yellowboy90 wrote:

According to Coon, the guaranteed money is still due to Kidd even in retirement, unless they agree on a buyout:

“Most retirements before a player’s contract is up come in the form of a buyout. The reason for this is that while a guaranteed contract obligates the team to pay the player, it also requires the player to render his services as a professional basketball player…the compromise arrangement players & teams make is for the team to agree to let the player walk, while the player agrees to take less money. These buyout amounts then count against the team’s cap…For contracts signed under the current CBA the buyout is paid across two times the number of remaining seasons plus one (i.e., a contract with one year left is paid out over three years, and a contract with two years left is paid out over five), and the team can also elect to spread the cap hit out over those same years.”

A little more space.

3G4G wrote:

CrushAlot wrote:

Andrew wrote:

VCoug wrote:

yellowboy90 wrote:

According to Coon, the guaranteed money is still due to Kidd even in retirement, unless they agree on a buyout:

“Most retirements before a player’s contract is up come in the form of a buyout. The reason for this is that while a guaranteed contract obligates the team to pay the player, it also requires the player to render his services as a professional basketball player…the compromise arrangement players & teams make is for the team to agree to let the player walk, while the player agrees to take less money. These buyout amounts then count against the team’s cap…For contracts signed under the current CBA the buyout is paid across two times the number of remaining seasons plus one (i.e., a contract with one year left is paid out over three years, and a contract with two years left is paid out over five), and the team can also elect to spread the cap hit out over those same years.”

A little more space.

Hmm, I wonder if everyone will continue to tell my I'm wrong about his salary staying on the cap.

But it says his buyout counts against the cap, not his salary.

These buyout amounts then count against the team’s cap…For contracts signed under the current CBA the buyout is paid across two times the number of remaining seasons plus one (i.e., a contract with one year left is paid out over three years, and a contract with two years left is paid out over five), and the team can also elect to spread the cap hit out over those same years.”

It does sound like just his buyout counts against the salary and it also sounds like they can stretch it out. I saw a headline when I did a search on Kidd that said this gets the Knicks closer to Chris Paul. I don't think that is accurate but it certainly decreases their cap number and maybe gets them under the apron so that they can participate in sign and trades.

And what would we offer the Clippers to get CP3?

Crush you gotta stop with the wishing on a star posting man. Why didn't we get CP3 when he was available from NOH? We have nothing to offer the Clippers to make the assets and salaries work. Oh and we'd still have to be under the apron after the trade to pull it off. It's not happening.

What this allows for is a possible opportunity to do a S&T..... not for some superstar but for maybe a slightly above average role player.

So instead of taking a full $3mil off the cap next yr if a buyout is worked on, usually they don't go far below 40-50% remaining salary...it'll be the remaining figure. Since we owe him $6.1mil over the next 2yrs.... dollars to donuts he gets a $3mil buyout. You take the remaining $3mil and split it across 2 seasons and that's his cap hit.

It still comes down to signing J.R. Smith. If he signs for all of what he's entitled to we're still at the apron, even with the above example given for Kidd's buyout and we can't resign Cope or Prigs.

I guess you missed the part where I said, 'I don't think it is accurate.' Not sure how missing that led to a three paragraph post about how I need to stop thinking about chasing a star. My point was it is money off the cap. I also posted that it might get the Knicks under the apron earlier in the thread. Wait until mess up instead of not reading my whole post and making inferences.

Also, Kidd could leave the money on the table and the Knicks would not have to pay the 3.1.

3G4G wrote:

CrushAlot wrote:

3G4G wrote:

CrushAlot wrote:

Andrew wrote:

VCoug wrote:

yellowboy90 wrote:

According to Coon, the guaranteed money is still due to Kidd even in retirement, unless they agree on a buyout:

“Most retirements before a player’s contract is up come in the form of a buyout. The reason for this is that while a guaranteed contract obligates the team to pay the player, it also requires the player to render his services as a professional basketball player…the compromise arrangement players & teams make is for the team to agree to let the player walk, while the player agrees to take less money. These buyout amounts then count against the team’s cap…For contracts signed under the current CBA the buyout is paid across two times the number of remaining seasons plus one (i.e., a contract with one year left is paid out over three years, and a contract with two years left is paid out over five), and the team can also elect to spread the cap hit out over those same years.”

