NBA Free Agency 2016

And most importantly, where will Kevin Durant end up?

I'll update the thread with some of the other deals going down...


The Lakers and Cavs free agent center Timofey Mozgov have finalized a deal worth $64 million over four years.
 

DeMar DeRozan has decided to re-sign with the Toronto Raptors. The deal with Toronto is five years and worth more than $139 million.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 
Best Response

DJ Augustin signed with the Magic Nicolas Batum re-signed with the Hornets Beal Bradley re-signed with the Wizards Jordan Clarkson re-signed with the Lakers Derozan re-signed with Toronto Andre Drummond re-signed with Detroit Tim Duncan exercised his option but is still contemplating retirement Al Jefferson signed with the Pacers Timothy Mozgov signed with the Lakers Hassan Whiteside has re-signed with the Heat

Supposedly the Warriors are interested in Dirk Nowitzki. Doesn't sound realistic to me.

In related news: O.J. Mayo has been dismissed from the NBA, because he violated the anti-drug program.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 
Matrick:
In related news: O.J. Mayo has been dismissed from the NBA, because he violated the anti-drug program.

Gotta love the eternal idiots. Nothing like throwing away millions of dollars - not to mention he barely deserves them in the first place with his poor play.

Commercial Real Estate Developer
 

Durant has reportedly narrowed his choices down to six teams: Oklahoma City, Golden State, San Antonio, Boston, Miami and the Los Angeles Clippers.

Regardless, Bun B has joined the campaign and wants to bring Kevin Durant to Houston.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

Because he was injured and then the Cavs switched up their system where they didn't play him. People forget how good he was in last years finals (arguably second best player on Cavs).

Also, you need to take into consideration the Cap increase this year and next year. 16 mill this year is equal to 10.5 mil last year. For reference Tyson chandler got paid 12-13 million last year. So, this deal sounds about right.

 
mCobb:

Notably overpaid players in NBA this Free Agent Season:

Matt Dellavedova 4 years $34.8 million
Evan Turner 4 years $70 million
Solomon Hill 4 years $52 million
Chandler Parsons 4 years $94 million

In breaking news: all four died of laughter after they signed their ridiculous contracts. NBA investigates how to treat cap space.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 
whattherock:

it's our time to enhance their wealth management.

The dream eh? But seriously, has anyone here ever looked into what these guys do in terms of wealth management? My knoweldge goes as far as ballers and that's it..
I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

most of them blow it. I know quite a few PWM guys who handle money for athletes and entertainers (musicians, promoters, agents, etc.) and most of the athletes get the first check, payoff their friends and family's debts, get themselves houses, get their family houses, and then wake up in 5-8 years as a middle of the road player with nothing left in their checking account.

the running theme seems to be live uber-rich for a few years rather than live well forever. other complicating factors are divorces and child support, but mostly what happens is they look at their income now and extrapolate that out forever. think about it, let's look at a 5 year deal for $50mm all guaranteed plus a 10y endorsement deal worth $150mm. sports agent gets 10-20% of the endorsement, and 3-5% of the contract, so at the high end, you're looking at 500k from the contract and 3mm from the endorsements paid to the agent PER YEAR. so from 25mm/yr you're down to 21.5mm. not bad right!

you're in a big metro area, so let's assume federal plus state taxes amount to 60%, you're looking at 12.9mm cash per year, pretty good, over a million bucks a month, you can definitely make ends meet there. most guys aren't going to buy right away, but let's say you rent something worth about $10mm, that's at least $50k/mo or 600k/yr. but you're going to not just want a home where you play, but also where you're from, right? double that figure, or maybe 1.5x instead of double.

uh oh, your mom's getting foreclosed upon, you need to help. good news is she only in a $200k house, but she wants to upgrade, so you clean up her debts and buy her a nice place. I mean, she can't live in a hood anymore right? add another 1.5mm to the tab for this year.

on top of that, all of your boys will come begging saying they helped you out back in the day, family members you've never heard of, business ideas from perfect strangers (think ideas of the same quality as kanye's donda chart), and you might be lucky to have a few million left each year. this assumes you don't have child support or buy multiple houses. the shitty thing about child support is they calculate it based on your income around the time of conception, so you could feasibly pay 5 figures a month even after you leave the league. sure, you can petition to get it lowered, but even if you do, if you don't understand how condoms work, you could be shelling out 5 of those checks a month to different mothers.

I could go on and on, but the smartest players live modestly, buy their homes for cash, and pocket as much of their money as possible. the best financial plan I've ever heard is gronkowski. he pockets 100% of his contract money and only spends endorsement deals (which are large in their own right). he will be fine financially forever. there are several success stories out there, but most people just get in over their heads expense wise, and end up broke once they get injured or their career takes a turn.

 

...and the frenzy continues... Jerryd Bayless signs with the 76ers (3yrs/27mm) Kent Bazemore re-signs with Hawks (4yrs/70mm) Mike Conley re-signs with the Grizzlies (5yrs/153mm) Jared Dudley signs with the Suns (3yrs/30mm) Evan Fournier re-signs with Magic (5yrs/85mm) Jeff Green signs with Magic (1yr/15mm) Jordan Hamilton signs with Brooklyn (2yrs/6mm) Dwight Howard signs with Hawks (3yrs/70.5mm) Joe Johnson signs with Jazz (2yr/22mm) E'Twaun Moore signs with New Orleans (4yrs/34mm) Joakim Noah signs with Knicks (4yrs/72mm) Mirza Teletovic signs with Bucks (3yrs/30mm)

There was a time I would have gotten excited to see Howard going to Atlanta and playing with a young, dynamic team. Nowadays I just wonder how someone can be so gifted and yet so underachieving.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

why does the NBA institute a salary minimum in addition to a salary cap?

With the new Salary Cap raise for this year, teams have no choice but to overpay this class of free agents in order to meet the threshold.

Imagine the impact on team chemistry and morale when Harrison Barnes becomes the highest-paid player on the Warriors

"Better to remain silent and be thought a fool than to speak out and remove all doubt." --Abraham Lincoln
 
The Warriors have reached out to free-agent guard Jamal Crawford. Crawford will likely leave Los Angeles after the Clippers low-balled him on their offer.
I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

Aaron Afflalo signs with Kings (2yrs/25mm) Courtney Lee has apparently signed with the Knicks?

Free-agent shooting guard Courtney Lee has agreed to a four-year deal with the New York Knicks, sources told ESPN's Ian Begley.

The deal is worth approximately $48 million, sources say, with all four years guaranteed. Basketball Insiders first reported Lee's decision to agree with the team.

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA
 

KD will sign a 1+1 with OKC. The $ he stands to make from this is valued at like $100 mil. It also gives OKC the chance to sign necessary players to ensure a championship caliber team (and they already have making moves with Oladipo). He'll then sign the highest NBA contract in history after that year with whichever team can position him for a ring.

 

I think a big problem with the NBA is that it is perceived that there is only one winner per year (the champions). Because of that, a lot of teams would rather tank for picks than try to go as an average, 8th seed playoff team. This obviously hurts the parity in the NBA and makes it a lot less competitive.

I think a way to fix this partially would be to incentivize competitiveness by partially tying team revenue to record (i.e. top seeds get a larger portion of revenues). Any thoughts on this?

 

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Commercial Real Estate Developer
 

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I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. See my Blog & AMA

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