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Mavs Waive Finley

Discussion in 'NBA Dish' started by lytruc, Aug 15, 2005.

  1. lytruc

    lytruc Contributing Member

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    Mavs use amnesty clause, waive FinleyESPN.com news services


    DALLAS -- Michael Finley's final day with the Dallas Mavericks arrived Monday, when the team waived its longtime leader and captain, ESPN.com's Marc Stein has learned.

    Under a one-time amnesty provision in the NBA's new labor contract, the Mavericks saved $51 million in luxury taxes over the next three years by waiving Finley, who would become an unrestricted free agent.

    Finley would still be guaranteed the $51 million left on his contract, plus whatever money he gets from a new team. He wouldn't be able to re-sign with the Mavericks until his original contract expires after the 2007-08 season, when he will be 35.

    Among the teams expected to try to sign Finley are the Suns, Spurs, Heat, Pistons and Nuggets, according to Stein.

    The San Antonio Spurs have just over half of their $5 million mid-level exception remaining to woo Finley, and the top two teams in the East are offering more. The Miami Heat and the Detroit Pistons will be offering Finley a contract starting at the full mid-level exception, as will the on-the-rise Denver Nuggets.

    The deadline for taking advantage of the amnesty provision was midnight ET Monday.

    Finley was traded to the Mavericks from Phoenix on Dec. 26, 1996, and is the longest-tenured player on the Dallas roster. He averaged 19.8 points for the Mavericks over 626 games the past 8½ seasons.

    The Mavericks reportedly have already found Finley's replacement.

    Reports out of Texas said the Mavericks have reached an oral agreement with veteran swingman Doug Christie on a one-year, $3 million deal. Before Christie officially becomes a Maverick, he must wait seven days to clear waivers, according to league rules.

    Christie was waived Thursday by the Orlando Magic under the same amnesty clause.

    Finley was an All-Star before Steve Nash and Dirk Nowitzki were, then together that trio became known as the "Big Three" -- taking the Mavericks from being one of the league's worst teams to having at least 50 wins and going to the playoffs four straight seasons. Nash left as a free agent last summer to the Suns.

    In 2001, Finley signed a maximum contract of $100-plus million over seven years. The Mavericks owe him about $16 million for 2005-06, with salaries of roughly $17 million and $18 million over the next two seasons.

    This past season, Finley had some of the lowest averages in his 12 NBA seasons, scoring 15.7 points a game -- his lowest ever in Dallas. He shot 42.7 percent from the field and averaged a career-low 4.1 rebounds.

    Since averaging at least 20 points a game in his first five full seasons in Dallas, Finley's scoring average has dropped each of the last three seasons.

    In June, Finley had arthroscopic surgery to remove bone chips from his right ankle, which bothered him most of the season and even made him miss 15 games before Christmas. The surgery was successful, and he should be fully recovered by the start of training camp.

    Christie, who played for the Sacramento Kings before being traded to the Magic in January, will still get about $8 million for Orlando. He's also played for the Los Angeles Lakers, New York Knicks and Toronto Raptors, averaging 11.4 points and 1.9 steals per game over his career.
     
  2. askball

    askball Member

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    Alright CD, it's time to go to work. Git er done. Hopefully T-mac, yao, swift, and hell beyonce can help convince him to come to h-town bc it looks like he set on becoming a sun or heading to south beach
     
  3. jlwee

    jlwee Member

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    At this stage of Finley's career, i will see him sign with Heat or Spurs for the chance to win the ring!
     
  4. MartianMan

    MartianMan Contributing Member

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    I know this is a dream, but i hope finley signs with us for LLE and plays a key role in kicking the mavs @$$ during the playoffs. Feel the pain Cuban. Feel it! :eek: :eek: :eek:
     
  5. Williamson

    Williamson JOSH CHRISTOPHER ONLY FAN
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    Wow. He's going to get 5 million per year on top of his max contract. Wow. What a lucky b*stard.
     
  6. Stack24

    Stack24 Contributing Member

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    ESPN reports only 5 teams are after him at the moment and Houston is not one of them

    http://sports.espn.go.com/nba/columns/story?columnist=stein_marc&id=2135306

    The NBA's Final Four teams are reuniting Tuesday for a different sort of elimination tournament.

    It's the Michael Finley Sweepstakes.

    League front-office sources tell ESPN.com that Miami, Detroit, San Antonio and Phoenix are the suitors with the best shot at landing Finley, who was waived late Monday by the Dallas Mavericks after Dallas' summer-long efforts to trade Finley to a less-threatening team proved unsuccessful.

