The problem with not signing Randy Foye to a contract extension now
As we all know, the deadline for 2006 draft picks to sign contract extensions passed today without Randy Foye receiving one. For his part, Foye's not too concerned, saying that not signing a contract is barely on his mind (of course, any player says this, the agents deal with the contract stuff). Michael Lee also writes that one of his sources said the two sides were not too far off in money, whatever that means.
The common refrain I've heard is that this is a prudent long-term move, because there are too many unknowns -- Foye's fit here, the Wizards' cap situation, the league's cap situation -- out there to make a long-term financial commitment to Foye. (Keep in mind that, if Foye does sign an extension, he's basically untradeable for a year because of base-year compensation issues). Lee himself echoed this today.
If you look around, Chicago's Tyrus Thomas and Utah's Ronnie Brewer also let the deadline pass quietly. Foye is one of the standouts of that relatively weak draft class and really shouldn't be worried right now. Neither should the Wizards.
The collective bargaining agreement gives teams all of the leverage with restricted free agents, since they have first right of refusal. The only time restricted free agents walk are in the situations where the team doesn't want them anymore or if he signs an offer sheet with a ridiculous signing bonus (those instances are rare). There has been no indication that the Wizards don't want to retain Foye and if he continues to play as well as he has, Ernie Grunfeld should take care of him next summer.
This is a logic we hear a lot with restricted free agency. The argument is that other teams are so reluctant to sign players because the players' current teams have a week to match the offer. Therefore, the price tags of these players tend to go down, so there's no need to make a major financial commitment to them early.
Here's the problem: the data doesn't bear this out.
Let's play a game. Which group of players do you think has better value on their contracts:
Group 1:
- Kevin Martin: 5 years, 55 million
- Devin Harris: 5 years, 43 million
- Danny Granger: 5 years, 60 million
- Andrew Bogut: 5 years, 60 million
- Al Jefferson: 5 years, 65 million
- Jameer Nelson: 5 years, 30 million
- Caron Butler: 5 years, 47.5 million
- Andrew Bynum: 4 years, 58 million
- David West: 5 years, 45 million
- Boris Diaw: 5 years, 45 million
- Leandro Barbosa: 5 years, 34 million
- Josh Howard: 4 years, 40 million
- Kendrick Perkins: 4 years, 16 million
- Kirk Hinrich: 5 years, 49.5 million or so
- Chris Kaman: 5 years, 53 million
- TJ Ford: 4 years, about 35 million
Group 2:
- Marvin Williams: 5 years, 37.5 million
- Jarrett Jack: 4 years, 20 million
- David Lee: 1 year, 8 million
- Charlie Villanueva: 5 years, 40 million
- Emeka Okafor: 6 years, 72 million
- Luol Deng: 6 years, 71 million
- Andre Iguodala: 6 years, 80 million
- Andris Biedrins: 6 years, 54 million
- Josh Smith: 5 years, 58 million
- Delonte West: 3 years, 12.7 million
Group 1 is a list of notable players who signed early extensions. Group 2 is a list of notable players who did not and became restricted free agents the next year. Obviously, there are some questionable calls in group 1 (Diaw, Hinrich, Kaman) and some good values in group 2 (Biedrins, West). But by and large, group 1 has guys on bargain contracts relative to their production. Jameer Nelson for the same amount of money annually as Jarrett Jack? Danny Granger making significantly less than Luol Deng? Josh Howard for less than Josh Smith? Al Jefferson for less total money than Emeka Okafor? By and large, the lesson is that if you're worried about guaranteeing a guy too much money, the best way to combat that is to sign them early, not wait for them to hit restricted free agency.
Why do players who hit restricted free agency tend to cost more than those who get early extensions? Simple: players tend to get better from year four to year five. And while restricted free agency may cool teams a bit from making gargantuan offers to some of these guys, there's still a large degree of leverage the teams need to navigate through when signing these guys. Not only is it a pain to deal with agents insisting their client get more money because of their improved performance, but the prospect of forcing to settle on a qualifying offer is a very real threat to the long-term future of the player with his respective team. Since the new collective bargaining agreement in 1999, there hasn't been a single player that's accepted the qualifying offer and stayed with that team past that one year. (So, Bobcats fans, don't expect Raymond Felton in Charlotte next year).
