It's from Feigan's report. ESPN Insider copied and pasted it. In any case, it seems the market for Scola and Brad Miller may be more robust than people think. Scola is reported to have a possible $55 million offer, Miller was said to have received interest at full MLE. Maybe Morey didn't "overpay" like all of the complainers say he did.
Well, Scola did hang 44 on the Nets last year... maybe they thought he did that every game. I'm still glad we got him for what we did though.
exactly . nets suckered morey. theres no way they would do that. they need cap space to make a run at lebron in 4 years.
are we supposed to be naive enough to believe scola turned down an extra 17 million just for Houston? come on. signing bonus+extra money theres no way i believe this story.
They were PREPARING the offer, but had not made it yet.....and there are equalizers like income tax etc...... Something folks don't consider when talking about Bosh and Lebron...both took alleged pay cuts, but when you factor in that Florida has no state income tax, they come out even or ahead, particularly Bosh. DD
Morey made some sort of comment to Jim Rome (I believe) about how the Nets wanted Luis Scola "and still do", something to that effect, even when the deal was done. Naturally I thought, Hmn, December 15th; Nets have cap space....Morey wanted Favors.... But no, it's good to have Luis in the fold. Better to have him and compete at a high level. The guy's steady as they get. Doesn't miss a game, is a real pro.
I think the signing bonus would have to be included in the $55m quoted. It's significant only because it makes cash flows harder on the Rockets in the first year if they matched. So, I think Scola would only be giving up $8m over 5 years. That seems sensible to me. What if he signed that contract and then the Rockets didn't match? He'd be stuck on the Nyets.
My understanding is that the Nets could have structured so that it was more money in the first. Not a huge problem for the nets since they are way below the lux tax, but a big problem for us since we are in lux tax land. If Scola really preferred to stay in Houston over NJ (likely) and the Rockets offered him a comparable deal then it would make sense for him to just take the Rox offer. Factoring in taxes, I wouldn't be surprised if he's making more here under this contract then what he would have gotten in NJ. Sure he could have made the Rox match and gotten a little more, but he'd be hurting his team, and perhaps Morey told him he wasn't sure Mr. Alexander could sign off on that. It seems to me that this was the compromise that made everyone happy. Scola didn't get as much as he could have, but the Rox didn't get the basement bargain they were hoping for either.
