Author Topic: Absolute drain salaries  (Read 956 times)

Offline Reality

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Absolute drain salaries
« on: August 02, 2005, 01:18:43 PM »
"Released" means releasing ex team is continuing to pay the amount, or a case by case basis?  Does it mean some teams are paying releasees, some are not?

I think we might agree across the board that these players are indeed a total drain to their ex teams.
It's a partial list, if anyone has an up to date new one, great.
BTW, did Vin Baker win his case?  Is he pulling a check from the Celts for 5 MILLION a year?
Does "retired" automatically mean a buyout was done or horror of horrors the player decided he would not continue to pull cashe from a team for doing nothing?(I would not apply this to players who got injured on the job or who made their teams so much freakin cashe ie Marketing Magic of Larry Bird.)

Boston Celtics
Vin Baker ..................  $5,333,333  [released]
Rick Fox ...................  $4,800,000  [retired]??

Charlotte Bobcats      
Eddie House ................    $825,000  [released 12/4]

Chicago Bulls          
Scottie Pippen .............  $5,408,700  [retired]
Eddie Robinson .............  $5,055,556  [released]

Golden State Warriors  
Christian Laettner .........  $5,500,000  [released] still getting in addition to his Heat check? :huh:  :eek2:


Houston Rockets          
Matt Maloney ...............  $3,237,500  [released]
 
Indiana Pacers          
Tremaine Fowlkes ...........     $79,029  [signed 11/25, released 12/13]
Britton Johnsen ............     $45,369  [signed 11/25, released 12/7] not bad pocket change for having never?? played in an NBA game?

Los Angeles Clippers  
no one.  Ha Ha you aint get one past The Donald.

Los Angeles Lakers    or Buss? :rolleyes:

Memphis Grizzlies    
Bo Outlaw ..................  $6,573,148  [released]
Troy Bell ..................  $1,381,920  [released]
 
Miami Heat            
Matt Freije ................     $28,191  [released 11/14]


Milwaukee Bucks          
Anthony Mason ..............  $4,710,435  [released]
Jason Caffey ...............  $4,148,148  [released]
Marcus Haislip .............  $1,400,000  [released 11/4]
 
Minnesota Timberwolves  

New Jersey Nets        
Dikembe Mutombo ............ $14,989,285  [released]
Awvee Storey ...............     $84,573  [released 12/8]


New York Knicks          
Shandon Anderson ...........  $7,300,000  [released 11/10]
John Amaechi ...............  $1,200,000  [released]
 
Philadelphia 76ers      
Todd MacCulloch ............  $5,899,400  [retired]
Greg Buckner ...............  $1,777,778  [released]
Efthimios Rentzias .........    $516,865  [released]

Phoenix Suns              
Howard Eisley ..............  $5,201,923  [released]
Yuta Tabuse ................    $108,066  [released 12/18]

Portland Trailblazers  
Arvydas Sabonis ............  $3,000,000  [released]
 
Sacramento Kings        
Courtney Alexander .........     $79,029  [released 11/20]

San Antonio Spurs
     
Toronto Raptors           Jerome Moiso ...............  $1,760,000  [released 12/17]
  Nate Huffman ...............  $1,280,000  [released]
    Roger Mason ................    $203,428  [released 12/16]

Utah Jazz
« Last Edit: August 02, 2005, 11:13:24 PM by Reality »

Guest_Randy

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Absolute drain salaries
« Reply #1 on: August 02, 2005, 02:25:15 PM »
Whether retired or released, most players work with management towards a "buyout" of their contract.  However, unless they have retired because of injuries, that contract still applies toward the cap, in my understanding, until it comes of the books.  Even in retirement due to injury, part of it counts against the cap and it goes down per year.  

Ziggy or dabods can help explain it much better than I can.

Offline Reality

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Absolute drain salaries
« Reply #2 on: August 02, 2005, 04:09:52 PM »
I know Deke Tumble is still pulling 14 mil from the Nets.  Zobert also took zillions from the Nets.  Not sure about the rest.

zig, 'bods where are you?
« Last Edit: August 02, 2005, 04:10:17 PM by Reality »

Offline ziggy

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Absolute drain salaries
« Reply #3 on: August 02, 2005, 04:45:17 PM »
I don't know all the rules, or all of the situations.  If a player is injured, and that injury leads to his retirement, that player gets paid.  GEnerally that is covered by insurance.  In these cases these players only count against the cap for 2 years from the time of the injury.

If a player retires, and isn't injured then he doesn't count against the cap, unless there is an agreement between the player and the team.  I the player is chooses not to continue playing then the team is not obligated to pay him.  The Bulls paid MJ after his first retirement, for a couple of reasons.  By paying him, they retained his rights, and retained his Bird rights.  If not he would have taken a huge pay cut, unless the Bulls were under the cap.  That was a choice the Bulls made, but it was not a requirement.

In the case of a buyout, the amount of the buyout is applied to the cap in equal amounts over the years of the original contract.  When Portland bought out Kemp, the buy out amount was spread over 2 years, as there were two years remaining on his contract at the time of the buyout.

As far as Sabonis, his deal was not guaranteed until a certain date (September 1).  Once that date passed it was guaranteed.  Portland released him prior to that date, and Sabonis was due nothing.  It was a team option, so I know the $3 million is incorrect.
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Offline westkoast

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Absolute drain salaries
« Reply #4 on: August 02, 2005, 09:10:09 PM »
Could have sworn Rick was traded just so his salary could be bought out.  Someone correct me if I am wrong.

I believe what Ziggy is talking about where insurance covers the remainder of the contract applied to Todd MacCulloch/76ers.
« Last Edit: August 02, 2005, 09:10:22 PM by westkoast »
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