Sam Smith: 2010 Free Agency Economy's Latest Victim
Old 03-10-2009, 09:21 AM   #1 (permalink)
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Default Sam Smith: 2010 Free Agency Economy's Latest Victim

Hmmm .... if Bosh really is in it for the money, his best option might actually be to re-sign here in Toronto considering the state of the economy in the U.S. as well Canada.

Good read considering who the source is.

Quote:
Originally Posted by Sam Smith
Agents for potential 2010 free agents are starting to consider urging their clients to sign contract extensions this summer rather than taking a chance in free agency, Sam Smith writes on his blog on bulls.com.

The reason? The faltering economy. And the chance of change with the Collective Bargaining Agreement being re-opened.

"I'd think every prudent representative would be sitting down his guys and explaining there could be a lockout, a new CBA (collective bargaining agreement), and there's always the injury component," said former agent and Chicago based attorney George Andrews. "That maybe it's time to lock in security now. I don't see the CBA going up in any shape or form. You are unlikely to get more years than you can now and there's a pretty good chance the maximum salary would go down in a new CBA. You might even (with an extension this summer) get some language so you'd get paid if there is a lockout, something of a tradeoff for extending now. And from a team standpoint, you could tie up your best guy and he would not be any more difficult to trade if you wanted to go that way."

"If you can get the current (contract) rates and increases allowed, and then maybe you get a trade kicker, which might not be in a new CBA," offers Andrews. "The way things were going everyone thought the cap would be in the $60 million (range). Now maybe it's in the mid or low 50's. It will make it harder for teams to get cap room and sign (a second) guy because you won't (being under the salary cap) have your mid level exception. You'd be cannibalizing your team (to sign a big free agent)."

"And then if you are (as a player) going somewhere, you have to ask yourself, 'Is it better there than it is here?'" Andrews said. "You might be able to retool after a year or two, but how does that help a guy's legacy to go somewhere and not be able to compete. The next step for someone like LeBron for more endorsements is to win a championship. Then he'd be even more valuable. How would going somewhere and being mediocre for two years while you try to build around him help?"

"From a security standpoint and everything else, it makes a lot of sense to extend now," said Andrews. "You don't know what will happen if there's a new CBA. It wouldn't shock me to see Billy Hunter enter into something next season as he sees how bad things can get, maybe make a new deal before things bottom out. And his concern has to be not five or six guys, but the players as a whole. Who knows? Maybe the owners will want to get rid of the mid level and he can get a jump on that by giving them relief a year earlier and save some things.

"The maximum is correlated to the cap," Andrews noted. "And the cap is going down. Stern already has said that. How in the world would you expect to get more money with the cap going down, the numbers of years (likely) curtailed? Nobody could have anticipated this."
Source - BULLS: Sam Smith: 2010 free agency economy
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Old 03-10-2009, 09:26 AM   #2 (permalink)
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He is resigning this offseason or sometime during the '09 season

6 years, $133 million

you heard it here first
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Old 03-10-2009, 09:46 AM   #3 (permalink)
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hmmmm, interesting read.
money talks in the NBA... we'll see if the players walk.


*ok, that sentence made absolutely no sense whatsoever.
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Old 03-10-2009, 09:55 AM   #4 (permalink)
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Here's the question though. If you're a team and you know this financial armageddon is looming. Do you even bother handing out a max contract? Say if the cap goes down, do you want one player taking up even more of that number? I dunno. I also find it hilarious that all these guys want MAX deals. Wouldn't it make more sense to take a smaller more cap friendly deal and help the team build a winner? Yes it's utopian, but it happens in sports all the time.
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Old 03-10-2009, 10:01 AM   #5 (permalink)
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yeah cg, but this is the 'all about the benjamins' generation. it is a rare occurrence for a player to forgo cash for the chance at a 'ship. i always felt that Bosh might be that kind of guy, given the head on his shoulders, but we've pissed that opportunity away through mediocrity. no way he gives up cash to further his chances with the raps at this point. cb is lookin out for cb now.
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Old 03-10-2009, 10:05 AM   #6 (permalink)
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players want to collect as much dough as possible b/c the next day they could be playing their last game.

Also after retirement many NBA players aren't raking in the big bucks
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Old 03-10-2009, 10:15 AM   #7 (permalink)
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True enough and I know its utopian, but you look at football and how many deal get restructured just so the team has the ability to make itself better.

I find it hilarious though that guys in the NBA say, no I need more that say 12 million/yr. I need 22 million or whatever gross amount. It makes absolutely no sense to me, but yet again, it is utopian but if you want to build a winner in today's age, taking some pay cuts might be the way to go.
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Old 03-10-2009, 10:17 AM   #8 (permalink)
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Quote:
Originally Posted by TO2988 View Post
players want to collect as much dough as possible b/c the next day they could be playing their last game.

Also after retirement many NBA players aren't raking in the big bucks
It's because most do really dumb things with their money. I mean, some guys who make say, 6 million dollars, guaranteed over 4 years. That's 24 million dollars guaranteed to you. A person can live very comfortably on that. Problem is, a lot of people don't know how to spend their money, instead blow it all away. If that's the case, then well, sorry, you deserve to have no money. You had the opportunity many people would kill for and a salary many would kill for as well. If you blow it away, then well, sorry, that's your fault.

