Popular Post thecampster Posted July 10, 2019 Popular Post Report Share Posted July 10, 2019 So the story on Bruno Fernando's signing is the Hawks front loaded his contract. $1.4 million year 1 then the league minimum the next 2 years. The classy part. By front loading the contract, the Hawks are 1) saying we believe in you rook and 2) giving him the money to completely focus on basketball, afford trainers, etc A common but less understood thing in the NBA is the plight of 2nd round rookies having less money (albeit a huge salary) than the 3/4/5+ year players. They have to pay for everything up front, house, transportation, etc and paying for all that out of pocket is difficult. By front loading it, they release the stress on the rookie year one. These little things other players look at and will see the Hawks as classy. Its the sign of a forward thinking operation. The savvy part. By front loading they help themselves as well by keeping their salary lower in years 2 and 3, the Hawks create more salary space for future deals/trades/signings. This is a great deal all around. 14 Link to comment Share on other sites More sharing options...
warcore Posted July 10, 2019 Report Share Posted July 10, 2019 Love it. Feel like this should be done more than it happens. Woulda been smart to offer Dedmon a front loaded contract to put us at the cap this year but still have tons of room next two. 2 Link to comment Share on other sites More sharing options...
Popular Post thecampster Posted July 10, 2019 Author Popular Post Report Share Posted July 10, 2019 Truly if you think of the average NBA 2nd round rookie. They spend 1-4 years in college not allowed to make any personal money. Nearly no part time job money, heads stuck in books as much as possible to qualify, in the gym every hour required and head home to see family whenever possible. They usually come in broke and leave in debt despite the scholarship. Although $800k sounds like a lot, here are a list of things he has to do with that money. 1) Repay anyone who supported them ....these deals exist with family, under the table from undesirables, etc. 2) Move a much larger percentage into a retirement plan than you and I would in order to secure life after the NBA (many wash out within 3 years). 3) They need to account for security. Unfortunately, they need to take precautions as they are targets the second they are drafted. They need a gated community, secured apartment, etc. They usually need someone to shop for them as it isn't safe or smart to go to the Kroger or go hiking on the Silver Comet. They need safe places to work out, sleep, eat, etc. All that costs more money. 4) With no credit established, they need to rent an apartment or buy a house. Meaning bigger down payments than someone with a 2 year job and other considerations. Typically its an apartment at first because they can't be troubled to cut grass, cook, paint. 5) Furniture, furnishings, tv, etc. 6) Transportation. No...Bruno is not taking MARTA to the Farm....it is not happening. Now he doesn't "need" a BMW i8 but a new car without credit established he'll need to pay cash or a huge down payment. Also, single man insurance and fuel...all things he has no experience in most cases paying for. 7) Taking care of momma or the baby momma or just a girl. They all have one or both or all 3. In many cases, all of their first paychecks are gone before game one and they live on per diem. Basically everything you and I took 5 or 6 years acquiring after high school, he needs in 3 months. This is a truly classy move by the Hawks. 7 Link to comment Share on other sites More sharing options...
NBASupes Posted July 11, 2019 Report Share Posted July 11, 2019 Thecampster killing it elite posts 1 Link to comment Share on other sites More sharing options...
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