Nets back in Hunt for Howard

[capstone21]

I don't know if this was already posted but Mirza Teletovic agreed to take less money making it avaliable to go after Howard again ESPN Insider: Two days ago the Brooklyn Nets reached a verbal agreement with Bosnian forward Mirza Teletovic on a three-year contract worth $15.675 million. By using the entire $5 million non-taxpayer mid-level exception, the Nets, under the rules of the new collective bargaining agreement, will have a hard cap of about $74 million for the 2012-13 season. The hard cap makes it impossible to trade for Dwight Howard, so Wednesday night the Nets and Teletovic agreed to make it a three-year contract that starts at the taxpayer mid-level amount of $3.09 million, reports the New York Post. This move means the Nets will not have a hard cap and it makes it possible to send out a package to acquire Howard from the Orlando Magic.

[Admin]

Wow that sucks!

[NekiEcko]

_{See, this is how NBA rolls!}

_{Oh well it was fun while it last it.}

[yungsta]

I dont see how its possible they can get dwight howard and fill out the roster. You have will have three guys with a 20 mil salary. plus gerald wallace is making 10 mil.

Edited July 5, 2012 by yungsta

[GameTime]

I dont see how its possible they can get dwight howard and fill out the roster. You have will have three guys with a 20 mil salary. plus gerald wallace is making 10 mil.

They could fill the rest of the team with Rec League players.

[thecampster]

They still can only send one of Humpries/Lopez. They need to trade similar salary and they don't have it.After our trade with them and given Humpries, Lopez aren't worth enough Teletovic, Williams, Wallace, JJ aren't tradeable and Brooks is only 1 million. They don't have the assets to pull off the trade.Williams, JJ, Wallace, Brooks, Teletovic are $54 alone. With cap holds they are over the cap. Salaries have to be within 150%. Meaning just to get Howard and take back no bad contracts Brooklyn has to give up about 13 million in salary. Their only assets are Brooks 1 million and Humphries/Lopez.Lopez has already said he doesn't want to go to Orlando. This is a non-story. Just journalist speculation.Brooklyn also won't have the cap space to sign him as a free agent next year.

[Plainview1981]

If they get Howard I might just say F-it.

They still can only send one of Humpries/Lopez. They need to trade similar salary and they don't have it. After our trade with them and given Humpries, Lopez aren't worth enough Teletovic, Williams, Wallace, JJ aren't tradeable and Brooks is only 1 million. They don't have the assets to pull off the trade. Williams, JJ, Wallace, Brooks, Teletovic are $54 alone. With cap holds they are over the cap. Salaries have to be within 150%. Meaning just to get Howard and take back no bad contracts Brooklyn has to give up about 13 million in salary. Their only assets are Brooks 1 million and Humphries/Lopez. Lopez has already said he doesn't want to go to Orlando. This is a non-story. Just journalist speculation. Brooklyn also won't have the cap space to sign him as a free agent next year.

Can't the owner spend as much as he wants?

[thecampster]

Let me make this simpler.Brooklyn has to want to trade. Orlando has want to trade. Orlando has said they want to give up their bad contracts. Brooklyn doesn't have the salary to send back to make it work.

[txsting]

I don't know if this was already posted but Mirza Teletovic agreed to take less money making it avaliable to go after Howard again ESPN Insider: Two days ago the Brooklyn Nets reached a verbal agreement with Bosnian forward Mirza Teletovic on a three-year contract worth $15.675 million. By using the entire $5 million non-taxpayer mid-level exception, the Nets, under the rules of the new collective bargaining agreement, will have a hard cap of about $74 million for the 2012-13 season. The hard cap makes it impossible to trade for Dwight Howard, so Wednesday night the Nets and Teletovic agreed to make it a three-year contract that starts at the taxpayer mid-level amount of $3.09 million, reports the New York Post. This move means the Nets will not have a hard cap and it makes it possible to send out a package to acquire Howard from the Orlando Magic.

