More Creative Financing In The NBA, 2009
August 28th, 2009
Here’s a longer list of things that were not included in the original Creative Financing post, either because I forgot to include them, or (in one instance) because the sweet prince who called our hotline with the information had not yet come forward. Remember; all calls are anonymous and you could receive a cash reward for information. (Wait, no you couldn’t. That’s the slogan they use on Crimewatch. Ignore that.) – As a part of the new scheme of turning this website’s salary information from a static exhibit into a working reconstruction of life in First World War France, there now exists a page that lists all remaining salary cap exceptions for every NBA team. Of note on this list is the curious case of Channing Frye, the former Blazers and Knicks forward whose transformation from the next Dirk Nowitzki to the next Malik Allen is almost complete. The Suns signed Frye last month to a two-year, $4,139,200 contract; not coincidentally, that is the same amount as the full value of the Bi-Annual Exception. However, the Suns didn’t actually use their Bi-Annual Exception to sign him. Knowing that they wouldn’t be using the full MLE to sign somebody due to their payroll concerns, the Suns cleverly (and creatively) used an equivalent chunk of their Mid-Level Exception instead. As the name would suggest, you get to use the Bi-Annual Exception a maximum of once every two years, so if the Suns used it this year, they wouldn’t get it next year. But if they roll it over, they do. It’s pretty shrewd, when you think about it. (Teams that should have done this but didn’t include Washington – who used their BAE on Fabricio Oberto, and who won’t use their MLE – and Chicago – who used their BAE on […]
Creative Financing In The NBA, 2009
August 26th, 2009
If you Google the term “creative financing otis smith”, you’ll find quite a few hits. It’s long been a favoured phrase for Orlando Magic general manager Otis Smith, and his most famous usage of the phrase came in the run-up to the 2007 offseason. Smith used the term “creative financing” to describe how the Magic were going to handle having maximum cap room, juggling signing other team’s free agents with retaining Darko Milicic. It was a fairly generic term that said something without really saying anything. And it only gained its resonance after Smith used all his money to give Rashard Lewis a massive, massive contract You’ll also, slightly depressingly, find this website fourth in those search results. There’s a reason for that. “Creative financing” is something that I’ve harped on about for a while. The financial side of the NBA gives me a jolly; watching and learning how the NBA teams manage (or mismanage) their salary cap space, the luxury tax threshold and all their exceptions gets me going in ways that it really shouldn’t. I don’t know why it’s fun, I only know that it is. I think you agree. Therefore, there follows a list of some of the better examples of creative financing in the NBA today, some of the ways in which executives and cap experts have manipulated the system, staved off the shackles of oppression, and beaten the terrorists. – The Bulls set a precedent by signing four players to descending deals at the same time. At one point, the contracts of all four of Kirk Hinrich, Andres Nocioni, Smiling Joe and Sulking Ben had contracts that shrunk on a year-by-year basis. The idea of this was to maintain future salary flexibility to allow them to retain Ben Gordon, Luol Deng and Tyrus Thomas […]
Jay Williams attempting a comeback, sort of
August 12th, 2009
Former Bull Jay Williams plays again, for the first time in two and a half years. Former NBA point guard Jay Williams is aiming to relaunch his career through the Chinese Basketball Association (CBA). Williams, the second overall pick by the Chicago Bulls in the 2002 NBA draft – behind Yao Ming, almost lost his life in a motorcycle accident a year later and his promising career appeared to be over. (more at the link) Since his accident in June 2003, Jay’s basketball journey has taken many forms. Williams spent three and a half months in hospital, recovering from the multiple torn ligaments, broken pelvis and nerve damage that almost saw him lose his leg (but not his life, contrary to the article’s verbiage). His rehab had only begun in earnest; it would be three more years before he returned to the court. During the early stages of his rehab, Williams kept a blog on NBA.com, which still survives to this day (as long as you can tolerate five and a half years of dust). The optimistic tone of the blog made it sound like a comeback would be possible, if a long way off. And this proved to be kind of true, as Williams did eventually sign another NBA contract. But he never played another regular season NBA game. In October 2006, more than three years after the accident, Williams signed a training camp contract with the New Jersey Nets. The contract was not guaranteed, and both Williams and the Nets signed it knowing that his chances of making the team were about as small as a tadpole’s corset. Nevertheless, however unlikely of a gesture it may have been, the signing was symbolic; Jay had made it back from the brink. Unfortunately, he struggled mightily. And that ruined the […]
Basketball in South Korea has some interesting rules
August 12th, 2009
