Brian Grant Contract Question

 
Post new topic    LakersGround.net Forum Index -> LA Lakers Lounge Reply to topic
View previous topic :: View next topic  
Author Message
LakerJ40
Rookie
Rookie


Joined: 25 Jun 2005
Posts: 3

PostPosted: Fri Feb 24, 2006 8:46 am    Post subject: Brian Grant Contract Question

When we did the luxury tax waive of Brian Grant's contract did we also waive the right to trade his contract? So in the last year of his deal, does his contract become very valuable ala Penny Hardaway?
Back to top
View user's profile Send private message Reply with quote
sodapoppenski
Star Player
Star Player


Joined: 24 Apr 2005
Posts: 7364
Location: Washington, DC

PostPosted: Fri Feb 24, 2006 8:49 am    Post subject:

Essentially by "amnesty waiving" him, we lose the player, pay the contract,
but are not liable for any luxury tax it would have otherwise stuck us with.

We cannot trade it.

We pay the bulk of the contract, but a portion (small comparatively) of his
salary is paid by the team who signed him (Suns) based on a formula that
relates his original contract value to his new contract.
Back to top
View user's profile Send private message Reply with quote
LakerJ40
Rookie
Rookie


Joined: 25 Jun 2005
Posts: 3

PostPosted: Fri Feb 24, 2006 9:38 am    Post subject:

Thanks Soda.

Looks like we got screwed in that deal pretty bad. I mean why not keep the contract then we have a expiring contract to deal next year. And if we did not extend Kwame we would have over 20+ million in expiring deals next year.
Back to top
View user's profile Send private message Reply with quote
tgf5
Franchise Player
Franchise Player


Joined: 18 Jun 2005
Posts: 11579
Location: Canada

PostPosted: Fri Feb 24, 2006 9:57 am    Post subject:

LakerJ40 wrote:
Thanks Soda.

Looks like we got screwed in that deal pretty bad. I mean why not keep the contract then we have a expiring contract to deal next year. And if we did not extend Kwame we would have over 20+ million in expiring deals next year.


It was all about saving the money from luxury tax for Buss.
Back to top
View user's profile Send private message Reply with quote
Display posts from previous:   
Post new topic    LakersGround.net Forum Index -> LA Lakers Lounge All times are GMT - 8 Hours
Page 1 of 1
Jump to:  

 
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum






Graphics by uberzev
© 1995-2010 LakersGround.net. All Rights Reserved. Privacy Policy. Terms of Use.
LakersGround is an unofficial news source serving the fan community since 1995.
We are in no way associated with the Los Angeles Lakers or the National Basketball Association.


Powered by phpBB