A little more space.

Hmm, I wonder if everyone will continue to tell my I'm wrong about his salary staying on the cap.

But it says his buyout counts against the cap, not his salary.

These buyout amounts then count against the team’s cap…For contracts signed under the current CBA the buyout is paid across two times the number of remaining seasons plus one (i.e., a contract with one year left is paid out over three years, and a contract with two years left is paid out over five), and the team can also elect to spread the cap hit out over those same years.”

It does sound like just his buyout counts against the salary and it also sounds like they can stretch it out. I saw a headline when I did a search on Kidd that said this gets the Knicks closer to Chris Paul. I don't think that is accurate but it certainly decreases their cap number and maybe gets them under the apron so that they can participate in sign and trades.

And what would we offer the Clippers to get CP3?

Crush you gotta stop with the wishing on a star posting man. Why didn't we get CP3 when he was available from NOH? We have nothing to offer the Clippers to make the assets and salaries work. Oh and we'd still have to be under the apron after the trade to pull it off. It's not happening.

What this allows for is a possible opportunity to do a S&T..... not for some superstar but for maybe a slightly above average role player.

So instead of taking a full $3mil off the cap next yr if a buyout is worked on, usually they don't go far below 40-50% remaining salary...it'll be the remaining figure. Since we owe him $6.1mil over the next 2yrs.... dollars to donuts he gets a $3mil buyout. You take the remaining $3mil and split it across 2 seasons and that's his cap hit.

It still comes down to signing J.R. Smith. If he signs for all of what he's entitled to we're still at the apron, even with the above example given for Kidd's buyout and we can't resign Cope or Prigs.

I guess you missed the part where I said, 'I don't think it is accurate.' Not sure how missing that led to a three paragraph post about how I need to stop thinking about chasing a star. My point was it is money off the cap. I also posted that it might get the Knicks under the apron earlier in the thread. Wait until mess up instead of not reading my whole post and making inferences.

You keep bringing it up...this is like the 3rd time you've mentioned CP3. Crush there are sites like...

Hoopshype SALARIES
Hoopsworld SALARIES
NBA FAQ
Shamsports SALARIES
USA TODAY SALARIES
DFW SALARIES

Start referencing them please...to know "how accurate" the fables are.

You are right about CP3 the only way that's happening is if CP3 force his way to NY anf leave money on the table. Which is not happening

I believe the buyout is spread over 5 yrs since there are two years remaining.

yellowboy90 wrote:

3G4G wrote:

CrushAlot wrote:

3G4G wrote:

CrushAlot wrote:

Andrew wrote:

VCoug wrote:

yellowboy90 wrote:

According to Coon, the guaranteed money is still due to Kidd even in retirement, unless they agree on a buyout:

“Most retirements before a player’s contract is up come in the form of a buyout. The reason for this is that while a guaranteed contract obligates the team to pay the player, it also requires the player to render his services as a professional basketball player…the compromise arrangement players & teams make is for the team to agree to let the player walk, while the player agrees to take less money. These buyout amounts then count against the team’s cap…For contracts signed under the current CBA the buyout is paid across two times the number of remaining seasons plus one (i.e., a contract with one year left is paid out over three years, and a contract with two years left is paid out over five), and the team can also elect to spread the cap hit out over those same years.”

A little more space.

Hmm, I wonder if everyone will continue to tell my I'm wrong about his salary staying on the cap.

But it says his buyout counts against the cap, not his salary.

These buyout amounts then count against the team’s cap…For contracts signed under the current CBA the buyout is paid across two times the number of remaining seasons plus one (i.e., a contract with one year left is paid out over three years, and a contract with two years left is paid out over five), and the team can also elect to spread the cap hit out over those same years.”

