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Feigen explaining the purpose/effect of the Courtney Lee move

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by Carl Herrera, Jul 4, 2012.

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  1. jscmedia

    jscmedia Member

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    I for one would luv to keep Mister Lee. We'll see how this all falls out. It ain't over folks !
     
    #41 jscmedia, Jul 4, 2012
  2. heypartner

    heypartner Member

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    yep. gotcha. Rescind ... Asik signs offer sheet ... renounce Lee ... wait 3 days ... unrenounce Lee if CHI matches ... piss off Lee.


    btw: How much value you think Morey includes in Lin or Dragic's salary to account for his ability to trade Lowry for something should he sign a starting PG. In other words, if he lands Lin or Dragic, and overpays them, then he can trade Lowry for an asset, that he might not otherwise been able to do (in fear of having no starting PG0. If he doesn't sign another starting PG, then he not only loses Dragic, but loses Lowry's trade value, because he (relatively speaking) is locked in on keeping Lowry.
     
    #42 heypartner, Jul 4, 2012
  3. Carl Herrera

    Carl Herrera Member

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    heyp, I think you are confusing a couple of things:

    As I said, there are TWO DIFFERENT rules involved in Restricted Free Agency:

    1. The Qualifying Offer, which is a standing offer of 1 year, $4.3M to Lee. Making the Qualifying Offer is what the Rockets had to do to give themselves the right to match all outside contract offers (it is what makes him a "Restricted" Free Agent).

    The key here is that Lee has the option of accepting this Qualifying Offer, come back for 1 year at $4.3 M and enter free agency again next season without the "Restriction" (i.e. the Rockets being able to match outside contract offers). Of course, he probably would rather sign a multi-year deal right now, but if he feels that the Rockets being able to match offers is depressing outside teams' interest in him (say the Pacers want him, but don't want to waste their time chasing him because they think the Rockets will just match anyway), he may well chose to accept the Qualifying Offer so he can better cash in as an Unrestricted Free Agent next offseason-- a number of some players have done this in recent year.

    If he accepts the Qualifying Offer, he's on the book for $4.3M, which is nice value for him for the Rockets, but the $4.3M will seriously hamper their ability to have the cap room to make offers to Asik and Lin. Not only will he count against the cap for $4.3M, he will also be VERY DIFFICULT to trade (have to get obtain Lee's consent to trade him, and Lee loses his Bird Rights if traded). Thus, they had to rescind the qualifying offer right now rather than on the 11th in order to eliminate that risk.

    2. Courtney Lee's "Bird Right," which is the Right for the Rockets to sign him to any contract, up to the max, regardless of whether they have cap space. In order to maintain the Bird Right on Lee, they have to carry a "cap hold" of $5.56M on their books for him. However, this $5.56M is only a mathematical artifact, and, importantly, NOT an contract offer that Lee can accept. They can (and need to, if they want to make offers to Asik and Lin) get rid of the $5.56M by renouncing his Bird Rights, but this can be done on the 11th rather than now because there is no danger of Lee accepting a $5.56M contract offer (because no such offer exists).

    This is why the Rockets withdrew their Qualifying Offer right now, but can wait to decide on his Bird Rights until later.
     
    #43 Carl Herrera, Jul 4, 2012
  4. SupermoochieFro

    SupermoochieFro Member

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    Lee is a nice player but has essentially reached his ceiling and really fits best with a contending team. He's really not the type of player that benefits a young, rebuilding/reloading team so I actually hope he doesn't resign here. Especially since he'll prob get overpaid.
     
    #44 SupermoochieFro, Jul 4, 2012
  5. NIKEstrad

    NIKEstrad Member

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    That's the tricky part. With Nash getting a big deal, and clearly suitors out there for Dragic and Lin, there will be teams out there that still want a PG. Lowry now looks to be an 8-10m PG on a 6m contract, so he certainly has value.

    The trick is, where does Lowry fit? And what could you actually get for him? I thought it'd be great to get a mid-lotto pick for him, but that didn't happen. I don't have a really good sense of what his value is on the trade market.

