Thoughts on Bynum and beyond
October 31, 2008 | 1:07
pm
As AK and I discussed on our second podcast for 710 ESPN.com (that was seamless, don't you think?), there are a few issues that go along with the Bynum extension that don't have to do necessarily with Bynum himself. I've already written that I like the terms for both sides, but obviously there is impact for the team long term.
- The Lakers get some certainty in the budget, which could help them plan for the next major moves on the horizon. I don't think wrapping Bynum up now fundamentally changes anything (any forecasts for the future undoubtedly factored in money for him already), but it does allow a higher degree of precision. That's never a bad thing.
- Regarding Kobe, could having Bynum wrapped up for the next few years influence his decision to stay once he opts out this summer, as I'm sure he will? I guess, but I don't think he thought Drew was going anywhere, anyway. The interesting thing will be if Kobe takes a little less than he otherwise might to make it easier to re-sign members of the supporting cast... like Trevor Ariza (also represented by David Lee, for what it's worth).
- Whether or not this roster stays together in its current form really isn't affected by the timing of the transaction, even with the savings gained from reaching an agreement now rather than this summer. Had they waited, the Lakers would still be well over the salary cap and luxury tax thresholds. It really is a question of how much money Dr. Buss is willing to spend to keep the group intact. That number, of course, could very well be linked to the success of this year's team. One more reason for fans to pull for a title.
- Freeing up money by trading players on the team, whether Luke, Odom, or anyone else, isn't an easy task. Remember, because the Lakers are over the cap, they can't shed salary without taking it on in return.
- Bottom line, the Lakers now know, assuming Kobe re-ups, that the core of the team will be together for a while.
Just some stuff to chew on.
BK



REPOST
Faith (and others who may be wondering about my opinion),
I have to admit, news of the extension surprised me. In part because this wasn't a "DEFCON 1" situation, but mostly because Team Bynum was giving the impression of heels dug in on the maximum amount of dollars (or pretty damn close) and years. There's absolutely no way the Lakers would have agreed to those conditions, which is why I didn't expect anything to happen. This particular deal didn't seem like it was even being talked about, much less in the works.
But as for the deal itself, I think it was a very reasonable compromise. Assuming Drew plays the way everyone hopes/thinks he can, the Lakers likely saved themselves some considerable cash matching what would have been a longer, more expensive offer sheet. Beyond the money, they also lessened their risk of commitment, should Bynum prove a bust (which I don't see happening) or keep getting hurt (which unfortunately is less certain).
Do risks remain? Sure,and that's unavoidable in sports. But three seasons isn't very long and if Drew doesn't pan out, they can treat this as a 14 mil expiring deal to trade away heading into the 2011 season. Realistically speaking, the Lakers did a pretty good job softening the "what if's."
As for Team Bynum, they land a very nice pay day and the ability to land a longer deal when Drew has theoretically proven himself beyond the shadow of a doubt before even entering his prime. Plus, they get this over and done, which I got a sense Bynum wanted. We're talking about a pretty low key, unassuming kid who never seemed particularly comfortable talking about this situation. Or even all that obsessed with it. Take this passage from Mike Bresnahan's article about the deal.
"At the end of the day, Andrew told his agent, 'I want to get a deal done. I want to be a Laker,' " said Bynum's brother, Corey Thomas. "I believe he's a max basketball player and his agent thinks so too. But the way Kobe has led this team the past two years, why would Andrew want to go anywhere else?
"There's something very, very special about this team and I think he felt, 'Hey, why fight over five or six million dollars when you could have five championship rings?' "
Obviously, this may be syllabus material for "Saying the right things 101." But I can also believe this is almost verbatim what Drew told David Lee. Not that 5-6 mil is anything to sneeze at, but either way, Drew's future grandkids, much less "grandpa" himself, walk away set for life. I imagine Drew was relieved everyone could go into "Solomon" mode, find a nice solution, and move on.
