Pelicans & Asik are talking new deal (deal is done-- 5/60)

[Mythrol]

Tyson's old he won't go for more than Asik. I'd rather him.
*scratches name off list*
Brook Lopez has been injured a lot. We can definitely get him for Asik's price.
*scratches name off list*
Let's get Greg Monroe. He'd be a good fit and can you say home town discount?!
*scratches name off list*
Actually lets wait and see what Robin Lopez signs for, he and Asik are basically the same tier. Probably could have gotten him cheaper.
*scratches name off list*
What I really meant was let's compare Asik's deal with a guy who has played 7 years and was only a starter 1yr.
*waits for justification Asik's contract is bad*

[PELICANSFAN]

Tyson's old he won't go for more than Asik. I'd rather him.
*scratches name off list*
Brook Lopez has been injured a lot. We can definitely get him for Asik's price.
*scratches name off list*
Let's get Greg Monroe. He'd be a good fit and can you say home town discount?!
*scratches name off list*
Actually lets wait and see what Robin Lopez signs for, he and Asik are basically the same tier. Probably could have gotten him cheaper.
*scratches name off list*
What I really meant was let's compare Asik's deal with a guy who has played 7 years and was only a starter 1yr.
*waits for justification Asik's contract is bad*

The reality is, as much as we may or may not like the contract, Asik was our best option. None of the others were realistic unless we were going the S&T route.

[Mythrol]

The reality is, as much as we may or may not like the contract, Asik was our best option. None of the others were realistic unless we were going the S&T route.

I agree.

I also think there is something to be said for Asik and Dell negotiating in good faith and paying him his worth.

Ignoring the length, because it is VERY clear that Dell wanted that 5th year non guaranteed, let's focus on the yearly amount.

Could Dell have played hardball, upset Asik, caused him to go looking into FA, and then signed him back for 1m less a year? Maybe.

But would it have honestly been worth it to do that? It causes tensions between the player and team, it sets an impression with the rest of the league with what type of GM you are, he has the same agent (or agency) as AD too who will be an UFA eventually too.

Instead of fighting it and playing hardball, in a situation where we need him just as much if not more than he needs us, isn't it better to be able to tell all your other guys who you might want to keep as well as all the FAs every year, "Hey we do right by you here. You work with us and we will pay you your worth."

Personally I see that as far more valuable than needing to play hardball every single time and causing unnecessary risk and tension with a guy you really want to keep.

[N.O.Bronco]

Paying what he is worth is rooted in market forces. Simple demand. My issue is only and remains only that I think Dell - by taking the route he did which relied on him estimating Asik's market value to give a good faith value estimate - misread market demand and thus overpaid. I may end up wrong when we see what guys like Koufas command but so far, to me, based on market demand, it looks like we overpaid.

Is it the end of the world? Not really. Frankly not at all. But for a team as money strapped as us trying to make a big play next offseason, every million matters IMO.

[Mythrol]

Paying what he is worth is rooted in market forces. Simple demand. My issue is only and remains only that I think Dell - by taking the route he did which relied on him estimating Asik's market value to give a good faith value estimate - misread market demand and thus overpaid. I may end up wrong when we see what guys like Koufas command but so far, to me, based on market demand, it looks like we overpaid.

Is it the end of the world? Not really. Frankly not at all. But for a team as money strapped as us trying to make a big play next offseason, every million matters IMO.

Clearly he didn't overplay by the numerous C contracts already signed. What Koufas gets paid is kinda only 10% of the whole story. But sure, let's keep holding out until some C gets paid less so we can all point and be like, "See! overpay! Overpay!"

[N.O.Bronco]

Clearly he didn't overplay by the numerous C contracts already signed. What Koufas gets paid is kinda only 10% of the whole story. But sure, let's keep holding out until some C gets paid less so we can all point and be like, "See! overpay! Overpay!"

Thats not my point at all though.

Not a single team out there seemingly valued Asik over Lopez for instance. Lopez was sought after, there wasn't a whisper about Asik. Maybe that was because he told others he wasn't testing the market. Maybe. But even then most people felt Lopez's value was higher then Asiks and based on the bidding war that ensued for him and NY offering the most those people were right. So we know Asks value is below Lopezs in the market but how much lower?