Nobody should understand this better than Ernie Grunfeld. He signed Caron Butler to that early extension, and Butler more than lived up to the contract. In fact, it's Butler's modest contract that's kept the Wizards from being major luxury-tax payers while still being competitive. Like Foye, Butler hadn't played much with his new team, but Grunfeld extended him anyway.
Now, faced with a situation where every dollar counts if he wants to also retain Brendan Haywood and/or Mike Miller (not to mention, y'know, improving the team), Grunfeld will likely have to pay Foye more next summer than he would have right now. Yes, it's true that the economic climate might bring the cap down and curtail free-agent spending. But the same argument was made last year, and that didn't stop Marvin Williams and Charlie Villanueva from getting near-Devin Harris money or Jarrett Jack receiving Jameer Nelson money. More teams will have cap room that needs to be spent on someone. That, combined with the qualifying offer prospect that neither side will want, is sufficient leverage for Foye to negotiate a deal that will pay him more than what he would have been paid now.
In Foye's case, this doesn't sound like much, but it is. It may be the difference between having him sign a mid-level type contract (5 years, 25 million, for example) now as opposed to getting slightly more (Marvin Williams money) next summer. That doesn't sound like much, but that's a 2-million plus annual difference. In other words, it's roughly the difference between signing Fabricio Oberto or signing nobody this season. Going forward, it might be the difference between keeping Brendan Haywood or seeing him leave because he got more money guaranteed elsewhere and the Wizards didn't have enough cap flexibility to overpay slightly to keep such an important player.
This, of course, all assumes Grunfeld traded Foye to keep beyond this year. If he didn't, well, then we can really say that June trade was all about money. Why else would you trade for Foye if you aren't going to keep him? (UPDATE: Clearly, this line was not accurate ... as cuppettcj points out, the Wizards could still trade Foye this year for something bigger. Bad Mike)
So while I understand the apprehension with guaranteeing Foye a long-term deal and removing him as an asset for trading purposes, the data indicates this will likely cost the Wizards some money next offseason when they try to re-sign Foye again. That money matters next offseason more than ever. There's now a very large chance Grunfeld will have less breathing room to keep the whole gang together next offseason.
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Comments
Great analysis...
I’ve been waiting to read some analysis on this all day, but I’m not sure we have all the information we need to make a judgment.
For starters, I’m not sure I agree that there is any discernible trend between the above group 1 and group 2. There are overpaid guys in both categories.
I think the real question lies in whether Foye lies in the Wizards long term plans. I think he did at the time of the trade and if he continues to play like a very, very, very ideal backcourt mate for Gilbert Arenas I’m thinking that Grunfeld will want to keep Foye in Washington for the long run for sure.
Now where I think there may be some difference of opinion is that committing money to Foye now leaves the Wizards with less cap flexibility next year. I think Grunfeld may be willing to pay Foye more down the road to keep the flexibility this coming offseason to resign BTH/MM. Foye will most certainly re-up for more than the $5.5M he’s on the books for next year, and that’s cap room he needs to re-sign the others. Once BTH/MM are locked up, he can go over the cap to take care of Foye.
Foye will not come cheap. You mentioned Marvin Williams as a comparison and Foye is a much better player than Williams with much better statistics across the board. I think it will take $7.5M/year to sign Foye.
That’s my conspiracy theory, but an interesting move by Grunfeld nonetheless.
I might add that I think Randy Foye is a heck of a player who is only going to get better, but he’s also an extremely classy, unselfish, team-first player and the kind of person I want to root for.
by JonathanJoseph on Nov 3, 2009 3:06 AM EST reply actions 0 recs
The analysis is incomplete
If you don’t include the guys who are not signed at the end of their rookie contract.
By not extending a player early, you get an an option to see him play over the next year (as well as how the rest of the team, and the rest of the league develop), and then make your decision. That option has a value, and it also has a cost. Without examining the value of that option you can’t assess the strategy.
The difference (by and large) between group 1 and group 2 is that there are more “sure-things” on the list – players for whom the “option” has less value. There are, of course, a few mistakes in Group 1, and there are some sure things in Group 2 where a deal just didn’t get done.
I like Randy, but he’s played 3 games for us and we’re deep at the 2. I think it’s reasonable to see how it plays out.
by RamV on Nov 3, 2009 6:24 AM EST reply actions 0 recs
A very good analysis... BUT
As RamV said, Randy Foye has only played 3 games with us… AND this is a vastly different economy.