In terms of how the deal affects the Lakers down the road, it obviously lessens their flexibility when it comes signing other players. Then again, they basically had none to begin with, so it's a moot point. But in terms of true core players, the only immediate question marks are Ariza (repped by Lee, so maybe that'll work in the Lakers' favor), LO (whose situation would have been determined by pay cut willingness no matter what). Everyone else is under contract for a little while. Most importantly, assuming Kobe remains on board (and I'd be stunned if he didn't), the Lakers will have a formidable big three locked up for some time. That's never a bad thing.
AK
Posted by: Andrew Kamenetzky | October 31, 2008 at 01:08 PM
Yeah-
I think the fans are "winning" big here too. As I said in the previous thread, we won't have to hear the media overhype the impending Bynum/Contract Negotiations and the prospect of the team being even better in the future is greater because of increased financial flexibility means we will have a stellar team to root for for quite a while.
Also, as a fan it is so much easier to root for a guy who doesn't seem completely consumed with "getting the max". It is annoying on the same level as CEOs getting million dollar bonuses when their companies go bankrupt.
Bynum's likability just went up a notch for me. That could be worth something I guess. Maybe I will buy a Bynum jersey or buy more of whatever product he endorses...
Posted by: C.S. | October 31, 2008 at 01:32 PM
Since Kobe got so much heat for "running" Shaq out of LA, next summer is going to be interesting. He has the chance to help his team out big time. If he opts out and signs for less and allows us to re-sign Odom and Ariza or perhaps a top notch free agent he'll be a hero. If he tries to go for a max deal it could really handcuff the team.
Last time I remember a Laker doing this was when Magic took a pay cut to bring in Terry Teagle. hmm... maybe that wasn't the best example.
Posted by: AndyN | October 31, 2008 at 01:34 PM
I frankly don't see how this deal is anything but good. Mitch and Dr. Buss have proven that they know what they're doing - why not relax and enjoy the fruits of their labor?
If you're a trade machine geek trying to figure out how to get LBJ in LA with Kobe and you're upset that this deal might jeopardize that future possibility, get a freaking life. LBJ is never coming here, and I wouldn't want to gut the team in order to bring him here, anyway.
Posted by: SBPimp | October 31, 2008 at 01:41 PM
Interesting point about Kobe taking less to retain players. Well, the proverbial ball's in his court: if he wants a championship legacy that goes beyond Shaq, and write his final chapter with a flourish, he would be wise to make whatever contract adjustments are necessary. I mean, he's got to realize this, right? In the end, top athletes like Michael Jordan and Tom Brady had enough endorsements where they could accept smaller salaries to keep talent from leaving the team--and making room for the necessary players to fill holes.
I know it's cliche, but championships are all about the team, and players excited about doing what it takes to hoist that trophy--pay cuts included. I think Kobe knows this, and will do whatever it takes to ensure a championship or three before he rides into the sunset. Then he puts his stamp on the Lakers--and the NBA--as one of the best ever.
Posted by: midwest lakerfan | October 31, 2008 at 01:47 PM
Terry Teagle? He looks like Romany Malco on crack.
Posted by: Charles | October 31, 2008 at 01:47 PM
I'm still not sure. I hate the fact that we had all the leverage in terms of him being an unrestricted free agent...and could possible (in a blue moon), gotten him much cheaper than this. Maybe the Lakers' original offer price of 11 mil. It's possible. I also think had he become a free agent, this is the kind of money we probably would have ended up signing him for...but at least we'd have a clearer picture of his health, and possibly his future. Not to mention seeing him motivated to earn that contract.
The good thing is the MLE doesn't go away yearly, we can continue to use it for the players we have to resign if they're up for it. The bad news is, this just piles on to our salary cap headache.
Posted by: Faith | October 31, 2008 at 01:53 PM
AndyN,
"perhaps a top notch free agent "
That isn't likely; the most they will be able to offer anyone not currently on the roster is the MLE.
Posted by: exhelodrvr | October 31, 2008 at 02:01 PM
I think that the Lakers are on a great start and they look healthy with everyone back. The will do great things this year for sure! Kobe has changed his came for his teammates to make them better and have another road the NBA finals.
Posted by: JZ | October 31, 2008 at 02:02 PM
i think if the lakers win a championship this year kobe will do the right thing for opting out of his contract and taking less money so that we could have this team for the next 5 rings but if we dont win that ring now kobe had other plans i think you see it's all about winning basketball superstar wins and that's it....
