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Now we have 3 open roster spots. Sign Marcus Williams, someone else (Sanikidze?) along with Ime Udoka.
A Greek article is reporting that Spurs have waived Spanoulis today (if I have understood well babelfish).
http://www.supersport.gr/default.asp?aid=128813
Now we have 3 open roster spots. Sign Marcus Williams, someone else (Sanikidze?) along with Ime Udoka.
sweet. now we should start seeing some action
spurs are set to do something
How is a player waived with a guaranteed contract?
Don't get your hopes up. We may carry an open roster spot or two this year for cap reasons.
My modest wishlist would be Williams, Mahinmi, and Udoka, but the FO may end up settling for just Williams (nonguaranteed at the rookie minimum) unless we can move Barry and/or Beno and get some cap relief in the bargain.
so the fo really did trade scola & butler for absolutely nothing at all... that sucks!
He probably wasn't "waived", in the technical meaning of that term. It probably was a mutual agreement to void the contract.
This makes more sense. IF the Spurs actually waved him, Then we would have to pay his contract. Why would they Spurs do that if they know he doesnt want to be here and that in itself means the contract is voided.
this makes alot more sense to me.
Yoda
with a guaranteed contract the spurs have to buy it out in order to release the player. it's guaranteed.
Unless of course, VSpan decides to mutually void the contract - which is what I believe the Spurs' FO is expecting.
The thing is, Spanoulis wants to go back to Greece for more money, however, as long as he is under contract with the Spurs, he cannot play with them. So, I think he will be agreeing to void his contract.
It is this reasoning that makes me believe that the Spurs have ALL of the leverage at this point. We can wait it out until the Luxury tax is assessed in '08, while he will want to play with his Greek team late this summer or early fall. I bet his agent has been trying to get the Spurs to agree on a buyout, while the FO is waiting out for an outright release agreement with no money exchanged.
The guy has said he won't play in the NBA.
Refusing to play voids the his side of the contract, aka "pay for play".
No play, no pay, contract voided.
You make it sound so easy.
Legally though, it's a little a bit more complicated than that. VSpan cannot sign a new contract with his team in Greece (which is what it appears that he wants to do) until both sides agree to void the deal or agree to a buyout. He cannot simply say "I don't want to play for the Spurs" and have his contract go up into a puff of smoke. Both sides have to agree to the terms of the buyout/void before he can do anything else regarding his basketball career.
They will probably go with a 12 man roster or get all of the remaining 3 spots filled with suck ass summer league players they have right now, (saving money for tight ass Holt is the main objetctive here)
You make it sound so easy.
Legally though, it's a little a bit more complicated than that. VSpan cannot sign a new contract with his team in Greece (which is what it appears that he wants to do) until both sides agree to void the deal or agree to a buyout. He cannot simply say "I don't want to play for the Spurs" and have his contract go up into a puff of smoke. Both sides have to agree to the terms of the buyout/void before he can do anything else regarding his basketball career.
That's not entirely true -- the Spurs could, in fact, waive Spannoulis and afford him the same opportunity. The difference in each scenario is the impact of the mechanism on the Spurs' cap.
If Spannoulis agrees to void the contract, the Spurs have no obligations to him and take no cap hit in terminating that relationship.
If Spannoulis is bought out, the Spurs' cap is hit in each remaining year of Spannoulis's deal with a charge equal to a percentage of the total payout representing the percentage of remaining sums due Spannoulis under the voided contract. If Spannoulis had 2 years at $2 million and was going to make 45% of that in 2007-08 and 55% in 2008-09, then if the Spurs bought him out for $1, the cap would be hit for $450,000 in 2007-08 and $550,000 in 2008-09.
If Spannoulis is waived, the Spurs take the full hit of his existing contract for each of the seasons remaining on that deal.
What exactly is an objetective, anyway?
Tight ass Holt = 4 championships more than the Cadavers, btw.
I was aware that the Spurs could void the deal and release him without consulting VSpan at all, but I didn't list it as an option because it is not a reasonable (or realistic, IMHO) option - especially considering the monetary transactions that have been made thus far this off-season.
That is why I believe that ultimately a void will be agreed upon, but a buyout is not entirely out of the realm of possibility.
Yes, I haven't written "waived" with the assumption that Spurs will pay his full salary.
I think Spurs will buy out/release him without giving him one dollar.
That's their specialty.
That, and this:
That, and sweeping the Cavs in the finals.
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