It does sound like just his buyout counts against the salary and it also sounds like they can stretch it out. I saw a headline when I did a search on Kidd that said this gets the Knicks closer to Chris Paul. I don't think that is accurate but it certainly decreases their cap number and maybe gets them under the apron so that they can participate in sign and trades.

And what would we offer the Clippers to get CP3?

Crush you gotta stop with the wishing on a star posting man. Why didn't we get CP3 when he was available from NOH? We have nothing to offer the Clippers to make the assets and salaries work. Oh and we'd still have to be under the apron after the trade to pull it off. It's not happening.

What this allows for is a possible opportunity to do a S&T..... not for some superstar but for maybe a slightly above average role player.

So instead of taking a full $3mil off the cap next yr if a buyout is worked on, usually they don't go far below 40-50% remaining salary...it'll be the remaining figure. Since we owe him $6.1mil over the next 2yrs.... dollars to donuts he gets a $3mil buyout. You take the remaining $3mil and split it across 2 seasons and that's his cap hit.

It still comes down to signing J.R. Smith. If he signs for all of what he's entitled to we're still at the apron, even with the above example given for Kidd's buyout and we can't resign Cope or Prigs.

I guess you missed the part where I said, 'I don't think it is accurate.' Not sure how missing that led to a three paragraph post about how I need to stop thinking about chasing a star. My point was it is money off the cap. I also posted that it might get the Knicks under the apron earlier in the thread. Wait until mess up instead of not reading my whole post and making inferences.

You keep bringing it up...this is like the 3rd time you've mentioned CP3. Crush there are sites like...

Hoopshype SALARIES
Hoopsworld SALARIES
NBA FAQ
Shamsports SALARIES
USA TODAY SALARIES
DFW SALARIES

Start referencing them please...to know "how accurate" the fables are.

You are right about CP3 the only way that's happening is if CP3 force his way to NY anf leave money on the table. Which is not happening

I believe the buyout is spread over 5 yrs since there are two years remaining.

That's how far out I think we can make payments but his cap hit follows yrs remaining on deal, otherwise there could be serious manipulations with cap numbers.

VCoug wrote:

Andrew wrote:

VCoug wrote:

yellowboy90 wrote:

According to Coon, the guaranteed money is still due to Kidd even in retirement, unless they agree on a buyout:

“Most retirements before a player’s contract is up come in the form of a buyout. The reason for this is that while a guaranteed contract obligates the team to pay the player, it also requires the player to render his services as a professional basketball player…the compromise arrangement players & teams make is for the team to agree to let the player walk, while the player agrees to take less money. These buyout amounts then count against the team’s cap…For contracts signed under the current CBA the buyout is paid across two times the number of remaining seasons plus one (i.e., a contract with one year left is paid out over three years, and a contract with two years left is paid out over five), and the team can also elect to spread the cap hit out over those same years.”

A little more space.

Hmm, I wonder if everyone will continue to tell my I'm wrong about his salary staying on the cap.

But it says his buyout counts against the cap, not his salary.

Yeah, that's how buyouts work. If Kidd's contract wouldn't count against the cap why would we bother buying him out and adding to our cap figure?

As stated in the Coon quote:

The reason for this is that while a guaranteed contract obligates the team to pay the player, it also requires the player to render his services as a professional basketball player.

3G4G wrote:

CrushAlot wrote:

3G4G wrote:

CrushAlot wrote:

Andrew wrote:

VCoug wrote:

yellowboy90 wrote:

According to Coon, the guaranteed money is still due to Kidd even in retirement, unless they agree on a buyout:

“Most retirements before a player’s contract is up come in the form of a buyout. The reason for this is that while a guaranteed contract obligates the team to pay the player, it also requires the player to render his services as a professional basketball player…the compromise arrangement players & teams make is for the team to agree to let the player walk, while the player agrees to take less money. These buyout amounts then count against the team’s cap…For contracts signed under the current CBA the buyout is paid across two times the number of remaining seasons plus one (i.e., a contract with one year left is paid out over three years, and a contract with two years left is paid out over five), and the team can also elect to spread the cap hit out over those same years.”