LET HELL BE RAISE LAKERS!!!
GO LAKERS!!!
Posted by: hellraiser(certified mamba fan) | October 31, 2008 at 02:02 PM
Trevor should do the same thing like Drew did and when he talks to his agent should make him accept mid level exception type money instead of going for more. Trevor has clear role in this team and he shouldn't be paid more than Radman is.
I"m glad too Drew went up against his agent and told him to lower his demands so he could get a salary more acceptable to the Lakers than the Max.
Nothing wrong with agents trying to get as much money. But simply the Lakers players themselves should know better than just demanding the max every time.
-blitz
Posted by: kobeblitz | October 31, 2008 at 02:03 PM
"Re: Marion - we don't need him and I sincerely hope we don't try and trade for him. Nothing against him as a player but I just can't see him fitting in with our team-oriented play."
Agreed. As much as you can say "you can never have too much defenders" Marion wouldn't really have a good role on the team. He wouldn't be the 1st, 2nd, or even 3rd option (which he whined about when he was in Phoenix). Defense? We already got Kobe who wants the best perimeter player defensively short of point guards and Trevor off the bench to help with defense.
Plus if anything the Lakers would play him more at PF, which is even more the reason why he wouldn't fit in LA (he hated playing PF for the Suns).
-blitz
Posted by: kobeblitz | October 31, 2008 at 02:08 PM
This really and truely is a smart deal for BOTH sides. Which in sports, doesn't always happen.
The Lakers have secured an importance piece to the immediate future. When Bynums 3 (or 4) years are up Kobe will be 33 (or 34). Pretty good timing for the FO to decide which direction to take.... Hopefully we'll be nice and fat with 3 (or 4) rings by then!!!!
And for Baby Huey... Any chance AB17 saw Greg OLDen crumple up on the floor Tuesday night and thought "Holy Jeeze, that could be me!" and perhaps spoke with his agent to soften up the stance some and quit demanding the max deal and just Git R Done... Andrew now has piece of mind that IF he does end up banging knees with Pau again, he'd still be okay.
Next victim.... DENVER! wooooo hoooooooo
Posted by: magicman | October 31, 2008 at 02:21 PM
Since Kobe got so much heat for "running" Shaq out of LA, next summer is going to be interesting. He has the chance to help his team out big time. If he opts out and signs for less and allows us to re-sign Odom and Ariza or perhaps a top notch free agent he'll be a hero. If he tries to go for a max deal it could really handcuff the team.
Last time I remember a Laker doing this was when Magic took a pay cut to bring in Terry Teagle. hmm... maybe that wasn't the best example.
Posted by: AndyN | October 31, 2008 at 01:34 PM
=================================
Not sure but I thought it was to get Jamal Wilkes.
Posted by: JustaLakerFan | October 31, 2008 at 02:43 PM
Faith -
We don't have to "use" the MLE to resign our players. As far as I can tell, we have or will have Bird rights on pretty much everyone we have signed. The exceptions are just that - exceptions to the salary cap rules. Resigning your own players generally doesn't trigger salary cap issues, except for limiting who else you can bring in.
The only thing keeping us from resigning everyone is the luxury tax.
Posted by: SBPimp | October 31, 2008 at 02:44 PM
This team wants to stay and play together!
Hopefully the one man who can make that a reality will do what is right.
Dr. Buss has proven, again, that he wants to presdide over the best team in sports.
Andrew Bynum has, reportedly, taken the high road and said I'll take less than I am (theoretically) worth so that we can focus on the NOW and not have dollar signs floating over the season.
Lamar Odom is a NECESSARY piece of this Championship puzzle. He will make less than his last contract was worth, but we need his defence, his rebounding and his glue skillz.
Kobe can make it all happen by sacrificing a few mil and adding years of security. What I am not sure of is how many years a contract in the NBA maxes out at.
Please, don't get me wrong, Kobe IS the best player in the NBA today. Nobody can do what he does without the ball and on the defensive end and still stay sharp and pour in 9 - 12 points in the 4th quarter. His image will move beyond the rehab faze (if it hasn't already) and into the legend faze if he opts out (especially if the Lakers win a the Larry O' this year) and signs for LESS money. He would be beloved in LA and respected across the nation, I think the world already knows how great he is.
