smackeddog wrote:

joec32033 wrote:

The Knicks, who already paid Curry half of his $
11.3-million salary in July, as stipulated in his
contract, are unlikely to enter into buyout
discussions. He is still valuable as an expiring
contract, especially in a potential trade for
Carmelo Anthony, so the Knicks want to keep him
on the roster even if he can't play.
He

http://newsday.com/sports/basketball/knicks/injury-knocks-knicks-curry-out-of-camp-again-1.2319827?print=true

Are teams allowed to pay players early? I remember some papers reporting that last season the Knicks had rescheduled Currys payments due to him having financial difficulties. If so, whats stopping a team from paying most of their players salary prior to the trade deadline, to make them more attractive to another team in a trade?

awesome question

martin wrote:

smackeddog wrote:

joec32033 wrote:

The Knicks, who already paid Curry half of his $
11.3-million salary in July, as stipulated in his
contract, are unlikely to enter into buyout
discussions. He is still valuable as an expiring
contract, especially in a potential trade for
Carmelo Anthony, so the Knicks want to keep him
on the roster even if he can't play.
He

http://newsday.com/sports/basketball/knicks/injury-knocks-knicks-curry-out-of-camp-again-1.2319827?print=true

Are teams allowed to pay players early? I remember some papers reporting that last season the Knicks had rescheduled Currys payments due to him having financial difficulties. If so, whats stopping a team from paying most of their players salary prior to the trade deadline, to make them more attractive to another team in a trade?

hmmm, I think there may be some finesse here. Curry's contract called for him to be paid early, so that is OK. When a trade goes down, you can only pass to another team $3M, and if you "pay" the remainder of a contract off before you trade the player, I think that would constitute more than the $3M. Also, the other part of Curry getting a loan from the Knicks in past years, that would be entirely something else.

I am under the impression that the most "cash" that can be included in a deal is $3 million. I am certain the league has language against prepayment, however. I am uncertain about payment disbursement, and that would depend on the language in each contract, but I am under the impression that each game is a payment milestone. My speculation is that even if this were possible the Knicks would have to wait for the season to begin. All that said, David Stern is a lawyer and has prevented loophole exploitation better than most. I do not think this will be possible and now I'm curious why it isn't

The caveat is Eddy Curry would have to initiate this. I would think, if suggested, he would initiate getting $8 million immediately... but you never know with this dude

PresIke wrote:

Nets' proposed Carmelo deal 'dead'

http://sportsillustrated.cnn.com/2010/basketball/nba/09/28/carmelo.nets.deal.dead/index.html?eref=sihp

The proposed deal that would have brought Carmelo Anthony to New Jersey is "dead," a league source told SI.com.

Last Friday, the Nets were "deeply into" trade discussions with Denver, Utah and Charlotte for a deal that would bring Anthony to New Jersey and send No. 3 pick Derrick Favors as well as multiple future draft picks to Denver. The Nuggets would have also received forward Andrei Kirilenko from Utah, while the Bobcats would have gotten point guard Devin Harris from New Jersey and the Jazz would've received forward Boris Diaw from Charlotte.

It was reported later that evening that Anthony approved of the proposed deal, but as the weekend progressed, Denver dragged its heels by gauging other teams' interest.

Anthony appeared at media day on Monday, donning the Nuggets' uniform, and told reporters that he never asked out of Denver.

"There's been a lot of speculation, a lot of rumors going on this summer about where I'm going to end up, the Nuggets want to trade me, I want to be traded," he said. "That's for my team and front office to discuss. I'm here to focus on basketball and training camp tomorrow."

While Anthony's preferred destination has long been considered New York, the Knicks don't have any draft picks to include in a trade package for the All-Star forward. Anthony has also shown interest in the Bulls, but Chicago resumed talks for a extension with center Joakim Noah, one of the team's biggest assets who averaged 10.7 points and 11 rebounds last season.