You also have to factor in that the cap is going to go down next year, and Foye plays a position (SG primarily) where there is no shortage of decent players.
I think when the smoke clears, if Foye has a productive year on a serious playoff team, he gets a deal in the 5 year 35-40 million range. That’s about what the Rockets paid Trevor Ariza to step in and replace McGrady.
by khrabb on Nov 3, 2009 6:56 AM EST reply actions 0 recs
Randy Foye Signing
Your analysis of salaries is good and you represent and informed point of view. Here are a few other considerations.
1. Nick Young was just signed to an extension. While he does not have the overall game of Foye he may be a late bloomer (see Andray Blatche?). Also if you sign Foye now you automatically tell Nick he is not going to be a starter at the 2 position and not only demotivate him, you reduce his potential trade value. His extension at a lower rate makes him more tradeable for a veteran big at the trade deadline this year.
2. Mike Miller can play the 2. While he does not have Foye’s floor game he is a great rebounder, passes well and creates match up problems for other gaurds because of hieght. We may be in a situation to choose between Foye and Miller so we need to see how both of their contributions play out.
3. Javaris is young and could be the back up point gaurd at a lower value.
4. The final point is this. While signing Foye may make sense is essentially is reducing Ernie options ( you know he likes those) and could send a wrong message to the team. It says Randy is our guy after only 3 games.
5. Ernie and Flip needs to see how this thing plays out which is going to take at least until this years trade deadline
by Buttgras on Nov 3, 2009 8:40 AM EST reply actions 0 recs
Why do you think there will be money next year?
I’m not sure I understand. Looking at this:
http://sports.espn.go.com/nba/news/story?page=FreeAgents-09-10
I’m not sure there will be all that much money to go around and guys like Randy Foye will be stuck.
http://www.youtube.com/watch?v=laydODN6xVk
by hibachi on Nov 3, 2009 9:08 AM EST reply actions 0 recs
I agree with hibachi
Foye will be an afterthought in this summer’s free agency sweepstakes. I’m not particularly concerned that some team will come along and offer big bucks to an undersized shooting guard who currently ranks as the 6th or 7th best player on the team. I’m comfortable waiting until the offseason.
Besides, this is purely an exercise in speculation because we have no idea what offer EG put on the table and what offer Foye was willing to accept. For all we know, Foye insisted on a $10M per year contract extension. If that’s the case, then clearly, the best move is to wait him out.
by nate33 on Nov 3, 2009 9:37 AM EST up reply actions 0 recs
The difference between groups 1 and 2...
…is that by and large, the guys in Group 1 are better and thus got extended earlier. I’m guessing you have half a dozen all-star games in the first group, and maybe just one in the second.
Even with that said, one can make individual comparisons that make group 1 look unflattering: Josh Howard @ $10M per, or Villanueva for $8M? Bogut @ $12M per or Biedrins @ $9M? Either way, I don’t see a consistent pattern between the two groups.
Overall, I agree with nate and hibachi. I just can’t see any team plunking down huge money for Foye this summer given who else will be on the market and what budgets are likely to be. And if they do, then he’ll have done something this spring (a la Ben Gordon and Hedo) that will have established that value. So that’s at least a little exciting.
by fishercob on Nov 3, 2009 10:06 AM EST reply actions 0 recs
…is that by and large, the guys in Group 1 are better and thus got extended earlier. I’m guessing you have half a dozen all-star games in the first group, and maybe just one in the second.
All of them became all-stars only after they got extended.
You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.
by Mike Prada on Nov 3, 2009 2:38 PM EST up reply actions 0 recs
But his point is still valid…. the guys in group 1 are by-and-large better players than in group 2
Bullets Forever - where "Dagger ! " happens......
by Rook6980 on Nov 3, 2009 3:32 PM EST up reply actions 0 recs
They are, yes
But were they before they got their extensions? I’d say no, at least not by much.
Granger’s breakout year happened after he signed. So did Harris’, Nelson’s and Butler’s.
You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.
by Mike Prada on Nov 3, 2009 3:35 PM EST up reply actions 0 recs
it depends a great deal
on what foye was asking. which we don’t know.
