We've talked a bit about Dalembert's salary and his trade kicker (which was 15%) on some other threads. One point of confusion was how much Dalembert is actually going to be paid next year. I myself noted that the source I believe to be most reliable (Sham Sports) did not give a salary that lined up with a 15% trade kicker in any reasonable way.
I believe I can now explain (almost) all. There will be a bit of arithmetic under the spoiler.
A news source in Philly points out that:
That was the first time I had heard that he had waived it. The report suggests that he waived his entire trade kicker, but that's not legal under the CBA:
(Emphasis mine.) Note that Dalembert can only waive that portion of his kicker necessary to make the trade go through, and no more. The implication is that he did this such that the trade would go through before July 1, because after July 1 we could absorb his salary even including the kicker.
The upshot of the above math is this: Dalembert's 15% trade kicker would have been worth $1,767,000 per year, but he waived all but about $365,000 of that in order to make the trade go through pre-draft, and he ended up getting about a 3% trade kicker. His salary at Sham Sports of $13,278,129 for next year must be very close (if not dead on) when taking into account his base salary, his reduced trade kicker, and his unknown performance incentives.
I believe I can now explain (almost) all. There will be a bit of arithmetic under the spoiler.
A news source in Philly points out that:
That was the first time I had heard that he had waived it. The report suggests that he waived his entire trade kicker, but that's not legal under the CBA:
(Emphasis mine.) Note that Dalembert can only waive that portion of his kicker necessary to make the trade go through, and no more. The implication is that he did this such that the trade would go through before July 1, because after July 1 we could absorb his salary even including the kicker.
What do the numbers say? This year, which is still relevant for trade purposes, Nocioni and Hawes made a combined $9,832,800. Since we are over the salary cap (for now), the maximum we can receive in return is 125% plus $100,000. Do the math, and that's $12,391,000.
That's more than Dalembert was making. Exactly what he was making is a bit difficult to say - his base salary was listed at $11,360,000, but he had achieved some unspecified performance kickers according to Sham. Since trade kickers are supposed to be evenly spread across the remaining life of a contract, if Sham is right the value of the trade kicker after partial waiver was only $365,306 annually.
Looking at this year: $12,391,000 (max '09-'10 salary after the trade, based on cap rules) minus base salary ($11,360,000) minus trade kicker ($365,306) is $665,694, which is presumably the value of Dalembert's performance incentives for this year. Those performance incentives are about 5.86% of the base salary.
Looking at next year: $13,278,129 (Sham's listed '10-'11 salary) minus base salary ($12,200,000) minus trade kicker ($365,306) is $712,823, presumably the value of Dalembert's performance incentives for next year. Those performance incentives are about 5.84% of the base salary.
So the numbers line up. Now the performance incentives are not perfect (5.86% vs. 5.84%), but they're pretty darn close. It's possible that he had both percentage-based incentives (e.g. 5% of salary) and absolute incentives (e.g. $25,000/year) that, if known, would make the numbers come out perfectly.
It all actually makes sense.
That's more than Dalembert was making. Exactly what he was making is a bit difficult to say - his base salary was listed at $11,360,000, but he had achieved some unspecified performance kickers according to Sham. Since trade kickers are supposed to be evenly spread across the remaining life of a contract, if Sham is right the value of the trade kicker after partial waiver was only $365,306 annually.
Looking at this year: $12,391,000 (max '09-'10 salary after the trade, based on cap rules) minus base salary ($11,360,000) minus trade kicker ($365,306) is $665,694, which is presumably the value of Dalembert's performance incentives for this year. Those performance incentives are about 5.86% of the base salary.
Looking at next year: $13,278,129 (Sham's listed '10-'11 salary) minus base salary ($12,200,000) minus trade kicker ($365,306) is $712,823, presumably the value of Dalembert's performance incentives for next year. Those performance incentives are about 5.84% of the base salary.
So the numbers line up. Now the performance incentives are not perfect (5.86% vs. 5.84%), but they're pretty darn close. It's possible that he had both percentage-based incentives (e.g. 5% of salary) and absolute incentives (e.g. $25,000/year) that, if known, would make the numbers come out perfectly.
It all actually makes sense.
The upshot of the above math is this: Dalembert's 15% trade kicker would have been worth $1,767,000 per year, but he waived all but about $365,000 of that in order to make the trade go through pre-draft, and he ended up getting about a 3% trade kicker. His salary at Sham Sports of $13,278,129 for next year must be very close (if not dead on) when taking into account his base salary, his reduced trade kicker, and his unknown performance incentives.
