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ot - lewis to make $126 mil ?!?!?
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djsunyc
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7/11/2007  12:12 AM
http://sports.espn.go.com/nba/news/story?page=orlandosummerleaguesday2
FREE-AGENT BUZZ: With the Magic being key players in this month's free-agent sweepstakes, their imminent acquisition of coveted small forward Rashard Lewis has been all the buzz of the summer league.

Lewis' agent, Tony Dutt, was at the camp Monday, finalizing the negotiations with the Magic. Lewis is expected in town Wednesday, the first day that free agents can sign contracts, to ink a six-year megadeal with the Magic.

Orlando has agreed to a sign-and-trade deal with the Seattle SuperSonics that will allow Lewis to make $126.4 million over the next six seasons, according to NBA sources who requested anonymity. The Magic will send back a second-round pick to the Sonics.

With the 2007-08 salary cap set Tuesday night at $56.63 million, Lewis' first-year salary with the Magic will be $16.68 million -- the maximum allowable for a player with nine years of NBA experience. From there, he'll get 10.5 percent annual raises. That will take the deal to a mind-boggling $25.2 million for the 2012-13 season.
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NYKniCksFan87
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7/11/2007  12:14 AM
wtf...thats just

RIDICULOUS
''We don't have the luxury to take anybody lightly,'' New York's Quentin Richardson said. ''We're not that good.''
TheGame
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7/11/2007  12:16 AM
Now that is funny. If that is true, Orlando is a joke. That is more than any other player in the league other than maybe Garnett.
Trust the Process
TrueBlue
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7/11/2007  12:18 AM
I don't believe this at all.

It doesn't fit the CBA salary cap guidelines

RealGM Note: In addition to the above, the maximum player salaries for first year salaries in new contracts (those signed after July 10, 2007) as well as the first year salaries of maximum extensions (signed prior to the 06-07 season) will be the greater of 105% of the player's previous salary or the following:

$13,041,250 for players with 0-6 Years of Service

$15,649,500 for players with 7-9 Years of Service

$18,257,750 for players with 10 or more Years of Service


Therefore I don't buy the other part of the story. It's speculation and hype.



[Edited by - TrueBlue on 07-11-2007 7:38 PM]
LMFAO @ the Bio [url]http://en.wikipedia.org/wiki/Stephon_Marbury[/url]
djsunyc
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7/11/2007  12:18 AM
i am still laughing. this can't be true. holy schnikeys....BWAHAHAHAHAHAHAHAHA!!!
Pharzeone
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7/11/2007  12:24 AM
I think it is close to the truth because they are now at $39 million (which to get there they have to clear Darko cap allocation) and now they can't do a deal with him unless Seattle did a S&T. Smith misplayed his hands thinking the Knicks had a shot. It's all over the Orlando papers. Why he expected Seattle to bail him out is beyond me. The salary cap only be raised to $55 million really hurt them.
I don't like to play bad rookies , I like to play good rookies - Mike D'Antoni
franco12
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7/11/2007  12:27 AM
Posted by TrueBlue:

I don't believe this at all.

It doesn't fit the CBA salary cap guidelines

RealGM Note: In addition to the above, the maximum player salaries for first year salaries in new contracts (those signed after July 10, 2007) as well as the first year salaries of maximum extensions (signed prior to the 06-07 season) will be the greater of 105% of the player's previous salary or the following:

$13,041,250 for players with 0-6 Years of Service

$15,649,500 for players with 7-9 Years of Service

$18,257,750 for players with 10 or more Years of Service


Therefore I don't buy the other part of the story. It's speculation and hype.

even if its $15MM- over six years with no increase- that is $90MM. Way too much coin for a player like lewis.

Sorry- but this blows away any deal that the knicks have made- makes the allan houston contract look like a bargain.
TrueBlue
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7/11/2007  12:31 AM
Posted by Pharzeone:

I think it is close to the truth because they are now at $39 million (which to get there they have to clear Darko cap allocation) and now they can't do a deal with him unless Seattle did a S&T. Smith misplayed his hands thinking the Knicks had a shot. It's all over the Orlando papers. Why he expected Seattle to bail him out is beyond me. The salary cap only be raised to $55 million really hurt them.

