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So how would the stretch provision work on EG this offseason?
Posted on 11/7/14 at 10:17 am
Posted on 11/7/14 at 10:17 am
Let's say he continues to be a bum, or even marginally better, and there is no shot of trading him. Because he's a bum, he opts in.
If we used the stretch provision on him, this offseason, someone with knowledge explain to me how that would work and affect the cap for the next few years. What would the dollar amounts be? Can you work out a lower number with the player and then stretch it out?
If we used the stretch provision on him, this offseason, someone with knowledge explain to me how that would work and affect the cap for the next few years. What would the dollar amounts be? Can you work out a lower number with the player and then stretch it out?
2
Posted on 11/7/14 at 10:28 am to Fun Bunch
Stretch provision is taking the salary owed and stretching it out over 2 x seasons remaining + 1. So if we do it next offseason we stretch out the money owed Gordon in the last year of his deal over 3 years. If it's the full $15.5 million, it'd be a $5 million cap hit for 3 years. If he can return to form, you'd hope he could get at least $5 million on the open market (Jodie Meeks got $7) and accept a $10 million buyout which would lead to a $3.3 million cap hit over 3 years if stretched. Here's an article from MM on it last year LINK /
Running the cap numbers I think this played a part in not picking up Rivers' option. If the cap goes up to $67 million (projection before the TV deal) and you keep Asik for $12 million, then you'd have about $9 million in cap space stretching Gordon's full salary and $11 million if you can get him to take a $10 million buyout. Keeping Rivers turns those numbers into $6 - $8 million in cap space which probably wouldn't be enough to get the caliber of SF we're hoping for.
Running the cap numbers I think this played a part in not picking up Rivers' option. If the cap goes up to $67 million (projection before the TV deal) and you keep Asik for $12 million, then you'd have about $9 million in cap space stretching Gordon's full salary and $11 million if you can get him to take a $10 million buyout. Keeping Rivers turns those numbers into $6 - $8 million in cap space which probably wouldn't be enough to get the caliber of SF we're hoping for.
This post was edited on 11/7/14 at 10:29 am
Posted on 11/7/14 at 10:51 am to Fun Bunch
The stretch provision is when EG inevitably gets hurt again, he will have to do a lot of stretching during his rehab so that he can get back out on the court as soon as he can.
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