If Kobe did this, the team would stay (relatively) together. maybe some of the low end bench guys would be moved, but the first 8 or 9 guys on the bench (1 - 5 plus a few Mobsters) would stay together. That was the key to just about every single Phil Jackson dynasty, camraderie, familiarity, and a solid rotation. It can happen!
The other scenario is, if the Lakers have home court throughout the playoffs this year AND play the max number of games...Dr. Buss will have a lot more team revenue to spend on Mr. Odom.
What do we all think Lamar is worth a year and how could we squeeze it out of next years budget?
Posted by: Jamie Sweet | October 31, 2008 at 02:54 PM
Just watched PJ's interview at practice today. Couple good points.
He's pleased that Drew's deal is done so that he can settle into playing basketball without the potential for distraction. He made the point that Drew is getting paid based on his potential and he needs to live up to that.
He said the team needs to get prepared for teams adjusting to what they're doing on defense. An important note for when when they start to face teams for the second and third times. Also is encouraging that defense is still the focus.
Interesting time for the team (not necessarily for the blog), having two days off (from games) before tomorrow's game, then three days before the game against the Clips next Wednesday and another three days before the big match-up with Houston. Like an additional set of mini-camps. In the past, the team has come off this same period vastly improved. Hopefully that'll be the case this year.
Posted by: lakers_sth | October 31, 2008 at 02:55 PM
With all this talk of Kobe possibly going to Europe for more money, imagine the hype and press Kobe would get if he took less money to help keep this team together for the long-haul to build a real Dynasty.
All this prior talk of Kobe being "selfish" would instantly disappear and Kobe's standing in terms of NBA history and garnering endorsements would explode.
It would be a wonderful thing.
GO LAKERS!
Posted by: Jon K. | October 31, 2008 at 02:56 PM
Jamie Sweet,
"What do we all think Lamar is worth a year and how could we squeeze it out of next years budget?"
I think he's worth about $8.5 million. Maybe a little more.
GO LAKERS!
Posted by: Jon K. | October 31, 2008 at 02:58 PM
LT,
"From the moment he made that early comment about not needing a max contract, I was confident that the Lakers would be able to sign him to an extension"
It also made you look wrong since you had been saying he must get a maximum deal all summer.
Posted by: AndyD | October 31, 2008 at 02:58 PM
we don't have bird rights to Lo, Trevor.
When Farmar and Sasha is up in 2 years, 3 years for Sasha (Kobe in 3 years as well)...the bird thing comes into effect. But only for year 1 of signing. After that it adds to the total in which we pay luxury tax for.
Posted by: Faith | October 31, 2008 at 03:00 PM
Jamie Sweet,
"What do we all think Lamar is worth a year"
If you are looking at his level of performance vs the typical NBA player? Probably $9-10M.
When you take into consideration the rest of the Lakers' roster, and what the dropoff would be if he were no longer a member of the team? $5M.
Posted by: exhelodrvr | October 31, 2008 at 03:02 PM
As Quizno's spokesperson, he should be able to recoup some of the 5 million he lost out on. :P
Happy Halloween Laker fans!
Posted by: Lakers Legacy | October 31, 2008 at 03:03 PM
you guys are dreaming if you think Kobe takes less money.
Posted by: Stay Thirsty My Friends | October 31, 2008 at 03:06 PM
Faith,
"we don't have bird rights to Lo, Trevor."
The Lakers do have Bird Rights for LO and Trevor. The rule reads as follows, according to capologist Larry Coon...
"Theoretically, a player with Bird rights can be traded at the trade deadline right before becoming a free agent and his new team can use the Bird exception to re-sign him. There is no specific tenure requirement with one team. The only rule is that the player can't have been waived or changed teams as a free agent for three seasons. However, if a team renounces a player (see question number 33), they can't use the Bird exception to re-sign him for one year. "
Those parameters include LO and Ariza. Generally speaking, it's a safe assumption that if the player is your FA, you have his Bird rights.
