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Melo's Contract[5yrs $124mil ETO on 5th]
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Dagger
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7/15/2014  9:05 PM
BigRedDog wrote:Why is an ETO bad? Most people that hate the signing feel that Melo will be falling apart, on the downhill making the max at age 35. So if he leaves a yr early wouldn't that be good for the knicks???

Because if he's falling apart he's not going to exercise the ETO...it is only there to help Melo.

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BigRedDog
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7/15/2014  9:09 PM
Dagger wrote:
BigRedDog wrote:Why is an ETO bad? Most people that hate the signing feel that Melo will be falling apart, on the downhill making the max at age 35. So if he leaves a yr early wouldn't that be good for the knicks???

Because if he's falling apart he's not going to exercise the ETO...it is only there to help Melo.

So if he's healthy but still 34yrs old, on the decline , making the max and opts out, I would think people would be happy.

fishmike 9/27/2024 11:00 PM Ug I hate this. The idea of Towns is great until you see what a pussy he is. Jules is a dog. DD was a flamethrower locked up cheap for 3 more years. First Leon move I hate
yellowboy90
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7/15/2014  9:10 PM
BigRedDog wrote:Why is an ETO bad? Most people that hate the signing feel that Melo will be falling apart, on the downhill making the max at age 35. So if he leaves a yr early wouldn't that be good for the knicks???

It shouldn't be an outrageous issue since people already knew he got a 5 yr deal to bein with. They already made the claims of why its bad. I guess this could mean that if he is still valuable he could opt out and get more money possibly.

TPercy
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7/15/2014  9:10 PM
Son of a bitch, i knew there was a catch :(
The Future is Bright!
Knicksfan
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7/15/2014  9:11 PM
mreinman wrote:
Knicksfan wrote:
Knicks22 wrote:
Houston, Amare, and now this one. Contracts that will cripple the franchise for years....

Seriously?

It is 2M more than the rumored deal and now we are doomed?

no trade and an ETO?

Can some of you just say "damn that sucks"?

You can say that and still think he is a top player.

"Houston, Amare, and now this one. Contracts that will cripple the franchise for years...."

I mean, really?

None of those players are at Melo's level and this contract doesn't cripple us like those did at their times.

H20's contract seemed to be driven on having a guy with a Max contract to make it seem like we had a franchise player, which he wasn't.

Amar'e was a very good player who had injury problems in the past. We took the risk because Walsh wanted to make the Knicks relevant and attractive to LeBron. We know how that ended.

Melo is a great scorer that is underrated in the other areas he brings to the game, especially what he has done the last few seasons, looking more active on defense and grabbing more rebounds while playing out of position at PF.

While I don't love the deal, to say that it cripples us and bring horrible contracts as comparison is way off base.

Melo does come off as "all-talk, no-show" because this is a very small discount for a man that said was willing to take less to have a winner in NY. This deal says "its all about my family and our security", which is ok but faaaaar away from "making sacrifices to win a championship".

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mreinman
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7/15/2014  9:11 PM
yellowboy90 wrote:
mreinman wrote:
Knicksfan wrote:
Knicks22 wrote:
Houston, Amare, and now this one. Contracts that will cripple the franchise for years....

Seriously?

It is 2M more than the rumored deal and now we are doomed?

no trade and an ETO?

Can some of you just say "damn that sucks"?

You can say that and still think he is a top player.

Why would you think those things would not be in his contract? Why would any player who was offered that much money not have a no trade clause or an ETO? He only looked at a few teams in FA for a reason so to think that he would sign a contract that would allow a team to ship him to Utah, Sac, or etc would be reaching.

Now if you want to talk about the extra 2m then yes that is disappointing. I was still hoping for a deal under 120m but is it crippling I don't think so.

I did not say crippling.

But I do feel disappointed.

so here is what phil is thinking ....
Dagger
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7/15/2014  9:16 PM
BigRedDog wrote:
Dagger wrote:
BigRedDog wrote:Why is an ETO bad? Most people that hate the signing feel that Melo will be falling apart, on the downhill making the max at age 35. So if he leaves a yr early wouldn't that be good for the knicks???