    The other consideration, if you assume we'll only have one out Lin, Lowry, and Dragic, is who is our backup point guard? None of those guys have great health track records...
     
    #45 NIKEstrad, Jul 4, 2012
  6. Carl Herrera

    Carl Herrera Member

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    Nike,

    The report is that Nash would go to the Knicks only via a S&T (only way for him to earn more than the Mid-level $). So this means that PHX will need to take back a number of contracts totaling roughly $6.6 M at least. By my count PHX will have roughly $10M in cap room if they sign Eric Gordon to a max offer sheet, taking away the $6.6M, seems they won't have the cap room to both sign Gordon and make a competitive offer to Goran Dragic. Am I missing something here?
     
    #46 Carl Herrera, Jul 4, 2012
  7. NIKEstrad

    NIKEstrad Member

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    They'll get that cap room back when New Orleans matches...

    But Toronto and Dallas also both want point guards.
     
    #47 NIKEstrad, Jul 4, 2012
  8. AggNRox

    AggNRox Member

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    dallas has interest in nash and lin, not dragic. not sure about raptors. at least before the draft, they tried to get lowry. as far as in the media, dragic gets attention only from his old team. i am not sure he will get what he wants.
     
    #48 AggNRox, Jul 4, 2012
  9. teebone21

    teebone21 Member

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    Sign dragic and waive bucks players, we aren't trading them anyways
     
    #49 teebone21, Jul 4, 2012
  10. BHannes2BHonest

    BHannes2BHonest 2 SOLID FOR WEIRD AZZES

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    I am probably missing something, but isn't Dragic an UFA?
     
    #50 BHannes2BHonest, Jul 4, 2012
  11. BHannes2BHonest

    BHannes2BHonest 2 SOLID FOR WEIRD AZZES

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    UFA's also have cap holds?
     
    #51 BHannes2BHonest, Jul 4, 2012
  12. NIKEstrad

    NIKEstrad Member

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    Yes. Marcus Camby's cap hold for example is 16.6 million.
     
    #52 NIKEstrad, Jul 4, 2012
  13. saleem

    saleem Member

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    Will luxury tax apply in the event that Lee and the other FA's sign with us?
     
    #53 saleem, Jul 4, 2012
  14. D-rock

    D-rock Member

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    Leuer measured in at almost 12' (11.5') in shoes at the official NBA combine. He was also a backup center for the Bucks. He has a slight build but he is scrappy.
     
    #54 D-rock, Jul 4, 2012
  15. BimaThug

    BimaThug Resident Capologist
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    Most likely not. It's doubtful that the Rockets' team salary will exceed the $70.3 million luxury tax threshold. Probably will end up in the $60-65 million range if Asik and Dragic are on the team next season.
     
    #55 BimaThug, Jul 4, 2012
  16. D-rock

    D-rock Member

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    Oops, I meant to say Leuer measured in at almost 7 feet (6'11.5). Sorry for the typo.
     
    #56 D-rock, Jul 4, 2012
  17. CincyRocket

    CincyRocket Member

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    No Courtney Lee.... Can someone explain?

    Can someone please offer a reasonable explanation for why we didn't offer Lee a qualifying offer?

    I'm not quite on the Morey hatewagon yet... but this move (or lack there of) is extremely puzzling.

    ... and I haven't heard a reasonable explanation yet.

    Watching his development was one of the few highlights of last year.

    Just another way things have gone from bad to worse, I guess.
     
    #57 CincyRocket, Jul 5, 2012
  18. fleecysphere

    fleecysphere Member

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    They had made a qualifying offer initially. He said he wanted more, and the Rockets eventually withdrew because there is a possibility they may offer him more after other things are settled.
     
    #58 fleecysphere, Jul 5, 2012
  19. izeroi

    izeroi Member

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    -Since Nash is now off the market the knicks have said they'll match whatever Lin is offered.
    -Eric Gordon is getting a max offer from the Suns, which the Hornets said they'll match
    -We got Asik..
     
    #59 izeroi, Jul 5, 2012
  20. rockets06

    rockets06 Member

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    I really hope your wrong about Asik! I hope Bulls match!
     
    #60 rockets06, Jul 5, 2012
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