Steve Francis buy out = 30 million

Discussion in 'Other Sports' started by chang, Jul 11, 2007.

  1. chang

    chang NFLC nflcentral.net Member

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    <div class='quotetop'>QUOTE </div><div class='quotemain'>The Knicks were happy to get Zach Randolph. The Trail Blazers were happy to clear space for Greg Oden. Steve Francis might be the happiest of all.Multiple media outlets reported on Tuesday night that the Blazers had agreed to buy out Francis' contract -- for almost the full amount.Portland sent Randolph, along with Fred Jones and Dan Dickau, to the Knicks for Francis and Channing Frye in a draft night trade on June 28. Almost immediately word surfaced that the Blazers would try to buy out Francis' deal.The Washington Post and Newsday reported on Tuesday that Portland will pay more than $30 million of the $33.6 million that the former All-Star guard is due."This was the definition of a win-win situation with Isiah and the Knicks getting Zach Randolph and Steve being the ultimate beneficiary in being bought out," Francis' agent Jeff Fried said on Tuesday, according to Newsday.According to the paper, Francis will go on the waiver wire at 12:01 a.m. on Wednesday. Another team could claim him, but that franchise would be responsible for his contract. Most likely, Francis will become an unrestricted free agent in seven days.The Dallas Mavericks and Los Angeles Clippers have been rumored to be interested in signing Francis. The guard's longtime friend and former Rockets teammate Cuttino Mobley plays for the Clippers.According to the Post, Fried said that the buyout allows his client to find the "right fit as opposed to the most money. He doesn't need much to be made whole."Francis averaged a career-low 11.3 points per game last year, his first full season in New York. He has career averages of 18.4 points and 6.1 assists per game. Francis made the All-Star Game from 2002-04 while with Houston.</div>He's getting fully paid to not play for their team. Portland basically traded Randolph for Frye.
     
  2. AdropOFvenom

    AdropOFvenom BBW Member

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    <div class='quotetop'>QUOTE (chang @ Jul 11 2007, 07:15 AM) <{POST_SNAPBACK}></div><div class='quotemain'>He's getting fully paid to not play for their team. Portland basically traded Randolph for Frye.</div>Yeah, I can't figure out what Portland was really thinking with this move. If they didn't want Francis that badly then why trade for him?
     
  3. DevinHester23

    DevinHester23 NFLC nflcentral.net Member

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    <div class='quotetop'>QUOTE (AdropOFvenom @ Jul 11 2007, 04:47 PM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (chang @ Jul 11 2007, 07:15 AM) <{POST_SNAPBACK}></div><div class='quotemain'>He's getting fully paid to not play for their team. Portland basically traded Randolph for Frye.</div>Yeah, I can't figure out what Portland was really thinking with this move. If they didn't want Francis that badly then why trade for him?</div>There is something called salary. Portland wanted to dump Randolph and his contract. To make the deal work, they had to include Franchise. But b/c they don't want him, they just decided to do the give him his dough and tell him to pack his bags deal
     
  4. david81

    david81 BBW Member

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    <div class='quotetop'>QUOTE (DevinHester23 @ Jul 11 2007, 07:28 PM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (AdropOFvenom @ Jul 11 2007, 04:47 PM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (chang @ Jul 11 2007, 07:15 AM) <{POST_SNAPBACK}></div><div class='quotemain'>He's getting fully paid to not play for their team. Portland basically traded Randolph for Frye.</div>Yeah, I can't figure out what Portland was really thinking with this move. If they didn't want Francis that badly then why trade for him?</div>There is something called salary. Portland wanted to dump Randolph and his contract. To make the deal work, they had to include Franchise. But b/c they don't want him, they just decided to do the give him his dough and tell him to pack his bags deal</div>Bingo... To have more cap room.
     