Because if he's falling apart he's not going to exercise the ETO...it is only there to help Melo.

So if he's healthy but still 34yrs old, on the decline , making the max and opts out, I would think people would be happy.

I disagree, if he's playing well and very healthy without much decline I don't think people will want him gone.

Simply the ETO means that if he is playing poorly, injured, or declining rapidly he can stay making the Max and if he is thriving he can leave our team and search for more money or a better situation elsewhere without netting us any assets. We would have been much better off if this was a team option. The ETO doesn't bother me that much, it's the no-trade clause that it is really the kicker.

VDesai
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7/15/2014  9:24 PM
Tommy Beer ‏@TommyBeer 16m
Based on current info, Melo’s likely annual salary structure:
2014-15 season: $22.5 MM
15-16: $22.8
16-17: $24.5
17-18: $26.3
18-19: $27.9

According to this from Larry Coon, the salary cap for 2015-2016 is projected to be 66.5mm
http://cbafaq.com/blog/?p=304

Here's a link to our salaries in 2015-2016
http://www.basketball-reference.com/contracts/NYK.html

IF every option is picked up, that gives us 41.3mm in salary. That leaves us 25.2mm in cap space. Enough to add at least one max player. Depending on that max starting salary, we'd have anywhere between 3-7mm leftover in space after that.

IF JR Smith doesn't pick up his player option that gives us 34.9mm in salary and 31.6mm in cap space. A Max player + 7-13mm leftover.

We could also not pick up Hardaway and Larkin's options to save about 3mm, but that makes no sense since they are rotation players for cheap.

Ultimately, Melo saved us 1.4mm in 15-16 by taking the smaller raise from what I can gather.

Knicksfan
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7/15/2014  9:29 PM
One thing about this: Phil Jackson offered this deal.

For all the faith fans have had on Phil, you have to believe that he still knows what he is doing with this deal. You have to believe that the "discount" given will indeed give Phil enough room to sign a second star next year, although, there may be a new angle here.

Many have wondered about the availability of stars next year. Most talk about Gasol and he would be the target. But maybe Phil will focus more on using the contracts of Amar'e and Bargnani to bring the supporting cast for Melo through trade.

Whatever the case, you have to hope Phil still has a plan that included a contract like this.

I have to add this: With this contract, Melo still comes out as an opportunist and a money-first player instead of the win-first player he set himself to be with his comments in February.

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anrst
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7/15/2014  9:29 PM
Dagger wrote:
BigRedDog wrote:Why is an ETO bad? Most people that hate the signing feel that Melo will be falling apart, on the downhill making the max at age 35. So if he leaves a yr early wouldn't that be good for the knicks???

Because if he's falling apart he's not going to exercise the ETO...it is only there to help Melo.

if he's falling apart he's staying the last year, opt out or not. don't be irrational.

Dagger
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7/15/2014  9:32 PM    LAST EDITED: 7/15/2014  9:35 PM
anrst wrote:
Dagger wrote:
BigRedDog wrote:Why is an ETO bad? Most people that hate the signing feel that Melo will be falling apart, on the downhill making the max at age 35. So if he leaves a yr early wouldn't that be good for the knicks???

Because if he's falling apart he's not going to exercise the ETO...it is only there to help Melo.

if he's falling apart he's staying the last year, opt out or not. don't be irrational.

That's what I said in my post...

I'm just explaining that the ETO does not help the Knicks at all, as it seemed Clifford the BigRedDog was implying it would

GustavBahler
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7/15/2014  9:33 PM
If Melo steps up his game and plays his part in making the Knicks contenders again (with the right moves from Phil) I don't believe that this deal will be an issue. Its a business, the Knicks are highly profitable, and Melo is their marquee attraction. Phil made this call, its up to him to make it work with the right complimentary moves, and its up to Melo to help Phil implement his vision for this team.
VDesai
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7/15/2014  9:35 PM
Look based on the history of who gets the max salary, this guy deserves the max salary. We still have the cash to get a max player, fit in a first round pick, and maybe sign another depth guy. I'm not sure how much more we could've asked for. Melo wasn't gonna take less what another team could offer by re-signing here.
BigRedDog
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7/15/2014  9:42 PM
Dagger wrote:
anrst wrote:
Dagger wrote:
BigRedDog wrote:Why is an ETO bad? Most people that hate the signing feel that Melo will be falling apart, on the downhill making the max at age 35. So if he leaves a yr early wouldn't that be good for the knicks???

