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Restructuring of Contracts...
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JohnStarksFan
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6/22/2012  9:24 AM    LAST EDITED: 6/22/2012  9:25 AM
So I just realized that next year Lebron, Wade, and Bosh will all make less than Melo and Amare. All because they restructured their contracts to allow for more cap space to fill in gaps in the lineup with guys like Battier and Miller.

So I've seen the idea thrown around before, and I KNOW it's not going to happen, but I was wondering if it is even possible to do that anymore. I think I've seen some of you guys say it's not allowed. I don't understand why it wouldn't be, and why teams would be forced to honor contracts if a player or players are willing to renegotiate.

Can someone shed some light on this?

Oh, and for clarity:
2012-2013 salaries:

James: 17,545,000
Bosh: 17,545,000
Wade: 17,024,000

Melo: 19,450,000
Amare: 19,948,799 (F--K!)

AUTOADVERT
VCoug
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6/22/2012  9:53 AM
JohnStarksFan wrote:So I just realized that next year Lebron, Wade, and Bosh will all make less than Melo and Amare. All because they restructured their contracts to allow for more cap space to fill in gaps in the lineup with guys like Battier and Miller.

So I've seen the idea thrown around before, and I KNOW it's not going to happen, but I was wondering if it is even possible to do that anymore. I think I've seen some of you guys say it's not allowed. I don't understand why it wouldn't be, and why teams would be forced to honor contracts if a player or players are willing to renegotiate.

Can someone shed some light on this?

Oh, and for clarity:
2012-2013 salaries:

James: 17,545,000
Bosh: 17,545,000
Wade: 17,024,000

Melo: 19,450,000
Amare: 19,948,799 (F--K!)

Lebron, Bosh, and Wade did not restructure their contracts, they took less money so they could sign Mike Miller that same Summer. Battier was signed using and exception.

Now the joy of my world is in Zion How beautiful if nothing more Than to wait at Zion's door I've never been in love like this before Now let me pray to keep you from The perils that will surely come
callmened
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6/22/2012  10:29 AM
the union WONT allow players to take paycuts ONCE they have a contract...cuz they think it will start a trend where players will make less money...and may be indirectly forced to take less money...
Knicks should be improved: win about 40 games and maybe sneak into the playoffs. Melo, Rose and even Noah will have some nice moments however this team should be about PORZINGUS. the sooner they make him the primary player, the better
JohnStarksFan
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6/22/2012  10:30 AM
VCoug wrote:
JohnStarksFan wrote:So I just realized that next year Lebron, Wade, and Bosh will all make less than Melo and Amare. All because they restructured their contracts to allow for more cap space to fill in gaps in the lineup with guys like Battier and Miller.

So I've seen the idea thrown around before, and I KNOW it's not going to happen, but I was wondering if it is even possible to do that anymore. I think I've seen some of you guys say it's not allowed. I don't understand why it wouldn't be, and why teams would be forced to honor contracts if a player or players are willing to renegotiate.

Can someone shed some light on this?

Oh, and for clarity:
2012-2013 salaries:

James: 17,545,000
Bosh: 17,545,000
Wade: 17,024,000

Melo: 19,450,000
Amare: 19,948,799 (F--K!)

Lebron, Bosh, and Wade did not restructure their contracts, they took less money so they could sign Mike Miller that same Summer. Battier was signed using and exception.

Aha! Got it.
Damn.

JohnStarksFan
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6/22/2012  10:33 AM
callmened wrote:the union WONT allow players to take paycuts ONCE they have a contract...cuz they think it will start a trend where players will make less money...and may be indirectly forced to take less money...

I don't like this. A guy who's making over $10 million should be allowed to restructure their contract at any time. Ultimately, I know this is a game about money now, but aren't all games essentially about winning? It really sucks that players and their agents can't make better informed decisions nowadays and not have to be succumb to pressure from everywhere. I do think players ARE much more informed than they used to be. I hope this will change in the future, but it probably never will.

callmened
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6/22/2012  10:36 AM
its still a bizness first!...the KEY is taking less money when creating a new contract...thats what miami did
Knicks should be improved: win about 40 games and maybe sneak into the playoffs. Melo, Rose and even Noah will have some nice moments however this team should be about PORZINGUS. the sooner they make him the primary player, the better
MSG3
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6/22/2012  10:38 AM
I think you're allowed to restructure contracts to spreadh what is owed over to later years. But I don't think players can shed dollars from their contract.
JohnStarksFan
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6/22/2012  10:47 AM
MSG3 wrote:I think you're allowed to restructure contracts to spreadh what is owed over to later years. But I don't think players can shed dollars from their contract.

