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martin
Posts: 79878 Alba Posts: 108 Joined: 7/24/2001 Member: #2 USA |
Posted by technomaster: dude. http://members.cox.net/lmcoon/salarycap.htm Official sponsor of the PURE KNICKS LOVE Program
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TMS
Posts: 60684 Alba Posts: 617 Joined: 5/11/2004 Member: #674 USA |
as long as that player has not been waived or changed teams via free agency, then that player's Bird Rights remain intact after that 3 year waiting period... they enacted that 3 year thing so teams can't get cute & sign up their own players to 1 year cheap deals & then sign them up to bigger contracts the year after they acquire the other players they wanna get... like for instance, it prevents the Knicks from signing Lee & Nate to cheap 1 year deals this offseason & then saving the cap space to sign up free agents in 2010, after which they sign up Lee & Nate to longer term extensions using the Bird Exception loophole.
if however, say Nate & Lee were turning RFA next year instead of this year, & we had the same cap situation, then we could feasibly wait to sign Lee & Nate after we signed up 2 max FA's & then extend those guys on Bird Exception contracts, but their free agent amount would still count against the orginal cap figure, which means their combined qualifying offer figures would be included in our total cap total before any of the other free agents could be signed. so to break that down, next year Lee & Nate are slated to earn $5.4 mil combined w/their qualifying offer figures... so if we had the cap space next year that we're slated to have in 2010 & there were 2 max FA's that we wanted to sign up, we could wait to sign our own guys after we had used up our available cap signing up other players because we own their Bird Rights. the same would apply if say Lee & Nate were non-rookie contracted veteran players that had been on this team for 3 consecutive seasons w/o being waived too... for example, Donnie Walsh would have gained Chris Duhon's Bird Rights after the 2010 season if he had signed him up to a 3 year contract this past offseason instead of 2 years, but he chose to forego that in favor of maintaining the cap figure flexibility in 2010. i hope that made some sense the way i explained it... it's all really convoluted & confusing, i know. all the info i got is taken from the site martin cited above: http://members.cox.net/lmcoon/salarycap.htm After 7 years & 40K+ posts, banned by martin for calling Nalod a 'moron'. Awesome.
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