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 […]
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 Post-NBA Life of Tyrone Nesby
April 27th, 2009
I love to read when I’m on the toilet. Love it. Can barely go without it, in fact. Unfortunately, I don’t own many books. So I tend to read the same ones over and over again. True to form, I am currently mid-way through a repeat reading of “When Nothing Else Matters” by Michael Leahy, a exposé-type book about Michael Jordan’s comeback with the Wizards. It’s quite good fun, particularly if the Wizards-era Jordan was the only Jordan era that you were around to see, as was the case for me. I’m particularly enjoying reading about all the other characters in the story, like Doug Collins, Tim Grover, Jerry Stackhouse, Rip Hamilton, Tyronn Lue, Chris Whitney, Kwame Brown (who, it’s fair to say, struggles for good news throughout), Juan Dixon, Bobby Simmons, Courtney Alexander and others. But I am especially mindful of one name that I’d forgotten about, that of Tyrone Nesby, the former defensive specialist and hater of passing that had a few years of coming off NBA benches after picking up a surprisingly generous contract from the Clippers of all teams. Because of this, I decided to look up what T-Nes was doing these days. The last I had heard, he’d become a rapper, but that was about two years ago, now, so I looked again. After the Wizards’ 2001/02 season, Nesby’s $9 million contract had run out, and the Wizards looked elsewhere. No other NBA team seemed to want him, and Nesby hit the European trail, signing with Larisa in Greece and averaging 17.8 points per game. He then went to 2003 summer league with the New York Knicks, but didn’t get a full contract, and went back to Europe the following year visiting both Italy (13.4 ppg for Varese) and Serbia (21.1 ppg for Relfex Beograd). […]
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 […]
