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.
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.
Kyrie Irving: ‘I see you. I see everyone. More than just your physical presence, I see your energy. I feel it. I know it’
“I see you,” he said. “I see everyone. More than just your physical presence, I see your energy. I feel it. I know it.”
“I think that the most important thing that I strive to live by is extremely by truth and by consistently giving others the truth, without any judgement, without constraints, without anything extra except the understanding that I see you,” he said. “I have family members who come from knowing energy, and it was passed along to me.”
Rose has been out with what seemed like a relative minor, for him at least, ankle injury. The 29-year-old could stick in the league for a while thanks to his reputation and ability to attack the rim to create shots for himself. But the guard is a shell of peak form after years of more serious injuries. This isn’t the career anyone expected for him when he was named the youngest MVP ever in 2011.
The Suns made Mike James – a 27-year-old rookie on a two-way contract – their starting point guard.
Though he eventually ceded the role to Tyler Ulis, James – the only player on a two-way contract to start an NBA game – is still a rotation regular. He’s an aggressive defender and possesses plenty of offensive moves.
The problem: Unless demoted to Phoenix’s minor-league affiliate before then, he’ll max out the 45 allowable NBA days for a two-way player Dec. 6.
We’d still like to get him on the 15-man roster and we’re looking at different ways to do that.
The Suns can unilaterally convert James’ two-contract into a standard one-year minimum deal. Both sides could also negotiate a longer contract.
The bigger issue is clearing a roster spot.
Phoenix has the maximum 15 players with standard contracts with no obvious cuts. Derrick Jones Jr. doesn’t play much, but the 20-year-old’s athleticism creates intriguing upside. Second-rounder Davon Reed is hurt, though teams rarely cut bait so quickly.