Bogut and claiming him off waivers

Nope

 

I think Bima already debunked this. Not gonna happen.

And tbh, even if this could've been done, if he doesn't want to come here, i don't see the Rockets claim his contract, you definitely don't want a pissed off Bogut in your lockeroom.

 

At least offer Andersen, former Rocket and Aussie teammate of Bogut a contract. Andersen's play in the Olympics definitely redeems himself and he can help right away. A third competent big at least as good as that is what the Rockets need come post season. This team would be ready for WAR.

 

I don't know much about financial stuff, but I'm pretty sure this is wrong. He will be bought out, not waived. 2 different situations.

 

Can you link to BimaThug's take?

 

No one will likely claim that contract. Once he passes through waivers, Rockets can offer him 3.5 million.

 

To be bought out, he has to pass through waivers.

 

It's the same thing *facepalm*

 

Sorry but i can't really remember in which thread he said it...maybe @J.R. is able to help you

 

Waiver is a part of buyout process, but not all waived players are bought out. Typically, a buyout refers to a deal that a player agrees to receive less than he's guaranteed in exchange for being waived to get freedom to sign with contender.

 

I do this for a living so trust me. The Rockets can't claim Bogut because they aren't under the cap enough. IF they were, and did claim him, he would be on their salary books for the full amount of his salary, but they would only be literally paying him a pro-rated amount.

There is a big difference between what the NBA counts for a teams salary and the actual amount the players get paid. You need to totally get the prorated idea out of your mind. None of that matters. The only thing that matters is a player's cap hit.

 

Buyout and waiving a player are not the same thing

 

Existing salary is his contract amount not what he is owed.

 

I explained this in a couple of threads. You guys are thinking too much about what Philly is doing. None of this buyout stuff matters. When it is over, Bogut is a free agent with no contract and he can sign with any team as any 'ole free agent. The buyout has nothing to do with the next team.

Remember Josh Smith being release from Detroit

How many of you remember the Josh Smith situation in Detroit when he had a $14m salary; they cut him; he cleared waivers; he became a free agent; and we signed him for $2m, as part of our biannual exception. Same with Ty Lawson last year. We cut him; he cleared waivers; signed a new contract with the Kings.

That is what will happen to Bogut at his $11m.

The amount of money the team who cut him has to pay has nothing to do with Morey clearing that $3.4m. Morey cleared that in anticipation of a free agency bidding war for a brand new contract with Bogut.

Here is the process:

• The buyout has nothing to do with the Rockets.
• Buyouts are strictly to save the team owning the contract money. Philly will renegotiate the guaranteed portion and years of Bogut's contract, then cut him. Bogut accepts that lower salary for freedom to become a free agent and sign with someone else (a contender).
• Buyouts are not necessary for a player to be waived, but common. Did I say that the buyout has nothing to do with the Rockets.
• Once waived, the player's contract is terminated (unless a team picks up the contract off of waivers, which won't happen)
• Upon clearing waivers, the player then has no contract and is a free agent. He can sign a brand new contract at any price. That's where the Rockets and Cavs come into play. They are "competing" for a free agent....and we will have $3.4m to spend.

Think Josh Smith. We signed him to a new $2m contract using the remainder of our biannual exception. That had nothing to do with what DET owned him, and still paid him.

 

You meant what Detroit own Josh smith and still paid him, not Atl, right?

 

yes, that was a typo.