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.
Donald Sterling was the owner of the Clippers when they left San Diego to move to the Los Angeles Sports Arena in 1984. He’s a greedy man who lived in Los Angeles, he owned a bad Clipper team playing in a fast-aging building in San Diego, Sterling was bouncing checks to the point the NBA was ready to take the team away from him, and the selfish owner wanted the team closer to him in a situation where he could make as much money as possible. To suggest Sterling (especially in that era) made any move that was not financially related would be just wrong.
Still Bill Walton — a San Deigo native — blames himself for Clippers leaving San Diego.
He talked about it with the brilliant Arash Markazi of ESPN.
“When you fail in your hometown, that’s as bad as it gets, and I love my hometown,” said Walton, who grew up in La Mesa, 9 miles east of downtown San Diego. “I wish we had NBA basketball here, and we don’t because of me….
“It’s my greatest failure as a professional in my entire life,” Walton said. “I could not get the job done in my hometown. It is a stain and stigma on my soul that is indelible. I’ll never be able to wash that off, and I carry it with me forever.”
It was not on Walton. Not even close.
This was the Walton between the as-good-as-any-center-ever Walton that led the Trail Blazers to the title in 1977 and the Sixth Man of the Year Walton in Boston in 1985. The Clippers’ Walton was the one battling multiple foot surgeries that kept him out of most of multiple seasons in a row — something he could not control. And if you want to make judgements about how he was healthy before and after his time with the Clippers but seemed to get poor medical treatment on cheap Sterling’s team, go right ahead.
The move to LA was all about Donald Sterling. It was about his pocket book and what was convenient for him. There was a reason his team was at the bottom of the NBA for two decades (and that since he sold the team, while they have struggled to advance deep in the playoffs, they have been a more serious threat).
Bill Walton shouldn’t blame himself.
You know Jay Chou as “Kato” from the Seth Rogen version of “The Green Hornet.” Well, you know him that way if you’re one of the people who suffered through that disappointing effort.
It turns out, Chou is basically the Justin Timberlake of Taiwan — actor, musician, good at everything he touches (except the Green Hornet, but that’s not on him). He’s huge.
And in his latest music video (above) he has Brooklyn’s Jeremy Lin as a co-star.
There is pop-a-shot, a lot of ice cream references, and of course dancing in outfits that you and I couldn’t pull off in public. Just go ahead and watch it. You know you want to.
Expect to see Chou courtside in Brooklyn this season. They could use it, the Nets need a few celebs in house.
(Hat tip to Ananth Pandian of CBSSports.com, apparently an avid follower of the Taiwanese music scene, and The Score.)
This was as predictable as Trump mentioning his wall in a stump speech he feels going flat.
Thursday, the Ringer reported that Washington’s John Wall was unhappy when he saw the money thrown around this summer at James Harden and even Wall’s teammate Bradley Beal. The quote that summed it up from an anonymous source: “Wall’s got jealousy issues. He’s always upset with someone who makes more money than him.”
The second that story hit the web you knew Wall would deny it, and that came via ESPN’s The Uninterrupted (which has done well since it’s launch):
For both of you who hate video and prefer it written out:
“I just wanted to clear the air for all these people talking about how I’m watching other people’s pockets and I’m not worried about basketball and getting better. Listen, that doesn’t matter to me. If I produce like I’m supposed to on the basketball court and take care of myself and image, I’m going to be fine with making money. That’s not why I play the game of basketball.”
Two quick thoughts. First, talk to Wall for any length of time and it does become clear he loves basketball and plays the game with a passion. That shouldn’t be up for debate.
Secondly, everybody in the NBA compares salaries. Everybody knows what everybody is making. There’s another locker room measuring comparison equivalent, but I’m not going there. The reality is guys who were not free agents or up for an extension — and because of the length of Wall’s contract, that includes him — were shaking their heads at the money thrown around. Of course they wanted a piece of it. That’s different than jealousy, or lacking chemistry with a teammate because of it.
That said, Beal and Wall have never clicked like expected. Injuries are certainly a part of the issue, but it’s fair to question what else is going on, and if Scott Brooks as coach can change that.
This is about the most Canadian thing ever.
Cleveland’s Tristan Thompson — who is Canadian, he was born in Toronto — is getting his day with the Larry O’Brien trophy and decided that meant he should take the gold statue to a Tim Horton’s. (If you’re not familiar, Tim Horton’s is a Canadian institution, the best comparison would be SAT style — Tim Horton’s:Canada as Dunkin Donuts:Boston).
Hat tip MethoxyEthane at Reddit NBA.