This story is fabricated simple mathematics say so.
LMFAO @ the Bio [url]http://en.wikipedia.org/wiki/Stephon_Marbury[/url]
JohnWallace44
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7/11/2007  1:23 AM
Wow
Alan Hahn: Nate Robinson has been on a ridonkulous scoring tear lately (remember when he couldn't hit Jerome James with a Big Mac in early January?)
Solace
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7/11/2007  2:04 AM
Yeah this can't be true.
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Anji
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7/11/2007  2:55 AM
You would think True would be this serious about his own team...........Wheres the OWNED pics with the donkey getting kicked int he nutts True????
"Really, all Americans want is a cold beer, warm p***y, and some place to s**t with a door on it." - Mr. Ford
Ira
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7/11/2007  5:29 AM
I thought that, under the latest guidelines, new contracts couldn't run longer that five years. Am I wrong about this?
fishmike
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7/11/2007  7:36 AM
all this means is that Isiah's #1 target in 09 will be... Rashard Lewis
"winning is more fun... then fun is fun" -Thibs
Silverfuel
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7/11/2007  7:46 AM
WOW! Thats not possible cause they gotta pay Dwight too and they don't have Dolan's pockets.
A journey of a thousand miles begins with a single step.
nyk4ever
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7/11/2007  8:13 AM
Jesus, Rashard is a pretty good player but he's nowhere near worth a max player.. the contracts in the NBA have seriously gotten out of hand.
"OMG - did we just go on a two-trade-wining-streak?" -SupremeCommander
Michael6835
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7/11/2007  8:38 AM
Posted by Ira:

I thought that, under the latest guidelines, new contracts couldn't run longer that five years. Am I wrong about this?

with sign and trades the old team can sign the player to an additional year making it 6 and thus making the offering price more. It's also a way for Seattle to get some kind of talent back, maybe darko.
M
Pharzeone
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7/11/2007  9:05 AM
Smith said it appears a proposed sign-and-trade deal with Lewis' former team, the Seattle SuperSonics, is a no-go. The maneuver would have allowed the Magic to create cap space to perhaps re-sign Milicic and provide Lewis with a lucrative sixth year, but Smith contends Cornstein [Milicic's agent] all but sabotaged the deal on his end with the Sonics.

Lewis, 27, is expected to sign a five-year contract worth nearly $100 million, roughly $97 million based on the new salary-cap ceiling projected by the league to be an estimated $56 million per team.

Lewis' salary likely will start at $16.8 million, with the obligatory 8 percent raise each season.

Technically, Lewis could have been signed after midnight, which might tempt the Magic. Smith conceded that other teams have tried wooing Lewis after he left Orlando last week upon agreeing in principle to a contract.

It was no wonder Smith said that the 11-day moratorium -- the time between recruiting a player and actually signing him -- leaves him uneasy.

"At that point,'' Smith said, "I just have a handshake deal. . . . I know for a fact they [Lewis' camp] were getting phone calls.''

The Magic expect to sign all-star Howard on Thursday to a five-year extension worth at least $80 million. Howard, 21, apparently has an option after the fourth season. His extension doesn't kick in until the 2008-09 season. Nelson also is eligible to sign an extension. Smith said he would be meeting this weekend with Steve Mountain, Nelson's agent, to talk about that possibility.

http://www.orlandosentinel.com/sports/orl-lewis1107jul11,0,3190468.story

[Edited by - pharzeone on 11-07-2007 09:06 AM]
I don't like to play bad rookies , I like to play good rookies - Mike D'Antoni
MS
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7/11/2007  9:10 AM
Alllllllllllllllannnnnnn Houston

Why doesn't anyone play hard in this league anymore, they just bid against themselves and added a sixth, just plain dumb.
tkf
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7/11/2007  9:13 AM
He went from overpaid to obscene.... LOL...
Anyone who sits around and waits for the lottery to better themselves, either in real life or in sports, Is a Loser............... TKF
Pharzeone
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7/11/2007  9:22 AM
The worst part is that the Magic was trying to give him his $126 million but Milicic's agent got in the way. So now he doesn't get his sixth season of $25 million. And they are piss with Milicic and his agent.
I don't like to play bad rookies , I like to play good rookies - Mike D'Antoni
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ot - lewis to make $126 mil ?!?!?
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