1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

Garuba and Real Madrid have reached a buyout agreement

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by mac_got_this, Aug 10, 2021.

Page 4 of 8
  1. MrButtocks

    MrButtocks Member

    Joined:
    May 29, 2005
    Messages:
    7,537
    Likes Received:
    5,762
    I feel badly that he'll basically be playing for free during his contract with us, but based on the salaries that have been paid out this summer I know he can more than make up for it if he becomes a productive player. Plus the salary cap looks to spike even further in the future which will inflate salaries even more.
     
    #61 MrButtocks, Aug 10, 2021
    saleem, leeallen and Rockets4Life13 like this.
  2. Rashmon

    Rashmon Member

    Joined:
    Jun 2, 2000
    Messages:
    21,160
    Likes Received:
    18,148
    Agreed, but let's not forget he has already been earning $3mill a year (or more)?
     
    #62 Rashmon, Aug 10, 2021
  3. Clutch City1993

    Clutch City1993 Bury Me In The H

    Joined:
    Mar 2, 2006
    Messages:
    4,373
    Likes Received:
    6,118
    This season will be one of the most interesting in years
     
    #63 Clutch City1993, Aug 10, 2021
    GOOGOOMECHUCK, hakeem94, napalm06 and 4 others like this.
  4. i3artow i3aller

    i3artow i3aller Member

    Joined:
    Aug 5, 2008
    Messages:
    20,163
    Likes Received:
    37,882
    [​IMG]
     
    #64 i3artow i3aller, Aug 10, 2021
    jnuge90, MultipleSauces, AroundTheWorld and 11 others like this.
  5. mac_got_this

    mac_got_this Member

    Joined:
    Feb 12, 2007
    Messages:
    11,239
    Likes Received:
    9,659
    His overall contract is worth 11 million. How is he playing for free?The Rockets are paying .75 million of it which leave about 2.5 mill. He’s basically paying one seasons worth of salary to the Real Madrid franchise out of his pocket.
     
    #65 mac_got_this, Aug 10, 2021
    don grahamleone likes this.
  6. MrButtocks

    MrButtocks Member

    Joined:
    May 29, 2005
    Messages:
    7,537
    Likes Received:
    5,762
    The last two years of his contract will be team options and should not be considered guaranteed, IMO. The first two years of his contract will approximately total $5M. I'm assuming he'll need to pay his buyout with post tax dollars and he is in the highest tax bracket. His buyout with Real Madrid is €3M which converted to dollars is $3.5M of which the Rockets can only contribute $750K. So his guaranteed salary is about $3.1M net of taxes and his buyout obligation is approximately $2.75M.

    Yes, if he plays well enough to get his team options picked up he will profit. I am confident that he will play well enough to not only get his options picked up, but also to get a huge second contract. But if I were in his shoes I would not consider my contract worth $11M in the bank, nor would I consider the jump to the NBA risk free. This buyout is expensive to him no matter how you slice it.
     
    #66 MrButtocks, Aug 10, 2021
    glimmertwins, Dubious, bushies and 1 other person like this.
  7. D-rock

    D-rock Member

    Joined:
    Jun 29, 2006
    Messages:
    40,743
    Likes Received:
    64,232
    Dont forget Nwaba, Theis, EGo, Khyri and now Justin Anderson.

    And Sengun is underrated defender.

    Team is looking so much better defensively.
     
    #67 D-rock, Aug 10, 2021
    Rudyc281 and Shark44 like this.
  8. saleem

    saleem Member

    Joined:
    Jan 1, 2001
    Messages:
    30,224
    Likes Received:
    14,664
    Only the first of his two years are guaranteed, the last two are team options. That's a bit strange.
     
    #68 saleem, Aug 10, 2021
  9. don grahamleone

    don grahamleone Member

    Joined:
    Aug 11, 2001
    Messages:
    23,741
    Likes Received:
    35,358
    Even if Usman is out of the league after his two guaranteed years(he won’t be) he can still sign contracts elsewhere and still be a millionaire. Stop with all the nonsense over his 2.5 million he owes Madrid. It’ll be fine with time regardless of how he plays for us.
     
