Sheed's agent puts rumors to rest - Sheed will retire

[nickagneta]

I still say he is retiring and will not be taking a buyout. All this buyout talk is pure 100% speculation based on nothing that has been brought forth by any parties. He has said he is retiring, whether from the Celtics or another team doesn't matter, he's walking away from the money.

[guava_wrench]

Does this mean hes walking away from the 13mil or whatever? Pretty sure it does I dont see how he could leave that on the table, hes well off im sure but [dang].

So long as he files his papers before the next season kicks in.

If he doesn't retire, he would have other problems for not honoring his contract. You can't just stay at home eating Twinkies if you have a contract to play basketball.

I'm sure he knew that he might not play out the contract when he signed it.

The alternative to leaving the money is to get in shape to play, and I don't think he wants to do that. He barely did that last season.

[Celtics4ever]

We'd be doing CLE a favor taking on Moon, he was a bust signing and horrible addition.  I'd rather have Sideshow Bob and Parker but that isn't going to happen.

[LooseCannon]

If Ainge can trade Sheed for a trade exemption, it makes sense that he should wait until the last possible moment to make that trade, since that exemption expires in a year.

Minnesota, which is under the cap by a ridiculous amount, strikes me as the ideal team to make a trade with.

An agreement to negotiate a buyout as part of any trade could be one reason why Sheed is willing to delay formal retirement and help out Boston.  That would certainly be consistent with his "cut the check" mentality.

[hpantazo]

one thing is for sure, with Sheed gone and Perk out for most of next season, to be replaced by Jermaine and Shaq, the love we get from the refs will skyrocket.

[BballTim]

If he doesn't retire, he would have other problems for not honoring his contract. You can't just stay at home eating Twinkies if you have a contract to play basketball.

  I have a hard time believing this is true. What was Marbury doing when the Knicks sent him away, or Tinsley when the Pacers didn't want him with the team? (by the way, the fact that Marbury may have been eating vaseline and not twinkies is neither here nor there).

[BballTim]

I still say he is retiring and will not be taking a buyout. All this buyout talk is pure 100% speculation based on nothing that has been brought forth by any parties. He has said he is retiring, whether from the Celtics or another team doesn't matter, he's walking away from the money.

  There was originally talk of a buyout, but I'm sure it was just rumor. I assumed if it was true it was just a wink-wink way to go over the MLE. "We can only officially pay you $5.9M for 1 year, but we can sign you to a longer contract and give you a buyout after the first year, adding a million or two to that $5.9M".

[blake]

Sheed and a 1st for MoPete.  Everybody wins.

[FallGuy]

Sheed and a 1st for MoPete.  Everybody wins.

Except the Celtics.

That's a terrible trade for Boston. Sheed's contract AND a first? I wouldn't give up either, muchless both.

[nickagneta]

Sheed and a 1st for MoPete.  Everybody wins.

Except the Celtics.

That's a terrible trade for Boston. Sheed's contract AND a first? I wouldn't give up either, muchless both.

What he said.

[Sizzlack]

I think the most likely scenario is dealing his contract over to a team with cap space, to acquire the trade exception.

The only reason I do not think this is a really likely option is that there are very few teams with that kind of cap space remaining.  Given the value in a trade exception like that, and the likely-hood that it would still eat up a few million of their cap space after a buyout, the C's may have to pay a premium to get it done.  I am not sure a couple million, plus a second round pick would be enough, particularly at this point in the offseason.  Teams have often gotten first round picks out of deals like this at the trade deadline, and they may balk at doing it over the summer and not even getting that.

And, if Danny uses a first round pick just to get the trade exception, he will have very few assets to combine with that trade exception to get a quality player for it later in the season.

I hope I am wrong about this, but just don't think its that easy.

Washington, Sacramento, and New Jersey are all teams with the cap space to pull it off right now. SAK and NJN each have about 14mil to spend, meaning they could absorb Sheed's deal and still have plenty to spare.

It's unlikely their looking to do much with that cap room right now, as the FA market is pretty much picked dry, and both teams have young talent they'd rather give PT to to help them develop.

You have a point that they might keep it open, and try to net a 1st round pick at the trade deadline, as the third team, in a 3 team deal that can absorb an expiring deal, and allow another team to acquire their player. But, I don't think it's completely out of the question that they wouldn't consider doing it for a second rounder.

You have to consider the only cap hit they take is his buyout prorated over the next two years (length of his deal) so if he buy out for 2mil, the team only takes a 1mil cap hit over the next two years. Not a terrible price to pay.

[Fan from VT]

I think the trade exception scenario is still likely. Remember, retirement means no buyout...the money on the contract just disappears.

