sorry - i accidentally posted this thread in the 'NBA Dish' forum. here it is: fellow CFers - a popular rumor that by now most have read includes us swapping cash for Seattle's draft pick. is there a limit on how much cash we can give them? will it simply be an auction? how does the cash affect the salary cap? from what i understand, if you're over the salary cap, you're severely limited in your signing options. -you are allowed a ~$5 million MLE [every year], and a lesser LLE [every other year, i think]. -if you own a draft pick, you must sign that rookie to a guaranteed contract. -you are also allowed to sign players to minimum contracts, of which there are apparently no limits. no one on the BBS has really mentioned if there are any limits as to how many veteran minimum contracts you can give out; it's probably however many you can give to fill out your 15-man roster. but how do cash considerations work? do they count against the cap? or can you just buy someone else's pick for $10 million out-of-pocket, without the $10 mill coming off your cap? if, for example, we trade $3-4 million in cash for Seattle's pick, where does that money come from? __________________
let's also get the facts right about buying seattle's pick. THEY ARE NOT LOOKING TO TRADE THEIR FIRST ROUND PICK. they are looking to sell their 2nd round pick. we almost need to post a sticky since the confusion has gotten so bad on this.
<i>82. Can cash be included as part of a trade package? Players can be traded for cash, and cash can be included in trade packages. The amount of cash is limited to $3 million. The cash is NOT considered when matching salaries under the Traded Player exception. In a sign-and-trade arrangement, if the contract contains a signing bonus, then any amount of this bonus paid by the signing team counts toward the $3 million limit (see question number 76). </i> http://members.cox.net/lmcoon/salarycap.htm#82 That pretty much answers your question. The limit is $3M total and it doesn't count against the cap. It comes out of the owners pocket. Mark Cuban has thrown $3M into several of the Dallas trades. If the owner can afford to part with the extra $3M, then there's no other cap ramifications.
I can't tell you if it's true or not, but I can tell you where the talk of Seattle looking to deal their 1st round pick for cash and a 2007 first rounder came from. <i>"From what I’ve heard it seems like Seattle’s team needs all revolve around balancing their budget and stopping the bleeding coming out of their owner’s wallet, not making the team better unfortunately. Don’t be surprised to see them trading their pick for cash and a 2007 1st rounder. "</i> http://www.draftexpress.com/viewarticle.php?a=1339
You mean easy as this? <i>Deng was taken at No. 7 by the Phoenix Suns, who made the pick for the Bulls. Chicago traded a future first round selection, a second round pick and cash for Phoenix's first-round choice</i> http://www.usatoday.com/sports/basketball/nba/2004-06-23-wizards-mavericks-deal_x.htm Pretty much the same deal as the rumored Seattle asking price.
Oh I know its happened before, i'm just a little skeptical as to whether Seattle really does this deal or not considering they have so many areas or need plus why would they want to help a conference rival out? But hey, if they're offering why not.
I understand why Seattle would do it. But I don't know why another team would trade a pick from next years draft for 1 this year. 2007's draft is supposed to be so much better!
I think a 10th pick this year is probably better than a 24th pick (even or worse) next year. This year's draft, while lacking a surefire superstar, has relatively even talent out to the end of the lottery IMO. If we can nab Redick AND Brewer or Marcus Williams or Sheldon Williams or Foye - SWEET! We'll have enough youth depth to roll for a couple of years.
