Winderman: Why agents are pushing overseas options

Leave a comment

The flights are mostly one way, west to east. Everyone seemingly is going to Europe or beyond, amid the lockout.

We appreciate the incentive for the players, the opportunity to stay sharp, find competition, earn a few pennies on their typical NBA dollars.

But they are not alone in this process.

It also is one driven by agents, who also need to continue the cash flow.

So how does it work for them?

He’s how, according to a couple of agents well-versed in the process:

Foremost, unlike NBA deals, where the agent cut is limited to four percent, agents typically claim 10 percent on overseas deals. At times, that percentage is split with an overseas agent.

“The agent fee is 10 percent, paid by the team, not paid by the player,” one agent said, requesting anonymity due to ongoing contentiousness in the process. “So if a player goes over and now he’s getting $100,000, there’s an agent fee of $10,000 that the team pays. Now, sometimes, that gets broken up, there’s a broker overseas, without even getting back into kickbacks.”

The agent, though, did get into kickbacks, noting it is not out of the question for an agent to request a 15-percent fee, so he still winds up with the 10 percent after paying off his overseas associate.

Another agent, who deals with mostly secondary-level talent, said the contracts signed by the players are for the full amount offered, unlike in the NBA, where agent and other fees are then removed.

“If it’s a $200,000 contract, he’s netting $200,000 in cash,” he said. “The team is paying the tax on that. So he’s getting $200,000 in cash. The agent is getting $20,000.”

Of course, that’s if the players or the agent get anything, based on some of the sketchy payment practices overseas.

“Stupid people like me wait and sometimes the player doesn’t get his money and therefore I don’t get my money,” said the agent who represents secondary-talent players. “So it can happen.”

Because of that, there has been a push among agents to receive payment up front for those headed overseas amid the lockout.

“Well, let’s use a practical example, Deron Williams,” the agent who represents high-end talent said. “OK, so he’s making, let’s probably say $500,000 U.S. a month. You’re getting at least three months out of him if the lockout continues, that $1.5 million. So you might ask for $150,000 up front, sure.”

Both agents said they would be reluctant sending players assured of significant future NBA earnings overseas, even if it meant lost fees.

“Obviously,” the high-end agent said, “I’m going to have issues if I don’t make any money here. But the fact is here I’ve got a fiduciary obligation, I can’t advise somebody the wrong way.”

Said the agent who represents second-tier talent, “The thing that’s just fascinating to me is the first guy that’s injured, whoever goes, it’ll be interesting to see what happens.”

Ira Winderman writes regularly for NBCSports.com and covers the Heat and the NBA for the South Florida Sun-Sentinel. You can follow him on Twitter at http://twitter.com/IraHeatBeat.

Serge Ibaka is dunking and Giannis Antetokounmpo isn’t going to stop him. Twice. (VIDEO)

Leave a comment

The Toronto Raptors had their best half of their first-round series against the Bucks, taking an early lead and, despite a little shooting slump midway through the second they were up nine at the half.

That was all topped off by two emphatic Serge Ibaka dunks. Ones Giannis Antetokounmpo wasn’t going to stop.

Ibaka dunked around him more than over the Greek Freak, but still.

Stephon Marbury is parting ways with Beijing Ducks after three titles

Leave a comment

Stephon Marbury is big in China — he has his own statue and a play in his honor.

In six seasons he led the Beijing Ducks to three titles, but eventually rebuilding hits every team and it is coming to Beijing. Which means that while Marbury wants to stay in China beyond this season he is essentially a free agent. Here are the details, via shanghaiist.com (this has been confirmed by other sources).

The 40-year-old former NBA All-Star had a contract with Beijing for the next season that included an unusual clause allowing the team to decide if Marbury — known to fans as “Old Ma” — would return as a player or as an assistant coach. Marbury has said that after his playing days are over, he wants to coach in China; however, he still feels he could play for one more year.

