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Can someone explain trading for cash / "selling picks"
Posted on 6/21/19 at 10:58 am
Posted on 6/21/19 at 10:58 am
Last night on WWL's draft special, they mentioned that the Pels could "sell picks" in the second round. Something about each team can spend like 5 million buying second round picks.
Then, last night, the Pels trade a 2nd rounder for 2 future second rounders and "cash consideration".
Does that "cash" get added to our salary cap for next year and reduced from the other's team cap?
Admittedly, I have realized this offseason that I really don't understand how this stuff works in the NBA.
Then, last night, the Pels trade a 2nd rounder for 2 future second rounders and "cash consideration".
Does that "cash" get added to our salary cap for next year and reduced from the other's team cap?
Admittedly, I have realized this offseason that I really don't understand how this stuff works in the NBA.
5
Posted on 6/21/19 at 11:00 am to LSUFanHouston
The Cash helps Gayle pay for Swin and Langdon's contracts.
Posted on 6/21/19 at 11:00 am to LSUFanHouston
teams typically can send out a max of 3 million a year in trades. If a team isn’t in interested in any particular prospect in the 2nd round or are strapped for cash, might elect to sell a pick to another team.
Golden State has bought a couple of second round picks the last few years
EDIT: Additionally, the cash is not included in the salary cap
Golden State has bought a couple of second round picks the last few years
EDIT: Additionally, the cash is not included in the salary cap
This post was edited on 6/21/19 at 11:02 am
Posted on 6/21/19 at 11:01 am to LSUFanHouston
quote:
Does that "cash" get added to our salary cap for next year and reduced from the other's team cap?
No.
The cash goes in the owner's pockets. (In reality, it is generally helped to offset some of the team's expenses that aren't revenue generators).
Posted on 6/21/19 at 11:02 am to Fun Bunch
That is how Shinn paid for his house.
Posted on 6/21/19 at 11:04 am to LSUFanHouston
“Cash considerations” = some amount between $1 and the cap per cash transactions between teams.
I think the cap for an entire season is $5m outgoing per team.
That money doesn’t go to the cap, though, it goes to the bottom line of the team.
In previous years, that just meant someone like owner George Shinn made more money.
This season? It helps offset all the investments in personnel and infrastructure Griff is making with Gayle Benson’s approval.
I think the cap for an entire season is $5m outgoing per team.
That money doesn’t go to the cap, though, it goes to the bottom line of the team.
In previous years, that just meant someone like owner George Shinn made more money.
This season? It helps offset all the investments in personnel and infrastructure Griff is making with Gayle Benson’s approval.
Posted on 6/21/19 at 11:37 am to teke184
quote:
That money doesn’t go to the cap, though, it goes to the bottom line of the team.
In previous years, that just meant someone like owner George Shinn made more money.
This season? It helps offset all the investments in personnel and infrastructure Griff is making with Gayle Benson’s approval.
Gotcha. Given all the picks we have and given all the changes, this seems like a smart thing to do.
Posted on 6/21/19 at 12:42 pm to LSUFanHouston
I love how everyone is okay with players being referred to as assets, but being referred to as an owner of an equity stake in a sports organization isn't acceptable.
Posted on 6/21/19 at 12:45 pm to garvatron
draft picks and money are assets
players are people
players are people
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