Posted: Wed Jul 08, 2009 10:09 pm Post subject: Larry Coon in NY Times Again
Thought I'd post it since Larry is in it and I wasn't sure if he was going to, but it's a good read about the ramifications of a decreased salary cap:
Quote:
As handshake agreements became signed contracts Wednesday, N.B.A. teams and the potential blockbuster free-agent class of 2010 awoke to a stark forecast and a stern warning.
A lower salary cap and luxury tax threshold could curtail spending sprees for potential free agents like LeBron James.
In a memorandum sent to teams late Tuesday night, the league announced that the salary cap for the 2009-10 season would be $57.7 million, a 1.6 percent decrease from last season, and a more drastic decline for 2010-11 — perhaps as much as 5 percent — could be put in place. A copy of the memo, first reported by ESPN.com, was obtained by The New York Times.
“This is a warning to teams saying you’re responsible for the decisions you make and don’t say you haven’t been warned,” said Larry Coon...
Joined: 24 Dec 2007 Posts: 36530 Location: Santa Clarita, CA (Hell) ->>>>>Ithaca, NY -≥≥≥≥≥Berkeley, CA
Posted: Wed Jul 08, 2009 10:31 pm Post subject:
What is Larry's vocation? I thought that he was just a professor who worked with NBA stuff as a hobby... _________________ Damian Lillard shatters Dwight Coward's championship dreams:
Joined: 12 Apr 2001 Posts: 9315 Location: Los Angeles, CA
Posted: Wed Jul 08, 2009 10:38 pm Post subject:
Well, it's good to see someone from LakersGround make into the NYTimes twice and neither time involve a felony arrest. _________________ I would rather have questions I cannot answer than answers I cannot question - Richard Feynman
Yeah Larry. Now with the large amount of cash they are paying you we can upgrade the servers on LG to Google status. Celebrate. Celebrate. Celebrate with Celebrex! _________________ Stop crying and start doing.
Joined: 10 Jun 2009 Posts: 15000 Location: Retired Moniker
Posted: Thu Jul 09, 2009 4:00 pm Post subject:
Thanks for posting that article from January, I didn't know he's here locally. Come to think of it, my long-lost friend from the first grade could have been one of his students in grad school.
Joined: 02 May 2005 Posts: 90522 Location: Formerly Known As 24
Posted: Thu Jul 09, 2009 5:23 pm Post subject:
Hector the Pup wrote:
CandyCanes wrote:
What is Larry's vocation? I thought that he was just a professor who worked with NBA stuff as a hobby...
Porn-stache model.
Daily Bugle Editor. _________________ “We must always take sides. Neutrality helps the oppressor, never the victim. Silence encourages the tormentor, never the tormented.” ― Elie Wiesel
Just wondering -- re: the Larry Coon quotes shown below, would Larry and/or Kobe's agent think it's a mistake for Kobe to sign an extension this summer?
Another option is that the star players could sign extensions to their current contracts, but that could put their earnings at the whim of the future collective bargaining agreement after the current lame duck system expires in 2011. At most, James could tack on three years to his current contract via an extension.
A player’s best interest, Coon said, may still be to test free agency. That would allow James and his peers to collect as many years as they can under the current collective bargaining agreement.
“Signing an extension is a mistake because you’re putting yourself in the mercy of an agreement that hasn’t been negotiated,” Coon said.
Thanks for posting that article from January, I didn't know he's here locally. Come to think of it, my long-lost friend from the first grade could have been one of his students in grad school.
PM me the name and I'll let you know if I recognize it.
Just wondering -- re: the Larry Coon quotes shown below, would Larry and/or Kobe's agent think it's a mistake for Kobe to sign an extension this summer?
Was slightly misquoted there. I said "could be a mistake."
Any player bumping up against the maximum salary looking to sign an extension that kicks in 2011 is in the same boat. The 2011-12 salary will be dependent on whatever the maximum turns out to be that year. With the new agreement kicking in that year, they're at the mercy of whatever is negotiated.
Will they completely re-vamp how maximum salaries are defined? Probably not. But let's say negotiations are coming down to the wire, and it's a matter of making a few concessions or losing the entire season (remember, they were in this situation and nearly lost the entire season in 1999). Suppose the rank-and-file players (who far outnumber the superstars) say, "We'll give you lower maximum salaries." Suppose that in 2011 they define the maximum salary as, "No player, under any circumstance, shall earn greater than $10 million in any season." Likely? No. Possible? Yes, and it would be ratified since the rank-and-file players would win the ratification vote if it meant saving their own bacon.
Again, not likely that they'd make such a radical change. But much better to lock in specific salary -- opt-out next summer and sign a long-term deal.
Here is my question: Does this increase the probability of star players leaving to play in international countries, for a bigger payday ie. China, Europe?
If the answer is yes, is it safe to assume that the luxury tax will be crippled, and or nonexistent in the near future? Or will this eventually lead to a NFL "esque" Salary Cap?
Joined: 11 Mar 2003 Posts: 27 Location: Washington, DC
Posted: Sat Jul 11, 2009 5:18 am Post subject:
FerrisVille wrote:
Here is my question: Does this increase the probability of star players leaving to play in international countries, for a bigger payday ie. China, Europe?
If the answer is yes, is it safe to assume that the luxury tax will be crippled, and or nonexistent in the near future? Or will this eventually lead to a NFL "esque" Salary Cap?
We are just going thru the highs and lows of the nBa and economy
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Come to think of it, my long-lost friend from the first grade could have been one of his students in grad school.
