Cleveland gave 50% advances to all three of LeBron James, Kyrie Irving and Mike Miller this summer. Chris Bosh’s new contract with Miami calls for a highly comparable 40% advance, should we wish to keep naming names. Of all the new contracts handed out this offseason, approximately 50 call for some sort of advance, and while some of those advances are a mere $50,000 or so, some are as big as it gets.

gunsnewing wrote:Ok it's $62m over 5yrs

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TPercy wrote:

EnySpree wrote:I don't see any story here. He's just going to get his yearly salary upfront. I wish I could do that.

dont we all?

To assure fiscal responsibility I wouldn't.

I'm more than okay with receiving monthly salary payment or bi-monthly

Receiving half a year up front before the first work month of calendar yr is dangerous

Some could be tempted to spend irresponsibly and mismanage funds

TripleThreat wrote:

Bonn1997 wrote:When does he get this money? Is it part of or in addition to the 124 mil? The writing is confusing.

Jalen Rose covered this during a Grantland podcast a while ago ( though not about Melo specifically) He said every player has it set up differently based on their contract language.

In terms of the NBA and the Knicks, I don't think it matters to me how or when Melo gets paid. I care that he chews up so much cap that the Knicks have less flexibility, but the how and when of the logistics of the money to his bank account means little to me.

Where it MIGHT matter is that many pro athletes are notoriously bad with their money and many spend beyond their means and live check to check ( as crazy as that sounds) Many go broke a few years after they stop playing.

There will probably be a labor war/lockout in 2017. Players who aren't responsible with their money are more likely to cave in and give in to the owners demands just to keep a paycheck coming soon. If Melo needs so much cash upfront because he's spending it like water, and that's a trend across the league, then I think you'll see the players union cave again in 2017, maybe even up to widespread use of non guaranteed contracts and a hard cap ( which I think the owners truly want)

The usage of both would mean teams could start over quickly. You could dump an Amare after the first few seasons. You could dump a Bargnani. On the flip side, a STAT can make less but go to a contender. It would empower GM's and coaches again. I think you'd see less of the kind of selfish POS crap that Kobe Bryant seems to pull all the time. If Mamba knew he could get his contract axed at any time, maybe he'd spend less time trashing team mates in public, raping girls in Colorado and treating playing defense like it was a bad case of herpes.

The NBA players union was never successful at any point because they were smart, they were lucky that the game requires specific height so far outside the norms of most of society ( how many 6'7 super athletic people do you know that can dribble at NBA speed?) that talent shortage and demand allowed players to act like jackholes for so long. The chickens are coming home to roost in 2017. Dumb ignorant jerks like Gilbert Arenas, Eddy Curry and Baron Davis doomed the entire players union. It's one thing to get a big overpaid contract and just not play well or get hurt. It's another to mail it in and not care and get fat and be a jerk. Watching Rip Hamilton act like a piece of trash for years before the Pistons could dump his contract was sad. Watching Hamilton cry and whine and point fingers and be a prima donna because he hated his coach and wanted to play somewhere else, all while playing in a city like Detroit that was severely economically depressed, how smart is that? You got regular people losing their homes and jobs. We are talking keeping the lights on and food on the table type crisis and do you think they want to see Rip Hamilton crying about his millions and flying around in a chartered private jet to games because he hate his coach?

I hope more players are fiscally irresponsible and need more money upfront, then in 2017, the owners firebomb the players union into tiny little pieces and let any team get a true chance to rebuild in a year instead of having one or two players or bad moves cripple a franchise for 4-5-6 years at a time.

Fiscal irresponsibility and not preparing for the clear 2017 labor war is going to hurt a lot of players in the league. The chickens are coming home to roost.

Interesting post. I think is a leap to assume Melo is living paycheck to paycheck and not managing his money. I think the impetus for this is simple. Melo is hanging out with investors. Someone is in his ear who has had a basic business education and told Melo about the time value of money. It is the same reason that if you win the lotto you should take the lump sum payment and not the annuity even though the annuity seems like more money. The truth is YOU or someone smarter than you can put your money to work for you and easily see a return that would be greater than the annuity.

So Melo gets say 7 mil after taxes dropped into his bank account now. Instead of waiting for January. Those 4 months he can put his money to work and that 7 mil could be worth 7.125 or more assuming around 6% return on investment.

Nalod wrote:Money upfront is more valuable then over time. Plain and simple.

Haters see Melo as this......

Papabear Says

I just put this thread up there to see what you guys thought. Aii I was saying was I believe that if Jackson would have stayed his ground to 115 million Melo would have caved in. It maybe was about the money? I don't think any of those teams were in play. Melo wanted the money and Jackson blinked. Hey I'm a Melo fan but not as high on him as I used to be. I wanted him to get a big pay day. But a few million deduction. How will that help the team. If he would have taken the whole thing I would have felt better. But the little he gave back wont really help that much. So I say to Melo like I would say to my best friends. Don't bullsh!t me just take the whole damn thing or leave something on the table that we can work with. Now after saying that I'm still a Melo fan keeping it real.