Anthony has averaged 24.7 points and 6.2 rebounds and made the All-Star team three times during his seven seasons with the Nuggets.

Does this mean the sky is NOT falling?

Please, for heaven's sakes, someone let Anu and Sergio know that they do NOT need to kill themselves, purchase hardened bunkers filled with survivalist gear and non-perishable food, or whine, bitch and moan anymore about gutting our team to starphuck a guy who wants to come here to WIN with a solid team, not maximize his contract figures.

In said superstar's own words, from today:

Chris Tomasson reports from Denver's first day of training camp where Carmelo Anthony spoke to the media.

While acknowledging that the negotiation of a new collective bargaining agreement is intimidating, Anthony seemed to indicate that any concern about his salary will not dictate his decision-making.

"Money is money. Money's going to be there," Anthony told the media. "It's about basketball."

"It's a big risk," Anthony said about the new CBA. "At the end of the day, it's about basketball." "It’s scary," he said. "Of course, it's scary. There's a lot of anxiety to see what's going to happen."

Read more: http://basketball.realgm.com/src_wiretap_archives/69329/20100928/melo_money_will_be_there_i_care_about_basketball/#ixzz10rX1WJMj

Moonangie wrote:

PresIke wrote:

Nets' proposed Carmelo deal 'dead'

http://sportsillustrated.cnn.com/2010/basketball/nba/09/28/carmelo.nets.deal.dead/index.html?eref=sihp

The proposed deal that would have brought Carmelo Anthony to New Jersey is "dead," a league source told SI.com.

Last Friday, the Nets were "deeply into" trade discussions with Denver, Utah and Charlotte for a deal that would bring Anthony to New Jersey and send No. 3 pick Derrick Favors as well as multiple future draft picks to Denver. The Nuggets would have also received forward Andrei Kirilenko from Utah, while the Bobcats would have gotten point guard Devin Harris from New Jersey and the Jazz would've received forward Boris Diaw from Charlotte.

It was reported later that evening that Anthony approved of the proposed deal, but as the weekend progressed, Denver dragged its heels by gauging other teams' interest.

Anthony appeared at media day on Monday, donning the Nuggets' uniform, and told reporters that he never asked out of Denver.

"There's been a lot of speculation, a lot of rumors going on this summer about where I'm going to end up, the Nuggets want to trade me, I want to be traded," he said. "That's for my team and front office to discuss. I'm here to focus on basketball and training camp tomorrow."

While Anthony's preferred destination has long been considered New York, the Knicks don't have any draft picks to include in a trade package for the All-Star forward. Anthony has also shown interest in the Bulls, but Chicago resumed talks for a extension with center Joakim Noah, one of the team's biggest assets who averaged 10.7 points and 11 rebounds last season.

Anthony has averaged 24.7 points and 6.2 rebounds and made the All-Star team three times during his seven seasons with the Nuggets.

Does this mean the sky is NOT falling?

Please, for heaven's sakes, someone let Anu and Sergio know that they do NOT need to kill themselves, purchase hardened bunkers filled with survivalist gear and non-perishable food, or whine, bitch and moan anymore about gutting our team to starphuck a guy who wants to come here to WIN with a solid team, not maximize his contract figures.

In said superstar's own words, from today:

Chris Tomasson reports from Denver's first day of training camp where Carmelo Anthony spoke to the media.

While acknowledging that the negotiation of a new collective bargaining agreement is intimidating, Anthony seemed to indicate that any concern about his salary will not dictate his decision-making.

"Money is money. Money's going to be there," Anthony told the media. "It's about basketball."

"It's a big risk," Anthony said about the new CBA. "At the end of the day, it's about basketball." "It’s scary," he said. "Of course, it's scary. There's a lot of anxiety to see what's going to happen."

Read more: http://basketball.realgm.com/src_wiretap_archives/69329/20100928/melo_money_will_be_there_i_care_about_basketball/#ixzz10rX1WJMj

I posted an article from Ken Berger. Like I said Carmelo has agents to do his dirty work. The guy wants out of Denver and that is pretty clear. I dont expect him to ruin his image by demanding a trade or saying he wants his money. As I said he has agents to do that for him.