AK
Posted by: Andrew Kamenetzky | October 31, 2008 at 03:08 PM
Just wondering - is Kareem spending as much time with Drew as seasons past? If so, does anybody know what they're working on, what sort of stuff Kareem would like to see out of him in the future? I've seen Drew take a couple of shots from further out in first two games... how do bloggers anticipate seeing him develop? His offensive game and his defensive game? Obviously, playing next to Pau really changes things up - he's no longer locked to the low post. This was one of the things with Kwame - he just never seemed comfortable unless he was parked right under the basket. Drew seems a real interest in stretching his game - thoughts?
Posted by: dave m | October 31, 2008 at 03:16 PM
Stay Thirsty My Friends,
It could happen. "Could" being the operative word.
By the way are you also the infamous "Kwaminus Brownicus"?
GO LAKERS!
Posted by: Jon K. | October 31, 2008 at 03:17 PM
Long Time,
>>>>>If he did, then he failed on that appeal. Barring something
>>>>>catastrophic like Kobe leaving for Europe next summer, or Buss
>>>>>changing his mind and agreeing to spend over 100 million on
>>>>>salaries, Lamar will not be with the team next year one way or another.
I don’t agree with that interpretation. Whatever arguments Mitch used when negotiating with Drew and his agent accomplished two major objectives. First, it did not alienate or disrespect Drew or his value as a player. Second, it convinced Drew to advise his agent to make the deal because he wanted to remain a Laker.
If you noticed, this is the same way that the Sasha negotiations went, with the player telling his agent to make a deal because he wanted to stay with the Lakers. I will be very interested to hear details of the negotiations from Mitch’s side because I am sure that arguments he used with both Sasha and Drew were based on the team’s overall salary cap and luxury tax situation rather than on either player’s value on the market. It is the clearly the best, safest, and most effective negotiating position for the Lakers to take.
While I suspect that Mitch will try and get Kobe and Lamar to follow, I agree that it is questionable whether Lamar can survive in the end because the Lakers will really be in stratospheric realms as far as their salary. What Mitch is trying to do is to get everybody to sacrifice to keep the team together, which may as you say be an impossible task. Remember though that nobody, even Jerry Buss, knows how high he will allow the Lakers salary and luxury tax expense to go, especially if we win a championship and look poised to win many more.
The best that Mitch can do at this point is try and get some money back on every personnel deal he cuts in the hopes that it will help keep the team together. He might not be successful enough to save Lamar, but he might gain enough to keep Farmar or Ariza or Mihm in the fold. That is why I consider the strategy successful. After all, it saved the Lakers $2M to $3M per year for 3 or 4 years, not even counting luxury taxes.
Tom
Posted by: LakerTom | October 31, 2008 at 03:18 PM
AK,
>>>>>"At the end of the day, Andrew told his agent, 'I want to get a deal done.
>>>>>I want to be a Laker,' " said Bynum's brother, Corey Thomas. "I believe
>>>>>he's a max basketball player and his agent thinks so too. But the way
>>>>>Kobe has led this team the past two years, why would Andrew want
>>>>>to go anywhere else?
>>>>>"There's something very, very special about this team and I think he felt,
>>>>>'Hey, why fight over five or six million dollars when you could have
>>>>>five championship rings?' "
Thanks for the quotes from Drew’s brother. Corey has always been an important part of Team Bynum and someone that Drew respected and looked up to. The Lakers are doubly blessed that Drew not only has stupendous talent but outstanding personal character to go along with it. From the moment he made that early comment about not needing a max contract, I was confident that the Lakers would be able to sign him to an extension. Just as confident as I was that the Lakers would not risk allowing him to become a restricted free agent. That Drew agreed to less than the max increases the hopes that Kobe and Lamar will do the same and Jerry Buss will somehow find a way to keep this great team together. For now at least, we are set for year and I doubt we will do anything to destroy the great chemistry and potential of this team.
Tom
Posted by: LakerTom | October 31, 2008 at 03:19 PM
LakerTom,
"Remember though that nobody, even Jerry Buss, knows how high he will allow the Lakers salary and luxury tax expense to go"
WOW...So now you even know that Dr. Buss hasn't made up his mind regarding Laker Budgeting!
