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!

Kyle Lowry - Qualifying Offer

Discussion in 'Houston Rockets: Game Action & Roster Moves' started by BEAT LA, Mar 21, 2010.

  1. BEAT LA

    BEAT LA Member

    Joined:
    Sep 24, 2009
    Messages:
    7,662
    Likes Received:
    197
    According to

    http://hoopshype.com/salaries/houston.htm

    Kyle Lowry has a qualifying offer (as well as Hilton Armstrong). How do they work? If the Rockets can retain Lowry for less than $3 million that would be great. Is it like a team option, or does Morey have to negotiate a new contract with him?

    Also, do we have to keep Armstrong's salary on the books? He sucks.
     
  2. trugoy

    trugoy Member

    Joined:
    Nov 23, 2002
    Messages:
    1,383
    Likes Received:
    139
    By making a qualifyinf offer, the player goes into restricted free agency allowing you to match any offer, by not tendering a qualifying offer, the player goes into unrestricted free agency.
     
    1 person likes this.
  3. daeyeth

    daeyeth Member

    Joined:
    Feb 16, 2010
    Messages:
    1,140
    Likes Received:
    28
    Do you think teams will be hesitant on offering a contract for Lowry with his ankle injury or will that not be an issue by the time summer comes around?
     
  4. trugoy

    trugoy Member

    Joined:
    Nov 23, 2002
    Messages:
    1,383
    Likes Received:
    139
    if there was an issue, Lowry's agent will not let him play, so the fact that he is playing means that it wonh't be an issue
     
  5. BEAT LA

    BEAT LA Member

    Joined:
    Sep 24, 2009
    Messages:
    7,662
    Likes Received:
    197

    Thanks! So that $3 million for one season could be his salary next year if no one offers him anything? Or do we make him an offer?

    You explained it very well, but I don't understand where this $3 million comes in to play.
     
  6. trugoy

    trugoy Member

    Joined:
    Nov 23, 2002
    Messages:
    1,383
    Likes Received:
    139
    Yes, then he would become an unrestricted free agent at the end of 2011, and also during the 2010/2011 season, Rockets would not be able to trade him without his consent.
     
  7. OremLK

    OremLK Member

    Joined:
    Jan 31, 2010
    Messages:
    20,188
    Likes Received:
    17,934
    trugoy has it right, the sequence of events is like this:

    -Rockets tender Lowry a qualifying offer (a one year contract worth $2,975,164 in Lowry's case, as you mentioned)
    -Lowry can choose whether to accept or decline this offer.

    If he accepts it:
    -He plays for the Rockets for the 2010-11 season at a salary of $2,975,164.
    -The Rockets cannot trade him without his consent.
    -After the season is over, he enters unrestricted free agency, where he can sign anywhere he wants.

    If he declines it:
    -Teams can give him an offer sheet for whatever contract they want (within NBA min/max salary restrictions)
    -However, if he signs an offer sheet, the Rockets then are given the opportunity to match it and retain his services for that price.
    -Declining restricted free agency typically results in a multi-year deal for the player.
     
  8. Francis3422

    Francis3422 Member

    Joined:
    Mar 14, 2000
    Messages:
    9,053
    Likes Received:
    7,303
    Give him 4 years 17 million. He is worth it.
     
  9. DaDakota

    DaDakota Balance wins
    Supporting Member

    Joined:
    Mar 14, 1999
    Messages:
    129,237
    Likes Received:
    39,746
    This is a weird one, normally, you would think that Kyle would sign the one year tender to become an unrestricted free agent.

    But with the new CBA looming, Morey might be able to lock him up cheaply for a few years.

    It depends upon whether Kyle wants to start, and how firmly he believes he should, IMO.

    DD
     
  10. leebigez

    leebigez Member

    Joined:
    Jun 24, 2001
    Messages:
    15,815
    Likes Received:
    790
    I think a team will offer lowry 4m per and i'm not sold on morey matching.
     
  11. ICanDunkOnYao

    ICanDunkOnYao Member

    Joined:
    Feb 6, 2010
    Messages:
    1,005
    Likes Received:
    38
    Daryl said he would retain Lowry no matter what.
     
  12. kaleidosky

    kaleidosky Member

    Joined:
    Mar 20, 2002
    Messages:
    15,086
    Likes Received:
    1,352
    isn't the 3 mil a cap hold on next year for now? (in addition to the RFA instead of UFA thing)

    So then he can sign the 1 year deal if he chooses, and the alternative is to either sign a multi-year deal with the rockets or sign one with another team (giving the rockets an option to match)?

    that's my understanding off the top of my head..
     
  13. v3.0

    v3.0 Member

    Joined:
    Jan 23, 2005
    Messages:
    16,203
    Likes Received:
    931
  14. BasketballMind

    Joined:
    Mar 8, 2010
    Messages:
    2,194
    Likes Received:
    1,434
    Most GMs would say that in hopes that another team wouldn't bother trying to sign him.
     
  15. trugoy

    trugoy Member

    Joined:
    Nov 23, 2002
    Messages:
    1,383
    Likes Received:
    139
    Guys hoping we can sign him for cheap are dreaming.

    Kyle Lowry is the BEST PG FA in the 2010 FA class, if a team is looking for a PG then they have to pursue Lowry.
     
  16. NIKEstrad

    NIKEstrad Member

    Joined:
    Mar 21, 2000
    Messages:
    10,230
    Likes Received:
    4,234
    Not exactly.

    There is not really a "decline the offer sheet" option.

    Basically, once the Rockets make the tender offer, Lowry can choose to accept the offer sheet and play next year at 2.975m. He can also go out and solicit offers or sign and trades. If he doesn't find anything he likes, he can then go back and take the QO.

    The Rockets also have the right to rescind the qualifying offer at any time, but lose their free agent rights by doing so.
     
  17. ivenovember

    ivenovember Member

    Joined:
    Nov 3, 2007
    Messages:
    2,260
    Likes Received:
    96
    I hope you don't consider Wade a PG. But there's also TJ Ford, Raymond Felton, Luke Ridnour, Nate Robinson, Randy Foye, JJ Barea, CJ Watson, Acie Law, etc.
    I'm not saying that all these PG's are better than Lowry at all but there are enough PG's avaliable.
     
  18. Lovemachine2000

    Joined:
    Feb 13, 2008
    Messages:
    1,474
    Likes Received:
    370
    Watch basketball much?
     
  19. durvasa

    durvasa Member

    Joined:
    Feb 11, 2006
    Messages:
    38,893
    Likes Received:
    16,449
    Obviously that's not true, because he's a rational person.

    That stuff is just verbal trickery to get other teams to think twice before making Lowry an offer. If a team is crazy enough to offer Lowey more than the MLE, Morey will not match. Its possible the Rockets would match up to 5 million, but I think the preference is to get him at the 3-4 million range.
     
  20. Noob Cake

    Noob Cake Member

    Joined:
    Mar 10, 2008
    Messages:
    3,563
    Likes Received:
    729
    Morey is probably going to retain Lowry for a max of 4m/year for 4/5 years with last year team option.
     

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now