Re: Bulls and Celtics can do business
posted at 1/8/2014 11:12 PM EST
In response to Fiercy's comment:
In response to Mployee8's comment:
Why are you giving false info to the readers here???
"Amnestying Boozer means the Bulls still pay Boozer the 16.8m."
That's simply NOT TRUE!!!
Once he were to clear waivers there is a bidding process and the highest bid is then deducted from his original team's obligation. So, say the Mavs win Boozer in the auction for $7.8MM. Then the Bulls obligation would be reduced to $9MM.
The Bulls could also buy out his last year or waive him and stretch that last year over three for a max cap hit of $5.6MM per year.
Some here also thought we wouldn't be able to get rid of Lee
Who? I don't remember any poster saying we wouldn't be able to move Lee. Most thought he'd be combined with Bass or others in a multi-player deal but nobody said he was untradeable. Stop Lying!!!
• Players who are waived by amnesty are not immediately unrestricted free agents. They first must pass through a waiver-style bidding process over 48 hours. First, teams have the opportunity to assume the player’s full contract (which never happens). Once that process passes, teams under the salary cap have the opportunity to bid on the player. The highest bid wins, and if there are equal bids, the team with the worse record gets the player. The player may not be re-signed by the team that released him.
How many teams out there who are under the cap will want to give a 32-year old Boozer a significant amount of money?
You really think there's a team out there who will give Boozer 7.8m?
That's just you manipulating the facts.
And there were some here that never believed we could get an expiring contract for Lee, that's a fact!
Never would a team that had a competent gm would go down this road. I almost cringed at the Boozer trades to the Lakers up until now. I would give him the mid level exception for a nice piece.
Mid-level exception(Fom Wiki)
Once a year, teams can use a mid-level exception (MLE) to sign a player to a contract for a specified maximum amount. The amount of the MLE and its duration depend on the team's cap status. The MLE is $5 million for a duration of four years for teams that are over the cap either before or after the signing, but did not pay a luxury tax in the previous season.