Getting the FACTS Right!

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    Re: Getting the FACTS Right!

    Reggie whether he was a hall of famer or not is not something to even consider.  He didn't get a chance to show if he could have longevity.

     
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    Re: Getting the FACTS Right!

    fierce, where do u get the audacity to start a thread called "Getting the FACTS right!"???

     
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    Re: Getting the FACTS Right!

    Some more facts,

    Amnesty him

    The new collective bargaining agreement allows for players under contract under the old CBA to be released via the “Amnesty Provision.” 

    The benefit to using the Amnesty on Pierce is that his entire $15.3 million salary comes off the books.  This is the ONLY scenario under which the entire $15.3 million is removed from the Celtics payroll.  After Pierce is waived under the Amnesty Provision, he goes into a waiver-bidding process under which only teams with enough cap space to accommodate their bid on him can participate.  The minimum bid for him is the minimum salary for a veteran of his length of service, which for Pierce is $1.4 million.

    So in a nutshell, if a team has $1.4 million in cap space, they can make the minimum bid on Pierce and no more.  If a team has $10 million in cap space, it can bid any amount under it’s cap for Pierce.  He’d then go to the highest bidder, with the Celtics obligated to pay the difference between what the new team is paying him, and what his full contract is.  He’ll still make $15.3 million next year if he’s released under the Amnesty Provision, it would just be a matter of how much of that the Celtics would have to pay.

    The downside to the Amnesty Provision is the Celtics would be paying Pierce to play for someone else.  And if some team uses $5 million of their cap space, the Celtics ownership group would be paying Paul Pierce $10 million to play basketball for another team.

    If the Pierce amnesty is the ONLY move the Celtics make to shed salary, the Celtic would be at just under $60.7 million.  That’s about $2 million OVER the cap, but well under the luxury tax.

    Because they’d be over the cap but under the tax, the Celtics would have their full mid-level exception ($5.150 million) and the bi-annual exception ($2.016 million) to use  on free-agents this offseason.

    What does that all mean?

    If the Celtics ONLY salary-shedding move this summer is using the amnesty on Paul Pierce, you clear $15.3 million off the books, but only maintain the ability to spend about $7 million on free agents… but you can spend NO MORE than $5.150 million on any one free agent.  You CANNOT amnesty Pierce and use that $15.3 million to sign someone else.  On top of that, the owners would still be spending millions to pay Paul Pierce to play for another team.

    If the Celtics do decide to use the Amnesty Provision on Pierce, they’ll have ONE WEEK to do it:  July 10-16.  So if Pierce is still on the roster after July 16, they CANNOT use the Amnesty Provision on him.

    Waive him

    Again, Paul Pierce is due a salary of $15.3 million next season.  According to ShamSports, Pierce is guaranteed $5 million of that, and will be guaranteed ALL of that if he’s retained beyond June 30.  So if Pierce is still on this roster on July 1, he’s going to get $15.3 million next season.

    However, the Celtics could pay him the $5 million, release him before June 30, and he’d be a free agent on July 1.  It’s important to note, any money paid to a player outside of the Amnesty Provision remains on the books.  So waiving Pierce by paying him the guaranteed portion of his contract only clears about $10.3 million.  That puts the Celtics in the same situation as they’d be in with the Amnesty, only with a little less room between the cap and the luxury tax.   The Celtics would still only have their full mid-level exception ($5.150 million) and the bi-annual exception ($2.016 million) to use on free agents.

    So… to recap…

    • Amnesty:  $15.3 million comes off the books, but C’s are still responsible for paying some portion of Pierce’s salary for him to play on another team.
    • Waive:  They $5 million stays on the books, but they’d clear $10.3 million.  
    • Trade:  varies, but due to salary-matching rules, C’s savings would be minimal.
    • Keep:  Celtics face a higher tax hit if they can’t clear enough space to avoid it with other moves.
    • Retirement:  Only if Pierce decides his career is over and files proper paperwork will the C’s see the full $15.3 million off the books.

    http://redsarmy.com/2013/05/06/what-do-we-do-with-paul-pierce/

    There are other what to do with players on this site that explains reasons things may happen.

    http://redsarmy.com/2013/05/07/what-do-we-do-with-kevin-garnett/

    http://redsarmy.com/2013/05/14/what-do-we-do-with-jeff-green-2/

    http://redsarmy.com/2013/05/08/what-do-we-do-with-rajon-rondo/

    http://redsarmy.com/2013/05/09/what-do-we-do-with-jason-terry/

     
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    Re: Getting the FACTS Right!

    In response to Fierce34's comment:

     

    In response to Mployee8's comment:

     

    In response to Fierce34's comment:

     

    In response to Mployee8's comment:

     

    If I'm an investor In Boston Celtics LLC then I'm voting for the buy-out and save to company $10MM. What ever happened to "it's a business" Fungus? You always like to remind posters that it's a business first but in this instance you're happy to spend the cheap owners' $ ?????

     



    Like I said in another thread, the Celtic owners are cheap. So I'm expecting them to waive Pierce so that they can save 10m.

     

    But if it were up to me, I'd give Pierce the 15.3m as a reward for being loyal to the Celtics.

    In the end it doesn't matter because Pierce will be gone and both you and I are not investors in Boston Celtics LLC. 

     




    How can you be so sure of that?

     

     



    So now you're going to pretend that you're an investor in Boston Celtics LLC?

     

    I'm pretty sure you're not!

    Why?

    Since we had that Tolliver vs. BBD bet in 2010, none of your ideas/predictions panned out!

    Common sense tells us that if you had inside information then you would have gotten some of the predictions right!

    HAHAHA

     




    What a nincompoop...  Being a shareholder in the Celtics doesnt make you privy to inside information, you ding bat..

     

    I bet you believe everyone that owns a share of Google gets to sit in on all their board meetings and negotiations...

    Really, youre not too bright

     
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    Re: Getting the FACTS Right!

    In response to Fierce34's comment:

    In response to Mployee8's comment:

     

     


    Insider information .... Hahaha ... You're still an idiot!

     

     



    Like I said, you guys are just throwing insults and calling me names.

     

    You guys can't even talk basketball anymore.




    fierce..i think you are a good poster..you seem to know what you are talking about..keep it up..i like reading your post...it makes me think some times...lol

     
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    Re: Getting the FACTS Right!

    In response to Fierce34's comment:

    And you guys see any trolls lately?

    All the Laker trolls here hate me.

    Now, is that a good thing or a bad thing?




    lol..a very good thing.....

     
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    Re: Getting the FACTS Right!

    In response to Fierce34's comment:

    In response to raider3524's comment:

     

     


    fierce..i think you are a good poster..you seem to know what you are talking about..keep it up..i like reading your post...it makes me think some times...lol

     

     



    The problem with the extremists here is they resort to throwing insults and name calling when they can't win the argument.

     

    We've had previous discussions before and we didn't have a problem in our discussions.

    It's the ones that keep bashing Doc Rivers everyday, even on Sundays, the ones that keep lying, like suing BDC, and the hypocrites who keep criticizing the NBA, but still watch NBA the games and talk about the NBA, that are causing trouble here.

     



    we not going to have any problem...because we are talking basketball..thats all...it's a good thing.

     
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