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Old 02-19-2005, 05:12 PM   #16 (permalink)
Trader Ed
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Re: Canzano says Blazers should just say NO...

Quote:
Originally Posted by e_blazers1
I'm not sure I follow your thinking with respect to NVE. I don't see that the Blazers lose anything by waiting until next summer to deal him. His contract runs through next season unless the team decides to use its option to cut him. As far as I know, that doesn't change even if he follows through on his retirement. The Blazers can still trade the contract and the team that it can then use the option to waive him without being stuck with any salary.
We are probably thinking the same here... in fact, Ed O. and I were briefly talking about this the other day with no resolution. Maybe you can points us to the right CBA FAQ...

My understanding of a retirement is that if the contract is guarenteed, like most contracts for players with value are... the team holding the contract when they retire is responsible for paying off the contract.

Case in point Scottie Pippen. He was under contract with Chicago, retired, and they are paying him off.

See Storyteller's Chicago salaries

Chicago has about $5.4 mil worth of Pippen's salary on the books.... therefore any team that has NVE salary as of July 1 will be responsible for it. They can not waive it afterwards, it becomes guarenteed at 12:01am on July 1 or someting like that.

There is a period in June in which Portland or any other team can excercise that option on NVE, and waive it as a team option. NVE has very little he can say about it, except he can retire if he wants to. Either way, by playing or retiring NVE will get his money, UNLESS he is team optioned out prior to July 1.

The guarenteed money is the key here..... if you have him on the books July 1 you are responsible for it. Then yes, it can be used as an expiring contract next year for trade bait. But you are better off using it as a team optioned expiring contract thi syear. It has value to a team wanting to cut costs.
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