Lemme get this straight. A Bosnian dude who I would guess has never made any real money before, allows the Nets to back out and takes a 40% discount, leaving $6M on the table? That smells fishy. I do not trust the Russian. Although I can believe that Billy King has such a tenuous grasp on the CBA that he honestly didn't know he was handcuffing his own team with the Teletovic deal. Thanks ESPN for pointing this out in language he could understand.

[AHF]

They still can only send one of Humpries/Lopez. They need to trade similar salary and they don't have it.

After our trade with them and given Humpries, Lopez aren't worth enough Teletovic, Williams, Wallace, JJ aren't tradeable and Brooks is only 1 million. They don't have the assets to pull off the trade.

Williams, JJ, Wallace, Brooks, Teletovic are $54 alone. With cap holds they are over the cap. Salaries have to be within 150%. Meaning just to get Howard and take back no bad contracts Brooklyn has to give up about 13 million in salary. Their only assets are Brooks 1 million and Humphries/Lopez.

Lopez has already said he doesn't want to go to Orlando. This is a non-story. Just journalist speculation.

Brooklyn also won't have the cap space to sign him as a free agent next year.

This is key. Lopez has to agree to a sign and trade. Otherwise, anyone can just sign him and he will be untradeable this summer for the Nets if they choose to match. He has said he won't go to Orlando so this pretty well hamstrings their trade efforts because Orlando would only want Lopez as a long-term replacement for Dwight.

[Jody23]

This is key. Lopez has to agree to a sign and trade. Otherwise, anyone can just sign him and he will be untradeable this summer for the Nets if they choose to match. He has said he won't go to Orlando so this pretty well hamstrings their trade efforts because Orlando would only want Lopez as a long-term replacement for Dwight.

But even if he signs an offer sheet an Brooklyn matches, can't they still trade him at the deadline for Howard?

[Admin]

They still can only send one of Humpries/Lopez. They need to trade similar salary and they don't have it. After our trade with them and given Humpries, Lopez aren't worth enough Teletovic, Williams, Wallace, JJ aren't tradeable and Brooks is only 1 million. They don't have the assets to pull off the trade. Williams, JJ, Wallace, Brooks, Teletovic are $54 alone. With cap holds they are over the cap. Salaries have to be within 150%. Meaning just to get Howard and take back no bad contracts Brooklyn has to give up about 13 million in salary. Their only assets are Brooks 1 million and Humphries/Lopez. Lopez has already said he doesn't want to go to Orlando. This is a non-story. Just journalist speculation. Brooklyn also won't have the cap space to sign him as a free agent next year.

Small correction but its not 150%, its 125% + 100k. Also, they could make a deal work with multiple trades. It was the hard cap that stopped them before but now that obstacle has been cleared. Lopez will probably find an anonymous envelope of cash in his mailbox to help sway him to accept the SnT.

[Bamalawdawg]

If the Bosnian takes the mini MLE they can fill out the roster with vet minimums. If they did the $5 mil, they will need to sign rookies only.

[Buzzard]

But even if he signs an offer sheet an Brooklyn matches, can't they still trade him at the deadline for Howard?

Yes they can. Which is why this Howard thing may drag out into the regular season. Can't blame the Nets, JJ, Deron, Howard gives any and all comers a run. JJ, Deron, Humphrie, Lopez may be enough to stay in the hunt until Lopez can be traded. Edited July 5, 2012 by Buzzard

[thecampster]

Small correction but its not 150%, its 125% + 100k. Also, they could make a deal work with multiple trades. It was the hard cap that stopped them before but now that obstacle has been cleared. Lopez will probably find an anonymous envelope of cash in his mailbox to help sway him to accept the SnT.

didn't the new CBA change it to 150%?

