NBA “stretch provision” may mean more bad contracts

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We kind of refer to this as the Eddy Curry Rule.

In the NBA labor deal is what is called the “stretch provision,” which will help teams get rid of underperforming players on big deals. It can only be used on new contracts but here is how it works: If you want to get rid of a player you can buy him out then stretch out his contract on your books for double the length of the deal plus one year. For example, if a player is owed $20 million over two seasons and he gets waived, the team can stretch him out so his deal so on the official salary cap ledger he only costs them $4 million a season for five seasons.

But that is going to lead to some funky bidding, suggests Chris Sheridan at Sheridanhoops.com. He uses the upcoming free agency of Kris Humphries as an example.

Team A is willing to give Humphries a three-year contract starting at $8 million. With 4.5 percent annual raises, Hump would have an offer of $25.08 million sitting on the table.

But Team B really needs someone to do the dirty work under the boards. So they make Humphries the same offer but with a fourth year added on, fully guaranteed at $9.08 million. Now, Hump is looking at a $34.16 million deal. Which one do you think he’s going to take? Team B’s, of course.

Then, after three years, if Humphries is a $9 million burden on Team B’s 2014-15 cap, they can waive him using the stretch exception, and he will count against the cap for only $3 million per season over the next three seasons.

Teams are going to figure out how to game the system, and this is one way it will happen. And it is easier for larger market teams to have a few of those bought out, stretched out deals (and replace them with new, productive players) than it will be for smaller market teams that can’t go into the luxury tax realm as easily.

With things like the stretch provision and shorter contracts, teams can make the bad decisions of their GMs go away more quickly. The thing is, it leaves those same GMs with more decisions to make — there will be more roster turnover every season and more player personnel moves to be made. For bad GMs that means more chances to screw up, for the best GMs it means more chances to shine. As it was before, good drafting and management will be what wins in the NBA.

76ers take 1 big step (and a couple smaller ones, too)

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NBCSports.com’s Dan Feldman is grading every team’s offseason based on where the team stands now relative to its position entering the offseason. A ‘C’ means a team is in similar standing, with notches up or down from there.

Even the NBA’s worst team has only a 25% chance of getting the No. 1 pick in the lottery.

The 76ers made their own luck.

Philadelphia finished with the league’s fourth-worst record, fell to No. 5 in the lottery, swapped picks with the Kings to move up to No. 3 thanks to a two-year-old trade then traded up to No. 1 by enticing the Celtics with a future draft pick (another pick acquired in that heist of Sacramento, a Lakers pick or one of the 76ers’ own).

Whew, that’s some Process.

No. 1 pick Markelle Fultz is the latest prize in the 76ers’ reverse engineering of the NBA’s system, joining Joel Embiid and Ben Simmons. That’s an exciting young core that might be ready to lift Philadelphia from years of tanking to playoff contention.

To that end, the 76ers signed J.J. Redick to a one-year, $23 million contract. The 33-year-old has already shown signs of decline, but he’s an upgrade over any shooting guard on the roster. If their other young players are ready to make the leap, the 76ers didn’t want to learn the hard way they were a starting shooting guard short of reaching the postseason. In securing an immediate boost, Philadelphia essentially paid extra for flexibility. Redick’s salary will almost certainly outpace his production, the 76ers ensured no lasting negative effects beyond this season.

The same logic could apply to Amir Johnson, who signed a one-year, $11 million contract. But Philadelphia’s frontcourt depth and the dreary market for bigs make that deal less defensible – especially if Johnson’s salary could have been reappropriated for Kentavious Caldwell-Pope (who surprisingly became an unrestricted free agent) or paying Robert Covington more up front (as opposed to in future seasons, when the savings might matter more) in a renegotiation-and-extension.

With about $15 million in cap space remaining, the 76ers will likely still renegotiate-and-extend Covington once they can in November. He fits well into a deep crop of solid assets beyond the big three: Dario Saric, Richaun Holmes, Timothe Luwawu-Cabarrot, Jahlil Okafor, Justin Anderson, T.J. McConnell, Nik Stauskas, Furkan Korkmaz (the No. 26 pick last year who signed this year), all Philadelphia’s own future first-rounders plus one extra (from either the Kings or Lakers – or both, if if Philadelphia’s own pick is conveyed to Boston). The 76ers even added to the pool this summer with a couple draft-and-stash selections – No. 25 pick Anzejs Pasecniks and No. 36 pick Jonah Bolden (who I’m personally quite high on).

