ESPN NBA - Nets reach verbal agreement on 4-year, $40M deal with Gerald Wallace, sources tell ESPN.com
ESPN NBA - Nets reach verbal agreement on 4-year, $40M deal with Gerald Wallace, sources tell ESPN.com
Didn't see one of these already, unless there's a sticky. If so, mods please merge.
Thought we could report deal rumors and what not.
Gerald Wallace closing in on a 4 year- $40 mil. deal with the Nets.
Have at it!
KG - 3yr/34M
WTF are the Nets doing?
They are in a market FAs might actually want to go to, and they overpay a 30 year old with a FOUR year deal?
"Sources confirmed that the Raptors are likely to offer Steve Nash a deal that pays approximately $12 million annually, though it remains to be seen whether it is for three guaranteed years or two years with a team option in the third season."
http://probasketballtalk.nbcsports.c...medium=twitter
I don't think this affects their ability to get Dwight negatively, if that's what they want. They are just locking the guy up.
Now they have proof that they have someone on their team that can play.
About to have Deron Williams Gerald Wallace Joe Johnson and Dwight Howard.
http://2.bp.blogspot.com/_ELFl2_1q7D...if_serious.jpg
There's this thing called the luxury tax...
Their owner could easily afford the luxury tax.
It's the rumor. And the guy with the cute joker picture, it's this thing called a multi billionaire
Being over the tax restricts their ability to participate in the player markets besides causing financial penalties.
More restrictive than that.
If Williams is on his way back, good move. If Williams bolts for Dallas (doubt that happens), awful move.
Williams, Wallace and Howard??? Damn that would be nuts.
Not a ton more.
23. Other than financial penalties, are there restrictions on taxpaying teams?
In addition to the tax payments described in question number 21, taxpaying teams have the following restrictions. Note that most of these restrictions aren't triggered unless the team would be over the "apron" -- the point $4 million above the tax level -- following a signing or trade.
Teams above the apron cannot use the Bi-Annual exception (see question number 25).
Teams above the apron have a smaller Mid-Level exception (see question number 25). Teams above the apron can offer contracts no longer than three years, while other teams can offer four. The starting salary is also lower (for example, in 2011-12 it is $3 million for teams above the apron, versus $5 million for other teams).
Taxpaying teams can acquire less salary in a simultaneous trade (see question number 81).
Starting in 2013-14, teams above the apron cannot receive a player in a sign-and-trade transaction (see question number 88).
Teams above the apron do not have the same protections under the Gilbert Arenas provision (see question number 44). Under the Arenas provision other teams can offer restricted free agents salaries starting at the Non-Taxpayer Mid-Level exception. If a team with the right of first refusal does not have Early Bird rights to the player and is over the apron, it will have only the smaller Taxpayer Mid-Level exception at its disposal, and cannot match an offer for the full Non-Taxpayer Mid-Level exception.
In addition, taxpaying teams do not receive a distribution from the leaguewide tax fund. However, they do receive a distribution from the escrow fund (see question number 22).
I disagree on your weight measurement.
So do the Lakers and other teams dumping salary.
I think the effects of these subtle seeming moves, the dance with the line and the apron, are truly underappreciated by those who don't dig into the cap, which is difficult, boring, and thankless work.
The Nets are dumb, they should have traded for johnson because the hawks would have to give up stuff because of his terrible contract, and then used whatever the Hawks gave up (Joe Johnson/Teague/1st round pick) or simply make it a three team trade where ATL has to take back Hedo. Why overpay a guy? Unless maybe Orlando wants him...
You're right. Any team with a rich owner can just pay Joe Johnson's insane salary, pay Deron and Dwight max contracts, pay Wallace $10 mil a year, AND pay the remainder of a roster. Championship!
Thanks for putting me in my place guys. Back to playing 2k for me!
I think they are pretty sure they're getting Dwight. Dwight has the union taking the league to court right now to try and un opt in his opt in so he's a FA now. He says promises were made to get him to sign the optin that were not kept. They fired the coach and GM and he knew what the cap space/trade assets were, so unless they promised him something specific like Phil Jackson, I'm not sure what argument he'd have.
