Clean wrote:DLeethal wrote:martin wrote:DLeethal wrote:martin wrote:DLeethal wrote:Clean wrote:DLeethal wrote:Clean wrote:
This part is what I was talking about before. He will make that money back anyway on his next deal. So instead of a paycut it is a payment deferred.
If he signed the big extension now and bigger extension later would that 100M still not be left on the table? Don’t really see how the fact that he can sign a big deal later changes anything about what he can sign now.
With him signing now his next extension he will be a 10 year vet(a huge money increase). Plus the raises in the cap will increase his pay even more. He will be making like 81mil a year. If he signed next year he would lose a year of that huge money and be able to get an extension on his 11th year. So things will even out anyway but signing the extension now helps the team a hell of a lot more.
“Evening out” still seems like a massive stretch. He’s taking a 100M paycut in his prime and it evens out because he can sign his latter mega deal, which still has lots of uncertainty and risk attached to him, 1 year earlier?
Over the next 8 years Brunson will net nearly the same total as taking the smaller $ up front and then back loading most of the rest. If that is not your baseline assumption than you are talking about 2 different things quite frankly.
If you only think of this in terms of the first 4 years, of course it is different.
If you think like Brunson, he is able to add one of his groomsman and probably the other groomsman from last year on to his team for the difference in what he’ll make over 8 years.
So, less money now plus DDV and Mikal or the whole enchilada and only chill with Josh while not having as much to run to the finals with.
If you can’t look at it this way, you are missing out on hanging with ya boys while already being fatter rich than you own head is fat.
Why can't he take he take the bigger $ up front and still backload the rest though?
Using simple math ...
Sign 4 years 150 now, then 5 years 400 for the following 5 years
Sign 5 years 250 next year, then 5 years 400 for following 5 years
Not sure what I'm missing, outside of that 100M still being gone and Brunson getting deeper into his 30s off that second mega deal by waiting a year.
Actual math that make sense. Your numbers are not correct. Clean put out a video. Go catch a Fred article. Drink something heavy. It’s Friday night.
I watched the video. It doesn't say anything outside of he can catch his 10 year extension on the 10th year with this set up. I fail to see how that explains him somehow making up that 100M on the backend. He can make the same amount of money on the backend.
He is not giving up 100mil the actual saving is only 37mil. When Woj says 113mil guaranteed he is talking about over the length of the 1st contract. The thing he is not saying is if he signs the contract early its shorter so he can get a new contract faster. The new contract will be way bigger for the overlapping years that the contract he would have had if he waited was. The difference in the 2nd contract overlapping years vs the delayed 1st contract is what make it so Brunson is making back the lost money. I hope I answered that in a way that was easy to understand.
This chart that Woj also tweeted that shows the actual savings is 37mil. The actual paycut is on the right side.
Understood about the overlapping year but on the tail end of his career there will be a big hit also by not waiting. Would be like CP3’s mega deal ending a year early and replacing a 50M contract with 8-10M at age 35 or whatever. And either way we will have to see if Brunson’s goal is to ever get a mega deal or keep giving the team flexibility to continue the winning.
“Career ending injury” is extreme but rapid deterioration via injury or other circumstances or simply falling well out of max territory in 4 years is not extreme at all. Look at Klay, Zach Lavine, Isiah Thomas, Kemba Walker. List is long and risk is high.
Panos wrote:FrenchKnicks wrote:martin wrote:Panos wrote:Clean wrote:
This part is what I was talking about before. He will make that money back anyway on his next deal. So instead of a paycut it is a payment deferred.
If he has a career ending injury in the next 3 years, that extension and $100m never hits. So no.
Someone needs to send this to Brunson in case he didn;t realize it. Sam prob forgot to tell him.
how many career-ending injuries; have you seen a 30yo get in the NBA ? Risk is low IMHO
in the same logic, he could get a career-ending injury THIS YEAR, so he really secures 150mil with his new extension which you also have to factor in the decision
I;m just saying this looks like a very smart business decision by him, not a 100mil gift the NY Post is writing about
This is true, I agree. And his 150 mil is multi generational wealth
Or at least a couple of unhinged weekends.
So how much credit do we give Dolan for JB's extension?
martin wrote:DLeethal wrote:Clean wrote:DLeethal wrote:Clean wrote:
This part is what I was talking about before. He will make that money back anyway on his next deal. So instead of a paycut it is a payment deferred.
If he signed the big extension now and bigger extension later would that 100M still not be left on the table? Don’t really see how the fact that he can sign a big deal later changes anything about what he can sign now.
With him signing now his next extension he will be a 10 year vet(a huge money increase). Plus the raises in the cap will increase his pay even more. He will be making like 81mil a year. If he signed next year he would lose a year of that huge money and be able to get an extension on his 11th year. So things will even out anyway but signing the extension now helps the team a hell of a lot more.
“Evening out” still seems like a massive stretch. He’s taking a 100M paycut in his prime and it evens out because he can sign his latter mega deal, which still has lots of uncertainty and risk attached to him, 1 year earlier?
Over the next 8 years Brunson will net nearly the same total as taking the smaller $ up front and then back loading most of the rest. If that is not your baseline assumption than you are talking about 2 different things quite frankly.
If you only think of this in terms of the first 4 years, of course it is different.
If you think like Brunson, he is able to add one of his groomsman and probably the other groomsman from last year on to his team for the difference in what he’ll make over 8 years.
So, less money now plus DDV and Mikal or the whole enchilada and only chill with Josh while not having as much to run to the finals with.
If you can’t look at it this way, you are missing out on hanging with ya boys while already being fatter rich than you own head is fat.
There are various assumptions being made to come up with an equivalency in money. There is no guarantee that a +30 year old Brunson will be paid $81M per year in the future in a 10 year vet max agreement. There is also the time value of money to consider. Invested revenue and assets are worth more up front rather than on the back end just purely due to interest. Example...if you take $10M per season extra up front over 3 years and make a simple 5% fixed investment, it would yield a compounded to equal $33M+ rather than recieving the $30M at the back end.
He is both taking one for the team and gambling on himself for the future. Not many athletes do this as their careers are relatively short. Gives the team more flexibility over the next few years and can keep us under the 2nd Apron. Might even let him play with his college buddies for more years. Great to have him do this for his mates and the Knicks.
KEEPCAMBYNY wrote:One quick undisputed fact: The Knicks have been contenders every single year that Rick Brunson has been with the Knicks organization. Which is why he too will be signing a $30 million dollar extension as an assistant coach. 
Pay this beast!
Dolan should get some kudos as he signs all the checks!
James D. is like Beetlejuice... If you say his full name 3x, he'll start appearing in the headline again.
Dolan sitting courtside in Vegas. Looks miserable.