"1. It will be easier to make trades. Under the old labor agreement, the salaries of the traded players had to be within 125 percent (plus 100K) of each other. That will remain the case for taxpaying teams, but the new agreement also makes it muuuuch easier for non-tax teams to swing uneven trades. For those teams, it is 150 percent (plus 100K) of the salaries being traded, or the 100 percent of the salaries being traded plus $5 million. The limit on the amount of cash that can be included in a trade remains $3 million — but teams are now limited to trading $3 million in cash per season. So you can’t just dump $3 million into every trade as you could in the past."

http://www.sheridanhoops.com/2011/11/28/two-new-trade-rules-in-the-new-cba/

[Buzzard]

didn't the new CBA change it to 150%?

"1. It will be easier to make trades. Under the old labor agreement, the salaries of the traded players had to be within 125 percent (plus 100K) of each other. That will remain the case for taxpaying teams, but the new agreement also makes it muuuuch easier for non-tax teams to swing uneven trades. For those teams, it is 150 percent (plus 100K) of the salaries being traded, or the 100 percent of the salaries being traded plus $5 million. The limit on the amount of cash that can be included in a trade remains $3 million — but teams are now limited to trading $3 million in cash per season. So you can’t just dump $3 million into every trade as you could in the past."

http://www.sheridanh...in-the-new-cba/

Yep it was increased and if not for the substantial luxury tax penalty that was added, it is easier for rich teams to get richer by taking back even more!

[thecampster]

But even if he signs an offer sheet an Brooklyn matches, can't they still trade him at the deadline for Howard?

Players signed in the offseason have to wait until Dec to be traded if the signing wasn't specifically a sign and trade. This is why you can only sign-trade one at a time. At the point of your signing, you have to be a part of a deal with all assets agreed upon. So you can't "add" another sign and trade after the first because the 2nd sign and trade wasn't an asset. The CBA rejects the ability to trade bird rights which is in effect what you are doing if you sign one to trade then sign the other in the same trade. Has to be 2 separate deals.

[Jody23]

Yes they can. Which is why this Howard thing may drag out into the regular season. Can't blame the Nets, JJ, Deron, Howard gives any and all comers a run. JJ, Deron, Humphrie, Lopez may be enough to stay in the hunt until Lopez can be traded.

Exactly Buzz and that's why Dwight will eventually be a Net. I think Dwight and the Nets will put the squeeze on the Magic by the deadline because Dwight will absolutely refuse to resign with any team he is traded to other than the Nets and that alone is going to scare off any other team. At that point, it will be a trade with the Nets or watch Howard walk for nothing. I think the Magic will eventually blink.

[Admin]

didn't the new CBA change it to 150%?

"1. It will be easier to make trades. Under the old labor agreement, the salaries of the traded players had to be within 125 percent (plus 100K) of each other. That will remain the case for taxpaying teams, but the new agreement also makes it muuuuch easier for non-tax teams to swing uneven trades. For those teams, it is 150 percent (plus 100K) of the salaries being traded, or the 100 percent of the salaries being traded plus $5 million. The limit on the amount of cash that can be included in a trade remains $3 million — but teams are now limited to trading $3 million in cash per season. So you can’t just dump $3 million into every trade as you could in the past."

http://www.sheridanhoops.com/2011/11/28/two-new-trade-rules-in-the-new-cba/

Now that might be the case as I haven't seen much on the new CBA and the trade machine hasn't updated from the 125k rule previously used.

[Jody23]

Players signed in the offseason have to wait until Dec to be traded if the signing wasn't specifically a sign and trade. This is why you can only sign-trade one at a time. At the point of your signing, you have to be a part of a deal with all assets agreed upon. So you can't "add" another sign and trade after the first because the 2nd sign and trade wasn't an asset. The CBA rejects the ability to trade bird rights which is in effect what you are doing if you sign one to trade then sign the other in the same trade. Has to be 2 separate deals.

But they can still trade for Howard using Lopez at the trade deadline right?