    Intensely private throughout his eight-plus seasons in Dallas, Finley has been typically tight-lipped about his future, telling reporters at Steve Nash's recent charity game that he wasn't ready to discuss the prospect of free agency. Yet it's widely believed that the 32-year-old, after clearing waivers in 48 hours, will ultimately join one of the above four powerhouses to give himself a real shot at a championship ring … with the Denver Nuggets tops among the list of outsiders.

    As Finley prepares to grade the field and commence serious negotiations, this is our breakdown of the two-time All-Star's options as the prize (some would say only) catch on the amnesty market:

    Miami

    The Heat will be tough to resist, with Shaquille O'Neal as lead recruiter and a $5 million mid-level exception waiting … and the bonus of a scouting report from Dwyane Wade, who shares Finley's agent (Henry Thomas). Miami's interest, meanwhile, is a no-brainer. Finley played for Stan Van Gundy at Wisconsin, ranks as a quality chemistry guy and would instantly become the Heat's most dependable long-ball threat (given Damon Jones' likely departure). Yet it remains to be seen whether Finley wants to join a club that just added Antoine Walker and James Posey, with the room to start only one of the three. Finley and Walker are Chicago pals, but he also saw first-hand in Dallas that meshing can be tough with 'Toine as a third or fourth fiddle. It wouldn't be surprising at all to see Finley wind up here, but it's not the slam dunk some league insiders are suggesting.

    Detroit

    Pistons president Joe Dumars, eager to do some free-agent shopping after the interminable Larry Brown saga, has been quietly waiting for his swing at Finley. It doesn't hurt Dumars' chances that the Pistons have their entire $5 million mid-level exception to offer Finley for next season -- nearly twice as rich as what the Spurs can pitch -- as well as the promise of healthy minutes with a proven championship crew. Detroit, remember, generally relied on only seven guys when it mattered: Antonio McDyess, Lindsay Hunter and its trusty starting five. Finley would fortify the bench for new coach Flip Saunders and serve as an offensive-minded complement to the defense-first Tayshaun Prince. The fit seems even more feasible now that Finley, in trademark Pistons style, can even claim that he has something to prove as the discarded face of the Mavs.

    San Antonio

    The Spurs can't match the money Miami and Detroit can offer, but the champs will make a strong presentation beyond the close proximity to Finley's adopted home in Big D. San Antonio has lacked a consistent scorer off the bench since Manu Ginobili became a starter and is always looking for more perimeter shooting. Finley could fill both of those voids and presumably make a smooth transition to the Spurs' all-for-one locker room, given his first-class reputation. Although Finley's scoring average has indeed dipped for six successive seasons, that overlooks his 41 percent accuracy from 3-point range over the past two seasons … without the benefit of the open looks Tim Duncan and Ginobili generate. The Mavs were trying so hard to deal Finley in part to keep him away from the Spurs, knowing the champs are a real threat to make a switch to South Texas happen.

    Phoenix

    The Suns are sunk if money is the tiebreaker, with only a veteran minimum of $1.1 million to offer Finley for next season. And money could be a key factor, since Finley will be forced to collect the remaining $51-plus million on his Mavs contract in annual installments of less than $5 million because of a considerable "spread" provision in that contract. Phoenix, though, has an even better recruiter than Shaq; Nash and Finley remain so close that Finley traveled to Toronto for his buddy's charity game even though June ankle surgery prevented him from actually playing. Don't forget, furthermore, that Phoenix drafted Finley in 1995, and he remains quite popular. A return to the desert, then, holds appeal on several levels, which should explain why this is the other West rival Dallas had hoped to neutralize with a trade. The Mavs know Finley would relish the challenge of filling the Joe Johnson void.

    Denver

    The list of interested teams stretches well beyond five, but it's believed Finley won't consider anyone farther away from title contention than the Nuggets. Although his hometown Bulls will try to defy that belief -- as will Minnesota, which flirted with a three-team Finley trade last week -- Denver figures to tempt Finley more with its promising talent mix and a roster architect (Kiki Vandeweghe) who once worked in Dallas. Vandeweghe is also pursuing another Mavs alumnus (Nick Van Exel) to give his bench a boost, but Finley is Denver's top priority. The Nuggets, like Detroit and Miami, can offer a full $5 million next season … but also a rare guaranteed starting spot. And Finley, remember, is one of the few players (maybe the only one) who came away with any plaudits from George Karl's ill-fated Team USA at the 2002 World Championships in Indianapolis.
     
