Posts Tagged ‘Performance Bonus’

Getting Creative With Hassan Whiteside

May 17th, 2016 4 comments
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I have a request. I try to write posts which I believe are unique, in depth and insightful. I hope you agree. I therefore ask that you please not simply copy my work without providing proper credit. It feels rather awful to see my work being exploited. If just you ask, I am more than willing to help out anyone and everyone in any way I can.

A lot of teams talk about how they are a family. Aspire to it. But very few actually live it the way the Miami Heat organization does.

In the sports world of today, the Heat culture is rare. Heat players are nurtured. They are supported. They are disciplined. They remain family members for life (even if, eventually, they move on).

And, sometimes, they are asked to sacrifice personal successes for the greater good — be it with playing time, money, ego, or whatever else is necessary. Heat players have often sacrificed for the benefit of the organization, in ways that few other organizations can claim.

Hassan Whiteside will become an unrestricted free agent this summer. He will undoubtedly be asked to make a sacrifice, a financial one, this summer.

He certainly doesn’t need to comply. After all, he’s about to turn 27 years old. He’s made just $3.3 million thus far during his NBA career. And at least one team, if not multiple teams, will surely dangle maximum money at him. That temptation can be hard to resist.

Nobody could reasonably fault Whiteside for acquiescing. Nobody can reasonably fault any player for seeking out as much earning power as he possibly can. NBA careers are short, and can end in a flash.

But the Heat will face a challenge this summer. Even though the salary cap is projected to rise to $92 million, and even though the Heat will start the summer with just $48 million in guaranteed contracts, finding enough room to allocate to Whiteside as well as Dwyane Wade, Luol Deng and Joe Johnson will be difficult, let alone finding the room to allocate to any potential upgrades on the open market.

The Heat will have more than enough cap space with which to dole out whatever contract Whiteside demands. But with only around $40 million of free cap space, allocation decisions will be both critical and limited. Paying more money to one player could potentially mean sacrificing another.

The question therefore needs to be asked: How can the Heat balance Whiteside’s desire to maximize his earning power with its need to maintain maximum flexibility?

Can the Heat build a contract that accomplishes both needs? Is it even possible?  Read more…

Getting Creative With Amare Stoudemire

June 16th, 2010 13 comments
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Amare Stoudemire will opt out of the final year of his contract if he doesn’t sign an extension with the Phoenix Suns before the deadline at the end of this month. The All-Star power forward said there was “no chance” he would exercise the final year of his contract with the Suns without an extension, which would pay him about $17.7 million.

With Steve Kerr now out as general manager, the repercussions can be felt all the way in South Florida. Kerr played an integral role in discussions with agent Happy Walters. Over the course of the past few months, the two negotiated about as amicably as parties on opposing sides can on an extension that would have kept Stoudemire in Phoenix through 2015.

The Suns, it appears, have significantly hurt their chances of keeping Stoudemire. Those talks will now need to start anew. Walters expects to receive a finalized, formal extension offer before free agency begins on July 1, but the absence of Kerr means there is mystery now where there was none before. Unless the Suns come equipped with a maximum offer for three additional years (through the 2013/14 season) for a combined total of approximately $61 million (approximately $79 million including Stoudemire’s player option for next season), it’s likely Stoudemire will be on his way to test the free agent waters. Even with such an offer, the apparent lack of direction may be enough to turn Stoudemire away.

The Suns’ loss could be the Heat’s gain.

When healthy, Stoudemire is perhaps the most explosive low post presence in the game today. He averaged 23.1 points and 8.9 rebounds last season while playing all 82 regular season games, and was especially effective after the Suns decided against trading him at the All-Star break. His contributions on the court certainly merit at-or-near maximum contract consideration, which could pay him as much as $100 million over five seasons.

But such a long-term commitment is terrifying for a man so prone to injury. Read more…