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$25.2 million for the 2012-13 season
For Rashard ing Lewis?!?!?
The latest Rashard Lewis contract details is quite sickening.
-Rashard Lewis 6 years, 126 million
There are other reports that the deal could be Lewis' contract could approach over $110 million for six years.If Orlando can execute a sign-and-trade with Seattle, it would be extremely beneficial to Lewis. That kind of deal would give Lewis 10.5 percent annual raises, meaning his contract would go from $16.8 million to $18.5 million to $20.3 million to $22 million to $23.8 million to $25.6 million. The six-year pact would be worth a staggering $127.2 million.
Because he's coming into the Magic as a nine-year veteran, he can command as much as 30 percent of Orlando's salary cap and would be en led to 8 percent raises on a yearly basis. Lewis' deal would be worth as much as $97.4 over five years, and considerably more if a deal between the Magic and Sonics is reached.
I do hope for the Magic's sake that a sign and trade isn't done. Otherwise they are screwed cap wise for a long time. Why spend this much on a guy who likely won't make them into that elite level? the Magic would go from an 8th seed to what? 5th at best? is it really worth destroying your future cap space for a guy who won't impact you to elite level?
Lewis' first-year salary with the Magic will be $16.68 million -- the maximum allowable for a player with nine years of NBA experience. From there, he'll get 10.5 percent annual raises. That will take the deal to a mind-boggling $25.2 million for the 2012-13 season.
Now that is just crazy. For a guy who averages 22 and 6 on below average defense?
Obviously Lewis is the worse case here but this topic isn't just about Lewis. Lets look around the league for other proofs of overpaying. Granted none is as bad at this possible contract.
-Jason Kapono 4 years, 24 million
Granted Kapono's deal isn't that bad but the MLE for a guy who averaged just 10 points per game and really only did one thing well, shoot. Alot of his points was down to Wade getting into the lane. Shaq's presents I guess helped as well. This was a guy before he got to Miami barely got off the bench and due to one good season playing with two superstars got a big contract.
[/quote]- Derek Fisher- 3 years, 16 million
Another idiotic move by the Lakers. Fisher had no one else on his list yet the Lakers offer him basically a MLE deal. Even though he is 33 and on the downslide. Do Lakers seriously expect him to play big minutes? clueless.
I guess I could mention Wallace from the Bobcats for his rumoured deal of 60 million but If it's for 6 years thats a pretty good deal considering he is still young and can do alot of things for them on the floor. Score, rebound, get steals, block shots and defend. Thats rare these days.
I'm sure there will be other bad contracts to come this off-season. Chris Mihm is reportly wanting the WHOLE MLE....What is the world coming to?
I put this in here as It relates to the Spurs and the league in terms of player contracts.
What the Spurs signed Parker and Manu to were complete steals. One would think teams would offering these guys 70+ million if they could. Mainly the idiots down in Orlando.
After what has happened this summer If the Miami Heat manage to sign Maurice Williams for the MLE then thats the biggest steal of the off-season.
$25.2 million for the 2012-13 season
For Rashard ing Lewis?!?!?
why couldn't I be taller!
The only thing that makes that seem normal today is that Stevie Franchise is getting paid 25 to 30 mil to NOT PLAY.
As much as I knew that some over-zealous GM would overpay this guy this summer, it is no less sickening to read this story in print. How any GM or FO-type could muster up a max deal for a complimentary player like Rashard Lewis is truly mind-boggling? This not to say he's not a good player - he is. It's just that he aint nowhere near the talent vicinity of say a Kobe Bean Bryant. These types of contracts should only be reserved for your superstar-caliber players. It's typical irresponsible finanacial management.
Now as I take of my GM hat and put on my player hat, I'll say good for Lewis.
There's an old saying that you're worth whatever someone is willing to pay you.
Last edited by SenorSpur; 07-11-2007 at 10:50 AM.
These guys aren't overpaid!
Sincerly,
Blair Rasmussen and Jon Koncak.
Jim McIlvaine is not amused by your financial analysis
I moved to the Seattle area Lewis' rookie season.
I like him, we saw a lot of Sonics games and my son did their summer camp for 5 years. Lewis was friendly and approachable. The kids loved him and listened to him. It was nice to see a player up close like that.
But...he's not this kind of money player. Unless Orlando knows something we don't this is out of hand.
