I hope Danny has the green light on trading Rasheed.
Why would anyone want Sheed, who is retiring?
Instant cap relief. My concern is our owners are looking for some relief and payroll reduction themselves.
Yup. But Sheed would have to make his retirement official before we can utilize it probably.
Not true - they can use his pending retirement and possibly a buyout contingent on a trade to turn him into a vanishing contract - which is really useful to two types of teams - teams that want to shed some salary for FA purposes and teams that want to shed some salary for tax purposes.
How it works:
1. Sheed agrees to a 1-2 million buyout effective when he is traded.
2. Since the third year is a player option, the salary hit is spread over one year (not sure if he can exercise his option then take the buyout - which would help any team unless its more concerned with the 2011 cap)
3. Sheed's salary is $6,322,320 so the team could acquire a player making anywhere from 4.95 million to 8.0 million dollars. Hypothetically that could shave 5-6 million (depending on the buyout).
Let's say New York still had a bunch of solid draft picks - then BOS could send Scal and Sheed to NY and help them clear another 6 million in payroll. For a poorer team that just wants to get under the tax you could send the money for the buyout also - maybe NO and take back Okafor and Julian Wright.