On Singletary and Ewing in the Houston trade...
I don't think it has anything to do with the luxury tax. Singletary and Ewing both had typical non-guaranteed contracts for 2nd rounders. As a result, Petrie could cut them both at any time. He did not need this trade to do that.
Look at the trade numbers:
Houston trades:
BoJax $6,987,888
Greene $971,160
Future 1st rounder $ no trade value
Total $7,959,048
Sacramento trades:
Artest $7,400,000
This is close enough under the CBA to do the deal as above.
Instead, Houston adds $1,000,000 cash.
New TOTAL: $8,959,048
And the Kings toss in:
Singeltary $442,114
Ewing $442,114
Extra Total $884,228
New TOTAL: $8,284,228
So, IMHO, when I look at these numbers, it appears that the Kings merely wanted some extra compensation for the Artest deal, and instead of just cutting our 2nd rounders, the Maloofs pocketed $1 million for two players that were going to be cut anyway.
Anybody else buy this or have another thought?
Note: I don't know how much of the non-guaranteed contracts are committed to the players, but I don't think it is very much if they never suit up in an NBA regular season.
The word is that Houston will accept them and then immediately cut both, so it's not that they're interested in them as players. It's for luxury tax purposes, so the only thing that makes sense is the portion of those contracts that are guaranteed are putting us over the limit.
I don't think it has anything to do with the luxury tax. Singletary and Ewing both had typical non-guaranteed contracts for 2nd rounders. As a result, Petrie could cut them both at any time. He did not need this trade to do that.
Look at the trade numbers:
Houston trades:
BoJax $6,987,888
Greene $971,160
Future 1st rounder $ no trade value
Total $7,959,048
Sacramento trades:
Artest $7,400,000
This is close enough under the CBA to do the deal as above.
Instead, Houston adds $1,000,000 cash.
New TOTAL: $8,959,048
And the Kings toss in:
Singeltary $442,114
Ewing $442,114
Extra Total $884,228
New TOTAL: $8,284,228
So, IMHO, when I look at these numbers, it appears that the Kings merely wanted some extra compensation for the Artest deal, and instead of just cutting our 2nd rounders, the Maloofs pocketed $1 million for two players that were going to be cut anyway.
Anybody else buy this or have another thought?
Note: I don't know how much of the non-guaranteed contracts are committed to the players, but I don't think it is very much if they never suit up in an NBA regular season.
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