OT: Richard Jefferson- financial GENIUS

Discussion in 'Portland Trail Blazers' started by EL PRESIDENTE, Jul 21, 2010.

  1. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    per hoopsworld...

    Richard Jefferson's new Spurs deal -
    Yr 1- $8.4 mil
    Yr 2 - $9.28 mil
    Yr 3 - $10.16 mil
    Yr 4 - player option - $11.04 mil
     
  2. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

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    Re: Richard Jefferson- financial GENIUS

    ah fuck, i pulled an ABM...
     
  3. BrianFromWA

    BrianFromWA Editor in Chief Staff Member Editor in Chief

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    wow...turns 1/15 into 4/39. 24M more guaranteed dollars. Good move on his part, b/c if he has another year like this one he's probably not even going to get MLE for 2011-12
     
  4. tlongII

    tlongII Legendary Poster

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    The Spurs' front office is rapidly losing their mojo.
     
  5. huevonkiller

    huevonkiller Change (Deftones)

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    Why would they sign him to that deal? Bad.
     
  6. alex42083

    alex42083 Thanks Brandon

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    Damn, $10 mil in year 3 when he's already declining, PLUS a player option for $11 mil more? Man.. the Spurs better be doing this as a favor for whoever Jefferson's agent is to get someone else.
     
  7. Further

    Further Guy

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    People around here are bitching about us overpaying for Matthews, but he was a steal compared to this disgusting contract.
     
  8. Nikolokolus

    Nikolokolus There's always next year

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    I'm suddenly feeling a whhhholllllllllllllllllllllllllllllllllllllllle lot better about Wes Matthews' deal.
     
  9. rocketeer

    rocketeer Active Member

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    i'm pretty sure jefferson declining his player option for this season helped save the spurs a lot of luxury tax dollars. in doing so, i'm sure they had an agreement in place that he'd be signed to a longer deal for considerable money. i also read somewhere that the final year is a player option but only partially guaranteed.
     
  10. julius

    julius Living on the air in Cincinnati... Staff Member Global Moderator

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    that better be loaded with bonus's and incentives.
     
  11. Trader Ed

    Trader Ed Go Blazers!

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    agreed... wish I could give up $15 mil to gain another $24 mil

    not my luck
     
  12. rocketeer

    rocketeer Active Member

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    well, if paying you 15 mil was going to cost your team 25 mil, they really are getting you for 3 more seasons at an additional cost of only 14 mil. so i can see how it would make sense for the spurs.

    now the 10 mil luxury tax is entirely made up as i don't know what the actual figure would have been and it's entirely possible his contract could contribute them paying some amount of tax in the future but i don't think the contract is nearly as bad as people think when all factors are taken into account. the spurs aren't just trying to throw away a bunch of money to richard jefferson.
     

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