EG might have to make some tough decisions in the offseason.
by DarrellWalkerFan on Nov 3, 2009 10:56 AM EST reply actions 0 recs
There's no "might"
Three high-minute FAs and a first rounder (we can’t trade the pick) for a team that’s over the tax line? Unless we put a fight in the ECF someone is leaving.
by RamVA on Nov 3, 2009 11:33 AM EST up reply actions 0 recs
Gaurd Decisions
You guys are focusing way to much on the money at this time. Basically the only untouchable gaurd on the roster is Gil.
So you have to sort through Foye, Miller, Criteron, Stevenson and Young ( assuming Mike James is out). Performance, injuries, fit with other personnel – all of these issues need to be ironed out this year before commtiments at the gaurd postion should be made.
by Buttgras on Nov 3, 2009 11:56 AM EST reply actions 0 recs
Critt is gone
We didn’t pickup his option for next year, so there’s basically no chance he comes back.
by RamVA on Nov 3, 2009 11:59 AM EST up reply actions 0 recs
Disagree With This
This, of course, all assumes Grunfeld traded Foye to keep beyond this year. If he didn’t, well, then we can really say that June trade was all about money. Why else would you trade for Foye if you aren’t going to keep him?
Maybe because Ernie wanted value that he could use in a potential trade later in the season is one possibility. He has a lot of roster sorting to do, and he wants to see how everybody else does this season (including how they all fit in chemistry-wise) before he makes his decision on who to keep and who to trade away. That doesn’t mean that all he thought about was a big stack of money with the googly eyes.
"It's OK for the Bullets to trade baskets, as long as they can score on their end." -- Words of wisdom from Phil Chenier
by cuppettcj on Nov 3, 2009 12:08 PM EST reply actions 0 recs
You're right
I updated the post to reflect this. Thanks for pointing that out.
You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.
by Mike Prada on Nov 3, 2009 2:39 PM EST up reply actions 0 recs
To respond to several commenters at once
JJ: I don’t think Foye is better than Williams … Williams does a lot of things for Atlanta that you don’t notice right away (great defender, great spot-up shooter for a team that needs that, etc). They’re probably comparable.
To a couple people: You really don’t think there’s a discernible difference between Group 1 and Group 2? Really? In Group 2, I’d you have one guy on a great-value contract (West), one guy on a good-value contract (Biedrins), one guy who defines description (Lee), one guy on a fair-value deal (Smith) and several guys who are slightly to massively overpaid (Deng, Iguodala, Okafor, Villanueva, Jack, Williams). Compare that to Group 1, and you have seven guys on absolute bargains (Harris, Granger, Nelson, Perkins, Jefferson, West and Butler), several guys on good deals (Martin, Barbosa, Howard, maybe Bogut) one guy who the jury is still out on (Bynum) and a few guys who are slightly overpaid (Ford, Kaman, Hinrich, Diaw). I’ll take Group 1’s ratio in a heartbeat.
Regarding the amount of money next summer – I have two responses to that.
One, recall that the amount of money other teams have to steal a guy away is just one consideration. The same logic applied to all those guys in Group 2, and it didn’t really do all that much to drive their contracts down. Obviously, it drives it down more than if the guy is an unrestricted free agent, but that’s not the alternative in Foye’s case.
Two … let’s think about this 2010 free agency thing a little bit more.
As of right now, the following teams are projected to have max-ish cap room, even if the cap drops more: Chicago, LA Clippers, Miami (room for two max contracts), Minnesota, New Jersey (room for two), New York (room for two … maybe), Oklahoma City. Another team, Sacramento, will have pretty significant cap room. Detroit, if they trade Rip Hamilton, joins the party too. And if Cleveland and Toronto lose their max free agents, they might have a lot of cap room as well. Houston joins the picture if they keep Yao Ming and let a number of their other guys on options leave. Finally, Dallas has no cap room, but they have the huge trade chip in Erick Dampier’s expiring contract that could steal one of the top free agents.
That’s a lot of teams with money to spend even if the cap drops. As many as 12 teams.
Now, how many max free agents will probably move? Let’s be optimistic and say that four of the following switch teams: LeBron, Wade, Amare, Bosh, Joe Johnson, Dirk, Yao, Pierce, Boozer. That taps into four teams’ max contract space. More specifically, let’s say LeBron stays in Cleveland, Wade stays in Miami, Bosh goes to Miami to join him, Amare goes to New York, Joe Johnson goes to Dallas for Dampier and Carlos Boozer goes to Chicago. That’s probably not going to happen, but let’s be optimistic.
