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 […]
Preview Sort Of Thing: Portland Trail Blazers
October 20th, 2008
I write this post while speaking from inside a pair of Portland Trail Blazers shorts. It’s not the smartest choice of garb right now, given that it’s essentially snowing outside. But I’m wearing them anyway, because I’m a maverick, who doesn’t play by the rules, a Mad Max gone maniacal, a man whose killing expertise and suicidal recklessness make him a Lethal Weapon to anyone he works against. Or with. I own these shorts for two reasons: 1. As a cutting edge fashionista, I firmly believe in the simplified yet magnetic beauty of novelty oversized black shorts. 2. When I bought them back 2002, I counted myself as a Portland fan. Over time, this feeling has dissipated. As my NBA fandom has gone from “hardcore” to “oh Jesus just shut up already”, my allegiance to the Bulls became firmer than a Kevin Lyde backscreen, before slowing dying away into more of a general NBA kinship. Through that timeline, any Blazers allegiance was left by the wayside. However, I never retracted the right to be able to crank that support right back up when I wanted to. The time for that is now. (Note: I’m not claiming to be a Portland fan, even if I do invoke The Shorts Clause as a defence of any such claim. Instead, I am an NBA fan. And right now, all NBA fans are Portland fans. Or at least, they should be.) Everything is coming up Milhouse in Portland. The team has the best collection of young talent in the league, and easily the best that I’ve ever seen. Not even the 2002/03 Denver Nuggets can rival these bad boys. Every position is three deep, with the only hole in their rotation being at starting small forward, and even there it’s all relative, as the […]