But, after missing the playoffs this past season, Beijing is looking to rebuild and didn’t want their aging superstar clogging up a precious foreign player roster spot. The Ducks announced at a press conference on Saturday that after being unable to negotiate a deal, they were going to terminate Marbury’s contract.

Marbury put out a letter to fans on Weibo — a Chinese social media site — that Shanghaiist excerpted.

Second, we did not make the playoffs in the past season, as a player who always want to win and work hard to prepare myself for winning, it’s very hard to accept the way the season ended. Though I am 40 years already, I still work very hard to keep my body right, I can still play at a very high level, I am sure all the fans could tell from last season I’m still capable of playing. I was still able to lead the team to compete, even with an injured leg. I pulled my hamstring at the beginning of the season and I still played and put everything on the court because that’s who I am. I want to play, I love to compete, I [pursue] winning all the time, l love basketball because it’s my life, I still have a lot in the tank that [makes] me really want to play for another year. I want to dedicate this last year of my career in the best way possible on the court for the CBA, then I’ll retire and work as a coach to help the basketball here for the rest of my life.

Marbury had a 13-year NBA career (and was a two-time All-Star) but things got a little messy for him around the end of his career in the Association. Then he found a second life in China. A lot of Western players struggle to adjust to a very different culture and environment in China — not to mention a different style of basketball — so the league has a high drop out of Western players

However, Marbury has thrived. He’s found a second home.

I have to imagine a lot of teams would leap to get a draw like him on their team for a season.

Report: NBA to announce All-NBA Teams early, because of salary cap reasons

Leave a comment

The NBA’s Most Valuable Player award will not be announced until an awards ceremony June 26 on TNT — after the NBA draft, and after the NBA playoffs that will shape the narrative of the award even though voting will have been completed more than two months earlier. Same for Defensive Player of the Year, Coach of the Year, Rookie of the Year and on down the line.

But not the All-NBA Teams, those are coming sooner — because teams want it that way.

The easiest example is the Indiana Pacers: If Paul George makes an All-NBA team they can offer him a designated veteran contract worth roughly $80 million more than any other team. However, if he doesn’t make a team the Pacers need to worry about him leaving as a free agent in 2018, and they may try to trade him. The best time for that trade might be around the draft — Indiana may be able to secure a high pick from a team near the top of the draft in a trade. However, if the Pacers didn’t know if George made an All-NBA team by the draft they wouldn’t make that move.

So the NBA is announcing early, a story broken by Tim Bontemps of the Washington Post.

To allow for its teams to have all the necessary information to make offseason preparations, the NBA will announce its all-NBA teams before its inaugural awards show in late June, according to league sources.

Because of the newly created Designated Player Exception, which relies on players making, among other things, one of the three all-NBA teams to qualify, decisions about whether players — such as Indiana Pacers star Paul George, for example — will be willing to remain with their current team or be open to being traded elsewhere could be based upon whether a player is voted on to one of the teams.

Smart move by the NBA. There are also bonuses and other impacts on salaries based on end of season awards that will alter the salary structure of teams heading into free agency.

Larry Bird delivers Pacers’ 2021 All-Star bid in IndyCar

1 Comment

NEW YORK — Indiana wants the NBA All-Star Game and sent Larry Bird to get it – in an IndyCar

Bird drove four blocks down Fifth Avenue in his car Monday to deliver the Pacers’ bid to host the 2021 game to NBA Commissioner Adam Silver, fitting his 6-foot-9 frame into a car usually driven by much shorter people.

Bird, an Indiana native and now the Pacers president, had driven an IndyCar only once, during his practice for his drive Monday.

Drawing a crowd of a couple hundred spectators, he maneuvered along the left lane, exited his yellow and blue “Larry Bird” car and called it a “little rough ride” because of his big feet and the car’s small pedals.

Silver says the Pacers, who hosted the game in 1985, would be “fantastic hosts.”

The 2018 NBA All-Star Game is in Los Angeles, and 2019 is expected to be re-awarded to Charlotte. Houston, Orlando, and a number of other cities are expected to make bids for the 2020 and 2021 games, along with Indiana.