I asked it before but what teams were out there that would not only seek Asik but pay heavily for him? More then we did? I see zero right now. After Lopez who would of payed the highest price for Asik that currently is seeking a center? LAL is the only one that makes sense but all rumors point to them having different ideas in mind. And nothing suggesting they would of paid anywhere close to the price we paid for Asik. At best they offered the equal amount for Lopez but he chose NY instead. But likely NY offered a bit more.

So at the end of the day it looks like we kinda bid against ourselves and misread market interest in Asik. Now, like I said, I may be wrong and a guy like Koufas ends up getting a pretty heavy deal that would make me re-think my slotting, but so far it seems that won't be the case.


Again, not the biggest issue in the world but I would of preferred a better price given what has transpired and what the market for Asik seemingly would have looked like.

[Mythrol]

We don't know what Asik's value was because there was no chance. He signed the very 1st day of FA.

[N.O.Bronco]

We don't know what Asik's value was because there was no chance. He signed the very 1st day of FA.

I already addressed this. When you make an offer it is based heavily around direct market demand or estimated market demand. If it isn't then you are literally just guessing. Sure things like goodwill can be a factor as well but the primary driver is going to be the things I mentioned.

So you are right, we didn't know Asiks actual market demand, we never will 100%. But as time continues to go on we are able to narrow down what the likely market demand would have been based on what the potential buyers are paying for other guys and how those other guys rank relative to Asik.

Based on what has transpired and what is looking to transpire I have concluded we likely overpaid for Asik.

Like I said, maybe a guy like Koufas will end up getting a 50 million dollar contract from LAL and my assessment will look wrong, but the way things are playing out I don't see the sort of high market demand that we estimated for Asik when offering him his contract to actually be the reality.

And let me once again end this by saying I don't think it is that big of a deal. I don't think we greatly overpaid or it is going to hinder us too much but I do think we overpaid by a decent bit.

[Savvy]

I already addressed this. When you make an offer it is based heavily around direct market demand or estimated market demand. If it isn't then you are literally just guessing. Sure things like goodwill can be a factor as well but the primary driver is going to be the things I mentioned.

So you are right, we didn't know Asiks actual market demand, we never will 100%. But as time continues to go on we are able to narrow down what the likely market demand would have been based on what the potential buyers are paying for other guys and how those other guys rank relative to Asik.

Based on what has transpired and what is looking to transpire I have concluded we likely overpaid for Asik.

Like I said, maybe a guy like Koufas will end up getting a 50 million dollar contract from LAL and my assessment will look wrong, but the way things are playing out I don't see the sort of high market demand that we estimated for Asik when offering him his contract to actually be the reality.

And let me once again end this by saying I don't think it is that big of a deal. I don't think we greatly overpaid or it is going to hinder us too much but I do think we overpaid by a decent bit.

I agree with your points, but we're inspecting this decision with a understanding that only the Lakers and clippers missed out on a big, and the lakers decided to go short term and clippers have no money to effect the market. However, if one decision were different (Monroe to the Blazers, Lopez to lakers, Jordan back to clips, etc...) then there could or would be at least 1 team with a high demand and little supply on centers. Any one of a half dozen teams could have been in a position to over pay in order to save face after missing on a larger target. The deal was made previous to most if not all those other deals, and it was intended to protect us from risk, mainly because we had little means, if any, to replace Asik this offseason if he left.

And I've said this before, there is no reason to believe this is a deal that is too long or overpriced in the first place. The market developed so we could have gotten Asik on a discount if we waited it out, but instead we gave him a deal based off of his pre-established value in order to protect ourselves.

P.S. I think it is often overlooked that Asik is a return from a 1st round pick, and it is possible this negotiation approach could have been motivated to protect an asset.

[AUSSIE_PELICAN]

Bump:

http://www.thebirdwrites.com/2015/7/...leans-pelicans

[RaisingTheBar]

Bump:

http://www.thebirdwrites.com/2015/7/...leans-pelicans

Omer Asik will make $9.2 million next season with $1 million each season in incentives; these incentives are considered unlikely. As the CBA defines and limits incentives, an incentive is deemed unlikely in the case that the player (or team the player is on) did not achieve the incentive in the previous season.

Over the course of the next four years Asik will average $10.25 million against the salary cap. The final year of his contract is guaranteed for just $3 million with an early termination option; that would be Asik's call to exercise or not.

Omer Asik will account for 11.1% of the salary cap in 2016-17; equal to $7 million under the 2014-15 salary cap. Shedding just one of Jrue Holiday or Tyreke Evans will create maximum cap space next summer. Otherwise the Pelicans will have 'just' $16.6 million available next summer; enough to offer a four year, $71 million offer to a free agent.

