The rules of the NBA’s collective bargaining agreement are fascinating to a certain segment of NBA fans, so with that in mind, we bring you this financial quirk involving J.R. Smith.
The reigning Sixth Man of the Year signed a three-year deal worth just under $18 million to remain with the Knicks a few weeks back, and using the rules (potentially) to his advantage, has already been paid out at least half of the entire value of his contract.
From Frank Isola of the New York Daily News (via HoopsHype):
A league source confirmed that J.R. Smith has already been paid $8.974 million of the $17 million contract he signed three weeks ago. Smith agreed to a two-year deal worth $11 million with a player option for a third season. Five days after agreeing to a new contract, Smith had knee surgery that, according to the club, will sideline him up to four months.
This doesn’t affect the Knicks’ cap figure in any way, and theoretically (if Smith invests the money wisely) it would be beneficial to the player to get paid out as much as possible immediately to begin to earn interest on those otherwise future dollars.
Mark Deeks, who runs the comprehensive NBA salary site ShamSports.com, explained how this fits within the league’s rules a few days back.
Smith did NOT get 80% of his contract paid up front. That’s not allowed. What IS allowed, however, is having 50% of your base salary given..
…to you as an advance prior to November 15th of the relevant season (no more than 25% before October 1st.) This is what Smith has done.
It’s a smart decision, provided Smith does something productive with all of that up-front cash.
LOS ANGELES (AP) — Lamar Odom says he’s “a walking miracle” after being found unconscious with cocaine in his system in a Nevada brothel in 2015.
Odom tells US Weekly he hid his cocaine use from ex-wife Khloe Kardashian for a while, but she found out about two years before their 2013 split. He also says that he regrets “having multiple affairs with different women” while married to Kardashian.
Kardashian filed for divorce in 2013 but delayed it after the incident at the brothel. He says Kardashian helped him regain his memory following the episode. Their divorce was finalized in December.
Odom blames cocaine for helping end his NBA career. He says “drugs killed my drive to want to train and be in shape.”
Odom says he’s sober now after finishing a rehab stint in January.
Here is some of the interview, however warning the language is not safe for work.
Kevin Durant has been working out on the court before the last couple of Warriors road games, and people watching have taken note — he was moving well, shooting, and generally looking healthy for a guy coming off a grade 2 MCL sprain and a bone bruise.
Reports were out that Durant was on target to return before the end of the season.
Wednesday the Warriors confirmed that.
Teams are vague, realistically what is that timeline?
Durant likely would be on a minutes restriction for those game, but just getting to shake the rust off and work on his conditioning in a real game would help Golden State heading into the playoffs.
Not that they need much help, having won eight in a row. The Warriors have a 2.5 game lead over the Spurs for the top seed in the Western Conference heading into the game between the two Wednesday night.
The Lakers lost to the Wizards because they are young, inconsistent, and defend like traffic cones at times.
But that young Lakers core also has its moments.
Los Angeles strung together 15 straight made buckets to end the third quarter Tuesday night. Some of it was flukey, like Corey Brewer driving and finishing contested layups like he’s Kyrie Irving, but there were things Lakers fans should want to see such as D'Angelo Russell draining threes, Jordan Clarkson working hard off the ball and his teammates finding him, and Julius Randle just attacking.
After this run the Lakers led by 13 going into the fourth, but lost the game.
What this ultimately means is next season the Knicks should have Joakim Noah available just before Thanksgiving.
Noah has been suspended 20 games for testing positive for a banned substance, but because he was out due to knee surgery the suspension did not start until he was “physically able to play.” Noah said on Tuesday that he had been cleared, but that was just by the team doctors. He also had to be cleared by the NBA’s doctors (because if teams could cheat they would).
That happened Wednesday, according to Ian Begley of ESPN.
Noah’s first season in New York after signing a four-year, $72 million deal has been a disappointment. To put it kindly. He’s not been completely healthy, and any observer of him the past few years had to wonder if he would ever be fully healthy again. He had lost a step from the 2014 Defensive Player of the Year before the Knicks signed him. The Knicks don’t need him to necessarily be that dominant a force again (although it would be nice), but they need to get more out of him and see if he is a fit next to Kristaps Porzingis for now as the Knicks try to build a roster for next season that can play a little defense. And the triangle.