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Started By
Message
re: Stiemsma has been waived, Melvin Ely signed
Posted on 4/14/14 at 11:51 am to The Hurricane
Posted on 4/14/14 at 11:51 am to The Hurricane
Best news all season
0
Posted on 4/14/14 at 1:37 pm to TigerinATL
quote:Not to mention, I believe by claiming his contract, we would have retained his bird rights. Is Demps paying attention?
McNamara made an interesting point on the twitter. No one claimed Greg Smith off of waivers, we could have picked him up and given him a trial run instead of an end of career seat filler like Ely.
Posted on 4/14/14 at 2:56 pm to NOSHAU
Anybody have the contract info on waiving Steamer? Like was he due for a huge full season roster bonus or something that Dell just wanted to skimp on? Or maybe his second year was guaranteed after a certain date? Who's got the scoop?
Posted on 4/14/14 at 3:46 pm to NOLAbaby
quote:No scoop. He only had a one year contract, so he was paid for the one year.
Anybody have the contract info on waiving Steamer? Like was he due for a huge full season roster bonus or something that Dell just wanted to skimp on? Or maybe his second year was guaranteed after a certain date? Who's got the scoop?
Posted on 4/14/14 at 3:49 pm to NOLAbaby
quote:
Like was he due for a huge full season roster bonus or something that Dell just wanted to skimp on?
Stiemsma was injured and judging by this move not going to be available the last 2 games, the team was out of roster spots and felt it needed more than 12 fouls available at the center position, so someone had to be cut to bring in a warm body.
Posted on 4/14/14 at 3:55 pm to The Hurricane
But why Ely
Posted on 4/14/14 at 6:21 pm to NOSHAU
He had non-Bird Rights, which were very limited. We lost those.
Posted on 4/14/14 at 6:27 pm to BuddyLAM
quote:
But why Ely
I love Mel. Don't be hating. I remember during the San Antonio series in 2008 he was pumped on the sideline, waving his towel, exhorting the crowd and beasting on the floor for literally 1 to 2 minutes at a time.
Posted on 4/15/14 at 12:33 pm to VOR
Mark Deeks, salary cap guru, will have an article up soon abut the deal.
He already wrote one about the Cavs making a similar deal for Scotty Hopson ( LINK.
Key difference though, the Pels were smart about it.
So Demps gave himself a 1.4M trade chip this summer, but will pay about $40k for it.
Anyone want to email Jimmy Smith?
He already wrote one about the Cavs making a similar deal for Scotty Hopson ( LINK.
Key difference though, the Pels were smart about it.
quote:
The minimum salary contract for a 10-plus-year veteran next season is $1,448,490. Cleveland could have signed a nine-plus-year veteran to a minimum salary contract for the final few days of the season, just as the Knicks did with Gadzuric, and had that same $1.45 million unguaranteed next summer. Had they signed that someone yesterday instead of Hopson, they would have had to pay them only the prorated minimum salary for the remainder of the season instead of the $1.3 million they gave to Hopson.
With 17 days left to go in the 170 regular season, this meant they needed spend only one tenth of the minimum. They have spent $1.3 million in order to have a $1.45 million unguaranteed contract, whereas they could have spent $131,681 to do the same. Or, if they had just waited until the final day of the season, that amount could have been even smaller, a paltry $7,746.
So Demps gave himself a 1.4M trade chip this summer, but will pay about $40k for it.
Anyone want to email Jimmy Smith?
This post was edited on 4/15/14 at 12:35 pm
Posted on 4/15/14 at 12:50 pm to corndeaux
quote:
So Demps gave himself a 1.4M trade chip this summer, but will pay about $40k for it.
That more than explains passing on Greg Smith. Expirings aren't what they used to be, but voidable deals will always be gold.
Posted on 4/15/14 at 1:19 pm to corndeaux
Interesting.
quote:
Michael McNamara ?@McNamara247 33m
Prior to the Ely signing, Gordon for Amare wasn't a legal trade. Now, add Ely and it is. Coincidence?
