Reply

Old 06-04-2003, 01:11 AM   #1 (permalink)
ballocks
-PREMIUM MEMBER-
 
ballocks's Avatar
 
Join Date: May 2003
Posts: 3,056
Credits: 167,997.33
Rep Power: 3962533 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
Sponsored Links
Advertisement
 

Old 06-13-2003, 12:28 AM   #2 (permalink)
pound me
Basketballboards Benchwarmer
 
Join Date: Jun 2003
Location: seattle
Posts: 112
Credits: -395.00
Rep Power: 6 pound me is on a distinguished road
i have no friggin' clue but...

I think a retired players' salary doesnt count against the cap
pound me is offline   Reply With Quote
Old 06-14-2003, 01:42 AM   #3 (permalink)
ballocks
-PREMIUM MEMBER-
 
ballocks's Avatar
 
Join Date: May 2003
Posts: 3,056
Credits: 167,997.33
Rep Power: 3962533 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
no, i'm sure that it does. olajuwon was held against the cap this past season and he will be again next year. the league just recently came up with an action plan against that situation, when they added the wrinkle that players who retire due to injury (like olajuwon) need to get checked out by a league-appointed physician.

after the examination, and after the doctor affirms that the injury caused the retirement, the contract comes off the cap. this caveat to the cba will be introduced next year, i believe.

anyway, going back to the original post, does NOBODY have any idea?

peace
ballocks is offline   Reply With Quote
Old 06-15-2003, 11:39 AM   #4 (permalink)
Dan Rosenbaum
-PREMIUM MEMBER-
 
Dan Rosenbaum's Avatar
 
Join Date: Jun 2002
Location: Greensboro, NC
Age: 38
Posts: 2,160
Credits: -765.00
Rep Power: 259 Dan Rosenbaum has a reputation beyond repute Dan Rosenbaum has a reputation beyond repute Dan Rosenbaum has a reputation beyond repute Dan Rosenbaum has a reputation beyond repute Dan Rosenbaum has a reputation beyond repute Dan Rosenbaum has a reputation beyond repute Dan Rosenbaum has a reputation beyond repute Dan Rosenbaum has a reputation beyond repute Dan Rosenbaum has a reputation beyond repute Dan Rosenbaum has a reputation beyond repute Dan Rosenbaum has a reputation beyond repute
The salaries of retired players do count towards team salary for at least the first two years after they retire.

http://members.cox.net/lmcoon/salarycap.htm#50
Dan Rosenbaum is offline   Reply With Quote
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are Off
Pingbacks are Off
Refbacks are On


VerticalSports
Baseball Forum Golf Forum Boxing Forum Snowmobile Forum
Basketball Forum Soccer Forum MMA Forum PWC Forum
Football Forum Cricket Forum Wrestling Forum ATV Forum
Hockey Forum Vollyball Forum Paintball Forum Snowboarding Forum
Tennis Forum Rugby Forums Lacrosse Forum Skiing Forums
Copyright (C) Verticalscope Inc Search Engine Friendly URLs by vBSEO 3.0.0 RC8
vBCredits v1.4 Copyright ©2007, PixelFX Studios