Just curious; Do you come by this knowledge using your psychic ability, or has Dr. Buss told you personally? Or perhaps a Vulcan Mind Meld
Posted by: Eric M. | October 31, 2008 at 03:31 PM
BK,
Excellent points about Bynum’s new contract.
>>>>>The Lakers get some certainty in the budget, which could help them plan
>>>>>for the next major moves on the horizon.
Considering that the luxury tax doubles every dollar spent, precision has to be comforting to the Lakers as they pursue what I consider to be an effort to keep this team or as much of it as possible intact. I do disagree with you that the signing Drew now didn’t really change anything. In my mind, eliminating the risk that the Lakers might lose Drew in free agency is the biggest reason why they signed him now. Free agency is always a risk.
>>>>>Regarding Kobe, could having Bynum wrapped up for the next few years
>>>>>influence his decision to stay once he opts out this summer, as I'm sure he will?
I actually think that the way the Lakers have handled Sasha’s new contract and Drew’s extension will resonate with Kobe. I truly believe he will opt out and resign a long term deal for less per year to leave money on the table to help keep the team together. I also think that not signing Drew to an extension would complicate the task of getting Kobe to opt out and re-sign for less. So in my opinion, it was critical to getting Kobe do that.
>>>>>Whether or not this roster stays together in its current form really isn't
>>>>>affected by the timing of the transaction, even with the savings gained
>>>>>from reaching an agreement now rather than this summer.
Again, signing Drew now eliminates having to deal with both Kobe and Drew at the same time next summer, which would have been much more complicated. Had Drew not signed an extension, he might have harbored ill will and decided just to accept the Lakers qualifying offer, play out the year, and become an unrestricted free agent and choose where he would like to go – with the Lakers helpless to prevent it. As I said, I didn’t believe that the situation would ever end up like that, but the risk of it is real. As we have seen in free agency before, nothing is a sure thing and the ball is in the player’s court.
>>>>>Freeing up money by trading players on the team, whether Luke, Odom,
>>>>>or anyone else, isn't an easy task.
>>>>> Bottom line, the Lakers now know, assuming Kobe re-ups, that the
>>>>>core of the team will be together for a while. No debate about that.
Agree with both of those points. The extension is good news for Drew and Lakers.
Tom
Posted by: LakerTom | October 31, 2008 at 03:33 PM
yeah, I used to change my name every 3rd day but oddly, since the season is starting up, there's more topics which... is the only bad thing about this blog. When I figure out there's a new thread and I'm posting on an older, dead thread, I start posting on the new thread and then it dies in favor of a newer topic so... at some point, you just stop trying... now I'm kinda down to one liners... there's no point in saying much more, nobody will see it...
Kwaminus "I made more money than Greg Oden will" Brownicus III
Posted by: | October 31, 2008 at 03:34 PM
exhelodrvr,
You're right, unless we don't try to retain Odom, Ariza, and Mihm and whoever else with 1 year left (Powell?). that plus less money for Kobe might land someone more substantial. Not sure though as I'm not certain about how much would come off the books.
===========
As for Magic making room for Teagle, I'm sure it was Teagle. "Smooth as Silk" Wilkes was already on the roster in '77 before Magic was drafted. Doesn't matter as we all found out that unless Teagle had his back to the basket falling out of bounds he could hit a shot. Not the best spot up shooter.
Andy
Posted by: AndyN | October 31, 2008 at 03:48 PM
"Do you come by this knowledge using your psychic ability, or has Dr. Buss told you personally? Or perhaps a Vulcan Mind Meld"
It's LakerTom. He is all-knowing, and all-positive.
Posted by: "Pig" Miller | October 31, 2008 at 03:51 PM
LakerTom,
I love you, dude, but you've got to stop speaking as if you're an insider with the Lakers that knows what Jerry Buss and Mitch are thinking. Especially when there is no basis for statements like the Lakers didn't want to hurt his feelings and wanted to avoid him accepting a qualifying offer other than your own fears.
If Jerry Buss and Mitch are worried about this highly unlikely scenario I would question their abilities to run this franchise.