We really dont know the details of what Chicago or NY is offering to get a deal done. Chicago could be trying to resign Noah too trade him. No one really knows whats going on. I doubt Chicago wants another Ben Gordon situation. The season doesnt start for 4-weeks there really is no rush for Denver to get anything done.

nyk4ever wrote:is gilbert going to let his agent doing his talking for him too or nah?

David Lee let Mark Bartelstein do his dirty work too. Agents are in place for a reason.

SupremeCommander wrote:page 82 discusses loans... I haven't seen anything that would make me think structuring payment this way would not be possible.

The caveat is Eddy Curry would have to initiate this. I would think, if suggested, he would initiate getting $8 million immediately... but you never know with this dude

Didn't Curry already do this? I remember reading a report earlier in the summer that Curry had asked for an advance on his payment because of financial debts that he had to pay.

As Nuggets’ Plans Collapse, Donnie Remains Cool As Ever
Sep 28th, 2010 by Dan L.
After having endured years and years of losing owing as much to managerial ineptitude as anything else, it’s nice to be enveloped in a sense of calm every now and then when contemplating my beloved ‘bockers.

And it comes from the man in charge. Well, no, not Dolan. I’m talking of course about Donnie Walsh.

I see Walsh as a guy who has seen all the tricks, knows the tells, and can’t be shaken. An elder statesman who commands respect. The Doyle Brunson of NBA GMs. It just seems like while the neophytes in Denver can’t tell whether they are coming or going, and even the experienced hands in Larry Brown, Billy King, and Kevin O’Connor plot to deliver ‘Melo to Newark, Donnie is unflappable. Here are some quotes either by or about Donnie from the past week, relating specifically to the ‘Melo chase:

While Knicks president Donnie Walsh has been in far from panic mode, he has been “working every angle” in an effort to get back in the game with Anthony, according to a rival executive familiar with Walsh’s approach.

“He’s the master,” the executive said. “I’ll put it this way: If there’s any way to get something done that he feels good about, he’ll get it done. He’ll leave no stone unturned.”

-From Ken Berger of CBSSports.com

That’s always good to hear. More:

“My understanding was they don’t want to deal with us because they don’t think we have the players.”

***

“We don’t know the value of these players and the league doesn’t know the value of these players,” Walsh said. “I feel if we get into the season, the value of the players will go up.”

“In general, I’ve heard that New York just doesn’t have the pieces. We have the pieces, you just don’t know it.”

From Newsday’s Barbara Barker. My favorite line is the last one. It goes along with Donnie’s whole, “I know something you don’t” approach to the ‘Melo situation. Of course, Donnie is saying that the league doesn’t recognize that certain of his players, particularly Gallinari and Randolph, have star potential.

But people of a conspiratorial mindset like me can also infer that Donnie is communicating that the pieces he has are the ones the Nuggets are going to have to accept because ‘Melo isn’t going anywhere but MSG (they just don’t know it yet). And maybe he’s also trying to communicate to the fans, close to half of whom want to trade Gallinari AND Randolph AND Chandler AND Douglas for ‘Melo that the sum of those parts may be greater than ‘Melo.

But you wouldn’t know that if you just jettisoned them all at the first opportunity.

Regarding the defunct four team trade, Donnie said: “That’s today and yesterday it was a done deal…I think there’s a lot of posturing going on out there.”

