So - How much did the Wizards save with this trade?

by Rook6980 on Jun 24, 2009 2:14 PM EDT

Editor's Note: Rook's calculations assume the Wizards will NOT pick up Randy Foye's 2010/11 qualifying offer of 4.8 million, which doesn't seem like a realistic assumption to me. Of course, the Wizards could pick up the QO, watch someone else sign him and not match to save the listed money. -MP

It depends on how far out you go, as to how much the Wizards saved.... First, let's make a few assumptions.

1. Assume that Darius Songaila would pick up his Player Option for the 2010-11 season

2. Assume that the team would NOT pick up the Team Option on Pecherov for the 2010-11 season

3. Leave the Draft Pick's Team Options off the calculation

Outgoing Salaries:
Etan Thomas 2009-10: $7,350,000
Darius Songaila 2009-10: $4,526,000 2010-11: $4,818,000
Oleksiy Pecherov 2009-10: $1,547,640
Total Outgoing 2009-10 $13,423,640 2010-11: $4,818,000

5th pick 2009-10: $2,636,400 2010-11: $2,834,200

Total 2009-10: $16,060,040 Total 2010-11: $7,652,200

Incoming Salaries:
Mike Miller $9,750,000
Randy Foye $3,575,761
Total Incoming 2009-10: $13,325,761

Savings 2009-10 = $2,734,279
Savings 2010-11 = $7,652,200
Total Savings = $10,386,479

This represents the view of the user who wrote the FanPost, and not the entire Bullets Forever community. We're a place of many opinions, not just one.

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This is only if the Wizards don't pick up Foye's qualifying offer

You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.

by Mike Prada on Jun 24, 2009 2:18 PM EDT reply actions

That is correct

If they renounce Foye after the 2009-10 season, they save $10,386,479

They can submit a qualifying offer of $4,795,095 making Foye a restricted Free Agent…. giving the Wizards the right to match any offer….
The whole Qualifying Offer – Restricted Free Agent thing kinda makes calculating the savings difficult… Will he play well enough in 2009-10 to garner interest? How much will a potential suitor want to offer to Foye? etc….

Bullets Forever - where "Dagger ! " happens......

by Rook6980 on Jun 24, 2009 2:40 PM EDT up reply actions

I'm sure Foye will get more than five million from somewhere

You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.

by Mike Prada on Jun 24, 2009 2:49 PM EDT up reply actions

And no, they don't save additional money by renouncing Foye

Because you’ve already renounced him. Picking up Foye’s qualifying offer reduces the savings to just under 3 million. Then, of course, if he re-signs elsewhere and you don’t match, you get back to 7.6 million.

You know you'll get devoured by Cheaney, Wallace, and Juwan Howard.

by Mike Prada on Jun 24, 2009 2:51 PM EDT up reply actions

at least the wiz have the choice

we were going to be forced to pay songaila’s 5 million. we only have to pay foye or miller if we decide to keep them.

the only knock on the salary aspect of this is that EG is the one who gave out the bad contracts in the first place… i think we added some much needed future flexibility. maybe not enough though. i still don’t see how we’re going to resign haywood and butler, much less foye and miller, but every little bit helps i suppose.

i really hope gil’s knee is good to go.

by DarrellWalkerFan on Jun 24, 2009 7:52 PM EDT up reply actions

I actually don't think Songaila's deal was bad

4.5 million a year for a decent big man is pretty normal, maybe even less than normal. Etan’s deal wasn’t even that bad at the time, since he was borderline starting center, and most of them make somewhere between what he makes and ten million, plus Grunfeld was just matching the Bucks’ offer.

by pantslessyoda1 on Jun 24, 2009 8:35 PM EDT up reply actions

that's fair

i don’t think songaila or thomas was what we projected them to be though. at this point it’s hard to say darius would have contributed much. i’d rather have that 5 mill to throw around.

by DarrellWalkerFan on Jun 24, 2009 8:41 PM EDT up reply actions