I see... that could help next year. But no one's going to do it. Not for the sake of the team. Well, the only 2 who would need to would be Melo and STAT, and Lord knows that's not happening.

Can you add a year to a contract? That would be cool to do that with STAT and bring his average per year down to $16 mill over the next 4 instead of almost $22 mill over the next 3. Think what we could do with that extra cash...

MSG3
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6/22/2012  10:51 AM
JohnStarksFan wrote:
MSG3 wrote:I think you're allowed to restructure contracts to spreadh what is owed over to later years. But I don't think players can shed dollars from their contract.

I see... that could help next year. But no one's going to do it. Not for the sake of the team. Well, the only 2 who would need to would be Melo and STAT, and Lord knows that's not happening.

Can you add a year to a contract? That would be cool to do that with STAT and bring his average per year down to $16 mill over the next 4 instead of almost $22 mill over the next 3. Think what we could do with that extra cash...

I don't think you'd be able to add a year becaus ein effect you'd be shedding $ from the contract. And I do think that Melo, STAT and Chandlet would spread money to later years if it helped. Dpoesn't make a difference to them really.

smackeddog
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6/22/2012  11:23 AM
JohnStarksFan wrote:So I just realized that next year Lebron, Wade, and Bosh will all make less than Melo and Amare. All because they restructured their contracts to allow for more cap space to fill in gaps in the lineup with guys like Battier and Miller.

So I've seen the idea thrown around before, and I KNOW it's not going to happen, but I was wondering if it is even possible to do that anymore. I think I've seen some of you guys say it's not allowed. I don't understand why it wouldn't be, and why teams would be forced to honor contracts if a player or players are willing to renegotiate.

Can someone shed some light on this?

Oh, and for clarity:
2012-2013 salaries:

James: 17,545,000
Bosh: 17,545,000
Wade: 17,024,000

Melo: 19,450,000
Amare: 19,948,799 (F--K!)

People keep mentioning this, but it's not an option- we're over the cap- if our main players successfully restructured their contracts, and did it by enough to get us under the cap, we'd then lose the MLE. So if you wanted any practical gain from it, on top of them restructuring to get under the cap, they'd also have to take a further cut to negate the loss of the MLE ($5mil), then another cut to get even more below that to make the whole thing worthwhile. It's way too much of a reduction for a couple of extra million.

JohnStarksFan
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6/22/2012  2:15 PM
MSG3 wrote:
JohnStarksFan wrote:
MSG3 wrote:I think you're allowed to restructure contracts to spreadh what is owed over to later years. But I don't think players can shed dollars from their contract.

I see... that could help next year. But no one's going to do it. Not for the sake of the team. Well, the only 2 who would need to would be Melo and STAT, and Lord knows that's not happening.

Can you add a year to a contract? That would be cool to do that with STAT and bring his average per year down to $16 mill over the next 4 instead of almost $22 mill over the next 3. Think what we could do with that extra cash...

I don't think you'd be able to add a year becaus ein effect you'd be shedding $ from the contract. And I do think that Melo, STAT and Chandlet would spread money to later years if it helped. Dpoesn't make a difference to them really.

Chandler, sure. But Melo and Amare's contracts are too big as it is and will only get bigger in the next 2 years, so forcing money into those years would be incredibly counterproductive in the future. Ok, no more about this. I guess I'm just surprised at the $$ spent and I hope it's not wasted.

RonRon
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6/22/2012  3:00 PM
Melo does have the ability to opt out of the final year of his contract, one year before Amare and Tyson's deal ends.
Not that we would have have much cap space anyway though for that one year, when he can opt out.
We would have 2 1st round picks, by then the 2013 1st round pick and 2015 pick, the year Amare and Tyson's deal ends.
Iman Shumpert would also be a restricted FA the same year.

Now is Melo a "TEAM ME" or a "TEAM" player? Does he still want to be a Knick by then?
Will he try to extort the Knicks to another awful contract (like a Joe Johnson/Allan Houston like deal) or would he seek something much more cap friendly, for the Knicks future?
He would not be young by 2014-15, he would be in the league for 11 seasons going to his 12, and at the age of 30-31.
If he Melo puts up great numbers for 2 more years, he probably would opt out looking to maximize his production by looking for a long term deal, which is very reasonable.

However, more important than "STATS",

1) how does his style of play fit in with the teams, Lin's, if he is a prima donna, and does he he have coaching issues?

