Posted by Bonn1997:
What? Teams move up and down in the draft all the time. If Layden had been willing to take back an extra $80 mil in long-term contracts (about half of the Marbury trade), I'm sure teams would listen. Or you could throw in a lottery protected future pick too.
not when you have Lebron, Darko (who was extremely highly touted), Carmelo, Bosh & Wade available in the draft they don't...plus, i do remember reading rumors at the time that Layden was seeking to trade up, but couldn't find any takers...he couldn't get a deal done but not for lack of trying if you believe the stories in the papers before the 2003 draft...now i hate Layden as much as anyone, but i can't blame him for not being able to trade up in the draft that year.
btw, i'm being technical but from my calculations the Knicks took back less that your $160 million dollar estimate in longterm contracts in the Marbury trade:
Knick gave up:Eisley (~$19 million)
Ward (~$6 million)
McDyess (~$5 million)
Lampe (~$3 million)
future conditional 1st round pick (~$10 million for rookie contract)
rights to Milos ($0 dollar value because he wasn't coming over)
(total = ~$43 million)
Knicks received:Marbury (~$105 million)
Penny (~$44 million)
(total = ~$149 million)
the difference taken on was ~$106 million, half of which is ~$53 mil...are you getting that figure after adding in your estimated projection of luxury tax figures here? has that been established yet or is it still up in the air as to how much luxury tax will be charged over the life of the deals involved here? i ask because i had heard it wasn't yet set in stone whether or not a luxury tax would be charged in the coming seasons.
[Edited by - TMS on 01/31/2005 17:01:55]
After 7 years & 40K+ posts, banned by martin for calling Nalod a 'moron'. Awesome.