bill beyond the 4% equivalent UNLESS you're billing for other services than being an agent.
Babby probably can end up making more than the 4% this way (legitimately, though, since everything I know about him says he's a straight shooter).
4% is a lot less than Ari Gold gets.
I definitely would not put him in the spree situation, e ially since he openly said he wanted to go back to the kings, unfortunately they have already moved on.
I would agree. Players pay agents for one reason, and one reason alone: To advise them about the best decision and help them negotiate. Bonzi's agent clearly ed up - he probably believed the great playoff run would make teams forget about his spotty record for the years leading up to that run, and advised him not to settle for less than a certain amount. Given what some players of lesser quality (Jared Jefferies, for eg) have received, it's not completely ridiculous advice.
But, clearly, it was very wrong. Bonzi turned down Sacramento's offer, expecting other teams to offer more, and no one offered more. That's called - bad advice. Time to fire the agent. End of story.
What would make this interesting is if Latrell has the same agent. There are some agents who are notorious for offering players bad advice.
not going to happen. no one would be that stupid. no one would be stupid enough to propose such a trade, except ignorant morons.
you will have to pray real hard for that too happen.
Anything can happen when it comes to trades and FA signings. I think Isiah has proven that.
I read somewhere that Bonzi was his ONLY NBA client. He probably didn't know the lean pickings that was the FA market of 2006. VERY few teams could have topped what Sacto offered Bonzi, and of those, apparently none wanted to.
throw in Beno....
im not sure it was bonzi's agent who insisted on him holding out for the big bucks.
bonzi seems like a pretty headstrong guy, it seems just as likely (if not morso) that he wanted the money DESPITE his agents advice to sign with the kings
of course, a lot of the time agents are just as greedy as the players, so who knows? i mean, maybe his agent was PLEADING with him to take that offer and he didnt and is now upset and taking it out on his agent
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