Because if he's falling apart he's not going to exercise the ETO...it is only there to help Melo.

if he's falling apart he's staying the last year, opt out or not. don't be irrational.

That's what I said in my post...

I'm just explaining that the ETO does not help the Knicks at all, as it seemed Clifford the BigRedDog was implying it would

My point is that prior to the contract people were bitching a max 5 yr contract to a 30 yr old is bad. So look at it as a 4 yr contract which i would think makes some people happier.

fishmike 9/27/2024 11:00 PM Ug I hate this. The idea of Towns is great until you see what a pussy he is. Jules is a dog. DD was a flamethrower locked up cheap for 3 more years. First Leon move I hate
CrushAlot
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7/15/2014  9:43 PM
Dagger wrote:
BigRedDog wrote:Why is an ETO bad? Most people that hate the signing feel that Melo will be falling apart, on the downhill making the max at age 35. So if he leaves a yr early wouldn't that be good for the knicks???

Because if he's falling apart he's not going to exercise the ETO...it is only there to help Melo.


Like Amare.
I'm tired,I'm tired, I'm so tired right now......Kristaps Porzingis 1/3/18
VDesai
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7/15/2014  9:49 PM
Player option by definition only helps the player. Its not really that relevant though. If he's playing really well at age 35 he will opt out and we'd have to decide whether to sign him again or not. IT gives him a free release in case we suck and he's still good.
Dagger
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7/15/2014  10:00 PM
CrushAlot wrote:
Dagger wrote:
BigRedDog wrote:Why is an ETO bad? Most people that hate the signing feel that Melo will be falling apart, on the downhill making the max at age 35. So if he leaves a yr early wouldn't that be good for the knicks???

Because if he's falling apart he's not going to exercise the ETO...it is only there to help Melo.


Like Amare.

Yup

F500ONE
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7/15/2014  10:03 PM
BigRedDog wrote:
Dagger wrote:
BigRedDog wrote:Why is an ETO bad? Most people that hate the signing feel that Melo will be falling apart, on the downhill making the max at age 35. So if he leaves a yr early wouldn't that be good for the knicks???

Because if he's falling apart he's not going to exercise the ETO...it is only there to help Melo.

So if he's healthy but still 34yrs old, on the decline , making the max and opts out, I would think people would be happy.

Or he could put up respectable numbers but losing results.

Opt out and ask Dolan to give him another deal

5yrs $70mil(more guaranteed money) with "wiggle room" paycut, no trade clause with an Opt out on the 4th yr

F500ONE
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7/15/2014  10:12 PM
Knicksfan wrote:One thing about this: Phil Jackson offered this deal.
you have to believe that he still knows what he is doing with this deal. You have to believe that the "discount" given will indeed give Phil enough room to sign a second star next year

Example of how his contract could look meeting salary rules under CBA


Year 1: $22,500,000 (starting salary)
Year 2: $22,668,750 (0.75% increase)
Year 3: $24,368,906 (7.5% increase)
Year 4: $26,196,574 (7.5% increase)
Year 5: $28,161,317 (7.5% increase)
Total: $123,895,548


Is there really such a thing as a discount when you still get a raise?

VDesai
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7/15/2014  10:31 PM
It could be 24.5 mm in year 2. Even if its a 1.4 mm savings it helps us sign either LLE veteran or covers the salary slot alotted to a first round pick while still preserving max contract space and a little leftover.

Look its not a huge savings or anything, but it helps a bit. We might've gotten a bigger discount if we were coming off the 54 win season instead of the 37 win season, but c'est la vie.

Melo's Contract[5yrs $124mil ETO on 5th]

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