The Nets’ four point strategy for asset accumulation has worked – mostly
July 31st, 2018
The Brooklyn Nets’ ill-fated trade for Paul Pierce and Kevin Garnett in July 2013 left the team with bleak short, medium and long-term futures. On the court, the pair did not work out. Ageing very quickly after leaving Boston, the two never bettered the team; Brooklyn only got as far as a 44-38 regular season record the season immediately after the trade, which was actually a backwards step on their 49-33 campaign previously, and loafed to a mere 38-44 the season after that. Thereafter, the bottom fell out completely, and the Nets have not cracked 30 wins since. The bigger problem, though, was off the court. To acquire the duo (plus veteran reserve Jason Terry, young forward D.J. White who was soon out of the league, and the #57 pick in the 2017 NBA Draft), the Nets gave up a bevy of assets. They gave up unprotected firsts in all of 2014, 2016 and 2018, and only because of the rule (colloquially named the Stepien Rule) that prevents teams from leaving themselves without a first-round pick in consecutive future seasons were they able to keep a first-round pick in 2017. Even then, though, they traded the right to swap it. In total, this trade cost Brooklyn all of James Young (#17, 2014), Jaylen Brown (#3, 2016), Markelle Fultz (#1, 2017; or Jayson Tatum at #3 if you’d prefer) and Collin Sexton (#8, 2018). With all due respect to Aleksandar Vezenkov, the saving grace of the #57 pick in 2017 coming back the other way probably doesn’t salve the pain much. And that was a lot to pay for no discernible improvement. Ever since that trade, the team has been in a quagmire, with an assets cupboard barer than any asset cupboard should ever be, and no obvious way out of […]
It’s official – Keith Bogans will earn $5,058,198 next year. All guaranteed. Keith Bogans.
July 15th, 2013
Happy? You should be. Keith Bogans has an uncanny knack for being in the right place at the right time. He has become throughout his NBA career the archetypal three-and-D wing role player, the kind of piece you want around star point guards or big men (or both), who’ll defend opposing stars for a few pesky minutes a night and not risk anything more offensively than taking some open threes. Yet despite not being significantly above average at either, and in no way any more of a stand-out talent in relation to the dozens of other suitable candidates for the role, Bogans’s medicority is nonetheless a sure thing, a known commodity, a risk-free contributor who’ll neither say nor do nothing confrontational. Teams like that, and, because of this, he has time and again landed starting roles, often on competitive teams. In a talent vacuum, he’s not worth this opportunity or luxury, yet by continuing to land these gigs, Bogans is doing something right. Normally, of course, this role doesn’t earn very much. Keith has mostly been a minimum salary player throughout his career, only rarely exceeding it, and this reflect his minimal contributions. None of this is meant pejoratively – Bogans plays a role, plays it fairly well, and yet the role is small and replacable, so so is its salary. This, however, is all change in light of Keith’s new contract. The rebuilding Boston Celtics insisted upon Jason Terry (and, primarily, his salary) being included in the Paul Pierce/Kevin Garnett trade with the Nets. Either he or Courtney Lee. Brooklyn could afford it and were prepared to pay it, but, in light of all their recent roster turnover, they didn’t have the necessarily medium-size expiring contracts that are so useful in trade scenarios that would have facilitated it. In […]
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 […]
30 teams in as many days as it takes: Dallas Mavericks
October 24th, 2007
Players acquired via free agency or trade: Brandon Bass (two year minimum) Trenton Hassell (acquired from Minnesota) Eddie Jones (two year, full BAE) Players acquired via draft: First round: None Second round: Nick Fazekas (34th overall), Reyshawn Terry (44th overall, unsigned), Reinaldas Seibutis (50th overall, unsigned) Players retained: Jerry Stackhouse (re-signed, three years, $22,376,250, I think) Devean George (opted out, re-signed, one year, $2,369,111) Devin Harris (signed a five year extension) DeSagana Diop (exercised team option) Players departed: Greg Buckner (traded to Minnesota) Austin Croshere (signed with Golden State) Kevin Willis (unsigned) Pops Mensah-Bonsu (waived, signed in Italy) Bobbins: The Mavericks have one of the worst young cores in the NBA. With only Devin Harris, Juan Jose Barea and Maurice Ager as the only returning players under the age of 26, and with only one of those players able to crack any NBA team’s rotation, Dallas enjoys (if that’s the word) almost nothing in the way of prospects. There’s Josh Howard of course, but he’s 27 now, and while DeSagana Diop is still only 25, you’re an optimist if you think there’s some skills in there that he’s merely kept hidden for six years. (Incidentally, did you know that Mavericks training camp signee Jamal Sampson is only 24 years old, despite being around for what feels like a million years, and that commonly-accepted youngster Diduer Ilunga Mbenga is about to turn 27? Me neither. These things are worth noting. That is, they are worth nothing if you’re pathetic like me. If you are, hooray! We should hang out.) Dallas tried to add to this somewhat this summer. Without a first-round draft pick, they picked Nick Fazekas high in the second, thus once again ensuring that they have a tall forward who takes 85% outside jump shots […]