Now, Dallas and Chicago are all capped out, as is Cleveland. Miami and New York have a little money to play with, but they’re out in terms of another max guy. However, New Jersey, the Clippers, Minnesota and Oklahoma City still have cap room to sign a max guy, and there aren’t any more max guys out there. In addition, Houston, Atlanta (because they lose Johnson), Detroit (maybe), Milwaukee (maybe), Toronto and Sacramento will likely have more than the mid-level to spend.
Yes, there is a lot of supply in 2010. Guys like Ray Allen (doubt it), Raymond Felton, John Salmons (doubt it, but we’ll see), Tyrus Thomas (restricted), Luis Scola, Marcus Camby, Rudy Gay, Michael Redd (severely doubt it, he’s got an option for over $18 million in 10/11), David Lee, Nate Robinson, Al Harrington, Travis Outlaw, Manu Ginobili (doubt it) and Foye’s teammates Brendan Haywood and Mike Miller are out there in Foye’s range or higher. But a lot of those guys will stay with their current teams. I’d say about nine of those guys are really a possibility for other teams to sign, and of those nine, Foye’s probably near the middle of the pack in terms of value.
Houston, for example, could use a point guard if Aaron Brooks opts out and go after Foye. If Atlanta loses Joe Johnson, Foye’s not a terrible fall-back. The Nets need talent somewhere, so why not go for a combo like Foye and David Lee to fill their cap space? Toronto needs a shooting guard, why not Foye?
Those are possible teams that could swoop in there and drive up Foye’s price. Then, if you pay Foye a little more to keep him, what happens if Miami or someone else offers Brendan Haywood a bigger contract than you’d like? This all has a domino effect, even in a year where there’s so much economic uncertainty. The guys who will suffer in 2010 are the players in the tier below the guys I listed — the Brad Millers, Drew Goodens, Erick Dampiers and Hakim Warricks of the world. Not these guys.
In the end, the best argument against mine is that we just don’t know enough about Foye to make a long-term commitment. I get that. But that didn’t stop EG from extending Butler, and unless we trade Foye later in the year (good point, cuppettcj, that sentence is poor), then the chances of us overpaying to keep him are greater.
Apologies for the long post.
You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.
by Mike Prada on Nov 3, 2009 12:18 PM EST reply actions 0 recs
In the Aaron Brooks line
Meant to say “doesn’t work out,” not “opts out”
You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.
by Mike Prada on Nov 3, 2009 12:19 PM EST up reply actions 0 recs
Really strong response
Hard to argue with a lot of that. Besides the counter arguments you already articulated (don’t know enough about Foye yet or plan to trade him later) I can think of two other reasons not to sign him:
One, Foye could get hurt (always the case with players, but why guarantee money before you have to).
Two, you don’t care about the cap. Look , the Wiz are not going to have cap space to sign free agents in the next 2-3 years. If management has given you the green light to match any contract you want, just pick the right guys, why tie your hands now? It really does not affect our cap situation, and just gives you more time to sign the right guys.
Also, the one point not addressed, we dont know what Foye would have signed for. Maybe Ernie offered him a contract he thought was fair, and Foye wanted too much and was willing to bet that he can get a lot more money after playing well this year. I am sure Foye’s agent is aware of the numbers you laid out, and probably told him if you hold out and IF you play well I can get you a lot more money. Maybe there was no reasonable deal to be had
by Blatche4MVP on Nov 3, 2009 1:10 PM EST up reply actions 0 recs
Point three is what probably happened
Because Lee said the two sides were close.
Obviously, this is all a theoretical argument. It’s much harder to come to an agreement in practice, as we’ve seen. That’s why EG gets paid the big bucks, of course.
I’m not bashing EG for his decision, it makes sense. I just feel like the consequences now of not signing him early need to be pointed out.
I’m also hoping the cap isn’t a consideration, but I fear it will be.
You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.
by Mike Prada on Nov 3, 2009 1:26 PM EST up reply actions 0 recs
It's really not this complicated
All of your concerns about free agency may be well founded, but I just don’t see the relevance. You are presenting a false choice: sign him for X dollars now, or sign him for Y dollars in the future (with Y being more than X in your estimation, though we don’t know for sure).
