Currently viewing the tag: "Contract"

According to the man who knows his stuff, Adrian Wojnarowski, Rodney has agreed to a 3 year $25 million dollar contract. A little over 8 million a year for Stuckey.

My opinion to the inital report is that it’s not a huge contract, it’s only for 3 years and if things don’t work it’s a contract that is easy to move. I would also love to see Stuckey at the 2 where he belongs.

Discuss

Rodney Stuckey Before the CollapseNews on the Stuckey front. As we spoke about in our interview with Vince Ellis of the Freep, Rodney Stuckey thinks he’s worth 10 million dollars or more. That being said, Chad Ford of ESPN is reporting that Stuckey doesn’t like the Pistons offer of a 5 years 40-45 million dollar contract offer.

The Detroit Pistons and restricted free agent Rodney Stuckey are struggling to come to terms on a long-term contract, sources said.

Stuckey, the Pistons’ top free agent this offseason, is balking at what the Pistons are prepared to pay him. The Pistons have discussed a deal that would pay Stuckey between $40 million and $45 million over five years, according to sources.

By comparison, Mike Conley agreed to a five-year, $40 million extension with the Memphis Grizzlies in November.

Stuckey’s representatives, seeking an even bigger deal, have been contacting other teams the past few days, looking to broker a sign-and-trade deal. However, the Pistons are telling teams that they won’t agree to a sign-and-trade for Stuckey, sources said.

If the impasse continues, Stuckey’s reps are threatening to take the Pistons’ one-year, $3.87 million qualifying offer for Stuckey, which would make him an unrestricted free agent in 2012. Via Chad Ford ESPN

In my opinion Stuckey isn’t worth 10 million dollars a year from this team. He hasn’t proven it and after his attitude problem (whether it was partly because of Kuester or not) I have fallen out of like with him and his attitude. Entitlement is all I see here and if he “threatens” to take the Pistons qualifying offer of 3.87 million this season, we’ll likely see him disgruntled and Joe D on the phone trying to make a trade for him.

I posed the question to you on twitter and if you look at the responses you’ll see that I’m of the majority. See Ya Stuckey

Also from his non verified twitter account, Rodney doesn’t want to be in Detroit.

Tracy McGrady to the PistonsEveryone is clamoring for the Pistons to make some sort of offseason move. The first real news  is that Joe Dumars is considering adding Tracy McGrady to the roster.

Via MLive:
“Pistons president of basketball operations Joe Dumars said late Saturday that the team is considering signing free agent Tracy McGrady.
“We’re checking it out,” Dumars said via text message. “We’re discussing it over the weekend.”

I’m not a fan of McGrady, but if the Pistons can sign him to a one year deal a the veterans minimum it’s a win for Detroit. You get a big name at a bargain price adding some value on the roster and putting bodies in the seats at the Palace.
Will he put us in playoff contention? No

Will his attitude change (he has playing time issues)? Not likely.

Why the move exactly?  I don’t know.

Ok, I know I told you guys that in the coming days (weeks) that I’d give some prospective on the current players on the roster and their contract status.  I will list them in order of the regular rotation position from last season.

Rodney Stuckey (PG) – 1 yr remaining at $2.7m, with an option to bring him back on a qualifying offer for $3.8m*
Richard Hamilton (SG) – 3 yrs remaining at $37.95m, with the 3rd yr being only partially guaranteed
Tayshaun Prince (SF) – 1 yr remaining at $11.1m, no player or team option for 2011-2012.**
Jonas Jerebko (SF/PF) – 1 yr remaining (non-guaranteed) at $762k, no player or team option for 2011-2012.***
Ben Wallace (C) – 2 yrs remaining at $3.8m, no player or team option for 2013-2014

Ben Gordon (SG) – 4 yrs remaining at $48m.  Gordon has a player option that will pay him $13.2m in 2013-2014 should he exercise it
Charlie Villanueva (PF) – 4 yrs remaining at $31.2m.  Villanueva holds a player option that will pay him $8.58m in 2013-2014 should he exercise it
Jason Maxiell (PF) – 3 yrs remaining at $15m.  Maxiell holds a player option that will pay him $5m for 2012-2013 should he exercise it
Austin Daye (SF) – 3 yrs remaining at $6.6m (roughly).  Daye’s rookie contract expires after 2010-2011 w/ 2 team option 2011-2012, 2012-2013
DaJuan Summers (SF) – 1 yr remaining at $762k, no player or team option for 2011-2012.***
Greg Monroe (PF) – 2 yrs remaining at $5.08m, with 2 team option years (2012-2013, 2013-2014) and a qualifying offer year (2014-2015)
Chris Wilcox (PF/C) – 1 yr remaining at $3.0m, no player or team option for 2011-2012.**

FREE AGENTS:
Kwame Brown (C) – Detroit holds Kwame’s “bird rights” meaning they can pay more than any other team for him, but he is free to go anywhere.  He is an unrestricted free agent.
Will Bynum (PG) – Bynum is a restricted free agent, and Detroit can match any offer made to him.

UNSIGNED DRAFT PICKS:
Terrico White (SG) – likely to receive 1 yr guaranteed contract with a team option for a 2nd yr.