Posted on 4/15/14 at 1:22 pm to TigerinATL
Amare doesn't play defense Aced
Posted on 4/15/14 at 1:31 pm to NorthshoreTiger76
Jimmy Smith is gonna torch the Pelicans' offices when Amare's knees buckle two weeks into the season
Posted on 4/15/14 at 3:06 pm to eyeran
Here is the Deeks write up on the trade.
LINK
Deeks with the KO in rd 1 v Jimmy.
LINK
quote:
The addition of a future unguaranteed season of salary is favoured by teams because it allows them to control a player's destiny over the start of the free agency period, fix their price should they decide to keep them, but most pertinently of all, add a future trade chip. An unguaranteed minimum salary contract can be dealt in trades come the summer time, often serving as helpful filler in bigger deals and valuable to the recipient team because of the ability to cut them immediately and potentially save significant money.
quote:
As seen in the Hopson post, signing a veteran at the very end of the season to a deal with a future season can make for a significant cap hit the following season for minimal cost in the previous. New Orleans, then, have demonstrated exactly what it was Cleveland could and should have done.
As for why it was Ely in particular - well, why not Ely? He was in the D-League and thus available, he has many years of experience and is thus suitably expensive, and he has been out of the NBA for long enough that any opportunity to get back into it is to be welcomed. Ely will almost certainly not feature in the Pelicans plans as anything other than a contract to use in trade permutations, as a team in their position has no need for a nearly 36-year-old center whose only NBA caliber skills are four foot hook shots with both hands. However, he served that purpose well, earns a few thousand for sacrificing his freed for two months, and gets to enjoy being able to say he is back in the NBA, however briefly.
A win for all parties, then. Except for Greg Stiemsma.
Deeks with the KO in rd 1 v Jimmy.
Posted on 4/15/14 at 3:11 pm to corndeaux
How likely/unlikely is a trade like Amare for EG?
It eats up all of our cap space but gets rid of a 2 year massive contract for a one year massive-er contract
Could we buy out Amare like we did with Rasheed Lewis? Is that the thinking?
It eats up all of our cap space but gets rid of a 2 year massive contract for a one year massive-er contract
Could we buy out Amare like we did with Rasheed Lewis? Is that the thinking?
Posted on 4/15/14 at 3:16 pm to corndeaux
At this point, it's a no brainer move. I love the cap manipulation by Demps. Hopefully, it turns into something useful this offseason.
Posted on 4/15/14 at 3:38 pm to DeionDeion
quote:
Could we buy out Amare like we did with Rasheed Lewis? Is that the thinking?
I saw an article this morning that Amare is considering playing for some Israeli team he's part owner of once his contract is up. I'm not sure whether that makes him more or less open to a buyout.
I think the biggest obstacle to any NY trade is are they willing to risk Gordon opting in and eating cap space in 2015 when they'll only have about $12 million on the books, possibly less since these are the players I keep hearing mentioned in trades from NY's end, Felton, JR Smith and Shumpert. Especially with Phil Jackson on board now, aiming for a book clearing Miami style Big 3 seems to be the quickest way to rebuild even if Melo stays. We really may have to Stretch Provision Gordon.
This post was edited on 4/15/14 at 3:39 pm
Posted on 4/15/14 at 3:55 pm to The Hurricane
The Pels aren't that bad at center. They don't have a major force, but Withey and especially Ajnica show good promise.
Posted on 4/15/14 at 10:40 pm to DeionDeion
quote:
How likely/unlikely is a trade like Amare for EG?
I think A'mare could be a solid OTB scorer in the approx. 50 games he plays next year, like he was for the Knicks this year. He'd get that $$ of the books quicker and I think his average marginal benefit is somewhat comparable (although slightly less) than Gordons to the Pelicans for next year. He'd obviously be a short-term player and highly undependable (high risk, high return guy), but barring injuryapocalypse like this season I think the Pels could withstand it. I wouldn't hate A'mare, just wouldn't bank on him saving us or killing us. Anything that gets Eric "Cancer" Gordon out of NOLA is alright in my book...
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