REPORT: Millsap offer official now. Sent to Utah.

Discussion in 'Portland Trail Blazers' started by RickyRubio, Jul 9, 2009.

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  1. B-Roy

    B-Roy If it takes months

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    Re: It is finally official.

    You should check the other thread.
     
    B-Roy, Jul 10, 2009
    #221
  2. Reep

    Reep Well-Known Member

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    Re: It is finally official.

    Late to the dance.
     
    Reep, Jul 10, 2009
    #222
  3. RickyRubio

    RickyRubio He Hate Me

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    Re: It is finally official.

    What, the un-official thread that I made?

    That has 9 pages of clutter.
     
    RickyRubio, Jul 10, 2009
    #223
  4. Reep

    Reep Well-Known Member

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    Re: It is finally official.

    The official notice was already in this thread toward the end.
     
    Reep, Jul 10, 2009
    #224
  5. Erroneous Subterfuge

    Erroneous Subterfuge meh

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    Re: It is finally official.

    And now your new thread is part of that clutter. Congrats.
     
    Erroneous Subterfuge, Jul 10, 2009
    #225
  6. Ed O

    Ed O Administrator Staff Member Administrator

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    Re: It is finally official.

    Man, it'd be sweet if Utah doesn't match...

    I don't think that this impacts Roy and his situation at all... at least not negatively. We know the Blazers had at least $50m over five years to spend on Hedo, and I would imagine that they have money slated to pay for Roy, Aldridge and Oden over the next few years.

    I just wonder how they managed to lure Millsap in spite of Roy not feeling warm and fuzzy!

    Ed O.
     
    Ed O, Jul 10, 2009
    #226
  7. LittleAlex

    LittleAlex Well-Known Member

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    Re: It is finally official.

    Perhaps the 16 million payout in year one had something to do with it.

    They front loaded a signing bonus to put the contract offer out of reach of Utah.
     
    LittleAlex, Jul 10, 2009
    #227
  8. B-Roy

    B-Roy If it takes months

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    Year........Salary.....................Bonus...... ..............Cap Hit..................Paycheck
    1..............$6,425,000............$1,575,000... .........$8,000,000.........$14,300,000
    2..............$7,065,000............$1,575,000... .........$8,640,000...........$7,065,000
    3..............$7,756,200............$1,575,000... .........$9,331,200...........$7,756,200
    4..............$8,502,696............$1,575,000... .......$10,077,696...........$8,502,696
    Totals......$29,748,896........................... ............$36,048,896.........$42,348,896

    I stole this from a poster on Realgm.

    It's how the deal could be structured. 14,300,000 is how much Millsap would be paid the first year. However, since the Jazz will be over the tax, they will also pay an extra 8,000,000 which is Millsap's cap hit. 14,300,000 + 8,000,000 = 22,300,000 for Millsap if the Jazz match.
     
    B-Roy, Jul 10, 2009
    #228
  9. RickyRubio

    RickyRubio He Hate Me

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    Holy cow!! KP just took it to the Jazz hard core!
     
    RickyRubio, Jul 10, 2009
    #229
  10. Ed O

    Ed O Administrator Staff Member Administrator

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    Re: It is finally official.

    I hope it's out of reach for Utah!

    And, yes, I agree that money is the reason Millsap is coming to Portland to be a backup. Roy's reluctance to help the team out by recruiting players is not really a factor compared to the mighty dollar.

    Ed O.
     
    Ed O, Jul 10, 2009
    #230
  11. Reep

    Reep Well-Known Member

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    This is assuming there are no team or player options years--either of which would increase the bonus part up front. If there were two options years, then the first year hit goes from $14.3M up to almost $17.5M.
     
    Reep, Jul 10, 2009
    #231
  12. RoyToy

    RoyToy Clown Town

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    Wouldn't this put the Blazers over the cap as well, meaning they are willing to pay the tax?
     
    RoyToy, Jul 10, 2009
    #232
  13. B-Roy

    B-Roy If it takes months

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    Probably, if the cap goes down next year. Roy's and Aldridge's extensions won't kick in until the year after, so their tax hit will be significantly less than Utah's.
     
    B-Roy, Jul 10, 2009
    #233
  14. Reep

    Reep Well-Known Member

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    Also, the cap and the luxury tax threshold are two different numbers. I believe the Blazer will be over the cap, but try to stay below the luxury tax line.
     
    Reep, Jul 10, 2009
    #234
  15. B-Roy

    B-Roy If it takes months

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    No, if Millsap is signed to this offer, and the cap goes down 7-8 million like the memo said, we will be in the tax.
     
    B-Roy, Jul 10, 2009
    #235
  16. RoyToy

    RoyToy Clown Town

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    They're really giving Millsap a good amount of money. I don't understand doing this before you lock up Aldridge, or even doing it at all if you feel Aldridge is your guy for the next decade.

    I'd be surprised if Aldridge isn't pissed.
     
    RoyToy, Jul 10, 2009
    #236
  17. Ed O

    Ed O Administrator Staff Member Administrator

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    I would say that it does.

    Portland has Paul Allen, and even in the new era of economic uncertainty and badness, it's great to see him flex his liquidity muscles here.

    Because it IS about liquidity here.

    Can the Jazz get access to that much money next year? They presumably budgeted money for Millsap over the next four or five years... maybe even a bit more than this. But that money might be coming from future revenue, and they might have to work hard to free up enough money to pay Millsap this much this fast.

    Ed O.
     
    Ed O, Jul 10, 2009
    #237
  18. BTOWN_HUSTLA

    BTOWN_HUSTLA NOW BUZZ KILLINGTON

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    cap space genius Tom Penn strikes again!!!! :NOTMARIS:
     
    BTOWN_HUSTLA, Jul 10, 2009
    #238
  19. Reep

    Reep Well-Known Member

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    Not for 2009-2010, but maybe for the next year--if we keep everyone.
     
    Reep, Jul 10, 2009
    #239
  20. RoyToy

    RoyToy Clown Town

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    From John Hollinger twitter"

    "Blazers can give Millsap 4 yr, $28 mil plus $6 mil bonus up front. But the cap figure would still be 7.7 million, so no extra tax for Utah"
     
    RoyToy, Jul 10, 2009
    #240
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