He’s been here before. He’s pretty sure you’re low holding suited connectors, at best. He’s calling your bluff.

scoshin wrote:

joec32033 wrote:

SupremeCommander wrote:

martin wrote:

smackeddog wrote:

joec32033 wrote:

The Knicks, who already paid Curry half of his $
11.3-million salary in July, as stipulated in his
contract, are unlikely to enter into buyout
discussions. He is still valuable as an expiring
contract, especially in a potential trade for
Carmelo Anthony, so the Knicks want to keep him
on the roster even if he can't play.
He

http://newsday.com/sports/basketball/knicks/injury-knocks-knicks-curry-out-of-camp-again-1.2319827?print=true

Are teams allowed to pay players early? I remember some papers reporting that last season the Knicks had rescheduled Currys payments due to him having financial difficulties. If so, whats stopping a team from paying most of their players salary prior to the trade deadline, to make them more attractive to another team in a trade?

hmmm, I think there may be some finesse here. Curry's contract called for him to be paid early, so that is OK. When a trade goes down, you can only pass to another team $3M, and if you "pay" the remainder of a contract off before you trade the player, I think that would constitute more than the $3M. Also, the other part of Curry getting a loan from the Knicks in past years, that would be entirely something else.

I am under the impression that the most "cash" that can be included in a deal is $3 million. I am certain the league has language against prepayment, however. I am uncertain about payment disbursement, and that would depend on the language in each contract, but I am under the impression that each game is a payment milestone. My speculation is that even if this were possible the Knicks would have to wait for the season to begin. All that said, David Stern is a lawyer and has prevented loophole exploitation better than most. I do not think this will be possible and now I'm curious why it isn't

http://www2.bc.edu/~yen/Sports/NBA%20CBA.pdf

OK...the pdf does not let you cut and paste....can a lawyer please translate?

Page 82 (4) just talks about how if a player's salary is amended (or paid up front), the remaining salary yet to be paid (aggregate reduction) would be applied pro rata to the regular payment schedule as stated in the contract/bargaining agreement.

just more explanation regarding my previous post's pricing explanation

joec32033 wrote:

scoshin wrote:

joec32033 wrote:

SupremeCommander wrote:

martin wrote:

smackeddog wrote:

joec32033 wrote:

The Knicks, who already paid Curry half of his $
11.3-million salary in July, as stipulated in his
contract, are unlikely to enter into buyout
discussions. He is still valuable as an expiring
contract, especially in a potential trade for
Carmelo Anthony, so the Knicks want to keep him
on the roster even if he can't play.
He

http://newsday.com/sports/basketball/knicks/injury-knocks-knicks-curry-out-of-camp-again-1.2319827?print=true

Are teams allowed to pay players early? I remember some papers reporting that last season the Knicks had rescheduled Currys payments due to him having financial difficulties. If so, whats stopping a team from paying most of their players salary prior to the trade deadline, to make them more attractive to another team in a trade?

hmmm, I think there may be some finesse here. Curry's contract called for him to be paid early, so that is OK. When a trade goes down, you can only pass to another team $3M, and if you "pay" the remainder of a contract off before you trade the player, I think that would constitute more than the $3M. Also, the other part of Curry getting a loan from the Knicks in past years, that would be entirely something else.

I am under the impression that the most "cash" that can be included in a deal is $3 million. I am certain the league has language against prepayment, however. I am uncertain about payment disbursement, and that would depend on the language in each contract, but I am under the impression that each game is a payment milestone. My speculation is that even if this were possible the Knicks would have to wait for the season to begin. All that said, David Stern is a lawyer and has prevented loophole exploitation better than most. I do not think this will be possible and now I'm curious why it isn't

http://www2.bc.edu/~yen/Sports/NBA%20CBA.pdf

OK...the pdf does not let you cut and paste....can a lawyer please translate?

Page 82 (4) just talks about how if a player's salary is amended (or paid up front), the remaining salary yet to be paid (aggregate reduction) would be applied pro rata to the regular payment schedule as stated in the contract/bargaining agreement.

oh...I thought it had to do with loans...shoulda stayed in Ronald McDonald college.

A loan is a sum of money or consideration in which the second party borrows from the first party, with the condition that it be returned or repaid at a later date

In this case, the loan is cash received for unperformed work. The repayment schedule would be per paycheck and realized through deductions, which would be listed on his paycheck, after his work is performed.