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Will the Lakers use amnesty clause on Pau Gasol?


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#21 JGuez

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Posted March 11, 2013 - 10:43 AM

lol @ anyone willing to amnesty a 19 million dollar expiring contract.

 

Glad you don't run our team.



#22 MDI

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Posted March 11, 2013 - 10:50 AM

Hes gone either way next year, whether its through amnesty or trade we dont know

 

If we dont trade him at the NBA draft or 1st week of free agency he will most likely be amnestied (2nd week of free agency in July), we'd have to pay a heavy penalty to carry a roster that has his contract, Kobe's and Dwight's


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#23 LakerGeezer

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Posted March 11, 2013 - 10:50 AM

that would be ideal. Ideally we get one or two nice wings and a draft pick. Having an extra 3 good contributing players in rotation would do wonders for this team.

With hill back and hopefully a cheaply resigned earl Clark and Jamison and some extra pieces from a pau trade hopefully Kobe, Dwight and Nash can rest

This is the ideal scenario.  Hopefully beauty/ skill will be in the eye of the beholder.



#24 alec613

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Posted March 11, 2013 - 10:51 AM

You don't amnesty assets.

 

Amnesty Artest instead


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#25 Lakersfan1211

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Posted March 11, 2013 - 11:36 AM

Only way if we amnesty Pau is if we get CP3 on board this summer lol.



#26 fido

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Posted March 11, 2013 - 12:10 PM

The Lakers won't amnesty anyone.

 

This is the dumbest idea and desperate grab for an article I've seen in a while.  Obviously someone has nothing to write about.  You don't just let a tradeable asset like Gasol go, completely preposterous.



#27 Drazard

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Posted March 11, 2013 - 12:24 PM

lol @ anyone willing to amnesty a 19 million dollar expiring contract.

 

Glad you don't run our team.


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#28 L.A.K.E.R

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Posted March 11, 2013 - 01:15 PM

You don't amnesty an expiring contract, that's just foolish.



#29 Hollywood

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Posted March 11, 2013 - 01:19 PM

i still think they will amnesty either MWP or Blake


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#30 DanishLakerFan

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Posted March 11, 2013 - 01:20 PM

Perhaps you are not understanding the full ramifications of the repeater tax.  MWP will have to be moved this offseason.  He is a better candidate for amnesty than Pau.  Pau is going to be traded if we re-sign Dwight.  If there are two things I am sure of this offseason it is: lowering our tax implications regardless of new tax thresholds and 2: Dwight re-signing.

 

In order to achieve the first, I don't see us amnestying Pau. BUT, if we did...it wouldn't be "cutting $19 mill just to spend $10 on someone else isn't marginal enough to call for amnesty..."  If we amnesty Pau is it because we want to save over $80m in taxes and payroll.

 

Lakers bring in roughly $350m a year in revenue (200+ in TV contract, 90+ ticket sales, 60+ licensing & merch).  If we don't move MWP (who has an ETO and could do us a favor) & Pau, but still re-sign Dwight to max, we are looking at over $100m in 2013-2014 PRE TAX.  The tax implications of that are astounding for repeaters. Assuming revenues grow 20% like Stern is predicting, we will be looking at a luxury tax like you said of around $84m.  That means we are 3 increments above the tax line.  For repeaters that is $4.25 for every taxable dollar.  That is massive. So even though the Lakers have the biggest revenue in the NBA, they also have the biggest expenses.  $350m goes away really quickly when you are paying Staples, overhead, front office employees, and then possibly an additional $80m+ in taxes alone.

Dont forget the 50 million in revenue sharing.



#31 West Coast

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Posted March 11, 2013 - 01:36 PM

Perhaps you are not understanding the full ramifications of the repeater tax.  MWP will have to be moved this offseason.  He is a better candidate for amnesty than Pau.  Pau is going to be traded if we re-sign Dwight.  If there are two things I am sure of this offseason it is: lowering our tax implications regardless of new tax thresholds and 2: Dwight re-signing.

 

In order to achieve the first, I don't see us amnestying Pau. BUT, if we did...it wouldn't be "cutting $19 mill just to spend $10 on someone else isn't marginal enough to call for amnesty..."  If we amnesty Pau is it because we want to save over $80m in taxes and payroll.