The real choice is much simpler: EG won’t pay more than X dollars no matter what. Foye isn’t willing to settle for X dollars until he tests the free market. So there’s nowhere to go from here. The decision must be postponed.
by nate33 on Nov 3, 2009 2:07 PM EST up reply actions 0 recs
I'm not really presenting a choice at all
I feel like I acknowledged above that this is a theoretical argument rather than a practical argument.
I’m really saying this: “Because X happened, it’s not more likely that Y (what Lee said) will happen, it’s more likely Z (what I’m saying with his price tag going up) will happen.”
You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.
by Mike Prada on Nov 3, 2009 2:24 PM EST up reply actions 0 recs
Fair enough
But then, it’s really an academic discussion. If EG is already unwilling to pay Foye’s price now, then what does it matter if he gets more expensive this summer? It’s still better to wait becase there’s at least a chance he’ll get cheaper.
by nate33 on Nov 3, 2009 2:52 PM EST up reply actions 0 recs
If EG is already unwilling to pay Foye’s price now, then what does it matter if he gets more expensive this summer? It’s still better to wait becase there’s at least a chance he’ll get cheaper.
It matters because -
1. He might (likely, because he’s still young and improving) have played himself into being a more valuable piece at the end of the year than he is now, which means he’ll have to be overpaid to keep.
2. Those extra dollars to keep Foye might mean a better chance of losing someone else to free agency (e.g. Haywood).
3. If EG doesn’t re-sign Foye next summer and doesn’t turn him into someone else in a mid-season trade, we then traded the fifth pick in part for a one-year rental, which I think is bad.
You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.
by Mike Prada on Nov 3, 2009 2:59 PM EST up reply actions 0 recs
Imposing Blair into the conversation - sorry, couldn't help it
Why would a one year rental be bad?
We’re using the #32 pick to rent Oberto for one year….
At least with Foye, there are a number of options behind him…. With Oberto, there’s only Blatche.
Bullets Forever - where "Dagger ! " happens......
by Rook6980 on Nov 3, 2009 3:36 PM EST up reply actions 0 recs
It's like we're talking past each other
For argument’s sake, let’s say Foye is demanding $10M a year, no less. What would you do if you were EG?
by nate33 on Nov 3, 2009 3:47 PM EST up reply actions 0 recs
You're missing an important point
(Your #2) – the dollars to extend him RIGHT NOW might mean losing Haywood in the off-season.
by RamVA on Nov 3, 2009 3:57 PM EST up reply actions 0 recs
But based on past history with these things, Foye's value is far more likely to go up rather than going down
You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.
by Mike Prada on Nov 3, 2009 3:59 PM EST up reply actions 0 recs
Those are independent points
You gotta pick your poison -
- Either lock him up now for probably less but possibly more than you’d pay next summer, or
- Bide your time, make sure you can sign BTH, then do what you want with Foye (and Miller). You might pay more for the privilege (option).
If the news had come out that EG had signed him for (say) 5/$40, I would:
a) conclude that Miller was not getting resigned next summer,
b) assume that Young was trade bait,
c) roast Ernie for blowing his load now instead of keeping his options open, and
d) be very concerned that we might not retain BTH.
The only deal that wouldn’t have me worried is something south of $25-28MM.
by RamV on Nov 3, 2009 4:45 PM EST up reply actions 0 recs
"Pick your poison" is a good way of putting it
You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.
by Mike Prada on Nov 3, 2009 5:02 PM EST up reply actions 0 recs
So a question about how this might affect sign and trades....
I’m completely lost on how they work, but I wonder how all this player movement is affected by sign and trade possibilities. Considering a situation like Toronto where it has been mentioned that Bryan Colangelo may look to sign and trade Bosh this summer, does a situation like ours where we have multiple players who are appealing provide an avenue to acquire a big time free agent?
I’m not specifically suggesting Bosh, but there are guys like him or a Rudy Gay that seem to want out of town. I think back to the complicated deal this summer where Turkgolu, Marion, Stackhouse, etc. were traded. Yes, Toronto had room, but Dallas didn’t have cap space. Could our expiring contracts for quality players help facilitate some deal in the summer frenzy?
