If you are Dirk Nowitzki, it makes a lot of sense to opt out of the last year of your deal. You’ll lose a little money in the short term to make it back in the long haul over the next few years.
Richard Jefferson used that logic in opting out of his deal with the San Antonio Spurs. But the same rules of supply and demand do not apply to him, and he’s about to learn that the hard way.
Jefferson opted out the $15.2 million he was due next year, according to KSAT news in San Antonio. This came as a surprise to just about everyone.
Jefferson is going to find the market unforgiving. After an unimpressive season where he his scoring dropped by seven points a game, his three point shooting fell way off and his PER dropped below the league average, there is just not going to be a lot of demand for Jefferson’s services. He has not really wowed for a couple years, and teams are going to be hesitant to spend on him.
It is very easy to picture Jefferson getting no better offer than the mid-level exception, about $5.6 million. He’ll probably get an offer for about three years, all of which combined barely covers the $15.2 million he would have made just this one year.
Jefferson just threw away a lot of money if this report is true. Maybe he did it because he wasn’t really happy, just not fitting in with San Antonio. Maybe. But that’s still a lot of money to leave on the table.
Spurs took a gamble on him last year and felt let down by the results, but now they get bailed out of paying the steepest price. They also just dropped below the salary cap by about $5 million and have a little more room to maneuver to improve a team that needs to get more athletic. If they were to trade Tony Parker to the Knicks just for cap space, they would suddenly have bout $14.7 million to play around with. Not that they plan to move Parker, but the number of options available to the Spurs just increased dramatically.
Free agency hasn’t even started and RC Buford feels like he’s won.
ATLANTA (AP) A year ago, Atlanta’s magical season ended with a resounding sweep by Cleveland in the Eastern Conference final.
Now, the Hawks have another shot at LeBron James and the Cavaliers.
Feeling confident after an opening-round victory over Boston, the Hawks returned to practice Saturday to begin preparations for the best-of-seven series.
Game 1 is Monday night in Cleveland.
The Hawks were the top-seeded team in the East last season after a record 60-win campaign. It didn’t do them much good against the Cavaliers, who steamrolled Atlanta in four straight games.
Even though they slipped to 48 wins and fourth in the conference, the Hawks actually sound a bit more confident heading into this matchup, largely because of their improved defense and rebounding.
For the second consecutive year, the Warriors have lost their lead assistant to another team. When the Pelicans hired Alvin Gentry during last year’s playoffs, Steve Kerr promoted Luke Walton to associate head coach and added former journeyman big man Jarron Collins to the bench. Now that Walton is headed to the Lakers as their next head coach, the Warriors will go outside the organization to find a replacement, according to ESPN.com’s Marc Stein. And one name that will likely not be in the mix is David Blatt, who very nearly became an assistant under Kerr in 2014 before being offered the Cavaliers’ head job.
Given Walton’s success this season as interim head coach while Kerr recovered from back surgery, this will undoubtedly be the most attractive assistant job in the league.
In the last few years, NBA head coaching salaries have skyrocketed, and new Lakers coach Luke Walton is no exception. According to the Los Angeles Times‘ Mike Bresnahan, Walton is getting $25 million over five years, which is the same as Steve Kerr’s deal with the Warriors, now-former Knicks coach Derek Fisher’s deal in New York, and Fred Hoiberg’s deal with the Bulls.
This kind of money has become standard for head coaches who don’t also have front-office power. Tom Thibodeau and Stan Van Gundy both get between $7 and $8 million annually to do both jobs. Given how good Walton’s current situation with the Warriors is, the Lakers probably had to be on the high end of the coaching spectrum to get him to leave.
On Friday night, the Lakers announced that they’re hiring Luke Walton as their next head coach, effective as soon as the Warriors’ playoff run is over. It’s a good hire, but it’s especially interesting given Walton’s close relationship with Phil Jackson and the rumors that never seem to go away, that Jackson might be set up to return to the Lakers to run the team alongside fiancée Jeanie Buss after next season, when he has an opt-out in his contract with the Knicks.
But that doesn’t mean Walton will be running the triangle, as he said in his first comments to reporters since the news broke.
Via the Orange County Register‘s Bill Oram:
Regardless of whether Jackson eventually gets back in the picture in Los Angeles, Walton has been a successful assistant in Golden State and has the right temperament to lead the Lakers into the post-Kobe era.