A little more space.

Hmm, I wonder if everyone will continue to tell my I'm wrong about his salary staying on the cap.

But it says his buyout counts against the cap, not his salary.

These buyout amounts then count against the team’s cap…For contracts signed under the current CBA the buyout is paid across two times the number of remaining seasons plus one (i.e., a contract with one year left is paid out over three years, and a contract with two years left is paid out over five), and the team can also elect to spread the cap hit out over those same years.”

It does sound like just his buyout counts against the salary and it also sounds like they can stretch it out. I saw a headline when I did a search on Kidd that said this gets the Knicks closer to Chris Paul. I don't think that is accurate but it certainly decreases their cap number and maybe gets them under the apron so that they can participate in sign and trades.

And what would we offer the Clippers to get CP3?

Crush you gotta stop with the wishing on a star posting man. Why didn't we get CP3 when he was available from NOH? We have nothing to offer the Clippers to make the assets and salaries work. Oh and we'd still have to be under the apron after the trade to pull it off. It's not happening.

What this allows for is a possible opportunity to do a S&T..... not for some superstar but for maybe a slightly above average role player.

So instead of taking a full $3mil off the cap next yr if a buyout is worked on, usually they don't go far below 40-50% remaining salary...it'll be the remaining figure. Since we owe him $6.1mil over the next 2yrs.... dollars to donuts he gets a $3mil buyout. You take the remaining $3mil and split it across 2 seasons and that's his cap hit.

It still comes down to signing J.R. Smith. If he signs for all of what he's entitled to we're still at the apron, even with the above example given for Kidd's buyout and we can't resign Cope or Prigs.

I guess you missed the part where I said, 'I don't think it is accurate.' Not sure how missing that led to a three paragraph post about how I need to stop thinking about chasing a star. My point was it is money off the cap. I also posted that it might get the Knicks under the apron earlier in the thread. Wait until mess up instead of not reading my whole post and making inferences.

You keep bringing it up...this is like the 3rd time you've mentioned CP3. Crush there are sites like...

Hoopshype SALARIES
Hoopsworld SALARIES
NBA FAQ
Shamsports SALARIES
USA TODAY SALARIES
DFW SALARIES

Start referencing them please...to know "how accurate" the fables are.

Also, I have not been making a claim the Knicks are getting Paul so please don't suggest what I should be reading. You misread a post and made inferences and then claim things that aren't right or true. Please show me the post where I said the Knicks could get paul or manipulate their situation to get Paul. These claims of yours are wrong. I thought they were a simple mistake on your part but when you suggest that I need to read up on things when you mess up I feel like I need to respond. YOu made a mistake.; Please read my posts and stop making inferences about things I don't say because you don't read them.

Red1976 wrote:

Bonn1997 wrote:

Red1976 wrote:

GustavBahler wrote:

IronWillGiroud wrote:

GustavBahler wrote:

IronWillGiroud wrote:i disagree that he knew when to leave,

he should've left before this season, but he had so much class that he wanted to eek out another payday and drive drunk around long island,

yea, great career, but not sad to see him go.

my 2 cents.

Kidd was playing well for most of this season and was a big part of this teams success. Drunk or not he has infinitely more class than you have shown on this board, blob.

i disagree that he was a big part of the team's success this season,

maybe early on, but he went something like 200 minutes without a basket when it mattered most.

Felton credits Kidd for helping him have one of his best seasons ever, (sorry holfresh) and his 3pt shooting helped us win plenty of games. I was as disappointed in his playoff performance as anyone but that doesn't mean he didn't make a contribution to the team's success. Doesn't mean he should be disrespected like that.

+1 ...

Felton: "I could have never shot .427 and averaged 5 assists without Kidd's help!"

I was actually giving a "+1" to "Doesn't mean he should be disrespected like that"
life is not always about statistics ...

Bonn is going into convulsions right about now.....