  5. DevinHester23

    DevinHester23 NFLC nflcentral.net Member

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    [quote name='david81' post='95338' date='Jul 11 2007, 10:16 PM'][quote name='DevinHester23' post='95336' date='Jul 11 2007, 07:28 PM'][quote name='AdropOFvenom' post='95324' date='Jul 11 2007, 04:47 PM'][quote name='chang' post='95316' date='Jul 11 2007, 07:15 AM']He's getting fully paid to not play for their team. Portland basically traded Randolph for Frye.[/quote]Yeah, I can't figure out what Portland was really thinking with this move. If they didn't want Francis that badly then why trade for him?[/quote]There is something called salary. Portland wanted to dump Randolph and his contract. To make the deal work, they had to include Franchise. But b/c they don't want him, they just decided to do the give him his dough and tell him to pack his bags deal[/quote]Bingo... To have more cap room.[/quote]And to get rid of a cancer
     
  6. AdropOFvenom

    AdropOFvenom BBW Member

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    <div class='quotetop'>QUOTE (DevinHester23 @ Jul 11 2007, 06:28 PM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (AdropOFvenom @ Jul 11 2007, 04:47 PM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (chang @ Jul 11 2007, 07:15 AM) <{POST_SNAPBACK}></div><div class='quotemain'>He's getting fully paid to not play for their team. Portland basically traded Randolph for Frye.</div>Yeah, I can't figure out what Portland was really thinking with this move. If they didn't want Francis that badly then why trade for him?</div>There is something called salary. Portland wanted to dump Randolph and his contract. To make the deal work, they had to include Franchise. But b/c they don't want him, they just decided to do the give him his dough and tell him to pack his bags deal</div>And they couldn't have gotten a bad salary in return that will actually produce on the Court for them? They're paying Francis to do nothing. Another bad Salary would have been able to at least eat up some minutes for them.
     
  7. chang

    chang NFLC nflcentral.net Member

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    If you're going to pay someone $30 million (which comes out of the owner's pocket), you should at least get some type of production. Talk about wasting money.
     
  8. AdropOFvenom

    AdropOFvenom BBW Member

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    <div class='quotetop'>QUOTE (chang @ Jul 12 2007, 08:48 AM) <{POST_SNAPBACK}></div><div class='quotemain'>If you're going to pay someone $30 million (which comes out of the owner's pocket), you should at least get some type of production. Talk about wasting money.</div>Exactly.
     
  9. DevinHester23

    DevinHester23 NFLC nflcentral.net Member

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    <div class='quotetop'>QUOTE (AdropOFvenom @ Jul 12 2007, 12:08 PM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (chang @ Jul 12 2007, 08:48 AM) <{POST_SNAPBACK}></div><div class='quotemain'>If you're going to pay someone $30 million (which comes out of the owner's pocket), you should at least get some type of production. Talk about wasting money.</div>Exactly.</div>I don't think they wanted him at all. They just wanted to get rid of Randolph's contract. Franchise was just filler to make the deal work.
     
  10. AdropOFvenom

    AdropOFvenom BBW Member

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    <div class='quotetop'>QUOTE (DevinHester23 @ Jul 12 2007, 02:00 PM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (AdropOFvenom @ Jul 12 2007, 12:08 PM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (chang @ Jul 12 2007, 08:48 AM) <{POST_SNAPBACK}></div><div class='quotemain'>If you're going to pay someone $30 million (which comes out of the owner's pocket), you should at least get some type of production. Talk about wasting money.</div>Exactly.</div>I don't think they wanted him at all. They just wanted to get rid of Randolph's contract. Franchise was just filler to make the deal work.</div>But they didn't get 'rid' of the contract, they're paying 30 million anyways.
     
  11. chang

    chang NFLC nflcentral.net Member

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    They definitely could have used him. A vet point guard to lead a bunch of young guns.
     
  12. DevinHester23

    DevinHester23 NFLC nflcentral.net Member

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    [quote name='AdropOFvenom' post='95385' date='Jul 12 2007, 05:11 PM'][quote name='DevinHester23' post='95383' date='Jul 12 2007, 02:00 PM'][quote name='AdropOFvenom' post='95369' date='Jul 12 2007, 12:08 PM'][quote name='chang' post='95368' date='Jul 12 2007, 08:48 AM']If you're going to pay someone $30 million (which comes out of the owner's pocket), you should at least get some type of production. Talk about wasting money.[/quote]Exactly.[/quote]I don't think they wanted him at all. They just wanted to get rid of Randolph's contract. Franchise was just filler to make the deal work.[/quote]But they didn't get 'rid' of the contract, they're paying 30 million anyways.[/quote]Yes, they are paying Franchise $30M, but that doesn't go on their payroll and affect their cap and what not. They are getting rid of the roster spot, and clearing major cap room. With the young gang they got, they don't want any cancer destroying it. That's what Franchise is
     

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