[Perth_Hornet]

MM probably still rates it a C- doe

[Schmide234]

Could anybody figure out what exactly the incentive is?? It would be cool if it were averaging a double double or something like that

[WhoDatPelican]

Belated congrats to the Pelicans for keeping Omer Asik for 60 million. And to the Pistons for getting Aron Baynes for 20 million.

— Bill Simmons (@BillSimmons) July 13, 2015

[Perth_Hornet]

Belated congrats to the Pelicans for keeping Omer Asik for 60 million. And to the Pistons for getting Aron Baynes for 20 million.

— Bill Simmons (@BillSimmons) July 13, 2015

Bill Simmons is a moronic attention whore.

He can't even get the facts right.

[RaisingTheBar]

Belated congrats to the Pelicans for keeping Omer Asik for 60 million. And to the Pistons for getting Aron Baynes for 20 million.

— Bill Simmons (@BillSimmons) July 13, 2015

Idiot.

[Soundwave]

These are his cap #'s for his contract.
Omer Asik $9,213,483 $9,904,494 $10,595,505 $11,286,516 $11,977,527



Much better than expected.

[MichaelMcNamara]

These are his cap #'s for his contract.
Omer Asik $9,213,483 $9,904,494 $10,595,505 $11,286,516 $11,977,527



Much better than expected.

If the incentives are truly unlikely, then that is a very good contract. First 3 years, at least, are fantastic.

4th year, not ideal but I can live with it and the 5th year could be a good chip.

Looking forward to seeing exactly what the incentives are. I am guess making an All-NBA defensive team or something like that

[Perth_Hornet]

If the incentives are truly unlikely, then that is a very good contract. First 3 years, at least, are fantastic.

4th year, not ideal but I can live with it and the 5th year could be a good chip.

Looking forward to seeing exactly what the incentives are. I am guess making an All-NBA defensive team or something like that

I was thinking more along the lines of no more than 10 easy dunks fluffed

[Spaniard]

The final year of his contract is guaranteed for just $3 million with an early termination option; that would be Asik's call to exercise or not.



I'm confused by this line. Is it a player option or a team option?

[DarkHornet]

The final year of his contract is guaranteed for just $3 million with an early termination option; that would be Asik's call to exercise or not.



I'm confused by this line. Is it a player option or a team option?

Sounds pretty clearly like a player option, which he'd probably terminate early if he's healthy since he'll only be guaranteed $3 million that year.

[MichaelMcNamara]

No.

It is an option the Pelicans have. Either:

- Envoke it and he earns 11.98 in salary, with potential for another 1 mil in (unlikely) incentives

or

- Terminate the contract, but he is given 3 mil (which counts against your cap) and becomes a FA

It also allows you to trade him, with the 11.98 million counting as his cap number in the trade. So, theoretically, the Pels could find a team with a guy set to make 16 million. They trade Asik straight up for him and then the other team waives Asik, thereby saving $13 million dollars

[Perth_Hornet]

No.

It is an option the Pelicans have. Either:

- Envoke it and he earns 11.98 in salary, with potential for another 1 mil in (unlikely) incentives

or

- Terminate the contract, but he is given 3 mil (which counts against your cap) and becomes a FA

It also allows you to trade him, with the 11.98 million counting as his cap number in the trade. So, theoretically, the Pels could find a team with a guy set to make 16 million. They trade Asik straight up for him and then the other team waives Asik, thereby saving $13 million dollars

Who pays the 16 million salary doe?

[Spaniard]

No.

It is an option the Pelicans have. Either:

- Envoke it and he earns 11.98 in salary, with potential for another 1 mil in (unlikely) incentives

or

- Terminate the contract, but he is given 3 mil (which counts against your cap) and becomes a FA

It also allows you to trade him, with the 11.98 million counting as his cap number in the trade. So, theoretically, the Pels could find a team with a guy set to make 16 million. They trade Asik straight up for him and then the other team waives Asik, thereby saving $13 million dollars

So I am guessing that is a mistake in the article stating that it's Asik's call. Just seems weird as if they went out of their way to say that part.

[hornetsrebirth]

The Asik signing is making a little more sense to me after seeing comments from Gentry about how he wants to use AD on offense. They want AD taking more 3 pointers and getting more looks from outside, which makes sense because otherwise the spacing is poor with Asik and Davis on the floor together.