Depends on the buyout. The Rockets are $1,402,254 over the tax. Jeffries is owed $1,930,844 for the rest of the season. If he agrees to a buyout of $1,402,254 or less the Rockets will avoid paying the tax.
Scratch that. The Rockets will be under the tax no matter what, since Jeffries' original contract gets replaced in the teams salary by the buyout amount. Brainfart there. Happens to me quite often.
Heard that Pryzbilla will be bought out from the Bobcats, is this true? If so the Rockets should go after him but I am sure the contending teams will go after him to.
Not so fast there. The Rockets are about $1.45M over the tax threshold right now. Jeffries would have to GIVE UP that much in order for his new cap figure (i.e., his buyout amount) to get the team under the tax threshold. It looks like Les is going to be paying the luxury tax this year.
If Jefferies is getting paid $6,883,800 this season I assume he has 3,000,000.00 left on his contract for the season. If they buy him out for 1.55 Million, you dont think the Knicks would be able to make up the remaining 1.45 Million left on his salary and get the Rockets under the lux tax???
After watching him for these two years, Am I the only one who thinks he will fit in nicely on the Knicks. They need a tall Chuck Hayes in New York. That is mostly what he is
So what I said at first was right? I was thinking that Jeffries' full contract ($6,883,800) gets replaced by the buyout amount, but it most likely is whatever is left on his contract ($1,930,844) and not the full contract, correct? But even then there's still a chance Les won't have to pay the tax, because the difference of what's left on Jeffries contract ($1,930,844) and the amount the Rockets are over the tax ($1,402,254) isn't very large ($528,590).
Any salary paid by the Knicks comes off the Rockets' cap hit, right? Or am I mis-remembering that? He's gonna get the minimum with the Knicks, which should be somewhere around $450K at this point... Hollinger mentioned some incentives bringing that total down, so it'll be close. (Shamsports lists Hayes' salary hit as the "maximum" amount. If he misses any of those, it'll be less).
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Are you trying to say I sound like a leprechaun, because that was my reggae voice I'm wasn't saying JJ is going to give the Knicks all star level play, but I think he'll be a big contributor.
Jeffries's "new" cap figure would be the TOTAL SALARY PLUS BUYOUT paid to him this season. For instance, assuming that Jeffries's is to receive 1/82nd of his $6,883,800 salary for each game during which he is a member of the Houston Rockets and that he has not already received a disproportionate amount of that salary, then Jeffries's cap figure can be no lower than $4,952,978 (such amount being 59/82nds of his total 2010-11 salary). This would also leave him still owed $1,930,822 for the remaining 23 games this season. If Jeffries accepts a buyout amount of $1,000,000 (in lieu of the remaining salary owed to him), then his new cap figure would be $5,952,978 (being the $4,952,978 already paid to him + the $1,000,000 buyout amount). In order to get the Rockets under the luxury tax threshold (they are currently over the threshold by $1,452,254, by my estimations), Jeffries would have to accept a buyout of only about $478,568 in order to ensure that Houston does not pay luxury tax. Why the hell would he do that? That's $1.45M he's lighting on fire, there. Also, keep in mind that this all assumes that he hasn't had any of his salary front-loaded or otherwise been paid more than $4,952,978 thus far this season. If he was paid more already, then his cap figure would be even higher. raleigh, as for the "offset" potentially available to the Rockets, don't expect it to be quite enough to get the Rockets back under the tax threshold. The veteran's minimum this year for players with Jeffries's experience in the league is $1,223,166. Assuming that he's waived today (not a given), then New York would likely not have him until after their 57th game this Sunday. This would put Jeffries's likely salary with New York as $372,916. So, using these amounts, Jeffries would need to (a) accept a buyout amount of no more than $851,484 AND (b) immediately sign with the Knicks thereafter. Even then, this involves Jeffries kissing goodbye to AT LEAST $1,079,338. For a guy like Jeffries, who is unlikely to ever make much more than the league minimum salary in his career, and with a potentially protracted lockout on the horizon, do you really think that he'd leave over $1 million on the table??? I sure as hell wouldn't. I know this was a lot of numbers to digest. I hope this was helpful in explaining things. That said, I'll end with a caveat. To quote Charles Barkley: "I may be wrong. But I doubt it."
I don't see how we're tanking just cause Jeffries is gone. He never got playing time. Not saying we shouldn't tank. As many points as the rockets are averaging already...chase is better offensively than Shane, and Williams is an offensive weapon off the bench. I'm sure he could average more than 8 ppg that Shane put up per 30 mins. Off the bench, Brooks was not giving the Rockets anything. I just don't get the logic that rockets are giving up on the season... Not saying they shouldn't. DM said they dont have the personell to be good defensively. Well, seems to me that he removed the players that were offensive liabilities to improve them even further offensively.
