With the Warriors committed to several expensive and lengthy contracts, should they consider the one-time option to buy out a player? This does not mean the Warriors will lose the player, because they can turnaround and resign them once they clear waivers. <div class="quote_poster">Quote:</div><div class="quote_post">Each team will be given a one-time option this summer to waive one player from its roster and receive luxury tax relief. The team will still have to pay the player and his salary will still count against the cap, but the team won't have to pay a luxury tax on his salary. For example, the Knicks' Allan Houston might a candidate to be waived because of this rule. </div> I think the Warriors should consider using this option on one of the following 3 players. Derek Fisher - 5 years remaining / $27Million Getting rid of his contract would save Cohen money, but also the Warriors get a Mulligan (pun intended) on the deal they gave to Fisher. His current salary would end when he turns 36 years old. Fisher still has some value because of his locker room leadership, playoff experience, and occassional 20 point game. However, his contributions don't justify his deal, and the Warriors could consider bringing him back for a shorter deal (2 years) and far less money. Adonal Foyle - 6 years remaining (1 is a team option) / $44Million Another suspect signing by Chris Mullin, but he gets a chance to rectify the mistake by buying out Foyle and then resigning him for cheaper. The Warriors might even consider letting him go permantly depending on who they draft and how much Biedrins improves in the summer. Baron Davis - 4 years remaining / $62.5Million It's a lot of dough to shell out, and the Warriors have to have assurances B. Diddy doesn't pull a Boozer and bolt after he cashes in and becomes a free agent. However, if both sides can agree to a deal, this saves the organization A LOT of money, potentially $62.5Million in luxury tax. Saving that much money is enough to put a smile on Cohen's face and maybe do something about upgrading the Coliseum. Or the Warriors could use some of the money saved to overpay for some other players. Let's say the Warriors allocate $20Million from the $62.5Million saved towards their roster. The $20Million would really cost $40Million ($20M + $20M in luxury tax), but still Cohen has a net savings of $22.5M. So the Warriors should sharpen the ax and take a Bash Brother Swing at one of these contracts.
Well, the rule actually doesn't null the rest of the contract. Instead, it provides relief only against the Luxury Tax - you still have to follow the rest of the rules regarding waiving, i.e. paying the player until his contract ends. Since I don't believe that the Warriors will be close enough to the luxury tax unless they resign Dunleavy to a huge contract (please, please, please no) or make some blockbuster trade including the $5 million trade exception (which would be all kinds of awesome, hopefully) then there's no need to use the Tax Ax. I think we'd need to hit about $65 million to even consider using it. The tax axe is best for teams way over like Portland and New York - teams that are way, way over the cap. If we resigned Dun, I'm not sure who'd we'd ax; if we orchastrated some huge trade and used our $5 million trade exception, I think who'd we ax would depend on who we got - though it'd be more likely to be Foyle, I imagine.
Zhone would you happen to know the details on JRich's and Murph's contract extensions and the projected salary number for the Warriors next year? Hoopshype has yet to update any players signing extensions. Right now the Warriors are projected to be at $36M and some change. I was thinking ahead for when the Warriors make a move with Dunleavy. Even if they don't keep him, they'll probably do a sign and trade, so the Warriors would have to take back another hefty contract I imagine. Plus they have Pietrus' rookie contract expiring in a couple of years to consider. Foyle would also be my choice as well.
Not too clear on this,would waive let another team grab a player for his existing price,as in baseball? If so,waiving Baron is out,and waiving Foyle can be a risk. Might this let us perhaps let Calbert go elsewhere? It seems that the W's would not get free of the 27 mil on the D Fish deal,and waivers would be irrelevant if nobody else wanted him at that price tag. The W's won't hand him $27 million to just walk away-and the new CBA seems to give some gap between our payroll and whatever point luxury tax kicks in, Pending more info,I'm not certain we get anything,but it's worth considering.
<div class="quote_poster">Quoting shapecity:</div><div class="quote_post">Zhone would you happen to know the details on JRich's and Murph's contract extensions and the projected salary number for the Warriors next year?</div> I don't know the year-by-year breakdown, but I know the total contract amounts: JRich's contract goes for $70 million over 6 years. Presumably, considering raises and such, starting at $9 million with max raises, or an average of 11.7 million per year. Murphy's contract goes for $58 million overy 6 years. Presumably, starting at about $7.5 million with max raises, or an average of nearly 10 million per year. With White and Skita expiring and Cheaney taking his option, and with the #9 guaranteed pick, that means the Warriors are sitting at about $55 million, which would be over the cap but well under the luxury tax threshold. The problem comes in the next few years, though, which would mean that Cohan & co. will certainly consider cutting if it gets closer via trade/etc. (The number 9 pick will add about 2 million in the first year, even under the new CBA.)
big problem w/ this rule, the team that cuts the player can't resign him, i say trade fish to la for atkins and cut atkins...or maybe just cut cheney
