With transactions reduced from a torrent to a trickle, the NBA is now truly in its offseason. Yes, there’s still a few prominent names out there – Lamar Odom, Antawn Jamison, Corey Maggette and Tyrus Thomas among them – but no one who is going to crash our list of the top 10 free agent signings. [Read more…]
In a minor trade which has luxury tax implications for both teams, the Boston Celtics traded project center Fab Melo to the Memphis Grizzlies for Donte Greene. The swap of Syracuse alums was announced Wednesday by the Grizzlies. Dumping Melo’s $1.3 million salary for the 2013-14 season gets the Celtics right to the tax line, according to our salary analysis. They take back Greene, who is scheduled to make $1.03 million in a non-guaranteed deal. [Read more…]
The people of Detroit, whose city recently declared bankruptcy, could use something to brighten their days a bit. And here it is. The Pistons on Wednesday unveiled a special uniform that will be worn for 10 games in the 2013-14 season. Intead of DETROIT or PISTONS across the chest, the uniforms will say MOTOR CITY. Greg Monroe is modeling them below. [Read more…]
Like three to make two, the 10-second violation and low-top sneakers, the $30 million NBA player may become a thing of the past. A handful of stars have approached and even crossed the magical monetary mountaintop, which is something when you consider that the collective bargaining agreement has a maximum salary restraint. Michael Jordan – who else? – was the first player to make $30 million in one season, negotiating about an 800 percent raise after the 1995-96 season. That was Jordan’s
The NBA’s popularity is on the rise, and the league isn’t wasting any time getting its fans engaged with the 2013-14 season. The season opens on Tuesday, Oct. 29 with LeBron James and the two-time defending champion Miami Heat getting their rings before hosting the Chicago Bulls in a game that should feature the return of Derrick Rose. James has won the MVP four of the last five years. The only time he did not win it in that span was 2011,
There are a scant few career tracks where an annual salary of at least $1 million does not mean you have reached the pinnacle of your profession. Only the best doctors and lawyers pull down more than a million a year. Before bonuses, most of the world’s top bankers draw salaries in the low seven figures. Some veteran TV news anchors have climbed above $10 million annually, but most operate in the seven-figure statosphere. And no one in politics comes close
After saying he would not use his amnesty provision, Heat president Pat Riley changed his mind and used the one-time clause on Mike Miller, saving owner Micky Arison millions in luxury tax. Tuesday was the last day for teams to waive a player via the amnesty provision, and Riley chose to let go of Miller and his $6.2 million salary. In a statement, he indicated that he tried to find a taker for Miller in a trade but was unsuccessful. “After many
Metta World Peace says he wants to play for the New York Knicks, and nobody else. Yeah, and I want to sleep with supermodels. That’s likely not happening, either. The Los Angeles Lakers are going to use their amnesty provision on World Peace and do something they really don’t do very often – make a conscious decision to save money. By letting go of the hero of their last NBA championship – who also happens to be a certified wingnut – the