Since it doesn't work well, the leasing co. agreed take the tv back if I will pay 3/4 of the payments anyway, which is half of what the big screen I had would have cost...End result is I no longer have one of the 3 best tv's in my theater and am still paying half of what it would have cost me.
Yes, of course. But you aren't losing
additional money in your new deal with the vendor. You are continuing to pay some of the money that you already agreed to pay.
My point is 10 million still buys a decent TV or Player (Odom caliber) or I could have traded for something else to be determined later(draft pick for instance) but whatever.
But no one thinks O'Neal is going to be worth $20 million this season. Even though he was very good last year, he wasn't worth $20 million then either.
Your point is that paying $10 million for nothing is worse than paying $20 million for O'Neal. That's a valid position and it can be argued either way. I'd have to think about what side I come down on.
then Shaq is very valuable and we should have something to show after trading him.
No, O'Neal is not very valuable at $20 million per year. He was a negative asset and the Suns cut their losses. I'm amazed they could move him at all.
compared to trading Marion and Banks for Shaq and after 1 1/2 years we have nothing to show for it but a ten million payment this year
It was unrealistic to expect to have anything to show for it. The Suns overpaid for a depreciating asset. They used up what they could of its remaining value and now are finishing off the payments.
Say you buy a used car on a five-year loan. Then you run it into the ground for the next four years and have to pay someone to haul it away. You still have to make your final year of payments. You got what you could out of the car, but once it had lost its value, there was nothing more to be gained by holding onto it.
By the way, had the Suns not made the Marion-O'Neal trade, and instead let Marion walk this summer, where would they be? They'd have no Marion and they'd still owe $9.2 million to Marcus Banks. So it's very close to a wash.
I find Sarver guillty of multiple counts of bad trading.
Oh definitely. I was just taking issue with your accounting.