 

Lakers bring in roughly $350m a year in revenue (200+ in TV contract, 90+ ticket sales, 60+ licensing & merch).  If we don't move MWP (who has an ETO and could do us a favor) & Pau, but still re-sign Dwight to max, we are looking at over $100m in 2013-2014 PRE TAX.  The tax implications of that are astounding for repeaters. Assuming revenues grow 20% like Stern is predicting, we will be looking at a luxury tax like you said of around $84m.  That means we are 3 increments above the tax line.  For repeaters that is $4.25 for every taxable dollar.  That is massive. So even though the Lakers have the biggest revenue in the NBA, they also have the biggest expenses.  $350m goes away really quickly when you are paying Staples, overhead, front office employees, and then possibly an additional $80m+ in taxes alone.

 

The biggest development in the coming months is where that tax line lies.  That will dictate what the Lakers do moving forward.  84 million would be very good for the Lakers if that rumored number is what it really is come next season.

 

As of now, the Lakers have 64 million in guaranteed money for just 5 players next season (Kobe, Gasol, Nash, Blake, and Hill). 

 

There are still decisions to be made for these players:

 

Metta (ETO)

Duhon (Non-Guaranteed)

Meeks (Team option)

 

From those three, I think Meeks is back, Duhon is waived, and Metta is back but is amnestied (don't see the Lakers paying close to 8 million for a player with little to no offensive ability and declining defensive skills). 

 

If Dwight re-signs, Pau is traded, and Metta is amnestied, I see the Lakers being just over the luxury tax at about 85-90 million.  They know the following season they will be definitely be under so they won't have an issue paying a smaller portion of the tax just for one season.



#32 MDI

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Posted March 11, 2013 - 01:50 PM

They have to find a taker by the draft and 1st week of free agency or we're gonna have to pay like $100 mil to carry around Pau's expiring even during the summer...

 

http://hoopshype.com...s/la_lakers.htm


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#33 MDI

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Posted March 11, 2013 - 01:54 PM

Check it

 

http://www.cbssports...tion-for-lakers
 

If the Lakers re-sign Dwight Howard to a max deal -- and my working assumption continues to be that they will -- they would have approximately $100 million committed to nine players next season. Even if you assumed that they added no more players -- and they have to, in order to meet minimum roster requirements and, you know, beat anybody -- that figure would put them about $28 million above the anticipated luxury tax line of $72 million. (That's a guesstimate based on how much the league's cap and tax lines move up next season based on this season's revenues, which in the words of David Stern have been nothing short of robust.)

 

Up to and including this season, the luxury-tax penalty has been dollar-for-dollar. So for a team with a gazillion-dollar regional cable deal and a plethora of other resources that the L.A. market affords, a $28 million tax bill wouldn't be outlandish. Enter the new tax rates, and they're way uglier than this Lakers season has been

 


Starting next season, teams will be charged $1.50 for every dollar above the tax threshold up to $5 million. The penalty increases to $1.75 for the next $5 million, $2.50 for the next $5 million, and so on until the rate hits a crushing $3.75 for any player expenditures between $20 million and $25 million. The rate increases $0.50 for every $5 million increment behind that, not that any owner in his right mind would go there.

Given that, if the Lakers had a $100 million payroll next season and the tax line came in at $72 million, they would owe an astronomical $76.5 million in luxury tax. Let that number wash over you for a moment. That's bigger than the entire payroll of every team in the NBA this season except four: the Lakers, Heat, Nets and Knicks.

 

Not even the Lakers will pay that, especially for a team that, as currently constructed, looks to be at best a one-and-done playoff team and at worst a colossal, lottery-bound failure.

 

So what do the Lakers do? Well, Cuban took a swing at the lowest-hanging fruit when he slyly suggested that maybe they'd have to think about amnestying Bryant, who is on the books for $30.5 million next season. That would solve the entire problem by itself. (The Lakers ultimately would still be a tax team once they filled out the roster with draft picks and minimum players, but the bill would be far more reasonable.)

Will they amnesty Kobe? No, it's preposterous. Should they? Not necessarily. But their working plan of being able to manage their tax bill simply by using the amnesty provision on Metta World Peace ($7.7 million next season) would be out the window if they kept Howard.

