Blazers had tried to claim Miles off waiver?!?

Discussion in 'Portland Trail Blazers' started by Darkwebs, Jan 13, 2009.

  1. alex42083

    alex42083 Thanks Brandon

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    Yeah.. poor Miles having to collect his $9 mil this year and next year, while playing 2-3 mins in garbage time every game.
     
  2. thedude9990

    thedude9990 JBB JustBBall Member

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    well technically he isn't collecting anything other than whats on his 10 day contract right now. you guys are upset because its affecting your favorite team but imagine if your union stopped protectin you
     
  3. e_blazer

    e_blazer Rip City Fan

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    The Blazers are paying him $9 mil per year. The pittance he makes on the 10 day contract is in addition to that.
     
  4. elcap15

    elcap15 I slap you

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    If a team waives someone and recieves cap relief ONLY if he never plays again, then yes, said team should not be able to resign him and control his fate.

    I think Miles has a good case in a law suit againt the Blazers organization for that email.
     
  5. thedude9990

    thedude9990 JBB JustBBall Member

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    as of rigt now the blazers aren't paying him anything
     
  6. thedude9990

    thedude9990 JBB JustBBall Member

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    exactly, if he wants to play, them signing him will not allow him to play.
     
  7. alex42083

    alex42083 Thanks Brandon

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    Why isn't he collecting his $18 mil?
     
  8. BrianFromWA

    BrianFromWA Editor in Chief Staff Member Editor in Chief

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    You are incorrect, sir. The Blazers are paying 20% of the 18M owed on his contract. Insurance covers (tax-free, iirc) the other 80% of his contract. PA doesn't get out of paying him b/c his knee blew up...he gets out of paying the part the insurance covers.

    Miles makes more being on insurance than he does if he'd been playing at an AllStar level
     
  9. oldmangrouch

    oldmangrouch persona non grata

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    Where is this disinformation campaign coming from? The Blazers (and their insurance company) are paying Miles $18 mil!
     
    Last edited: Jan 13, 2009
  10. Boob-No-More

    Boob-No-More Why you no hire big man coach?

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    You are wrong, completely, totally wrong.

    Miles will still receive the full amount remaining on the contract he signed with the Blazers. He received his $8.25million last season, is receiving his $9 million this season and will receive his $9 million next season.

    Currently, insurance is paying 80% and the Blazers 20%. If Miles plays the CBA stipulated 10 games, the Blazers will be responsible for his full $9 million this season and next.

    But, this has never been about paying Miles his salary. It's about cap space and luxury tax.

    BNM
     
  11. Boob-No-More

    Boob-No-More Why you no hire big man coach?

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    Not sure on the tax free part. It depends on who purchased the insurance. If the insurance was purchased by his employer, he has to pay taxes on it, just as if he was still being paid by his employer. If Miles had purchased his own disability policy, his payout would be tax free.

    Since his contract was guaranteed, there would have been little reason for Miles to have purchased the insurance. It's far more likely that the Blazers purchased the policy to protect their investment. I wouldn't be suprised if this was standard procedure. In fact, I'd be surprised if it wasn't. With all NBA contracts being guaranteed, a team doesn't want to be stuck paying a bunch of players several million a year when they can't even play due to injury.

    BNM
     
  12. BrianFromWA

    BrianFromWA Editor in Chief Staff Member Editor in Chief

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    Thanks BNM...I thought it was the other way around, but what you said makes sense.

    Either way, I guess, Miles gets every cent of his contractual amount.
     
  13. NattaNerNuttaMan

    NattaNerNuttaMan NattaNerNutta like Spike

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    1. The Doctor was APPROVED by both the League AND PORTLAND...so if they agreed with the doctor they were gonna use....the independent doctor argument goes out the window...the doctor was agreed upon by both parties.

    2. It's wasn't so much that the league won't let you sign a player back....it was the REASON of why they wanted to sign him back...they had no intentions of entertaining Miles' comeback, but to protect thier capspace...so in the best interests of the PA in regards to thier employee....they want to give him the opportunity to sign with a team that will let him see the floor.

    Now I don't blame the Blazers for trying to protect thier capspace, but to send out an e-mail threatening to sue teams when you were going to sign him for the sole purpose saving money....that's just crazy! When they were denied waivers on Miles....they should have just sucked it up and planned ahead, with his cap draining contract in mind. Hell, when it all comes down to it....they signed him to the monster deal....they went along with the word of a doctor they agreed upon with the league....so they have to live with the situation at hand. Sure it sucks and injuries are part of the game....
     
  14. oldmangrouch

    oldmangrouch persona non grata

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    Miles last played (40 games) in the 05-06 season. Since then, he has been collecting $9 mil a year from the Blazers to sit on his butt. The Blazers are still paying him this season, and will still be paying him next season.

    Attempting to paint Miles as some kind of "victim" here, is beyond absurd. :crazy:
     
  15. thedude9990

    thedude9990 JBB JustBBall Member

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    oh i didn't know that I'm sorry.
     
  16. BrianFromWA

    BrianFromWA Editor in Chief Staff Member Editor in Chief

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    Nutterman: I feel like the Happy Gilmore game show host right now after "Puppy Who Lost His Way".

    I have no idea how you're spinning that the league- and Portland-appointed doc has any bearing against Portland. The doc said he couldn't play and met the requirements for the cap space exception. Then, when Portland saw that teams were deliberately screwing with Miles to put the cap space back on (what I would call "bad form" and other legal minds may call "fiduciary duty" :dunno:) they attempted to use league rules to rectify the situation and get him back off of waivers (since no team was willing to claim him, I don't understand how the league could stop it or the NBPA could let them). Where's the grievance saying that Miles had a team willing to give him guaranteed money, but the NBA League Office stopped it? (Side Note: Proof # 344 that Billy Hunter is the most undeniably stupid union rep in my limited area of knowledge. And it's not close) Instead, Miles gets a vet-minimum, pro-rated 10-day contract (worth, if my arithmetic is correct, 1/110 of veteran's minimum * number of games he plays on the 10-day), instead of the fully-guaranteed rest of his contract. That seems like it's close to 500k.
     
  17. elcap15

    elcap15 I slap you

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    So what? It doesnt matter how big a douche bag he is, (Miles is a huge one) the Blazers threatened to sue anyone who hired him. Im no lawyer, but Im sure there is a legal precedence here.
     
  18. Boob-No-More

    Boob-No-More Why you no hire big man coach?

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    No, they didn't threaten to sue anyone who hired them. The threatened to sue anyone who hired him specifically with the sole intention of harming the Blazers financially (cap space and $9 million in luxury tax payments). They said they were fine with a team signing him to actually play him, but they weren't OK with a team signing him just to screw the Blazers out of millions of dollars in cap space and millions of dollars in luxury tax payments. Do you not see the difference?

    BNM
     
  19. Norman Dale

    Norman Dale Hickory Huskers Coach

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    Isn't it interesting that the league would reject the Blazers from picking up Miles off of waivers to protect their cap space, but let other teams in the league pick up Miles to screw with the Blazers cap space. Additionally, to say that the league didn't allow the Blazers to pick up Miles because of the way they were going to use him, how can they prove that? Probably the same way the Blazers could prove that other teams are only signing him to screw the Blazers' cap space.
     
  20. MARIS61

    MARIS61 Real American

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    Actually, by trying to pick him back up on waivers the Blazers have publicly declared they believe him able to play and not someone with a career-ending injury. Pretty stupid.

    They have shot themselves in the foot, and should take their punishment rather than continue to sink into a legal abyss of deceit and lies.
     

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