$127.2M guaranteed would be close to what Parker, Ginobili, Bowen and Oberto make guaranteed. That basically 80% of a championships starting lineup (Ginobili off the bench, but you know what im saying).
Incredible.
I've been in the Seattle area for the last 3 years. Although I wouldn't have gone to a Sonics game unless they are playing the Spurs I'm thinking that Presti is making all the right moves. He's not mortgaging the franchise's future on mediocre players. Let Orlando, New York and Dallas continue to overpay these players while well run organizations like the Spurs continue to win while staying below the salary cap. It just makes it all the sweeter and yes I may go to a few more Sonics games this year to show my love for the Spurs Nortwest organization.
Otis Smith is just terrible, terrible...
Yeah, he's already starting to build a legacy in the mold of Isaiah Thomas, Danny Ainge, Steve Patterson and Tep Stepien.Otis Smith is just terrible, terrible...
Speaking of the cap, I believe the Spurs are way over, and has exceeded luxury tax territory (Luxury set at around $67 M). What are the implications?
Good point. Now that you've mentioned that, based upon his salary demands, I don't think there was any way Lewis was going to stay in Seattle.
Too bad the Spurs couldn't have found a way to nab Fisher, but other factors are at play.
In regards to Lewis' contract, I just saw this on RealGM
http://www.realgm.com/src_wiretap_ar..._lewis_fading/
Sign And Trade Hopes For Magic, Lewis Fading?
July 11, 2007 - 3:49 am
Seattle Times -
The Magic has spent the past few days attempting to finalize a sign-and-trade deal with the Sonics to ease the financial burdens of the Rashard Lewis contract, but the teams had not agreed on compensation as of Tuesday night.
According to league sources, the major stumbling block in negotiations was Orlando's unwillingness to include a high draft pick in the deal. The Sonics were considering accepting the expiring contracts of Carlos Arroyo ($4 million), Pat Garrity ($3.8 million) and Keyon Dooling ($3.6 million) only if the Magic included a first- and possibly a second-round pick.
Orlando was also shopping Hedo Turkoglu, but he's owed $13 million the next two seasons and has a $7.4 million player option for the 2009-10 season.
My comments on this is if the Magic are now having to work to "ease the burden of the Lewis contract", that tells me right there that they overpaid for him and perhaps they're second guessing themselves. So the question is, what the were they thinking in giving this kid so much money? With this contract and Dwight Howard's contract, they may very well be strapped for a while.
Un"freaking"believable!
Wow, that's just 1 million from Duncan's 6 year 127 million.
Orlando just torpedoed their future.
Not only that. But Lewis seems to me at times to be a very lazy player that puts up a lot of bad shots.
But why am I not surprised. Give it another 10 years and these guys will probably be getting billions to play a kids game. That's just how out of touch with reality some people are these days.
126 million for 6 years! What are the Magic thinking!?
-Steve Francis
We get to see Presti in action here and how he handles this. I had been hearing all along that Seattle did not intend to bring Lewis back and now they have the Magic on the hook. Sam can take some expiring contracts like the above article states but will want the draft pick as well. If Orlando doesn't give him what he wants, he can let Lewis walk.
Orlando is already dealing from the weak position here and they are the ones that are going to end up getting the free agent.
Lewis and Howard together will be nice but can they bring in the complementary players to make it work beyond a first round exit in the play offs?
And by the way, with Stevie Franchise getting bought out by Portland, who will pick him up? The Houston radio guys are wondering alound if the Rockets should bring him back. I don't want him on the Spurs but do you think he would take a modest contract since he just got a huge buyout?
Damon Stoudamire redux.
No to Francis.
Late word on local Dallas radio is that the Mavs are one of the teams in the hunt for Stevie Franchise. My question is Why? It seems that Mavs are rumoured to be pursuing almost any and every FA on the market. Yesterday, it was Chris Webber. Last week it was Gerald Wallace. Who next? Shawn Bradley....oops I forgot. They had him already.
What the . I thought they over paid Lewis when I thought they were going to pay him 5 years/$75M. Over $120M is freakin nuts.
I'm guessing because he's a PG who can actually pass and create shot opportunities for his teammates, even if he's in love with his own shot. Terry and Harris both telegraph their passes. , if he's willing to take the MLE, I think Francis would be a good fit here, but word is he'll be joining his longtime companion since the Clippers need a PG even worse than we do.
Stevie + Cuttino = 4EVA.
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