 

The most sensible course of action would be to amnesty Pau Gasol, unless they could miraculously trade him at draft time or in July to a team with massive amounts of cap space so they wouldn't have to take back the required salary needed to otherwise make the trade work under NBA rules. If they couldn't dump Gasol in a trade, they could wipe his $19.3 million off their books next season with the amnesty provision, reducing their tax bill from $76.5 million to about $14.5 million in our hypothetical $100 million payroll example.

 

 

So if I were Gasol, I'd spend every waking moment staring at the Pacific Ocean because there's a good chance he'll never see it again.

No matter what the Lakers do, Cuban's overriding point is valid: Under the new CBA, the usual tax-paying suspects are going to have to make some extraordinarily difficult choices. Cuban was one of the few who saw this coming, and he made some of those choices proactively when he let Tyson Chandler go in 2011 after winning the championship. Even if the Lakers dodge a massive tax bill next season, their problem will roll over into 2014-15, the first year of the new repeater tax.

 

The Lakers are a tax team this year and will be a tax team next year. If they re-sign Howard, they would have only Howard's approximately $20 million salary and Steve Nash's $9.7 million on the books that year. Under the old dollar-for-dollar, non-repeater rules, the Lakers simply would've reloaded with offseason sign-and-trades or straight-up signings of multiple free agents. The free-agent class of 2014 will include LeBron James, Dwyane Wade, Chris Bosh and Carmelo Anthony. So what's the problem?

 

Well, if the Lakers were to go that route and dip into tax territory again, they'd face even more massive tax rates by virtue of spending above the tax line for a third straight season. The tax rates for such repeat offenders that season will be $2.50 for the first $5 million above the tax threshold, $2.75 for the next $5 million, $3.50 for the next $5 million, all the way up to $4.75 for a payroll between $20 million and $25 million (increasing $0.50 per $5 million above that.)

 

Let's say the Lakers spent a modest (for them) $15 million above the tax. That expenditure -- less than the price of a single max free agent -- would cost them an incredible $43.75 million. Not even the Lakers are going to sign a $15 million player when the total cost of the transaction is nearly $60 million.


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#34 MDI

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Posted March 11, 2013 - 02:03 PM

I hope we trade Pau for one small contract and like 2 draft picks, use that youth to fill out the bench and amnesty MWP


Edited by MDI, March 11, 2013 - 02:04 PM.

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#35 bigfetz

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Posted March 11, 2013 - 03:01 PM

I hope we trade Pau for one small contract and like 2 draft picks, use that youth to fill out the bench and amnesty MWP

well thats not possible being that salaries have to match. Thing is a trade really isnt going to lower our payroll. 



#36 MDI

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Posted March 11, 2013 - 03:18 PM

Salaries dont have to match if other team has capspace. Its a salary dump which is what lakers are lookin for here. Pau and MWP would be $26 mil off the books. It makes a gigantic difference

Edited by MDI, March 11, 2013 - 03:19 PM.

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#37 Japago

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Posted March 11, 2013 - 03:27 PM

It also only has to be within 125% + $100,000 for teams over the cap, which is a huge difference when talking about that much money. For example, the Lakers would only have to take back a little over $15 mil when moving Pau's $19 mil.


Edited by Japago, March 11, 2013 - 03:28 PM.

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#38 West Coast

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Posted March 11, 2013 - 04:45 PM

Check it

http://www.cbssports...tion-for-lakers


That article is slightly wrong. If Dwight re-signs, there would only be 6 players with guarenteed money (Kobe, Dwight, Nash, Blake, Hill, and Pau)

Metta has an ETO, Duhon has a non-guaranteed contract if waived by a certain date, Meeks has a team option. I assume Metta will opt-in and Meeks will be brought back, so 8 guys will have guaranteed money.

Based off money, I just don't see Pau and Metta being Lakers next season. Lakers will either be slightly under the tax line or slightly over.

#39 last stand 2.0

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Posted March 11, 2013 - 04:48 PM

i remember i suggested pau for gallinari and chandler. wish we made that deal. we'd be unstoppable right now. if denver flounders again i take that deal right over to them immediately in the offseason.

 

dwight/ hill

clark/ artest

gallinari/ chandler

kobe/ meeks

nash/ blake

 

depth......


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#40 David

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Posted March 11, 2013 - 04:56 PM

I do not want to end up like the Bulls who got nothing for Asik.


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