I agree... I will go one step further and say I will be surprised--very surprised--if they don't match. But so what? The Blazers are trying, as you say. That's the key to me. Well... trying for the right players. I'm more pleased by their pursuit of Millsap than I am of their pursuit for Hedo. Ed O.
Loans of credit are often the lifeblood of "real" businesses everywhere. Liquidity is something that can be managed to a certain extent, but having short-term credit options allows a business to make optimal decisions. That applies perfectly here, IMO: Millsap is actually going to be a pretty cheap starting power forward for them once they match... they just need to be able to get over this first hurdle of a big payment to him and then they're set--including paying some interest on monies they need to borrow to make it happen. Ed O.
The people that point to Paul Allen being able to spend recklessly don't seem to realize that he's lost 75% of his net worth in the past 10 years. I don't care how much you still have, losing $30 billion will make anyone a bit more conservative with their spending.
I misread it and didn't realize they had another week to come up with the money. Even so, I think it might be problematic. Have you tried to get a loan these days? It takes forever...
Gee, Ed, thanks for the business primer. I had no idea that companies frequently relied on loans!!! (sarcasm off) The real point is that NBA teams very rarely have to resort to loans to pay their own players. It may have happened before, but I can't recall hearing about it. If you know of an example, or several examples, I would love to see them.
I start to get concerned when fans of a team don't think the player is worth that kind of money. But most fans say they will miss Milsap and thank him for the effort he has given the Jazz . . . which helps convince me he is the kind of player the Blazers need. Also the fact that management had said their #1 priority was to resign Milsap . . . I'm thinking Milsap is someone the Blazers want. The bitter Jazz fans will remark that 8 mil/yr is too much for an undersized backup PF . . .but you don't see many Jazz fans bad mouthing Milsap's attitude or play on the court . . . so i think it is mainly bitter Jazz fans who think they are losing Milsap and need to justify it.
By the same token, how often do you see a signing bonus in the NBA? The offer was designed to push the boundaries of normality.
http://sports.yahoo.com/nba/news;_y...i8ArpJ4?slug=ap-jazz-boozer&prov=ap&type=lgns Boozer expecting trade SALT LAKE CITY (AP)—Carlos Boozer(notes) doesn’t expect to be playing for the Utah Jazz this season. Just two weeks ago, Boozer opted to remain with the Jazz for the final year of his contract. But the two-time All-Star told a Chicago radio station Tuesday he expects the Jazz to trade him. “The Jazz told me they want to go in a different direction and I respect their decision,” Boozer said Tuesday during an interview with WMVP. “We mutually agreed to work out a trade that was beneficial for them and beneficial for my family and me. So with that being said I’m gonna be traded relatively soon or in good time.” Jazz general manager Kevin O’Connor did not return messages seeking comment Tuesday. Boozer had an option to void the final year of his contract, but decided on the final day to stay with the Jazz for the guaranteed $12.7 million rather than risk losing money in a tight free agent market. The Jazz already appear headed above the luxury tax threshold, especially if they match Portland’s four-year, $32 million—including $10.3 million up front — offer to restricted free agent Paul Millsap(notes). Utah has until the end of the week to decide whether to keep Millsap. Boozer has averaged 19 points and 10 rebounds since Utah signed him as a restricted free agent five years ago, but has only played in 276 of a possible 410 games with the Jazz. He was limited to 37 games last season, due largely to an injury that required surgery on his left knee in January. “I’ve had a couple of spells, injuries that I can’t control but my body feels 100 percent,” Boozer told WMVP. “I’m healthy and doing really well. I’m looking forward to next season so much to prove to everybody that I can play through the whole season and at the same time to dominate again, so I’m looking forward to it.”
Well, teams very rarely put $10m of money due a week into a contract... especially when that $10m is about a third of the total value of the contract on a multi-year deal. Utah can get a loan, pay him, and then pay back the loan when they'd NORMALLY be making larger payments on a 4 year, $32m deal. Ed O.
We have multiple posters here getting angry at Brandon Roy for wanting a max contract and more than 4 years. The fanatics that post on a message board are a fraction of the actual fanbase, and our opinions tend to be more extreme due in part to the lack of nuance this format allows us.
I am as well, solely because it makes either Millsap or LMA a much larger trade asset to get a real upgrade, depending on which direction the franchise wants to go. No need having both of them on the roster, though, at the price that LMA will demand.
I'm pleased that the Blazers pursued Millsap, but they should have offered him more. Give him everything you got. That's the only way it would happen. Stupid deal otherwise.
I don't know about that. You've got to draw the line somewhere. The Blazers made a VERY generous offer, and if Utah matches it they just have to move on.
They would presumably do a short-term loan (perhaps by drawing on a line of credit) and then pay it off. I doubt they would carry that debt forward. So, yes, the payments would almost certainly be smaller after this initial burst of activity including paying off the short-term debt and interest and fees associated with it. Ed O.
A loan could well equalize the cash flow, but the sum of all the payments would be higher by the interest on the loan.
I know. I know how to do math, people. I am talking about AFTER the initial bump, which includes -- signing bonus -- accelerated portion of first year salary -- interest on line of credit to pay for portion of bonus/accelerated salary (I'm presuming that they wouldn't spread the payments out, but that they'd repay the LoC as soon as they were liquid enough to do so) Once they get through that, it will be easy sailing. $22m over four years. Ed O.