Just asking cause I’m completely confused. And this might factor into Ernie’s thinking.
by gorebd on Nov 3, 2009 4:46 PM EST reply actions 0 recs
And I know there's BYC
That’s why I’m confused and don’t understand how Marion is a Mav. Or what that could mean for us.
by gorebd on Nov 3, 2009 4:47 PM EST up reply actions 0 recs
Ignore Marion
Marion’s deal was a complicated 3-way involving Memphis. Memphis had cap space at the time so they were able to circumvent the traditional BYC and salary cap issues.
For Foye or Miller to be used in a sign-and-trade with no restrictions, their new contracts have to be less than or relatively equal to their current salary. That won’t be a problem with Miller but it probably will be with Foye.
Foye’s BYC issues probably won’t be that bad though. Foye is likely to get a new contract only a few million more than his existing salary. You can make it work if both sides throw in some extra cap filler.
by nate33 on Nov 3, 2009 5:01 PM EST reply actions 0 recs
Also, Marion wasn't BYC eligible, right?
I thought the real problem was that Toronto would have had to renounce all their free agents to sign Hedo Turkoglu, so they instead traded them to keep all their exceptions available.
You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.
by Mike Prada on Nov 3, 2009 5:03 PM EST up reply actions 0 recs
There is no way Dallas would have been able to make the money work with Marion
If he was BYC. He got too much money, and they were well over the cap at the time of the deal.
No mistakes in the tango, darling. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....
by pookeyguru on Nov 4, 2009 9:54 AM EST up reply actions 0 recs
Ok, I think I kinda understand what happened
so we may be able to utilize our free agents for some sign and trade potential, but it depends on what kind of deal they receive. So it seems like Haywood and Foye might not be likely because they’ll will probably receive significant raises. Miller on the other hand, might be eligible.
Now kind of off the original topic, but related to this spin off, does that mean that BYC might not apply to guys like Lebron, Bosh, and Wade? Most of them make near 16-18 mil. The last few max contracts seem to start in that range, but the cap is also going down.
I’m asking all of this trying to figure out if our acquisitions have put us in position to make a power move. I don’t have a particular move in mind, but many on BF have talked about the trade deadline and not discussed if we can be involved in next summer’s melee. If our team continues to improve, we may be a very attractive destination. I’m wondering if our pending free agents may also give us pieces to send back to a team.
by gorebd on Nov 3, 2009 5:23 PM EST up reply actions 0 recs
On the max free agents
You’re correct.
You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.
by Mike Prada on Nov 3, 2009 6:10 PM EST up reply actions 0 recs
Math is NOT your MAJOR
I don’t know what you are trying to prove but the difference between Group 1 and Group 2 is less than $200K. Grp 1 per year 9.68 Group 2 $9.8.
Also, why Kendrick Perkins he didn’t even get the Mid Level Exception and for good reason. He’s no star. He was rewarded for hard work. If you take him out Grp 1 goes to 10M and Grp 2 is 9.8.
Also, you do realize that Josh Smith was a restricted free agent and signed an offer sheet with Memphis. It is my understanding that he played for his rookie scale the year he signed his offer sheet and his new salary didn’t kicked in until the following year. So he took it in the shorts. He would have been better off playing out his option and being an unrestricted free agent, when he might have gotten a max or almost max contract.
Also, why wasn’t Ben Gordon on the list. He lost millions by not signing with Chicago a $55-58M extension when it was offered, at least those were the rumors. And I think, if you tried you could find more “Ben Gordon’s” that lost money by not signing early.
Why did you bother to include David Lee at 1 yr $8M. That doesn’t make much sense either. The Knicks basically rewarded him for performance, and didn’t give him and didn’t give him a long term contract.
I really think if your tried you could find all kinds of guys who were way overpaid for their performance by signing early – Mike Dunleavy, Troy Murphy and AK47 just to name a few.
Like I said, Math just isn’t your strong suit!!!!!!!!!!!!!
by badax33 on Nov 3, 2009 5:21 PM EST reply actions 0 recs
Way to miss the point
The first list is a little cheaper and a lot better than the second. They are on the whole (though not universally) much better contracts.
by RamV on Nov 3, 2009 5:35 PM EST up reply actions 0 recs
Comment of the year
You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.
by Mike Prada on Nov 3, 2009 6:11 PM EST up reply actions 0 recs

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