Posted by: Xodus | October 31, 2008 at 04:03 PM
I don't like reposting, but I am in this case:
-----------------------------------------
AK,
Thanks for your analysis and reply to Faith. Which could have equally been a reply to Plaschke.
Plaschke ignores the tax when he mentions that the Lakers would maybe risk an additional $13 million by waiting for the next off-season to match an offer sheet. The savings is more like $26 million (remember Buss gets hit with a dollar-for-dollar hit every year).
We can't ignore that the value of the dollar is plummeting at the present time. To make up that value in the future will actually require more dollars as everything league-wide will slide towards higher numbers, increasing the salary cap and the max number figure and everything else about the contract. Expect everything to move north about 10-12% by this time next year.
So, Mitch probably saved Buss more like $31-$32 million (with the tax penalty on the future money factored in).
Don't think Buss didn't figure that into the equation. He just saved himself $20-$26 million more valuable dollars over loosing some less valuable dollars in the future.
This is a direct consequence of the Fed lowering interest rates -- it devalues the dollar and makes savings accounts (and schemes) a LOT less attractive. Not that I'm against lowering the rate at this particular time, mind you. Just stating facts.
I think this is a perfect deal all the way around. Plus, like I've posted before, the timing couldn't have been more perfect. Nobody was thinking of his contract when it was consummated (we were all waiting for today to happen, of course). And, all that building drama just got completely deflated in one fell swoop.
I've gotta give Mitch a LOT of credit. And I used to bash him regularly on this very blog. I was wrong.
--Fearless
Posted by: Fearless | October 31, 2008 at 04:05 PM
BK, you wrote:
Remember, because the Lakers are over the cap, they can't shed salary without taking it on in return.
Are you sure about that? As long as the team they're trading a player to has cap space, they don't have to take anyone back. This is what the Clippers did with Camby. So the Lakers should be able to reduce their luxury tax burden as long as they find a team with cap space.
Posted by: Vincent | October 31, 2008 at 04:11 PM
AndyN,
And just about anyone else who's trying to take money out of Kobe's really-really deep pockets. His taking less than the max will probably NOT help any other player get signed. The Lakers are already over the cap. Any player trying to get a contract will cost Buss twice as much to sign as they are going to receive.
That means that Buss is going to have to decide with LO is worth $28 million, or $20 million, or whatever without respect to what he just agreed to sign Kobe for. Ariza? Same thing. The number in Buss' head is so far above what's coming out of the Agent's mouth that the two won't really be speaking the same language.
Kobe is clearly worth the extra dough. Bynum is probably worth the extra dough. Is Ariza? Is Mihm?
What Kobe earns doesn't have any impact on that quality/quantity decision at all, I don't think.
Give Kobe the max, he's deserved it. Tell Ariza he better make Buss believe he has no choice but to sign him. Mihm better do the same. It is their own play, and their own responsibility to prove their own net worth to the man with the checkbook.
Mihm is so talented that all he has to do is figure out a way to stay out of foul trouble and stay healthy and he will get a nice payday out of it, and he will stay.
Ariza has a much tougher path with Sasha, Farmar, LO and Fish in front of him. He has to outplay them all.
--Fearless
Posted by: Fearless | October 31, 2008 at 04:14 PM
Eric,
>>>>>WOW...So now you even know that Dr. Buss hasn't made up his
>>>>>mind regarding Laker Budgeting!
>>>>>Just curious; Do you come by this knowledge using your psychic ability, or
>>>>>has Dr. Buss told you personally? Or perhaps a Vulcan Mind Meld?
LOL. JMHO, Eric, since everything after this year is unchartered territory. Maybe Kobe will opt and sign with the Bobcats and we won’t have salary problem. Maybe two billion Chinese will buy Sun Yue jerseys and the Lakers marketing revenue will grow so much we can afford everybody and still make a profit. Maybe Jerry will decided he would rather spend his green on a more rings and pass a little less to Jim and Jeanie. Who knows?
Hope you’re enjoying the Lakers success as much as I am. Same with the election, too. Peace.