    #69 don grahamleone, Aug 10, 2021
    hakeem94, mac_got_this, BamBam and 3 others like this.
  10. saleem

    saleem Member

    Joined:
    Jan 1, 2001
    Messages:
    30,224
    Likes Received:
    14,664
    When did Justin Anderson join the team?
     
    #70 saleem, Aug 10, 2021
  11. saleem

    saleem Member

    Joined:
    Jan 1, 2001
    Messages:
    30,224
    Likes Received:
    14,664
    Words of wisdom.
     
    #71 saleem, Aug 10, 2021
    don grahamleone, mac_got_this and Tfor3 like this.
  12. coachbadlee

    coachbadlee Member

    Joined:
    Feb 5, 2010
    Messages:
    29,648
    Likes Received:
    10,128
    Garuba doobie dooooo!!!!
     
    #72 coachbadlee, Aug 10, 2021
    dfbreyes, don grahamleone, Rudyc281 and 4 others like this.
  13. D-rock

    D-rock Member

    Joined:
    Jun 29, 2006
    Messages:
    40,743
    Likes Received:
    64,232
    Just now.

     
    #73 D-rock, Aug 10, 2021
    don grahamleone, hakeem94, Rudyc281 and 3 others like this.
  14. Tfor3

    Tfor3 Member

    Joined:
    Feb 9, 2007
    Messages:
    20,946
    Likes Received:
    25,216
    [​IMG]
     
    #74 Tfor3, Aug 10, 2021
    coachbadlee, jnuge90, don grahamleone and 3 others like this.
  15. saleem

    saleem Member

    Joined:
    Jan 1, 2001
    Messages:
    30,224
    Likes Received:
    14,664
    Yes, I read this in a different thread. Thanks.
     
    #75 saleem, Aug 10, 2021
    Rudyc281 and Tfor3 like this.
  16. rfrocket

    rfrocket Member

    Joined:
    May 20, 2002
    Messages:
    2,689
    Likes Received:
    2,565
    Let's at least wait till he has a 12 block game in the summer league before we go maxing him out.

    Hopefully there are no overweight, out of shape pf's with an overgrown sense of pride here in the SL!
    Or maaaybe he can get 12 blocks on Cad......no, I'm not gonna go there! :D
     
    #76 rfrocket, Aug 10, 2021
    don grahamleone and D-rock like this.
  17. wlekfjv923n

    wlekfjv923n Member

    Joined:
    Apr 7, 2012
    Messages:
    726
    Likes Received:
    1,067
    Would love to know how many installments was negotiated. Anyone have the math on this?
     
    #77 wlekfjv923n, Aug 10, 2021
    don grahamleone, mikenm268 and Tfor3 like this.
  18. Tfor3

    Tfor3 Member

    Joined:
    Feb 9, 2007
    Messages:
    20,946
    Likes Received:
    25,216
    nerd alert


    : )

    im your first “like “. im honored.
     
    #78 Tfor3, Aug 10, 2021
    wlekfjv923n and don grahamleone like this.
  19. 9baller

    9baller Member

    Joined:
    Apr 17, 2013
    Messages:
    1,116
    Likes Received:
    1,601
    I'm not sure, but he might be paying taxes to Spain as well.
     
    #79 9baller, Aug 10, 2021
    wlekfjv923n likes this.
  20. mac_got_this

    mac_got_this Member

    Joined:
    Feb 12, 2007
    Messages:
    11,239
    Likes Received:
    9,659
    For a team that puts a value on perimeter shooting, we sure do love signing guys who lack that skill set
     
    #80 mac_got_this, Aug 10, 2021
(You must log in or sign up to post here.)
Page 4 of 8

Share This Page