If that is all the market will bare then yes. Tell me what scenario you see Posey getting 4+ million a year.
I could be wrong; I've been wrong before, but I continue to be convinced that Feigen is wrong here. The luxury tax is being paid on the regular season just ended. *not this season.* the luxury tax has nothing to do with this Summer's free agents like Posey, unless the owners believe the tax will trigger again for the upcoming season. look at it this way, 10% of the players salaries are placed in escrow each season. At the end of the season, if total salaries was not too much, the players get all that back. If salaries were too much, or revenues way too low, then the tax triggers and owners have to pay. This is all based on calculations of the just-ended season. bottomline: tax is calculated in arrears. You pay tax on the previous year salaries, not the upcoming year.
Looks like Piatkowski's deciding between us and the Spurs (it's after Newble news): http://www.cleveland.com/sports/plaindealer/index.ssf?/base/sports/1058619321165950.xml I say he picks spurs...
and another thing to note, even if Feigen is correct, and the revenue calculations of the just-ended season cause a tax on the next year's salaries (from July 1st, 2003 to June 30th, 2004) rather than the already-paid salaries of the revenue year that was used to calculate the tax, then the Rockets can still purge through this season, to get back below again. This is why it makes no sense that the Tax is paid on new salaries rather than the 2002-2003 salaries that were used to calculate the tax to begin with. also, the Rockets likely wouldn't pay a full tax, anyhow. There is a new "cliff provision" which lowers the severity of the penalty for team barely over the tax. They get back a partial share of the tax money that gets redistributed throughout the league. Teams over the cliff level get no money back. Teams between the tax level and the higher cliff level, get a pro-rated share amount equal to the % they are between the tax level and the cliff level.
I don't think Les is a cheap b*stard... Going over the Luxury tax isn't a good idea unless you are a true contender for the title.
Oh man!!!! I was wondering who Quitten was. Heh. Well YES! We got Posey! Not yet...maybe something's happening behind the scenes. Anything said in ESPN NBA Insider?
well we are the only other team that has really shown interest and the bulls are gone now so we will prolly get him really cheap
The Rockets clearly know how to play the "we're financially up against it" card to get a contract favorable for the team (eg Mobley). I just wish they knew the "Moochie, you're a dime a dozen, so you and Fegan take that 'I can start for 1/2 the teams in the NBA so I'll holdout' and shove it up you're a$$" card.
Scottie Pippen returning to the Chicago Bulls By MEGAN REICHGOTT, Associated Press Writer July 19, 2003 CHICAGO (AP) -- Scottie Pippen returned to the Chicago Bulls, re-signing with the team he helped lead to six NBA championships. The team will have an official announcement Sunday, Bulls spokesman Tim Hallam said Saturday night. Terms of the deal were not released, but a source in the NBA, speaking on condition of anonymity, said it was a $10 million, two-year deal. ADVERTISEMENT Pippen was a seven-time All-Star in his 11 seasons with the Bulls, before leaving for the Houston Rockets before the 1999 season. Pippen has spent the last four seasons with the Portland Trail Blazers. ``We are aware that Chicago had a lot of interest in Scottie,'' Trail Blazers general manager John Nash said. ``I talked to him on Thursday and told him we weren't prepared to move forward at this point. We thank him for his contributions. He is a true professional.'' Three weeks ago, Bulls general manager John Paxson, a former teammate of Pippen, raised the possibility that he would like Pippen to return to the Chicago to finish his NBA career where it began. The Bulls coveted the 37-year-old Pippen, an unrestricted free agent, as both a defensive-minded small forward, and mentor to young players such as Tyson Chandler and Eddy Curry. ``More than anything, I want to make him feel welcome,'' Paxson said when he discussed the possibility of re-signing Pippen. ``To me, he would be the perfect veteran leader.'' He averaged 10.8 points and a team-high 4.4 assists last season with the Trail Blazers. But Pippen missed three games in the playoffs because of pain and swelling in his left knee, operated on in March. Pippen didn't leave Chicago on the best of terms. When Coach Phil Jackson left and Michael Jordan retired before the 1999 season, Pippen was shipped off in a sign-and-trade deal to Houston by former general manager Jerry Krause. Associated Press Writer Don Babwin contributed to this report.
I would think he's leaning that way too, since they're probably offering more than the Rocks and are a championship contender.
Thanks for this coment. Off the top of my head, I can't think of any contract that the Rox have had to pass on due to dollars. I can't in fact think of any decision that was ever restricted by dollars. Going further, one of our most common complaints on this board is how high the contracts are. Maybe a bad decision, but certainly not "cheap b*stard" fodder. Big contract for Pippen, Maloney, more than reasonable offer to Olajuwan. What is the complaint. I put Kayman on my ignore list due to that comment. It always makes me feel so superior. OF course, I have to assume that I am on the ignore list of everybody who can spell, so the superior feeling crashes back to reality pretty quick.
Now that Pip has officailly singed with am assuming that makes us priority #1 for Posey. That seemed liek the only other place he was realy considering. Also, when did Antonio Daniels sing with Seattle, I just read it and it caught me off guard.