Tom
Posted by: LakerTom | October 31, 2008 at 04:20 PM
Vincent-
You're correct. I overlooked that aspect of the CBA, for sure. But from a practical standpoint, the basic principle still holds. There are so few teams under the cap that it trades like that are the exception to the rule. The over-the-cap team needs an asset with appeal (like Camby) that they want to move to shed payroll. The Lakers don't have that sort of guy. Instead, it would be Walton, for example. No team under the cap is going to use the space for him.
But you're right about the rule. Thanks for the pick up.
BK
Posted by: Brian Kamenetzky | October 31, 2008 at 04:24 PM
Xodus,
>>>>>I love you, dude, but you've got to stop speaking as if you're an insider
>>>>>with the Lakers that knows what Jerry Buss and Mitch are thinking.
LOL, Karl. I think I have said a million times over the last month that my comments are just my opinion based on common sense and logical extrapolation. Let’s wait and see what Mitch has to say down the road. Who knows, I may even be right. After all, it seems to me that the smart negotiating strategy is to play the team card rather than trying to claim that the player is not worth what he is seeking. Or do you think a better strategy is to tell Sasha and Drew that they were not worth the money they are asking for?
Tom
Posted by: LakerTom | October 31, 2008 at 04:27 PM
Did not know that AK. Learn something new everyday lol.
Posted by: Faith | October 31, 2008 at 04:33 PM
LakerTom,
"Or do you think a better strategy is to tell Sasha and Drew that they were not worth the money they are asking for?"
They already did tel him he wasn't worth the money he was asking for by refusing to give him the max and the two sides eventually settling on the current deal.
Posted by: Xodus | October 31, 2008 at 04:34 PM
Fearless - great post about the value of the dollar.
Stay Thirsty - yes, the threads change often now but your 'Kwaminus' tags were phenomenal - one of the hi-lights of the blog this past summer.
Tom - I for one, admire your psychic abilities. I'd ask you about a certain contest this coming Tuesday but there's really no need, haha.
Posted by: dave m | October 31, 2008 at 04:36 PM
Pig,
"It's LakerTom. He is all-knowing, and all-positive"
Kind of like the Wizard of Oz? lol
I Didn't think of that one.
We're off to see the wizard.....The wonderful wizard of Tom.
Posted by: Eric M. | October 31, 2008 at 04:36 PM
What know one is mentioning is the fact that Luke Waltons 6yr contract is holding the Lakers hostage! 30 million dollar ransome for a guy that if he were releasesd today no team would pick him up. I would'nt mind if they had signed him for three years 30 million but 6 fricking years that sounds like a inside job and Phil and Mitch are to blame for this stink of a predicament which may cost us Ariza and LO.
Posted by: chuck23 | October 31, 2008 at 04:39 PM
Again I see it
Paul Pierce crying on t.v.
I'm going to puke
Go Lakers!
Posted by: Rocky | October 31, 2008 at 04:46 PM
Indeed, Magic gave up money to get Teagle signed. And of course Teagle was a big bust.
But Magic ended up in the end with an equity share in the Lakers. That's called creative financing. Something people in Silicon Valley do all the time.
Unless, the NBA has ruled out these kinds of creative financing, Buss may also be able to work out an equity share with Kobe so Kobe takes less salary but ends up becoming another part-owner of the Lakers two years after he retires as a Laker.
Posted by: LakerinBC | October 31, 2008 at 04:49 PM
LakerTom,
"Hope you’re enjoying the Lakers success as much as I am."
Absolutely, this is a once in a lifetime team...thanks for asking.
I remember when Mike T. said things like "The Laker front office reads my posts", and GM's all over the league would know Kwame's greatness once they talked to him.
Your many crazy comments lately such as "Dr. Buss doesn't even know what he is going to do" are approaching Mike T. kookiness.
Dude....Shake yourself and come back to earth. As X posted earlier, we kind of miss the "Normal" LT.
Posted by: Eric M. | October 31, 2008 at 04:54 PM
Eric M./Xodus,
LakerTom has gotten what he wanted: Andrew Bynum in a Laker uniform for years. Yes, maybe he wanted to pay Bynum too much money, but, it's cool.
I think it's fair to allow him to celebrate even if you don't want a cup of the kool-aid he's drinking.
GO LAKERS!
Posted by: Jon K. | October 31, 2008 at 05:05 PM