CashMoney wrote:Bonn1997 wrote:misterearl wrote:"I know there was a lot of stuff said about me not liking Jeremy Lin. I love the story and his success. But the way I looked at him, I thought he was a terrific backup. I think Jeremy Lin making $15 million or more ... it's almost a max contract, the third year. (It) wouldn't have been a good business decision." - Larry Brown
He obviously doesn't understand the stretch provision.
Great investment. Pay a guy $15 million and if it doens't work out simply waive him and pay him $5 a year for 3 years. It's still $15 million but it's ok since the payments are spread out?
Then you save luxury tax $$$. 5 mil/per is pocket change for Dolan. And that's the absolute worst case scenario anyway.
lol 5mm is pocket change to no one, not even warren buffet.
Bonn1997 wrote:CashMoney wrote:Bonn1997 wrote:misterearl wrote:"I know there was a lot of stuff said about me not liking Jeremy Lin. I love the story and his success. But the way I looked at him, I thought he was a terrific backup. I think Jeremy Lin making $15 million or more ... it's almost a max contract, the third year. (It) wouldn't have been a good business decision." - Larry Brown
He obviously doesn't understand the stretch provision.
Great investment. Pay a guy $15 million and if it doens't work out simply waive him and pay him $5 a year for 3 years. It's still $15 million but it's ok since the payments are spread out?
Then you save luxury tax $$$. 5 mil/per is pocket change for Dolan. And that's the absolute worst case scenario anyway.
Wouldn't you still pay luxury tax on the $5M/per for each of the 3 years? Or does the luxury tax go completely away if you waive the guy.
I would assume that the $5M per also still counts against the cap, which is a hit for the team too.
martin wrote:Bonn1997 wrote:CashMoney wrote:Bonn1997 wrote:misterearl wrote:"I know there was a lot of stuff said about me not liking Jeremy Lin. I love the story and his success. But the way I looked at him, I thought he was a terrific backup. I think Jeremy Lin making $15 million or more ... it's almost a max contract, the third year. (It) wouldn't have been a good business decision." - Larry Brown
He obviously doesn't understand the stretch provision.
Great investment. Pay a guy $15 million and if it doens't work out simply waive him and pay him $5 a year for 3 years. It's still $15 million but it's ok since the payments are spread out?
Then you save luxury tax $$$. 5 mil/per is pocket change for Dolan. And that's the absolute worst case scenario anyway.
Wouldn't you still pay luxury tax on the $5M/per for each of the 3 years? Or does the luxury tax go completely away if you waive the guy.
I would assume that the $5M per also still counts against the cap, which is a hit for the team too.
No it would be great it would eat cap space instead