  7. GRENDEL

    GRENDEL Contributing Member

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    No kidding, yeah it sucks you get booted from your long time team but damn you are just rolling dough
     
  8. emjohn

    emjohn Contributing Member

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    I'm sure more are wooing him (Chi and Minny are also mentioned in the article), but they're listing the top 5 possible landing spots. I would go ahead and knock Denver off the list. I think they're on there by virtue of sending his agent flowers since June, but he wants a contender that offers him a decent role. No coincidence that 4 of the teams listed were all playing in the conference finals last year. I think the only reason he's not in a heat uni yet is that he'd almost certainly be a bench player and stuck with 25 mins a night. The trade for Posey/Williams/Walker really diminishes a role for him. He'd be off the bench for the Pistons too, but would get more minutes backing up Rip and Prince than he would on the Heat. Spurs would be a nice fit, but likewise sub-30 mins a night.

    If he really wants a role on a title contender, the Suns make all the sense in the world. He'd get a starters spot and minutes, go back to his first NBA home, rejoin Nash, and stick it a little to the Mavs.

    Evan
     
  9. ChenZhen

    ChenZhen Contributing Member

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    Players who got cut cannot double dip according to Stein. I wonder what percent of the player's new contract will go to the team that cut him?




    http://sports.espn.go.com/nba/columns/story?columnist=stein_marc&id=2112912&num=0

    Q: Is there a reduction in a team's financial obligation to an amnesty player once he signs a new contract with another team? Or can a player double-dip?

    A: The union fought to make double-dipping permissable, but the league held firm and won the right in the end to apply the usual set-off provision for players released with money owed to any amnesty player's new contract. That means a percentage of the player's new salary will go back to the team that released him.
     
  10. apostolic3

    apostolic3 Member

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    If here doesn't come here, I hope he goes east. He would help the Suns more than the other teams.
     
  11. pirc1

    pirc1 Contributing Member

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    It is my understanding if he signs for 5 mil then the amount paid by Dallas would be cut by 5 mil.
     
  12. ChenZhen

    ChenZhen Contributing Member

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    If this is the case then the amount of money signed by a player who just got waived is irrelevent because they will always sign for the LLE or the veteran's exception. There is no incentive for someone like Finley to sign for more. All it will do is to hurt his new team if he signs for more. Which means it's a leveled playing field for us since we signed Swift to the full MLE already and don't have much but a LLE and a veteran's exception to throw around.
     
  13. droxford

    droxford Member

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    I would just like to take a moment to say to any Dallas fans....

    HA HA!
    [​IMG]

    The Dallas Star Telegram reported,
    WRONG! Of course he was gonna get waived. Everybody knew it. If the people who wrote this believed he wouldn't they're complete idiots.

    Anybody who believed this is a complete idiot. I guess that's what the Dallas newspapers think of their fans.
     
  14. GRENDEL

    GRENDEL Contributing Member

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    Like you said

    HA! HA!
     
  15. W-Mac

    W-Mac Contributing Member

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    Did anyone hear Carl Dukes on 790 last night.....reading realgm boards, some guy is saying that Dukes said he has "very reliable sources" that are saying Finley was in town speaking with the Rockets last night. Can anyone confirm this?
     
  16. Nuggets4

    Nuggets4 Contributing Member

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    God, I just threw up in my mouth.
     
  17. m_cable

    m_cable Contributing Member

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    No this is not true. Like the article says, they are using "the usual set-off provision for players released with money owed". Which according to the Coon CBA Faq is ("New Amount Signed" - "Minimum for 1 year veteran")/2. This is the amount that his old team can subtract from his pay.

    So if Finley signs for the full mle, the set-off would be (5 million - about 600,000)/2 or approx $2.2 million. That means that he would receive the full 5 million from his new team, but the Mavs would subtract $2.2 million from his pay this year.

    At the LLE, it would be (1.7 - 600,000)/2 or approx $550,000. So he gets $1.7 million, but $550,000 subtracted from his old deal.
     
  18. ChenZhen

    ChenZhen Contributing Member

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    Thanks for clearing it up.

    So if this is the case, the best the Rockets or any team with just the LLE can offer is about 1.15 million more per year for Finley.

    Teams like San Antonio can offer 2.5 Million (half of the MLE) - ((2.5mill - 600k)/2) = 1.55 Million.

    Teams with the full MLE can offer him about $2.8 Million.
     
  19. gucci888

    gucci888 Contributing Member

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    Finley for the MLE, no thanks.
     
  20. glad_ken

    glad_ken Contributing Member

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    I heard Carl Dukes say it last night.
     

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