TRADE ASSETS:
Tayshaun Prince (expiring contract, still has value, could be contributor for contender)
Chris Wilcox (expiring contract)
Will Bynum (although all signs point to Detroit matching any offer made to him, with him staying)
Austin Daye (rookie contract, could be paired with a “bad” contract like Richard Hamilton to acquire a significant piece)
2011 1st Round Draft Pick (likely to be a late lottery pick or mid-1st rounder depending on where Pistons finish the season)

* if Detroit makes the qualifying offer to Stuckey, he will become a restricted free agent and Detroit can then match any offer made to him
** Detroit holds Tayshaun’s “bird rights” so if he remains on the roster all season, they will have the opportunity to pay him more than anyone else.  He will be an unrestricted free agent.
*** Detroit will hold Summers’ and Jerebko’s “early bird rights” after this 2nd season meaning they will be restricted free agents and Detroit will be able to pay more than anyone else.
**** All numbers are from hoopsworld.com

The Pistons are currently over the salary cap for the 2010-2011 season.  They have the ability to spend their full MLE (Mid-Level Exception) on any free agents available.  The MLE can be divided into different contracts but those contract values cannot exceed the overall value of the MLE.

All players who remain un-signed for the 2010-2011 season (Kwame Brown, Will Bynum) have a “cap hold” placed on the team’s salary cap for the next year until their rights are re-nounced.  Currently, the Pistons have a hold of $4.8m for Kwame Brown and $990,596 for Will Bynum.  While Kwame may not come back, Will Bynum is expected to see a raise from his current cap hold.

With Luke Ridnour receiving a contract from the Timberwolves of 4 yrs, $16m, I would not be surprised to see Bynum receive something in that same ballpark.  Perhaps a 4 yr, $12m contract is most suitable for him as it will give him a sense of stability and it falls in line with contracts that players of his ability are currently earning in the league.  Whatever he signs for, I believe front loading the contract to be best because as the years go on, they will have more and more salary cap space available for use.  Since they’re already over the cap now, there’s no use in backloading the deal only to hamstring yourself a year down the line.

As I said in the previous post in reply to a comment about Minnesota trading Al Jefferson for draft picks, the Pistons are not in a position to make deals like this.  Detroit would actually need to trade the same value in salaries (or within 125% total values) in order to receive players back.  Since draft picks do not have value until the picks are made, they can’t simply send picks to other teams for players.

I hope this helps a little.  There will be more to come, later.

Ben Walace Cartoon LogoIt’s official, Ben Wallace is back for two more seasons.

The contract is worth $1.9 million per season.

Besides the good news of Ben’s return, it looks like the Pistons won’t be bringing back Kwame Brown next season.  A Kwameless Detroit is just what this town needs.

“Virginia Tech head coach Seth Greenberg posted on his Twitter account that former Hokies standout Deron Washington has signed a guaranteed contract with the Detroit Pistons, who selected him 59th overall (second round) in the 2008 NBA draft.” Via Daily Press.com

Now there is more….. Our guru Dave Dial gives us the juice.

“Moves like that(signing players like Washington to guaranteed contracts) are often made when one team has to send back a certain amount of money back in a trade. For example, if Detroit is $4 million under the cap after signing Ben Gordon and Charlie Villanueva and were to get involved with the Hornets in a trade for Tyson Chandler, the Pistons would have to send back a certain amount of salaries in order to make it work.

Chandler makes $12.2 million dollars, and the Pistons might be $4 million under the cap so a straight salary dump couldn’t work. Stay tuned…

{Update: I’ve been informed that there is a 30 day waiting period when you sign a second-round pick before that player can be traded.}”

Detroit Bad Boys adds even more….suggesting Rip could be on his way out.

Now with the quickness in which this is all happening a girls’ head is spinning. I can’t even sleep without waking up to some rumors or possible trades.  I have been locked to Twitter for the past few days to send out the info as quickly as I get it no matter where I am, so do some following.

Joe Dumars wastes no time and seems to be weighing no other options.

The AP is reporting

“Villanueva, the seventh overall pick by Toronto in 2006 who has played all three of his NBA season with the Milwaukee Bucks, also agreed to a five-year deal. His contract is worth at least $35 million.”

UPDATE: Pistons.com has it as front page news now.

David Aldridge weighs in at NBA.com.

A small snippet from Slam made quite a splash and as we know the “close personal friend” route can never be confirmed.

“SLAM contributor J. Gamble [making his debut with us next issue] hears from a close personal friend of Rasheed Wallace’s that unless Sheed gets $8 million to play next year, he’s going to retire. If that’s true, we’ve probably seen the last of Sheed in the NBA.”

It was a buzz on local sports radio yesterday as well as chatter I heard from Sheed fans via email. I’m with Detroit Bad Boys on this one, if 8 million is the true price tag you have seen the last of Sheed in a Pistons uniform (although I didn’t see him coming back either way).

Dave Dial with his expertise of the Salary Cap over at MLive also weighs in:

“As for the $8 million dollar price tag, that will be tough for Rasheed to get next season. The Mid-Level Exception was set at $5.585 million for the 2008-2009 season and is expected to decrease next season. So teams that are over the salary cap can’t offer Rasheed the $8 million he wants, even if they wanted to pay him that much.

There will only be a handful of teams that have cap space this summer. OKC, Memphis, Portland, Detroit, Atlanta and Minnesota will all have significant monies under the salary cap.

I think you can rule out Portland and Detroit, for obvious reasons. I doubt Rasheed would want to spend his last year or two playing for Memphis, OKC or Minnesota. The losing and having no chance at winning a Title would get to him too much. That would leave only Atlanta, which would only have the cap space required if they renounce Mike Bibby and let Marvin Williams and Zaza Pachulia walk.

Which leads back to Rasheed deciding to just retire, or maybe the Pistons would include Wallace in a sign and trade deal with a team that is over the cap. The Spurs, Mavericks, Cavaliers, Bobcats and Celtics have all been rumored to be interested in Wallace. If Rasheed wants a one or two year deal at $8 million per year, it probably wouldn’t scare off all of those teams. With the summer fast approaching, we will know for sure if this rumor is true or not.”