
In the recent
Creative Financing In The NBA post, I wrote at great length about the
Xavier Henry situation. In the span of about 27,000 words, I tried to explain all the nuances of this largely unprecedented and highly unattractive situation, using as many real-life examples and corollaries as I could find.
After that time, far more significant media personalities ran with the story. Starting with
NBA.com's David Aldridge - who ran a very similar piece that even used the same
Glenn Robinson-based introduction, but who had the ability to get the quotes that a 20-something English student doesn't have - and culminating in
an explosive interview with Grizzlies owner Michael Heisley on the Chris Vernon Show, the story became one of the most protracted subplots of the offseason, its explosive crescendo at the Vernon interview making for late-summer viewing joy.
In between those bookends came
this piece from the Commercial Appeal's Ron Tillery, that details the required incentives in ways we previously could only guess at.
The Griz have offered Henry 100 percent of that salary with the extra 20 percent tied to performance-based bonuses.
The Grizzlies' proposed incentive package includes:
Participation in summer league.
A two-week workout program with the team's training staff.
Satisfying one of the following: play in NBA rookie/sophomore game during All-Star weekend, or earn an all-rookie selection, or average 15 minutes in at least 70 games.
Perhaps more pertinent still are
these quotes from Henry's agent, Arn Tellem, in which he describes the move from his point of view.
The agent, Arn Tellem, says the Grizzlies are trying to make Henry meet performance bonuses, such as making the rookie challenge at All-Star weekend or being named to one of the all-rookie teams. He says only one player out of more than 450 since the rookie salary scale was instituted in 1995 has agreed to a performance bonus.
"Basic fairness and equality are fundamental aspects of every positive organization-player relationship, and those concepts are totally absent from the Grizzlies' current proposal to Xavier," Tellem said.
Tellem said Henry would agree to bonuses that are frequently offered to reach the full 120 percent, such as taking part in conditioning programs or playing in the summer league, but said no other team in this draft had asked a player to accept a performance incentive.
Later, it was revealed that
Tellem had offered to pay Henry's salary himself, for as long as the holdout continued. [No word on whether
Greivis Vasquez's agent promised the same.]
In the end, he's not going to need to do that; Heisley has changed his mind,
backed down from the pressure, and rescinded the minutes played incentives. Vasquez and Henry will now sign in short order and begin their post-soap opera lives. And it only took slightly longer than
a guinea pig's gestation period.
Tellem's overview of the situation seems to lie in direct contradiction to my own breakdown of the situation, as described in the initial post. In that piece, I described at great length the fact that not just some, but
most rookie contracts contain performance incentives,
including those of the top three players in this year's draft. In direct countenance to that is Tellem's subsequent claim that it's only previously happened once. Because of the direct confrontation between those two points of view, both of my regular readers have posed the same question; Who is right? Me, or Arn Tellem?
The answer: Both of us, kind of.