The fourth and probably final part of the Tim Duncan/Zach Randolph contract saga
June 24th, 2014
Further to this, this and most recently this. In the last update, I explained how Tim Duncan had had his contract modified, but Zach Randolph had not. And yet what I could not explain was why Tim Duncan had had his contract modified, but Zach Randolph had not. Was it because simply no one had noticed, or because of some other technicality I could not otherwise foresee that made the otherwise identical situations different? Couldn’t say. Can now, though. It certainly wasn’t the former. Apparently the reason why Duncan’s contract (which he has opted into, thus transitioning this whole endeavour from being an interesting aside into something with a palpable if not exactly massive affect on the NBA landscape) was modified, but Randolph’s was not, is because Randolph’s was “too old”. This does not however mean that the fact it was signed under the 2005 CBA (and not the 2011 CBA like Duncan) played a part in this differentiation. Instead, I am told it instead merely means they took that as a legitimate reason for looking the other way, through avoiding the issue altogether, rather than having a technical reason for addressing it in this way. So, yeah. Zach, if you’re out there, and you’re planning on opting in and signing an extension…..start chasing this up. There could be a million dollars in it for you. (The very full details of what is being discussed here can be found at the previous links. Especially the first one.)
Tim Duncan did indeed get a pay rise
June 14th, 2014
This post is essentially the conclusion to a post from nearly two years ago, dated July 22nd 2012. That post was itself a follow-up to this post, published three days prior. The two posts combined to document an issue, or was at the time a potential issue, of a mistake in a contract. Sitting in the crowd at the 2012 Las Vegas Summer League, I was talking to someone about the market value of power forwards today. The discussion followed a fairly predictable route, and before long we got to talking about Zach Randolph, who in April 2011 signed an extension with Memphis that was to keep him with the team through 2015. Specifically, we were wondering how much he was due to get paid. In accordance with the universally held but entirely unspoken rule whereby no-one in, around, covering or even vaguely interested in the NBA is any good with facts without a computer in their hand, I could not remember how much his extension was for. (Trade secret there. To a man, they/we have nothing.) So I pulled out my mid-90’s notebook and had a look for the specifics of Randolph’s deal. It was there and then that I noticed for the first time a problem with Randolph’s contract, an error which I, and apparently everyone else involved, had not noticed in the fifteen months prior. Randolph’s extension called for base compensation of $17,800,000 in 2013/14, and $16,500,000 in 2014/15. (The contract also contains a ream of bonuses that make it deviate from those exact figures, yet they change not the general principles to be espoused here.) The 2014/15 is a player option season. This all looks like standard enough fare. However, a piece of CBA minutiae states that the salary in a player or team option year […]
Tim Duncan also may or may not be about to get a pay rise
July 22nd, 2012
This post is essentially an addendum to this previous post. That post talked about an NBA contract that had accidentally been created and ratified in violation of a Collective Bargaining Agreement. Specifically, it talked about Zach Randolph and the Memphis Grizzlies. It appears now, however, that that is not the only instance of the rule in question being violated. The rule in question – whereby the salary in a player option year cannot be for less than that of the year immediately preceding it, explained at much greater length in the previous post – also appears to be broken in the case of Tim Duncan and the San Antonio Spurs. Per official league salary figures, Duncan’s new contract, signed this month, calls for salaries of $9,638,554 in 2012/13, $10,361,446 in 2013/14, and an even $10 million in 2014/15. The final year is a player option year, NOT a year immediately following an early termination option (again see previous post), and thus the salary in the 2014/15 season should not be any lower than the $10,361,446 of the season before it. It appears, however, that it is. It was previously said that it is very rare to see the league make a mistake on a matter such as this, and it still is. But to make the same one twice is even more so.
