hey anyone else excited that douby is still a raptor? douby has a lot of upside and apparently a tireless worker as well.
It's been approved by the league offices and is official. Tomorrow we'll have the press conference to announce it. Source: ESPN.com Looks like we're throwing in a 2nd rounder too, as well as some cash at the side (for Dallas). On another note, how ridiculous would it have been if the deal fell apart because of Quincy Douby?
Technically, it's not cap space. They are exceptions that teams over the cap can use to sign players. Still, this worked out amazingly well for the Raps - much better than renouncing Marion, Parker and Delfino to get under the cap, giving up your exceptions and signing Hedo. You were lucky on three counts: 1) Dallas wanted Marion enough to pay him $40 million over 5 years 2) Orlando agreed to a sign and trade rather than just letting Hedo walk 3) Memphis was willing to give away $7 million in cap space for a 2nd round draft pick BNM
Pretty excited about Wright, the guy isn't gonna be spectacular but at least athletic and can contribute.
You're right. Thanks for the correction. Stackhouse's buyout was only $2 million, so Memphis only had to waste that much cap space. They more than made it up with the cash considerations from Dallas. And Orlando basically got a trade exception for free, by agreeing to sign-and-trade Hedo. Neither side did anything that wasn't a no-brainer. This deal happened because of Colangelo's ability to adapt on the fly and because Mark Cuban was relentless in his pursuit to overpay Marion.
dont thank colangelo, thank queen's grad, steve fruitman: http://www.theglobeandmail.com/spor...lary-cap-puzzle-fits-together/article1213125/
lol, that's a wicked story. That dude sounds like a typical forum poster with his wacky trial-and-error approach.
Queen's is the last place I'd look for an advisor! Thanks for the clarification, guys. Also, I don't know how much "luck" was involved in the deal as everyone seemed to get something they wanted out of it. If anything it was a well orchestrated trade by two clever GM's and two persuadable ones.
They also gave up a ton of cap space to Orlando in the form of the traded player exception. Most teams would have wanted to preserve the cap space to sign a quality player, but Michael Heisley is a notorious tightwad. He'd rather take cash from Dallas (likely $2 million to buy out Stackhouse and another $1 million for his trouble - $3 million is the max cash that can change hands as part of a trade) than use the cap space to sign a player. Otherwise, why would have Memphis agreed to be the 4th party in this trade - the only one with the cap space necessary to make it happen. So, they basically sold their cap space for cash (likely $1 million) and a future 2nd round pick. If Memphis would have chosen to use their cap space to sign a player, this trade would have never happened. You would have had to renounce Marion, Parker and Delfino to get far enough below the cap to sign Hedo - and you would have also had to forfeit your MLE and bi-annual exception. Memphis did you a HUGE favor. You ended up getting two experienced back-ups and have the two exceptions to fill out your bench. BNM
You're right in that respect. We sure as hell were fortunate that Memphis has that particular business philosophy (I read somewhere that Heisley said the team was profitable last year in large part because of their participation in deal's like this). Although with the dire straights that many NBA owners are in these days, I'd have to think that we could have found another team to play Memphis' role. I'm most thankful for Cuban though. Once the dude gets his mind set on something, he just does not let up (no matter how questionable that Marion signing might be). Colangelo mentioned that the deal was on the verge of falling apart more than a few times, and I bet Cuban's determination (and deep pockets) were the primary reason it never fully did.
