The Coon CBA states that sign-n-trades contracts must be assigned to a new team within 48 hours. That is correct for the Shandon signing part of it. However, the assignment must also "ultimately consummate." The "ultimately consummated" is contingent on the "trade" part of a "sign-n-trade." <b>Trades can be voided 72-hours out </b>due to failure of passing physicals. So, while the "Sign" Shandon and assign to the Knicks part of the deal has occurred, the consummation of it hasn't until we accept the trade part. bottomline: if the physical fails, Rice goes back to the Knicks and Shandon's contract is voided, as if nothing happened.
tariq, I am sure it is business days only, like any other contract in any other industry. We signed after 5pm on Friday, meaning the 72 hours would start clicking on Monday.
That is great news if Rice will fail medical, I would like to have Shandon back in the Rockets uniform.But not for $7 million per season.
tricks? Just a couple thought that came across my head. 1. Would the Rockets be doing tricks here to just avoid the trade? Wait for a new trade that involves Rice? 2. Anderson would be an unhappy player returning with a smaller contract and the inability to fit in the team.
Offering my worthless $0.02 -> 72 hours in a contract (or stipulation that a contract is based on) means 72 hours. Three business days means three business days. Reading intent into explicit verbiage is generally a bad idea ... Now feel the wrath of my smilies ...
DaGlide, we had 3-4 threads popping up asking the same quesion, and neither the Coon FAQ or 610 radio were reporting an answer, and this is the thanks I get....a bunch of smilies Anyhow, the main question is answered. Explaining why Coon only mentions 48hrs in his FAQ, proved more difficult to explain. The deadline for accepting the trade is much more difficult to answer from the CBA, as it is not clearly specified. For those still interested in the deadline, A 72 hour deadline is specified in the Physical Exam addendum to the Uniform Player Contract. However, that does not apply to assignments (trades), rather only new contracts. Trades allow 48 hrs to report followed by a physical exam ("immediately upon reporting"). The one week thing is coming from this being a Summer Trade, which provides for a longer period to report. The CBA says one week to report "or within such longer time time for reporting as may be specified in said [ trade ] notice." This is on page 181. Once reporting, the player must submit to a physical if asked. What the CBA doesn't say is how long a physical exam can take to complete, for instance, tests don't have immediate results. Sorry for rushing to say 72 hours based on the Physical Exam addendum and my recollection of history. Anyhow, the motivation was to answer the questions flying around yesterday and attempt to explain why Larry Coon states 48 hrs for sign-n-trades (which clearly had passed). I'll try harder next time not to read too much into vaguely explicit legal verbiage!
Got ya, hp. Keep the comments coming ... it's always fun to read your extensive analysis after Rocket moves. No more smilies ... ... oops .
