View Single Post

Old 06-04-2003, 02:11 AM   #1 (permalink)
ballocks
-PREMIUM MEMBER-
 
ballocks's Avatar
 
Join Date: May 2003
Posts: 3,091
Credits: 172,205.68
Rep Power: 3962538 ballocks has a reputation beyond repute ballocks has a reputation beyond repute ballocks has a reputation beyond repute ballocks has a reputation beyond repute ballocks has a reputation beyond repute ballocks has a reputation beyond repute ballocks has a reputation beyond repute ballocks has a reputation beyond repute ballocks has a reputation beyond repute ballocks has a reputation beyond repute ballocks has a reputation beyond repute
Contract Payments after Retirement

i was wondering how players get paid once they retire- is it the FULL contract that's remaining to them?

i was thinking of hakeem olajuwon in particular. to my knowledge, he is being paid every cent that he signed on for in 2001 as part of a 4 year- 16 million contract. is this true?

if it is, what's stopping shaq or kobe or kg, when they become free agents, to sign a long-term max deal (with bird rights) and retire the next day (or soon thereafter)? anything at all?

is that seen as a loophole in the cba? i don't know. it just doesn't exactly seem like the fairest of propositions.

last, what are the salary cap implications for said players? i know olajuwon is held against the cap until he is checked out medically by a league-appointed physician. is that the only exception?

if kobe retired the day after signing a 7 year- 110 million dollar deal, and the lakers couldn't free cap space for those 7 years, i would think that the franchise would crumble under such ridiculous circumstances. there must be some special considerations... i'm just not sure what they are.

peace
ballocks is offline   Reply With Quote