The South Korean basketball league [KBL] has some quirky rules. It’s a relatively new league, only ten years in existence, that unashamedly focuses on Korean national players. Part of that means heavily restricting the amount of Big Foreign Americans™ that so heavily permeate all the other leagues around the world. A few years ago, the KBL had a rule that barred any players standing 6’8 and above. What the intended purpose of that was, I don’t know, but presumably they quickly figured out how damaging that rule was to their basketball product, because they have now done away with it. Now, tall foreign dudes are allowed. And they’re prevalent. Every summer, the KBL holds a draft of foreign players who want to play in their league that year. The players that are drafted are mostly tall guys, as apparently Korea doesn’t produce much talented size of their own. (Ha Seung-Jin excepted, of course.) The criteria for entry in the draft, though, is pretty weird. The following is looted without permission from the Korean Basketball League website: [The] Korean Basketball League (KBL) Pre-Draft Tryout Camp for Foreign Players will be held from July 22nd (Wed) to 24th (Fri), 2009 at Bishop Gorman High School in Las Vegas, NV, U.S.A. The players who are interested in playing in Korea for the 2009~2010 season, which will start from the middle of October 2009 to the end of April 2010, and meet the qualifications below are asked to fill out the application form and send via a fax or by e-mail the required documents to KBL office by May 22nd, 2009. A: Qualifications: 1. Must have at least a high school diploma 2. Must be at least 18 years of age 3. Have not had a contract with teams in Europe Division I (Spain, […]
The Assassination Of Devean George By The Coward Donnie Nelson
August 2nd, 2009
February 13th, 2008. Wednesday. Raining. The Dallas Mavericks are tootling along with a 34-17 record. They’re pretty good, and perhaps they know it, because they’re suddenly overwhelmed with the urge to do something drastic. A veteran team with only one good young player decides on a plan to get older. The Mavericks decide that Jason Kidd is a significant upgrade over Devin Harris, and work out a variety of scenarios that see them trade Devin and two future first-round draft picks for Kidd. They’re probably wrong, but they work hard at it anyway, determined to obtain a player that two years ago would have been a steal. But not so much now. Eventually, they stumble upon a scenario that both they and the Nets can agree upon. Dallas agrees to trade Harris, the picks, cash, DeSagana Diop, Maurice Ager, Jerry Stackhouse and Devean George to the Nets in exchange for Kidd and Malik Allen. The fillers are largely meaningless; outside of Harris, only Diop is a significant player for the Mavericks. The core of the deal is Harris for Kidd, and both teams seem pretty happy with that. The fundamental pieces are together, peripherals of the long-awaited deal are finally in place, and everyone’s a winner. Things then get a bit weird. Through a hitherto little-known technicality, one of the lesser components of the deal – backup forward George – has the power to veto the trade. George re-signed with the Mavericks in the previous offseason to a one-year contract, and Dallas will have early Bird rights on him when his contract expires. However, if George gets traded, the recipient team will lose his Bird rights if they trade for him, which reduces George’s chances of getting handily paid next season. [Let’s pretend for a minute that such chances existed.] […]
The only bits of the 2009 Summer Signings post series worth saving
August 1st, 2009
– Darius Rice has left the immortally named Purefoods Tender Juicy Giants from the Phillipines, and is about to sign with Montegranaro in Italy. I think that translates as “Bread Mountain”. I hope it does, anyway. – A previous blog post talked about how Ivan Radenovic had had his contract with Akasvayu Girona extended. That news is now bunkum, for Girona have gone bankrupt, and are not playing this upcoming season. This leaves Radenovic now unsigned, unattached and undervalued. – The “points per shot” fans amongst us were extremely happy to hear that the Philadelphia 76ers have signed shooting guard Kareem Rush to form an incisive and efficient off-guard partnership with the incumbent Willie Green. These two players have a role to play for the Sixers, in that they are the only two guards currently under contract who can actually hit a three-point shot. This is a positive. But the negative side-effect is that both of these players are otherwise lacking, and for score-first players, they are not efficient. The pair are both deemed “one-dimensional scorers”, but neither is doing it optimally. Green last season scored 921 points on 870 shots, for a bad 1.06 points per shot, a number that still somehow managed to raise his career average to a heady 1.02. Rush was worse, though, scoring 588 points on 569 shots last year for a 1.03 PPS average, against a far below par career average of 1.01. For the sake of a point of reference, free agent Sixers backup point guard Kevin Ollie has a career points per shot average of a modest 1.21. That from a man who has nine made career three-pointers. Technically, on paper alone, if you need someone to hit a shot, you are better served going to Kevin Ollie than Kareem […]