2) is he still a high volume shooter with poor shot selection? Does he try to make his team mates better?

3) does he get in shape before the season starts and coming in camp both years in good shape or not? if he shows any signs of major health issues and injuries?

4) if he plays hard on the defensive end and what positions he can defend with the SF/PF?

5) what the team has achieved by then in the next 2 years in the playoffs? if we are true contender or pretenders?

6) Will the Knicks even be interested in resigning Melo or rather have the cap space? What FA's will be on the market in those 2 years? Once again, Lebron, Wade, and Bosh would be able to opt out of their contracts, will they be looking like a dynasty, and if Lebron will play us once again?

7) Is rebuilding through the draft ever an option by then? Depending on how many more successful teams we see in 2015? Is Lin's contract is up and if he has shown the ability to be a leader and a starting "star" caliber PG? If he is, would he be okay with being the centerpiece of the team, while we collect assets though the draft for a a couple of years?

ChuckBuck
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6/22/2012  3:05 PM
EFF Restructuring, we just won the Bird Rights Case!!!

RonRon
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6/22/2012  3:16 PM
If I remember correctly, they moved Beasley for 2 2nd round picks to the Twolves, so they would have cap space to sign their big 3 and Mike Miller.
I don't remember if Mike Miller was signed for the MLE or not?
Shane Battier was signed with their Mini MLE, at 3m, the exemption for tax paying teams that are over the 74m bracket.
It is funny how the Heat were able to retain both their 1st round picks from Norris Cole last year and their 1st round pick this year.

Along with the deal for Melo, we gave up 2 GS 2nd rounders, which we acquired for the David Lee S&T along with Turiaf and AR, one of which was this years deep draft.
Our own 2nd round pick for this year, was top 55 protected for the S&T for Amare, which is pick 48.
I am not sure what happens in the future, if Sun's still get anything out of the trade for Amare.

Denver still gets GS 2nd round pick for next year for Melo trade.
With our own 1st round pick for 2014 and with the right to swap 2016 1st round picks?
Which probably would mean we would not look to do a full blown rebuild through the draft, after Amare, Tyson, and Melo all expire after 2014-15 season.

Solace
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6/22/2012  3:18 PM
RonRon wrote:If I remember correctly, they moved Beasley for 2 2nd round picks to the Twolves, so they would have cap space to sign their big 3 and Mike Miller.
I don't remember if Mike Miller was signed for the MLE or not?
Shane Battier was signed with their Mini MLE, at 3m, the exemption for tax paying teams that are over the 74m bracket.
It is funny how the Heat were able to retain both their 1st round picks from Norris Cole last year and their 1st round pick this year.

Along with the deal for Melo, we gave up 2 GS 2nd rounders, which we acquired for the David Lee S&T along with Turiaf and AR, one of which was this years deep draft.
Our own 2nd round pick for this year, was top 55 protected for the S&T for Amare, which is pick 48.
I am not sure what happens in the future, if Sun's still get anything out of the trade for Amare.

Denver still gets GS 2nd round pick for next year for Melo trade.
With our own 1st round pick for 2014 and with the right to swap 2016 1st round picks?
Which probably would mean we would not look to do a full blown rebuild through the draft, after Amare, Tyson, and Melo all expire after 2014-15 season.

They didn't have an MLE. They were under the cap. LeBron, Bosh, Wade all took less to leave enough room to sign Miller under the cap. You either get cap space or MLE. Not both in the same season.

Wishing everyone well. I enjoyed posting here for a while, but as I matured I realized this forum isn't for me. We all evolve. Thanks for the memories everyone.
Jmpasq
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6/22/2012  5:19 PM
RonRon wrote:If I remember correctly, they moved Beasley for 2 2nd round picks to the Twolves, so they would have cap space to sign their big 3 and Mike Miller.
I don't remember if Mike Miller was signed for the MLE or not?
Shane Battier was signed with their Mini MLE, at 3m, the exemption for tax paying teams that are over the 74m bracket.
It is funny how the Heat were able to retain both their 1st round picks from Norris Cole last year and their 1st round pick this year.

Along with the deal for Melo, we gave up 2 GS 2nd rounders, which we acquired for the David Lee S&T along with Turiaf and AR, one of which was this years deep draft.
Our own 2nd round pick for this year, was top 55 protected for the S&T for Amare, which is pick 48.
I am not sure what happens in the future, if Sun's still get anything out of the trade for Amare.

