Those terrible NBA contracts are not why there is a lockout

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Eddy Curry made $11.2 million last season to do nothing. Gilbert Arenas made $17 million and as three more years on his deal left. Joe Johnson just got more money than LeBron James. And the list goes on and on — did Luke Walton earn $6 million last season?

It is easy to talk about economic dysfunction in the NBA and point to the horrific contracts that seem to be on every team’s roster and say “if the team had just not given out that contract we’d be fine and there wouldn’t need to be a lockout.”

Wrong.

Tim Donahue has been doing a great series of stories on the lockout details over at the Pacers blog Eight Points Nine Seconds. In the latest installment looks at the good and bad contracts around the league in fantastic detail — then reminds everyone that those contracts, while bad for the individual teams, do not change the overall picture.

The players get 57 percent of the basketball related income that comes in to the league. No matter what the owners do.

In 2010-2011, negotiated salaries totaled about $2.02 billion. If my lists above are reasonable, about 37% of that sum was tied up in bad or under-performing contracts. If you assume that only half of that 37% can be considered “wasted” money (because those players of course did offer some production), it means the owners threw away about $375 million in salaries.

Yet, they still had to write a check for $26 million to reach their 57% promise to the players. What this means is that if the owners had made none of their myriad mistakes, they would have realized a savings of … wait for it …

Zero dollars. Yep.

Had the owners been as smart and efficient as they possibly could have been when signing players it would not have provided any savings whatsoever. It merely would have resulted in a larger check being written to the players — even after the escrow payout — to fulfill the 57% of BRI that players are guaranteed under the system currently in place.

I don’t agree with everything Donahue says — he suggests this negates the idea the owners want to protect themselves from themselves with this new CBA. Actually, they do want that, but it is separate from the BRI argument. They want shorter contracts and non-guaranteed deals (or at least ones with buyouts on the back end of deals) so they can get out of terrible contracts they agree to. They want a “get out of jail free” card on those bad deals we all know about.

Also, the cost of players did not force owners to increase spending on non-player expenses at a rate that was faster than revenue growth.

Still, being smarter about contracts would not change the bottom line for a lot of teams. Whether they pay it out in bad contracts or a supplemental check at the end of the season, they’d be paying out 57 percent of the gross to the players either way. Which is why we keep saying to watch the BRI split numbers as the negotiations move forward. Everything else — hard cap, contract length, guaranteed deals — are a slave to the BRI (and how the BRI is defined, the players want to keep it gross revenue, the owners want some expenses removed from it). When that is solved, everything else falls into place fairly quickly.

They are a long way from agreeing on any of that. But at least they are going to talk in the next few weeks.

After four years out of NBA, Pacers give Damien Wilkins chance to return

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Consider this the most unexpected signing of the summer.

The last time we saw Damien Wilkins in the NBA, the 6’6″ wing out of the University of Georgia was finishing his ninth NBA season, averaging 6.4 points per game and shooting 33.3 percent from three. He looked like a guy who was done at the NBA level. Since then he has played in China, Spain, and the D-League.

The Pacers are giving him another crack to make an NBA roster. They have signed 37-year-old Wilkins to a non-guaranteed deal, reports the Indy Star.

The Indiana Pacers agreed to a one-year, non-guaranteed veteran minimum deal for close to $2 million with small forward and shooting guard Damien Wilkins, a league source confirmed to IndyStar.

The Pacers have 14 guys on the roster already, and they have at the wing Victor Oladipo, Lance Stephenson, Rodney Stuckey, Bojan Bogdanovic, and Glenn Robinson III, it will be tough for Wilkins to crack that rotation.

But he’ll get his chance, and having a desperate veteran pushing guys in camp never hurts. Maybe he can impress enough in camp that if the Pacers don’t want him another team might. It’s a foot in the door, and that’s all Wilkins can ask at this point.

Watch the Top 10 dunks from the NBA Summer League

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Summer League, at its core, is athletic young players in sloppy games.

That leads to massive dunks. Here are the top 10, which John Collins deserving the top spot.

Report: Carmelo Anthony willing to waive $8 million trade kicker for Rockets

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Carmelo Anthony does not want to return to the Knicks. The Knicks want to trade Carmelo Anthony. The Houston Rockets would like to trade for Carmelo Anthony.

So far all that will has not gotten a deal nearly as close to done as has been reported, I was told by sources. There are major hurdles, and the Knicks don’t like the offers they’ve gotten so far, which is why they pulled back (not because of the Scott Perry hiring or some desire to change Anthony’s mind). As has been reported before, Anthony is willing to waive his no trade clause for the right team to get the deal done, Adrian Wojnarowski of ESPN said on The Jump.

“My sources tell me he’s willing to waive the trade kicker, which is worth around $8 million, so that makes a little easier for Houston to do a trade.”

That’s nice. It doesn’t solve the core problem with a Rockets’ trade.

The Rockets are over the cap so the only way this trade gets done is they send out enough salary to match and create space for Anthony. The Rockets could do that with a combination of Eric Gordon, Clint Capela, Trevor Ariza, and some expiring deals, but that cuts way too deeply into the roster and hurts the Rockets more than it helps. What the Rockets need to do in this trade is move Ryan Anderson, and his three-years, $60 million — except the Knicks don’t want that contract on their books (even though Anderson is a good player when healthy). So now the two sides are trying to find a third team that would take on Anderson’s contract, but the Rockets are going to have to give up sweeteners — a couple first round picks or a pick and a quality young player — that they don’t have to get the deal done. So enter a fourth team to get the sweeteners, but that team will want things back, and quickly the house of cards falls apart.

On top of all that, the Knicks still don’t think they’re getting enough back in the trade to want to do it. Yet, anyway.

Over on the left coast, there is Portland saying “look at us, look at us!” They would be willing to trade for Anthony, as C.J. McCollum and Damian Lillard have made clear.

One massive problem with that: Anthony has not been interested in waiving his no trade clause for anyone but Cleveland and Houston.

If he changes his mind — and that’s a huge, unlikely “if” — maybe a deal could be found. The Blazers already have a top-five payroll in the NBA (may be top two when all is said and done) and that means they have to send out salary as well, someone like Evan Turner and Meyers Leonard (moving Allen Crabbe is the dream, but also highly unlikely). The Knicks could have interest in Turner, the Blazers have picks to throw in, and if a third team picked up Leonard maybe we’re close to something. But until Anthony makes it clear he would accept a trade to Portland, something he has yet to do, this is all a moot exercize.

But hey, Anthony will waive his trade kicker. So there’s that.

Can Stephen Curry shoot the ball into the sun roof of a car? Did you even need to ask?

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Stephen Curry has been getting up buckets the past week, working on his game. Sort of. It’s been a bit unconventional.

First, he finished off an alley-oop pass from Tony Romo on the American Century golf course in Lake Tahoe.

Then on Thursday he was filming an Infinity car commercial and had to shoot one into the sun roof from what looks to be 15-20 feet away. He drains it.

Of course he made that, he’s basically the Meadowlark Lemon of a new generation, but without the hook shot.