The Lakers are a different point than the Nets. The Buss family's money comes strictly from the Lakers, not anywhere else. Also the new CBA took a huge chunk out of the the new TV deal they just made. That's not true for the Net's ownership. I get that billionaires aren't billionaires because they **** away millions into an investment that will lose them money, but it's too early to say their owner won't be willing to move well over the cap to field a dominant team. All indications thus far are that they will.
Celtics, Heat, and Grizzlies have all made Ray Allen their top target. Heat reportedly offered the $3 million exception, the Grizzlies offering a $5 million exception and Celtics willing to offer 2 years, $12 million.
He will probably choose less money to play for the heat.
Anybody else see the Heat getting Allen and Nash?
will this finally be the rule to the exception?
I think it's very possible that Ray could be returning to the Celtics given that Garnett re signed. I don't think the Heat deal is a guaranteed thing. I also think Ray could prefer the C's more because of the team chemistry. There's not a ton of positive energy surrounding the Heat despite the team winning this year. Ray likes playing for Doc Rivers and given that they were close this year despite not having a healthy Bradley could make a difference.. Don't really see him playing for a coach that nobody on the team respects like Spoelstra but we'll see.
If Ray go to the Heat! I loose all respect for him!
If he wants to win a championship he'll go to the Heat.... Plain and simple
Heard he hates Rondo
But he's already won a ring! He'd just be leaving the Celtics to chase after another which IMO is kind of redundant considering his age, the chemistry he has already with Boston and that you get Garnet back for the next two years.
He's already been through his journey in his goal to get a ring coming from Seattle, Milwaukee and ending up in Boston. Why not make another 2 year run and see what happens and retire as what many people will associate you with during your career, a Celtic!
They took Miami to 7 games. Why not try again?
Exactly. They took Miami to 7 games with a roster that was older. If Bradley was there for that series, it could have been a different ball game. Jeff Green too. We'll see what happens. I think he stays with Boston because the Miami locker room is cancerous.
We can agree to disagree but when you're cursing out your coach during a game, it says a lot. Doesn't happen to Doc Rivers, doesn't happen to Popovich either because players respect those coaches. Also, Lebron, Wade, and Bosh ride the hell out of Chalmers during the entire game. That place is toxic.
3 years $36 million
i heard that it was less than initially reported
Report was supposedly false.
I'll go with my source on this one. It's pretty reliable. Could be a little less once the official numbers come out but it's close to 3 years $36 mill
The most recent proposal would call for the Nets to send the expiring contracts of Jordan Farmar, Johan Petro, Anthony Morrow and Jordan Williams to the Hawks in exchange for Johnson.
Maybe! Maybe not! I like their team chemistry and attitude. Circumstances aside with what went down with Rondo, I respect the Celtics because they put the game before themselves. It's a rare commodity in sports because certain players want to separate themselves and become individuals.
It's cool if it works for teams like the Heat because we all know it was about those three from the moment they held that big introduction. If Chalmers, Battier, etc. don't have a problem being excluded, oh well! But even though he did well in the post season, Westbrook hurt the Thunder on more occasions from his 'me first' attitude that sparks at the wrong moments.
For that, I appreciate the candor of Durant although I wish sometimes that he'd get a bit more fired up, even when he's taking over a game to pull his team to a win. The same can be said for the Spurs. You never hear much about them and yet the continue to be in the post season year after year like the NFL Patriots of the NBA.
I look for something similar to that for our team. I don't see Monty putting up with guy's that have these type of attitudes simply because it is not the system that either he or Demps has come from. We didn't have it during our run with Paul, West, Chandler, etc. that team played for the team. Which is why I am glad that this new crop is the start of something great!
sam_amick Source confirms Toronto has offered Steve Nash a three-year, $36 million deal with no options attached. @ESPNSteinline had first.
i guess it is true