Suns And Blazers Complete Jones, Fernandez Trade

[azirish]

Fran is the only example of this that I know of - but an example nonethless. I still don't think it means there's a HIGH risk of Fernandez never coming here and I'm pretty sure that I'll be proven right over the course of time like I usually am when we have a disagreement when you provide wild speculation about a scenario you have little knowledge about.

I read several articles that discussed this issue, so your charges of "wild speculation" is just totally unjustified. On talent, Fernadez was easily a mid teens player, but the fear of getting another guy who may not play or will wait until his thirties is viewed as a real problem. (I'm not sure how it is spelled, but Scola of the Spurs has been hung up for years).

 

[jbeecham]

We don't get any more financial relief for having a trade exemption that we won't use. We will still have the same salary, if you will, with or without the TE. The TE is only good, if we plan on using it, which is highly unlikely.

I just meant that we were getting $3 million cash plus we don't have to pay the salaries of James Jones & Fernandez (which is what the trade exemption is for) so by not using the exemption we're saving about $4 million in salary + $4 million in luxury tax.

 

[Cheesebeef]

I read several articles that discussed this issue, so your charges of "wild speculation" is just totally unjustified.

yeah, i don't think so but we'll see.

 

[Ollie]

Fernandez said he will stay in DKV Joventut for at least one more year, and in return his club agreed to lower his NBA buyout to something like $1M. Draw your own conclusions.

As for Scola, he had a ridiculously high buyout that prevented him to join the NBA. Now that his buyout is affordable, the Spurs are trying to trade his rights. Go figure.

 

[Joe Mama]

You know, that is what has been bothering me about this trade. Why was it necessary to combine the two? The 24 could have been sold for $3 million without sending JJ. JJ could have been dealt for something--a second rounder, anything. In fact, I think he almost had enough value to combine him with Banks and move both salaries.

We could have traded JJ for $3 million cash and kept Fernandez, let him stay over seas, and we would have been the same financially.

Many teams in the NBA are trying to unload contracts like JJ's around the draft and the beginning of free agency in order to give themselves the most flexibility. In the very most optimistic view of things , James Jones had even traded value. In reality it took that draft pick to unload his contract.

Assuming Grant Hill exercises his player option next year the Phoenix Suns will get him for a total of $3.8 million over the next two seasons. They were going to have to pay $6 million over that time for James Jones. That's a savings of $2.2 million in salary and $2.2 million in luxury tax. They also got $3 million in the deal. I won't count the savings on the draft pick's salary because I think Fernandez was actually their next choice after Belinelli, and he would not have played here next season. They also could have taken splitter.

So that's a savings of $7.4 million over the next two seasons. Also, unloading James Jones helped to assure Grant Hill that he would get a great shot at a starting position and certainly significant minutes with the Phoenix Suns.

i think you guys over-estimate Jr.'s value and underestimate other teams knowledge of our financial predicament.

Amen.

Btw, I was under the impression that Fernandez wants to come over and play in the NBA. I suppose it's entirely possible that Joventut could change his mind with a lucrative offer, but I haven't read anywhere that is suggested there was a good chance of that happening.

Joe

 

[elindholm]

Assuming Grant Hill exercises his player option next year the Phoenix Suns will get him for a total of $3.8 million over the next two seasons. They were going to have to pay $6 million over that time for James Jones. That's a savings of $2.2 million in salary and $2.2 million in luxury tax.

I don't think the Suns will necessarily be paying luxury tax in 2008-09. Hoopshype has them at around $71 million (if you make the adjustments for Jones and Hill), so if they can find a way to shed Banks (for instance, with the Atlanta pick) they should be right around the threshold.

And besides, Marion is going to opt out next summer to join a new team that will pay him more money to be a primary option, remember?

 

[Joe Mama]

I don't think the Suns will necessarily be paying luxury tax in 2008-09. Hoopshype has them at around $71 million (if you make the adjustments for Jones and Hill), so if they can find a way to shed Banks (for instance, with the Atlanta pick) they should be right around the threshold.

And besides, Marion is going to opt out next summer to join a new team that will pay him more money to be a primary option, remember?

That's right. I forgot about Shawn Marion opting out of his contract. Actually, joking aside, it will be very interesting to see what happens with Shawn Marion the rest of the summer, around the trade deadline, and especially next summer (if he's still around). I wouldn't be shocked if someone offered him an extension averaging say $14 million per year, and it would probably make sense for him to take that. I cannot believe that Lewis is getting a contract that averages $15-18 million.

Assuming Shawn Marion does not opt out of his contract the Phoenix Suns will be around $71 million. However that's only nine players under contract. Even if they filled in the other numeral for roster spots with veteran minimum players that would put them at just about $74 million for luxury tax purposes. I suppose they could unload Marcus Banks to get a right around that luxury tax limit.

Joe