Stephon Marbury will earn $1.2 million from the Boston Celtics over the remainder of the NBA season, ESPN.com learned Friday.
A source with knowledge of league finances told ESPN.com that Boston used $1.2 million of the $2.4 million it had remaining from the midlevel salary exception. Marbury's salary will not be prorated, meaning he will earn $52,174 for each of Boston's remaining 23 regular season games.
Previous reports in various media outlets stated that Marbury would be playing for a prorated version of the NBA minimum salary, which would amount to less than a half-million dollars.
ESPN reported that we gave Starbury more than the NBA minimum. If so, I don't really understand why. Here are the potential options:
There are several options:
1) The report was wrong, and Starbury was given a $1.2 million minimum salary;
2) The team had initially offered Starbury $1.2 million prior to January 10th (when pro-rating starts) and felt bound by that offer; or
3) Starbury wouldn't sign for less, and had an offer for more than the minimum from another team. (I hope this isn't the case. If he was going to go somewhere else for more money, what does that say about his commitment to winning?)
Otherwise, I don't get it. I don't think the salary this year makes much of a difference in terms of our ability to sign him next year. We could have given him a contract up to 20% higher than the vet's minimum of $1,306,455 next season, meaning we could offer a contract around $1.56 million. With this contract, we can't offer any more than that. If the team worded the language in such a way to pay him a certain amount, and pro-rate it down to actual value of $1.2 million, that means we can offer him around $2 million to start next season. I don't think that extra $440,000 is going to make much difference in our ability to resign Starbury.
In terms of luxury tax dollars, if the team signed Starbury to a minimum contract, they'd have to pay him roughly $576k in salary, and $576 in luxury tax for the rest of the season. That's $1,152,000.
If the team paid Starbury $1.2 million in actual dollars, that means they'd owe him $2.4 million total. That's a difference of roughly $1.25 million in actual cost difference to the team. Why?
The simplest explanation is that the report is simply wrong. It had multiple inaccuracies in it (i.e., how much of the MLE we had left, how much Starbury could earn on a minimum deal) so it's just as likely that they got this wrong, as well.