Last edited by Claudius; 03-10-2009 at 10:36 AM.
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Old 03-10-2009, 10:27 AM   #9 (permalink)
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I think LeBron, Wade, Bosh, Joe Johnson all sign extensions

Redd and Chandler will become free agents in '11


Amare, Nash, T Mac, Josh Howard will be the biggest headliners
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Old 03-10-2009, 10:34 AM   #10 (permalink)
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Quote:
Originally Posted by Claudius View Post
True enough and I know its utopian, but you look at football and how many deal get restructured just so the team has the ability to make itself better.

I find it hilarious though that guys in the NBA say, no I need more that say 12 million/yr. I need 22 million or whatever gross amount. It makes absolutely no sense to me, but yet again, it is utopian but if you want to build a winner in today's age, taking some pay cuts might be the way to go.
I think Latrell "I don't have enough money to feed my kids" Sprewell characterizes this generation of players in a nutshell.
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Old 03-10-2009, 11:33 AM   #11 (permalink)
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Originally Posted by TO2988 View Post
He is resigning this offseason or sometime during the '09 season

6 years, $133 million

you heard it here first
I doubt it. Plus i hope not, he's not worth max money!
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Old 03-10-2009, 11:42 AM   #12 (permalink)
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When Bosh, Lebron, and Wade signed on until 2010, it was specifically centered around being able to negotiate according to the new CBA no? The idea was that there would be a lot more money to go around and the rules relaxed in terms of max years. And now it's looking like a very different situation.

I wonder if a looming strike would kill general interest in other teams looking to sign Bosh. Maybe he will take less in today's terms by being convinced that it will be more than he will find elsewhere, and particular in the future. That wouldn't be so bad.
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Old 03-10-2009, 11:51 AM   #13 (permalink)
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Does anyone know why Carmelo broke the cycle and decided upon 2011 I believe?
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Old 03-10-2009, 12:00 PM   #14 (permalink)
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Quote:
Rather than choose the five-year extensions they were eligible for that would kick in starting with the 2007-08 season, James and Wade went for three-year deals with an option for a fourth -- and the chance to become free agents sooner and potentially make even more money.

"It was a no-brainer for me," Anthony said. "When all the rumors were out there saying I was signing this type of deal or that type of deal, my family called me and said, 'Look, are you crazy?' Growing up we don't have [much]."

Anthony has a clause in his contract, though, where he can terminate the deal after the fourth year.

"This is where I want to be," Anthony said. "The whole state has embraced me."

My situation is different than other situations," he said. "I had to make sure my family is straight, make sure my kids, my grandkids, my great-great grandkids are straight. That's why I feel good about it.
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Old 03-10-2009, 12:55 PM   #15 (permalink)
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I don't know if it is the same as baseball but the MLBPA gets really pissed off when players don't take the highest contract offered to them or if they take a pay cut to help the team.

Reason being that while the extra 2 million bucks might mean nothing to the guy on the top in the long run, it places an improper value to that player. Then when a guy who is worse goes to get a salary GM's and Arbitrators point to players who voluntarily took the cut and say "Well if he is worth 8 million, YOU can't be worth 6, you're worth 4.5".

The only time guys get away with it is when they are getting on in years, really want the championship and can basically tell the union to go fuck themselves because the odds of them needing the union for anything becomes lower.
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Old 03-10-2009, 12:57 PM   #16 (permalink)
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I can't remember who posted it, maybe you want to take some credit...it was a while back about the cap potentially going down and maybe these guys will sign shorter deals in the near team to get to the end of financial turmoil and then resign big....

Who was that? Looking pretty bright aren't ya?
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Old 03-10-2009, 01:12 PM   #17 (permalink)
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Quote:
How in the world would you expect to get more money with the cap going down, the numbers of years (likely) curtailed? Nobody could have anticipated this."
Bullshit.

League trends aren't difficult to see, ESPECIALLY when it's your job to look for them. There was substantial CBA chatter two years ago, last year, and now. It ALL spoke about a spiralling economy.

Effin agents, and greedy players with ZERO education on the economics involved are a sad reflection of whats happeneing in the NBA.

sad.
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Old 03-10-2009, 01:25 PM   #18 (permalink)
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Quote:
Originally Posted by Renihan_00 View Post
I can't remember who posted it, maybe you want to take some credit...it was a while back about the cap potentially going down and maybe these guys will sign shorter deals in the near team to get to the end of financial turmoil and then resign big....

Who was that? Looking pretty bright aren't ya?
I believe you're talking about this post (used to be a topic when I've started it ...)
The Future of Chris Bosh in Toronto - Page 3
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Old 03-10-2009, 01:43 PM   #19 (permalink)
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I long for the day when a star player forgoes a big pay day to accept a contract only worth a couple mil a year
until then I dont want to hear players complain bout the talent they're surrounded with
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Old 03-10-2009, 01:48 PM   #20 (permalink)
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Quote:
Originally Posted by TO2988 View Post
I long for the day when a star player forgoes a big pay day to accept a contract only worth a couple mil a year
until then I dont want to hear players complain bout the talent they're surrounded with
would you take a pay cut at work to get a better receptionist?
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