That grouping alone would be envy of many teams. And then there are still Embiid, Simmons and Fultz – the trio that will determine how quickly the brighter days ahead arrive in Philadelphia.

The 76ers’ revival is built on Embiid’s back – and feet and knees. He could be a generational player, but injuries have already cost him 215 games in three years and limited him to just 25 minutes per game in the 31 he has played.

Though it’s the one that looms far beyond, Embiid’s health isn’t the only potential pitfall this season. Rookie point guards – whether it be Fultz or Simmons – rarely lead good teams. It’s a position that typically requires fine-tuning.

Still, this is just the start in Philadelphia. Making the playoffs this season would be nice, but bigger goals down the road appear attainable either way.

The 76ers were in great shape entering the summer. They’re in even better shape now.

Offseason grade: B

Report: Wizards signing Donald Sloan

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The Wizards look like they solved their backup-point-guard problems with Tim Frazier.

But they also looked like they solved their backup-point-guard problems with Trey Burke and then Brandon Jennings last year – and look how that turned out.

So, even after trading for Frazier, Washington is still trying to increase stability behind John Wall.
CSN Mid-Atlantic:

The Wizards added some depth to their backcourt on Thursday by signing veteran guard Donald Sloan to a one-year deal, CSN’s Chris Miller confirmed on Thursday night.

The 29-year-old Sloan has played for the Hawks, New Orleans Hornets, Cavaliers, Pacers and Nets in a five-year NBA career. He spent last season in China.

Sloan isn’t much of a scorer, and he’s only a decent distributor. But he makes up for it with all-around adequacy, highlighted by his rebounding for his position.

The veteran will compete with second-year Sheldon Mac, whose salary is just $50,000 guaranteed, to be Washington’s third point guard.

Report: Knicks sign Nigel Hayes to partially guaranteed deal

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Nigel Hayes became a cult hero at Wisconsin for bringing a “BROKE COLLEGE ATHLETE ANYTHING HELPS” sign to GameDay and soliciting Venmo donations, challenging the stenographer in a press conference and “accidentally” calling a stenographer beautiful in front of a hot mic.

After going undrafted, Hayes and his colorful personality are headed to New York, where Knicks fans are starving for fun.

Adrian Wojnarowski of ESPN:

Could Hayes stick into the regular season? The Knicks have just 14 players with guaranteed salaries, leaving one more spot for a player on an standard contract. Chasson Randle has an unguaranteed salary that becomes partially guaranteed around the time training camp opens. The Knicks could also sign other players, though they’re down to just minimum exceptions.

Hayes – a 6-foot-8 forward – has a chance, but he’s most likely ticketed to New York’s minor-league affiliate after being waived by the parent club.

Who is betting favorite to win Rookie of the Year? Lonzo Ball? Ben Simmons? Depends.

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The Rookie of the Year race is wide open heading into next season.

It’s that way every year — if you had predicted Malcolm Brogdon was going to win a year ago, you would have been laughed out of the room — but this coming season has a deep pool of elite talent who will be in position to put up numbers, the usual formula for winning the award. Lonzo Ball, Ben Simmons, Markelle Fultz, Jayson Tatum all have a real shot — and that’s just the tip of the iceberg.

Who is the betting favorite? Depends on where you do your betting.

The William Hill’s Nevada sportsbook (which works with a number of Las Vegas casinos, such as the SLS), has these odds (hat tip ESPN):

Lonzo Ball 9-5
Ben Simmons 5-2
Dennis Smith Jr. 4-1
Markelle Fultz 13-2
De'Aaron Fox 8-1
Jayson Tatum 8-1

The Westgate SuperBook in Las Vegas has Simmons as the betting line favorite at 9-4

The online betting site Bovda.lv has this line

Lonzo Ball 9-4
Dennis Smith 3-1
Ben Simmons 5-1
Jayson Tatum 5-1
Markelle Fultz 8-1

Traditionally, Rookie of the Year goes to a guy who has the ball in his hands, is aggressive, and puts up raw numbers. It celebrates scorers. All of the guys on that list can do that, although Ball will be judged more on his passing and how he helps turn the Lakers into an up-tempo team. In addition to the guys on that list, Josh Jackon in Phoenix will get numbers, as might John Collins in a rebuilding Atlanta. There are sleepers down the board with a chance.

This year a whole lot of guys fit the traditional mold of a guy who can win the award, more than are mentioned here. It’s going to be a wild ride.