Summer Quandaries: Bogans’ $5M More Than Was Needed?

http://celticsgreen.blogspot.com/2014/08/sq14-31-was-bogans-5m-more-than-needed.html






It occurred to me that Bogans didn’t need to be signed for 5+ million dollars in the Brooklyn trade.  The personnel changing hands were Pierce, Garnett, Jason Terry and D.J. White to Brooklyn for forwards Gerald Wallace and Kris Humphries, guard/forward Keith Bogans , guard MarShon Brooks, forward Kris Joseph.  I have taken their 2014 salaries from Shamsports year 2012-13 and 2013-14 to arrive at the following numbers.

With Brooklyn’s outlay they could have taken back more than $37.4M.  Since the Boston salaries times the 1.25 multiplier yields around $27.2M, Brooklyn only ‘needed” Bogans to agree to sign-and-trade for about $2.7M.

Which leaves me wondering whether Bogans pushed for the additional amount, or did Danny want the higher figure, and the higher TPE.
Humphries  12,000,000
Wallace       10,105,855
Bogans          5,058,198
Gomes              509,479
Brooks           1,210,080
Joseph               788,872
-----------------------------
                     29,872,484 * 1.25 = 37,340,605


Pierce            15,333,334
Garnett          12,433,735
Terry                5,225,000
White               1,027,424
-------------------------------
                      34,019,493 / 1.25 = 27,215,594

The actual deal went down as a three trade series,  Included but not noted above was the $400K kicker in trading Terry.  The trade danced with the Celtics dipping below the tax line, and pushing as much as possible into the Pierce deal, hence the rather large Traded Player Exception.  In researching for this piece, I ran across a great read--try it if this dazzling volley of GM legerdemain piques your curiosity:  http://www.reddit.com/r/nba/comments/1igbmp/explaining_the_celticsnets_trade_in_1000_easy/

Only 34 more days until training camp.




bob




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Monday morning quarterback....the toughest position on the field

The idea behind this article is not correct.
The Nets and Celtics didn't give Bogans $1 more than they had to.
Bogans sign and trade can only be recognized for 50% of his contract for trade purposes.
He was considered a Base Year Compensation Player.
This article below wasn't updated to include Ryan Gomes in the trade.
So, Bogans had to receive a little over $5m in salary to get recognized for trade purposes.



"Finally, the Nets threw in Kris Joseph at a low salary of under a million dollars, and will sign-and-trade Keith Bogans to make the deal work financially. Bogans' contract will be interesting as the rest of the salaries in the deal would require about $2.2 million sent to the Celtics. However, the current stipulations of the Collective Bargaining Agreement, as defined by the NBA, would require Bogans to have an even higher salary. A player who is re-signed by their team with more than a 20 percent raise for the purpose of a trade will only count as outgoing salary for 50 percent of his contract. 
This rule is broadly recognized as Base Year Compensation and essentially means that Bogans would have to be paid a guaranteed $4.4 million for the first year in the sign-and-trade in order for the Nets to complete the deal. Unless the two teams find a different way to make the salaries work before the trade becomes official in July, the Celtics will be on the hook to pay Bogans a very large contract for one year. The team will, however, be able to cut ties with him before next summer."

The guy who wrote the article failed in this effort. It wasn't a single trade and the trades were more complicated than just salary swaps, as TJ indicates.

Only 34 more days until training camp. Yahoo for that!!

gyso

Good call, TJ.



KJ

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