Author | Thread |
CrushAlot
Posts: 59764 Alba Posts: 0 Joined: 7/25/2003 Member: #452 USA |
![]() 3G4G wrote:YOu are mistaken. There is a loop hole that allows his contract to be averaged out to 8.3 mil for the Rockets because they are under the cap. They used the same loophole to sign Asik. However, the actual contract and year 3 was set up to be 15 mil. I thought that was common knowledge with all of the articles regarding the poison pill. My question to you is, what team takes on Lin with a year three 15 mil hit. Unless I missed something, once a player is signed to a contract the parameters don't change if they are traded. I believe the loophole only applied to Houston. Hoopshype doesn't recognize the loophole but this is their salary figures for Lin. They are not tax hit figures.CrushAlot wrote:3G4G wrote:If the Knicks signed him it was 15 mil in year three. Not sure how that changes for a team that signs and trades for him so the Knicks can get value after the knicks match the contract. I am not saying it doesn't but I would need it explained. I haven't seen anything about a contract once in place changing because another team is under the cap. Nothing to let go either. His hit was 15 mil for the KNicks in year three. Its why year three was called the poison pill.CrushAlot wrote:3G4G wrote:If the Knicks matched that offer who trades for him other than the Rockets? The Knicks aren't allowed to trade him to the Rockets because of the new cba. Who takes on a deal with a third year for 15 mil when the cap becomes so punitive and restrictive in that year?holfresh wrote:3G4G wrote:holfresh wrote:3G4G wrote:holfresh wrote:earthmansurfer wrote:Lin stated many times he wanted to be here - those comments. No offer was made, that is the proof of no good will gesture. If I am the owner I am going all out to let this Kid know we want him back. I'm on TV, I'm attending games and I am talking with him. That never happened. Houston Rockets Salaries
Jeremy Lin $5,000,000 $5,225,000 $14,898,938 I'm tired,I'm tired, I'm so tired right now......Kristaps Porzingis 1/3/18
|
AUTOADVERT |
3G4G
Posts: 23485 Alba Posts: 0 Joined: 9/3/2012 Member: #4333 |
![]() CrushAlot wrote:3G4G wrote:YOu are mistaken. There is a loop hole that allows his contract to be averaged out to 8.3 mil for the Rockets because they are under the cap. They used the same loophole to sign Asik. However, the actual contract and year 3 was set up to be 15 mil. I thought that was common knowledge with all of the articles regarding the poison pill. My question to you is, what team takes on Lin with a year three 15 mil hit. Unless I missed something, once a player is signed to a contract the parameters don't change if they are traded. I believe the loophole only applied to Houston. Hoopshype doesn't recognize the loophole but this is their salary figures for Lin. They are not tax hit figures.CrushAlot wrote:3G4G wrote:If the Knicks signed him it was 15 mil in year three. Not sure how that changes for a team that signs and trades for him so the Knicks can get value after the knicks match the contract. I am not saying it doesn't but I would need it explained. I haven't seen anything about a contract once in place changing because another team is under the cap. Nothing to let go either. His hit was 15 mil for the KNicks in year three. Its why year three was called the poison pill.CrushAlot wrote:3G4G wrote:If the Knicks matched that offer who trades for him other than the Rockets? The Knicks aren't allowed to trade him to the Rockets because of the new cba. Who takes on a deal with a third year for 15 mil when the cap becomes so punitive and restrictive in that year?holfresh wrote:3G4G wrote:holfresh wrote:3G4G wrote:holfresh wrote:earthmansurfer wrote:Lin stated many times he wanted to be here - those comments. No offer was made, that is the proof of no good will gesture. If I am the owner I am going all out to let this Kid know we want him back. I'm on TV, I'm attending games and I am talking with him. That never happened.
If a team extends a first round draft pick's rookie scale contract (see question number 58) and then trades the player between the date the extension is signed and the date it takes effect, the player's trade value for the receiving team is the average of the salaries in the last year of the rookie scale contract and each year of the extension. This is called the Poison Pill provision. The sending team uses the player's actual salary when calculating their total outgoing salary. They use the current-year maximum salary in place of the (unknown) maximum salary for a future season, if necessary.
The only concern for the team trading for him is where they are at in relation to the Tax come poison pill year. So say a team traded for Lin at the deadline and had $50mil committed by that 3rd yr. Well essentially they'd be adding another $15mil in Lin's salary. That's okay because they are still under the Lux Tax by at least $5mil and his cap hit to them is $8.3mil...not $15mil. But yes they do have to come out of pocket to pay him $15mil of actual salary/pay. |
CrushAlot
Posts: 59764 Alba Posts: 0 Joined: 7/25/2003 Member: #452 USA |
![]() 3G4G wrote:CrushAlot wrote:3G4G wrote:YOu are mistaken. There is a loop hole that allows his contract to be averaged out to 8.3 mil for the Rockets because they are under the cap. They used the same loophole to sign Asik. However, the actual contract and year 3 was set up to be 15 mil. I thought that was common knowledge with all of the articles regarding the poison pill. My question to you is, what team takes on Lin with a year three 15 mil hit. Unless I missed something, once a player is signed to a contract the parameters don't change if they are traded. I believe the loophole only applied to Houston. Hoopshype doesn't recognize the loophole but this is their salary figures for Lin. They are not tax hit figures.CrushAlot wrote:3G4G wrote:If the Knicks signed him it was 15 mil in year three. Not sure how that changes for a team that signs and trades for him so the Knicks can get value after the knicks match the contract. I am not saying it doesn't but I would need it explained. I haven't seen anything about a contract once in place changing because another team is under the cap. Nothing to let go either. His hit was 15 mil for the KNicks in year three. Its why year three was called the poison pill.CrushAlot wrote:3G4G wrote:If the Knicks matched that offer who trades for him other than the Rockets? The Knicks aren't allowed to trade him to the Rockets because of the new cba. Who takes on a deal with a third year for 15 mil when the cap becomes so punitive and restrictive in that year?holfresh wrote:3G4G wrote:holfresh wrote:3G4G wrote:holfresh wrote:earthmansurfer wrote:Lin stated many times he wanted to be here - those comments. No offer was made, that is the proof of no good will gesture. If I am the owner I am going all out to let this Kid know we want him back. I'm on TV, I'm attending games and I am talking with him. That never happened. I can be stubborn but I just missed your link. Do you know if that provision applied to Lin? He won early bird rights. Coon advocated for the Knicks to sign Lin but suggested the Knicks use the stretch provision in yr 3 if things were not working out. I'm tired,I'm tired, I'm so tired right now......Kristaps Porzingis 1/3/18
|
Bonn1997
Posts: 58654 Alba Posts: 2 Joined: 2/2/2004 Member: #581 USA |
![]() 45 points on 19 shots! People will soon see Harden as a top 5 to 10 player in the league.
|