Im insulted and humiliated. That's what Mrs. HCP says every time I leave her (so I thought I'd see if the guilt-trip worked here).
no no no asik is an early bird free agent, so the most he can be offered in the first two years of a deal is the MLE. the 3rd and 4th years can be up to the max. its a way to ensure that a team will not lose a surprisingly productive player after two years, in case they are over the cap, they can still use their mle to retain them i would bet the farm the hibbert offer was very frontloaded and or large cash payment upfront as far as i know, minny hasnt shown a proclivity for throwing their money around so i dont anticipate anything of that sort, i guess i could be wrong though
to the point, Hibbert (as someone coming off a rookie contract who did not have multiple all-star and is going to a different team, even in a S&T) is entitled per the CBA to $9,000,000 or 25% of the total salary cap, whichever is greater. (It's the 25%, which would be ~12.9M) He can also get up to 4.5% raises each year, and can have a 4-year contract. However, a player coming off his rookie scale contract is eligible to sign for 30% of the cap if he appeared in two All-Star Games, was named to an All-NBA Team twice, or was named MVP. This was dubbed the "Derrick Rose Rule" after the 2011 MVP. Therefore, assuming the cap is 58.044M like it was last year, Hibbert's starting salary can be $12,922,194, with 4.5% raises ($581,498.73) each year. So his cap number (and salary without any signing bonuses) would be $12,922,194, $13,442,034, $13,961,874 and $14,481,714 for a total of 4/$53,807,816. CBA states that 10% of the total contract value can be a signing bonus for a RFA (15% for other contracts) while still maintaining the non-bonus cap numbers. Therefore, $5,480,782 of his total can be applied to first-year salary, making the cash Roy gets in 2012-13 $17,402,976. New CBA states that 50% of salary can be paid upfront (prior to Oct. 1--it used to be 80%). So the most "toxic" offer we can make is for Roy to get a max contract, max signing bonus, and max upfront money, meaning that IND's owner would have to shell out $8,701,488 cash to Roy on July 15. EDIT: Checked with Storyteller...the bonus can't factor in the 4.5% raises. I changed the numbers accordingly.
Where does that come from? You're saying 12.9, Hollinger's saying 13.7...afaik, it's 25% of salary cap . EDIT: Just found the new CBA faq. They use 42.14% of BRI vice the 44.74%. So your 12.9M is right if the cap stays the same. Hollingers 13.7 must assume a 61.6M salary cap if the proportions are the same, which doesn't sound right.
He made a joke.. And it was funny. Why so defensive? Being overly defensive is what starts all that type of stuff.
Are there any other early bird free agents we can make an "Asik" offer too? Jeremy Lin is one I can think of. The great thing about these offers is they appear as $5 million in year 1 $5 million in year 2 then $15 million in year 3 to the matching team. That is a horrific luxury tax bill when the escalating taxes hit, for a team like NY that is already in luxury tax territory it could cost them $50 million in year 3 to keep Lin! But the offer only counts as $8 million per year for all three seasons to the team signing the contract. So if we make an offer to one of these free agents the contract would be far more costly for the matching team then the signing team. But it still has to be an early bird free agent, usually a second round pick, that is worth having for $8 million per season. I can't think of any others and even the amazing Jeremy Lin might not be worth that much.
You missed another thread that SPD was referencing. I know, I should be used to being a target at this point. We hashed it out via PM. Anyhow, poison the pill, because PA will pay for it this year.
I was using him more as an example of the advantages to that process then a player we should necessarily target. Hmm I still can't think of any other worthwhile early bird free agents.
I have such a small grasp of financial stuff I just leave that to you guys. Reading everyone else's posts about it helps though. So thanks guys!