Denver still gets GS 2nd round pick for next year for Melo trade.
With our own 1st round pick for 2014 and with the right to swap 2016 1st round picks?
Which probably would mean we would not look to do a full blown rebuild through the draft, after Amare, Tyson, and Melo all expire after 2014-15 season.

Yeah how did they keep those picks didnt they trade 2 first rounders to the Raptors and 2 to the Cavs. WHat did they trade 2018 picks or something
Check out My NFL Draft Prospect Videos at Youtube User Pages Jmpasq,JPdraftjedi,Jmpasqdraftjedi. www.Draftbreakdown.com
RonRon
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6/22/2012  5:41 PM
Solace wrote:
RonRon wrote:If I remember correctly, they moved Beasley for 2 2nd round picks to the Twolves, so they would have cap space to sign their big 3 and Mike Miller.
I don't remember if Mike Miller was signed for the MLE or not?
Shane Battier was signed with their Mini MLE, at 3m, the exemption for tax paying teams that are over the 74m bracket.
It is funny how the Heat were able to retain both their 1st round picks from Norris Cole last year and their 1st round pick this year.

Along with the deal for Melo, we gave up 2 GS 2nd rounders, which we acquired for the David Lee S&T along with Turiaf and AR, one of which was this years deep draft.
Our own 2nd round pick for this year, was top 55 protected for the S&T for Amare, which is pick 48.
I am not sure what happens in the future, if Sun's still get anything out of the trade for Amare.

Denver still gets GS 2nd round pick for next year for Melo trade.
With our own 1st round pick for 2014 and with the right to swap 2016 1st round picks?
Which probably would mean we would not look to do a full blown rebuild through the draft, after Amare, Tyson, and Melo all expire after 2014-15 season.

They didn't have an MLE. They were under the cap. LeBron, Bosh, Wade all took less to leave enough room to sign Miller under the cap. You either get cap space or MLE. Not both in the same season.

you are correct, Miller was known as one of the better shooters in the league with good size.
But he has been injured for much of his time in Miami, but this game was big for him, dividends game on the one game that he will be remembered for as a Heat.

In response to Jmpasq, I have no clue, for Lebron

I thought they gave up 2 of their 1st round picks from 2013-2017 to Cleveland, not sure what years that they can choose to give them and how that works.
They also gave up 2 2nd round picks, one of is OKC's and one they acquired from New Orleans. None of which i believe Cleveland has received yet.

For Bosh, they gave up 2 1st round picks, one of which was Toronto's to begin with, along with a 2011 draft pick of the Heats, yet I don't know how they were able to draft Norris Cole
I think they might have traded for or bought the pick for Norris Cole.

They both also got trade exemptions as the Heat were under the cap, to give the extra year in contracts to Lebron and Bosh.

VCoug
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6/22/2012  6:05 PM
Jmpasq wrote:
RonRon wrote:If I remember correctly, they moved Beasley for 2 2nd round picks to the Twolves, so they would have cap space to sign their big 3 and Mike Miller.
I don't remember if Mike Miller was signed for the MLE or not?
Shane Battier was signed with their Mini MLE, at 3m, the exemption for tax paying teams that are over the 74m bracket.
It is funny how the Heat were able to retain both their 1st round picks from Norris Cole last year and their 1st round pick this year.

Along with the deal for Melo, we gave up 2 GS 2nd rounders, which we acquired for the David Lee S&T along with Turiaf and AR, one of which was this years deep draft.
Our own 2nd round pick for this year, was top 55 protected for the S&T for Amare, which is pick 48.
I am not sure what happens in the future, if Sun's still get anything out of the trade for Amare.

Denver still gets GS 2nd round pick for next year for Melo trade.
With our own 1st round pick for 2014 and with the right to swap 2016 1st round picks?
Which probably would mean we would not look to do a full blown rebuild through the draft, after Amare, Tyson, and Melo all expire after 2014-15 season.

Yeah how did they keep those picks didnt they trade 2 first rounders to the Raptors and 2 to the Cavs. WHat did they trade 2018 picks or something

RealGM has good, detailed write-ups for every team's traded draft picks. http://basketball.realgm.com/nba/draft/future_drafts/detailed

According to them, they only owe two first rounders two Cleveland and a second rounder to Brooklyn.

http://sports.espn.go.com/nba/news/story?id=5368003

According to that article, Miami traded two 2011 first rounders to Toronto for Bosh; Miami's own first and Toronto's first.

Now the joy of my world is in Zion How beautiful if nothing more Than to wait at Zion's door I've never been in love like this before Now let me pray to keep you from The perils that will surely come
Restructuring of Contracts...

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