Welpee wrote:BigDaddyG wrote:Back surgery! We really are doing this guy a solid.
OK, so I thought maybe the Knicks did this because his agent has a couple of high profile clients the Knicks may want down the road. Here is David Bauman's client list as far as I can find: https://basketball.realgm.com/info/agent-client-list/David-Bauman/27
I just don't get it. Hard to imagine Bullock is going to play this season yet we decided to give him a contract anyway when we didn't have to?
Cash Hit Vs Cap Hit
Insurance will cover out much of Bullock's cost. So while he factors in the cap equation, he doesn't in the cash equation.
One of the strong points of the MoneyBall film was the "Find The Money/Keep The Money" principle.
Beane wanted a reliever, Rincon, his owners said you can trade for him, but it can't increase the cash hit. So Beane worked some deals to create the cash to offset Rincon's salary.
While the Knicks are a cash rich team, they still a budget and they can't just spend freely without restraint. The cash savings could go to international scouting, specialized coaching, maybe keeping around their extra film room guy, some new training equipment or into the general "payoff " fund. (i.e. every team has slush money set aside to pay people off during the season. Player does something stupid, you have to pay off a fan or a media person to keep them silent, etc)
On Bullock's side, he keeps accruing service time, which goes towards his later years pension and benefits.
Bullock signed in good faith. The Knicks saw a cash benefit and maybe Bullock can help them later and also simply acted in part in good faith.
It's easy to look at these huge team cap numbers and minimize the value of a couple of million in cash, but it's a huge deal operationally for any team.