We only save about $300,000 in the transaction," general manager John Nash said, tipping his hand that the Blazers intended to release McInnis by July 1.
I think what Nash meant was that they were on the hook for only $300K of McInnis' salary if we waived him by July. If they chose not to waive him by July, his contract was guaranteed in full for next season...if they waived him, it would've cost them $300K (guaranteed portion). By trading him, they do not have to eat that "guaranteed" portion of his contract...so in essence, they did save only about $300K.Originally posted by <b>Trader Bob</b>!
I think I found the problem in Portland :whoknows:
According to my math and Hoopshype...
McInnis was at $3.3 mil and Ruben was about $768,000 or roughly a bit over $4 mil.. $4.068
Miles makes $4.128 mil
Hmmmm they actually are paying about $50,000 more
not saving $300,00
and with tax implications paying about $100,000