So if you were running a team under the cap, wouldn't you take on sheed's deal plus a million dollars or so? Sheed would then retire, and you'd end up with the exact same cap space you had before the deal, plus free money or a second round pick. You'd literally be in the exact same situation as you were pre-shaq, just one more 2nd rounder or a couple million richer. hard to see why a team wouldn't do that.

[Fan from VT]

I think the most likely scenario is dealing his contract over to a team with cap space, to acquire the trade exception.

The only reason I do not think this is a really likely option is that there are very few teams with that kind of cap space remaining.  Given the value in a trade exception like that, and the likely-hood that it would still eat up a few million of their cap space after a buyout, the C's may have to pay a premium to get it done.  I am not sure a couple million, plus a second round pick would be enough, particularly at this point in the offseason.  Teams have often gotten first round picks out of deals like this at the trade deadline, and they may balk at doing it over the summer and not even getting that.

And, if Danny uses a first round pick just to get the trade exception, he will have very few assets to combine with that trade exception to get a quality player for it later in the season.

I hope I am wrong about this, but just don't think its that easy.

Washington, Sacramento, and New Jersey are all teams with the cap space to pull it off right now. SAK and NJN each have about 14mil to spend, meaning they could absorb Sheed's deal and still have plenty to spare.

It's unlikely their looking to do much with that cap room right now, as the FA market is pretty much picked dry, and both teams have young talent they'd rather give PT to to help them develop.

You have a point that they might keep it open, and try to net a 1st round pick at the trade deadline, as the third team, in a 3 team deal that can absorb an expiring deal, and allow another team to acquire their player. But, I don't think it's completely out of the question that they wouldn't consider doing it for a second rounder.

You have to consider the only cap hit they take is his buyout prorated over the next two years (length of his deal) so if he buy out for 2mil, the team only takes a 1mil cap hit over the next two years. Not a terrible price to pay.

I don't think taking sheed would hurt the cap space of any of those teams at all. so they have 14 million. they'd drop down to about 7.5 million in space the day they accept sheed. then sheed retires, which doesn't count against the cap...they bump back up to 14 immediately.

[Jon]

I think the trade exception scenario is still likely. Remember, retirement means no buyout...the money on the contract just disappears.

So if you were running a team under the cap, wouldn't you take on sheed's deal plus a million dollars or so? Sheed would then retire, and you'd end up with the exact same cap space you had before the deal, plus free money or a second round pick. You'd literally be in the exact same situation as you were pre-shaq, just one more 2nd rounder or a couple million richer. hard to see why a team wouldn't do that.

Yes.  Assuming you wanted to essentially give away the player that you are trading to us.  It was one thing when we were talking about a sign and trade for Shaq or Josh Howard, but I think the disparity is when we're talking about guys like Shane Battier. 

Houston may be looking to dump salary (but I'm not sold on that even), but I don't think they're looking to hand Battier to us for a 2nd round pick and cap relief. 

I think we're likely only going to get overpaid player teams are pretty anxious to dump. 

And that's why I don't think Posey is a stretch.  His talent doesn't justify his salary; however, on a team like ours in need of a big 3 and having no cap space, he could be worth it to us. 

[More Banners]

I think the trade exception scenario is still likely. Remember, retirement means no buyout...the money on the contract just disappears.

So if you were running a team under the cap, wouldn't you take on sheed's deal plus a million dollars or so? Sheed would then retire, and you'd end up with the exact same cap space you had before the deal, plus free money or a second round pick. You'd literally be in the exact same situation as you were pre-shaq, just one more 2nd rounder or a couple million richer. hard to see why a team wouldn't do that.

Yes.  Assuming you wanted to essentially give away the player that you are trading to us.  It was one thing when we were talking about a sign and trade for Shaq or Josh Howard, but I think the disparity is when we're talking about guys like Shane Battier. 

Houston may be looking to dump salary (but I'm not sold on that even), but I don't think they're looking to hand Battier to us for a 2nd round pick and cap relief. 

I think we're likely only going to get overpaid player teams are pretty anxious to dump. 

And that's why I don't think Posey is a stretch.  His talent doesn't justify his salary; however, on a team like ours in need of a big 3 and having no cap space, he could be worth it to us. 

Yes, yes, yes.  He's not worth it, but he's worth it TO US.  Yes, he's dropped off, but still better than most other options (I'd prefer a flier on T-Mac for the minimum).

I don't think a trade for an exception would be welcomed by the league since he's already announced his retirement...a bit too much of a stretch there to not raise the "circumvent the cap" flag, but it might just let it go...