Tag: Bibby buyout

Atlanta Hawks v Miami Heat

Winderman: It’s time for built-in buyouts in NBA contracts


One of the prime sticking points in the negotiations for a new NBA collective-bargaining agreement is maximum contract length. Currently, players can be signed for up to six seasons. Management wants far shorter terms.

Based on the machinations at the buyout deadline, the players certainly are fueling management’s argument.

Even with time left on the contracts, teams have written off the likes of Mike Bibby, Troy Murphy, Corey Brewer, Jared Jeffries, Rasual Butler and several others this week, while also coming close to doing so with the likes of Jason Kapono and T.J. Ford.

All essentially outlasted the usefulness on their contracts, contracts that proved to be longer than any tangible benefit.

And yet, for players such as Bibby, Murphy, Butler and Jeffries, the newfound freedom just might allow them to extend their careers by showcasing their skills for the balance of this season with contenders.

For so many teams (and even players) empty seasons on the end of contracts have proven to be a bane. They limit maneuverability (for teams) and opportunity (for players).

While it might not be what the union wants to hear, and assuming that the union won’t relent on guaranteed contracts, there has to be some sort of built-in buyout system with all contracts, a process the doesn’t have to wait until there are only six weeks left in the regular season.

The compromise could be that the first two or three seasons of all contracts remain fully guaranteed, with preset buyout percentages for ensuing seasons. Like the current third and fourth year of the rookie scale, such decisions would have to be made a season in advance (or at some preset time in advance), for a player to know where he stands.

Beyond that, perhaps the NBA needs to move to some sort of waiver draft, like the NHL has, or something like Major League Baseball’s Rule 5 draft, where only a preset number of players can be protected on the eve of the season, a number below the roster limit.

Amid concern of an imbalance between the haves and have-nots, perhaps if teams were limited to protecting only nine or 10 players prior to the starts of seasons, then the likes of Murphy or Butler or Ford or Kapono (or even a Rip Hamilton) could have shaken free to help teams in need of such skill sets. One contender’s 10th man could be another team’s seventh man. (Salary-cap provisions could be made for such acquisitions.)

What the buyout deadline has shown is that there is a market for players who have spent the first four months lacking an opportunity.

Such less-restrictive redistribution of talent would figure to benefit both the union and the league.

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.

Remembering Mike Bibby’s storied career in Washington

Mike Bibby Wizards
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In a video sure to bring a tear to your eye, here is a stirring tribute to Mike Bibby’s 1-for-9 shooting career in the nation’s capital, is one game as a Washington Wizard.

You know, the one game before he gave up more than $6 million to get the heck out of town. Not that he didn’t love it there. I’m sure he was scouting out places to live in Adams Morgan.

Get a tissue before watching his legendary one make as a Wizard. You can tell the guys at CSN Washington are very moved.

Report: Wizards buy Mike Bibby out; he’ll sign with Heat

Mike Bibby Wizards

UPDATE 3:30 pm: According to Sam Amick, Bibby intends to sign with the Miami Heat once he clears waivers. Amick also notes that Bibby will take about $6 million less to get out of his current deal.

Miami seems a good fit for what Bibby brings to the table — floor-spacing three-point shooting. That’s about all he really brings now, he’s not the classic PG he was a decade ago. Basically Bibby becomes another Eddie House, coming off the bench and trying to light things up for the Heat. If Miami takes Bibby they have to buyout and waive someone on the roster, they already have 15 guaranteed contracts.

1:59 pm: To answer the question we asked earlier Monday, apparently Mike Bibby wants out of Washington pretty darn badly.

The Wizards have agreed to terms to buy Bibby out, according to a tweet from Dan Hellie at NBC Washington.

Bibby was set to make the remainder of his $5.7 million this year and $6.4 million next season and you can bet Bibby took a serious haircut on those numbers to get bought out. We don’t yet know the exact terms.

This makes Bibby a free agent.

The Heat (who would have to buy out someone on their roster and release them), Celtics and maybe a return to Atlanta are possibilities. Throw Denver in the mix too.

Realize that at this point in his career Bibby is a terrible defender and rally is just a spot up shooter on offense (shooting a very goo 44 percent from three this season). That shooting thing could fit well in Miami, where LeBron James and Dwyane Wade handle the ball most of the time anyway. In Boston he would play limited minutes and could fit in the system. Atlanta might want him to back up Kirk Hinrich, but does Bibby want to do that?

He’s out there and available once he clears waivers, however.

Wizards, Mike Bibby’s agent to meet, talk buyout

Mike Bibby Wizards
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Well, Mike Bibby, just how badly do you want to go to a contender? Or, to be blunt, how many millions are you willing to give up to go to a contender?

The Wizards — who acquired Bibby at the trade deadline as part of the Kirk Hinrich deal — don’t really plan to buy Bibby out and let him sign with a contender. But they are going to talk, according to Michael Lee of the Washington Post.

According to a person with knowledge of the situation, Bibby’s agent, David Falk, plans to meet with Wizards President Ernie Grunfeld on Monday to discuss a possible buyout. The person requested anonymity because of the sensitivity of the negotiations.

The two sides have had preliminary discussions, according to two league sources, but no formal proposals have been made. Bibby makes $5.8 million this season and is on the books for $6.4 million next season. Bibby would have to sacrifice a lot of money and get waived by Tuesday in order to be eligible to join a playoff team this season.

Bibby is not a terribly effective point guard anymore, but he can knock down the three and would make a good backup in Boston, or maybe a starter in Miami. There is interest. He would land somewhere for the veterans minimum, but he’s going to have to give up a lot of money to get there.

So Bibby, how badly do you want out of Washington?

Mike Bibby wants a buyout in Washington, likely to be disappointed

Atlanta Hawks v New Orleans Hornets
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Atlanta did the right thing — they needed Mike Bibby gone and any other point guard in. Kirk Hinrich is an upgrade.

But it’s easy to see why Bibby is unhappy — he went from the starting point guard on a playoff team to being John Wall’s understudy on a lottery team.

Bibby wants a buyout, something speculated about from the moment of the trade and confirmed by Michael Lee of the Washington Post.

But that doesn’t mean he is going to get it.

But while the topic has been discussed internally, a league source said Bibby would have to make a huge sacrifice of what’s left of the $5.8 million he is owed this season, and the $6.4 million he will receive next season. Since that appears unlikely, Bibby is expected to be in uniform in Miami on Friday.

It’s about the money. It’s always about the money.

Well, maybe not always — Zydrunas Ilgauskas was traded to the Wizards last year but refused to report and wanted a buyout, so he gave up $1.5 million of his salary to make it happen. Bibby would likely need to take a bigger haircut on his salary than that.

Bibby likely will be wearing the number 00 for Washington. Double Agent Zero. That should go well.