Gerald Wallace and the Stretch Provision

[beantownboy171]

This past week the Detroit Piston's used the "stretch provision" to help manage their salary cap situation following the release of Josh Smith.

When teams use the "stretch provision" they pay the remainder of the players contract of twice the length of the time remaining on the contract plus 1 year.

Josh Smith had 2 years and 26 million left on his contract.

So the pistons will pay the remained of his contract over 5 years.

The original cap hit: 2 years/13 million per

Cap hit w/ provision: 5 years/5 million per


Many are proposing deals to move Wallace to generate cap space for this off-season. But I just wanted to make people aware of this provision. The celtic's will have the option this summer to use this provision on Wallace.

Going into the off-season Wallace will be owed 1 year/10.5 million.

If we use the provision on Wallace, he will be waived, and paid 10.5 million over 3 years.

Original Cap Hit: 1 year/10.5 million per

Cap Hit w/ provision: 3 years/3.5 million per

Net Savings in 2015: $7 million

I suspect Ainge plans to use this provision this summer. It will strengthen our position going into the offseason and is pretty low risk. I think you can get away with hiding the 3.5 million over the next few years.

[jdpapa3]

Chances are we don't use it.

Only makes sense if there's a really good and available FA that we like this summer. Otherwise, it's pointless. Can negotiate with FAs under the possibility of clearing the space, though.

[Eddie20]

This is a very feasible option, especially with the cap expected to rise significantly over the next few years. We'd barely feel that 3.5M from a cap perspective.

[pearljammer10]

I dont really see the sense in using the stretch on Wallace. This year and next year are going to rebuilding/shifting of assets to upgrade years. We are nowhere near cap troubles so it makes no sense to get rid of Wallace with the stretch. If we keep him, just let him stay on the bench, next year his 10.5$ might be valuable to a team looking to unload a legit player. Waiving him and paying him an extra couple years won't make much sense for us.

[PickNRoll]

Seems like the $10M will be more valuable as a trade chip / salary matcher for any potential blockbuster deal.

[puskas54_10]

Zero chance for it.
You don't use it just as a last resort.
The celtics is not going anywhere the next couple years, so absolutely no point to generate more cap space.
His contract could be also a trade ballast next year.

[D.o.s.]

Seems like the $10M will be more valuable as a trade chip / salary matcher for any potential blockbuster deal.

Exactly. In all likelihood, Wallace isn't going to get stretched -- the song remains the same from the last 1,000 times someone saw the phrase "stretch provision" in an article about something else and immediately thought of Crash.