Perkins turned down Celtics offer

[LilRip]

I honestly think that Perk is for us to lose. He has shown his loyalty the last time around (signing a very fair contract extension) which most of us here thought of as a "bargain".

i didn't think it was a bargain. i thought it was a fair contract extension for a largely unproven player. of course, at the time, i wasn't part of the CB community yet. but seriously, who would've paid around 7m for him then? What i don't want to happen is that we go down the Sixer route, like paying Dalembert double-digits in the millions. the Heat will definitely offer Perk the MLE (assuming an MLE still exists) of around 5-6m. I don't mind paying Perk over the MLE but not much more than that (say around 7-8m) even for multiple years (well past 2012).

[Roy H.]

A. Sherrod Blakely just confirmed the offer was "well below" $30 million, somewhere in the vicinity of "4 years, $22 million".

CelticsBlog fact checkers 1, Herald 0.

[BballTim]

A. Sherrod Blakely just confirmed the offer was "well below" $30 million, somewhere in the vicinity of "4 years, $22 million".

CelticsBlog fact checkers 1, Herald 0.

  1-0 this month, clearly that's not an all-time record.

[barefacedmonk]

Roy already mentined this...but CSNNE spoke to Perkins about this tonight.

Kendrick Perkins is still focused on remaining a Boston Celtic after he becomes a free agent this summer.

Just as important, he wants to get a contract that he deems fair market value.

And the preliminary offer made by the Celtics, according to Perkins, won't cut it.

Perkins told CSNNE.com prior to Boston's 94-89 loss to the Charlotte Bobcats that the offer made to him was for four years around $22 million.

"That wasn't it. They offered me four years, but it was closer to like $22 million," Perkins said. "You talking four years, $30 million! Shoot, that's different. That's a big difference."

When the offer was made, the C's had no idea as to when Perkins would return to the floor after having knee surgery, or how he would perform.

That makes sense now...they'll give him a better deal now that he is back on the court and looks pretty good too.

He understands that his contract situation is something that will generate a lot of interest throughout the season, but it's not something he thinks about a lot.

"It's important, don't get me wrong," Perkins said. "But my biggest priority is getting out there, doing what I can to help this team win a championship. All that other stuff, the contract, the money … it'll all work out how it's supposed to, just as long as I go out there and do my job."

Link

[thirstyboots18]

I read that because Perkins is still under contract, that they offered him an extension, which is all they are allowed, under league rules.  The Celtics knew Perkins had to turn down that offer.  Negotiations will commence when Perkins becomes a free agent.  (I am not sure if this is true, but it makes sense...)

[Chris]

I read that because Perkins is still under contract, that they offered him an extension, which is all they are allowed, under league rules.  The Celtics knew Perkins had to turn down that offer.  Negotiations will commence when Perkins becomes a free agent.  (I am not sure if this is true, but it makes sense...)

Yes, but by my calculations, they could actually offer him a 4 year $26.6 million deal right now.  So that story was not accurate.

[Roy H.]

I read that because Perkins is still under contract, that they offered him an extension, which is all they are allowed, under league rules.  The Celtics knew Perkins had to turn down that offer.  Negotiations will commence when Perkins becomes a free agent.  (I am not sure if this is true, but it makes sense...)

Yes, but by my calculations, they could actually offer him a 4 year $26.6 million deal right now.  So that story was not accurate.

How are you getting $26.6 million?  Here are my calculations:

As I mentioned on the front page, I think the Herald got this one wrong (which wouldn't be the first time).  As far as I know, the CBA doesn’t limit extensions to a “20% raise”. Rather, as Larry Coon notes, “the salary in the first year of the extension is limited to 110.5% of the salary in the last year of the existing contract.” Then, after that first year value is established, Perk could receive raises equal to 10.5% of that last year value every year.)

$5,127,429.84 (10.5% raise over last year of contract)
$5,614,650.97 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)
$6,101,872.10 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)
$6,589,093.23 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)

Total: 4 years, $23,433,046.14 (which is quite a bit less than the MLE)

Just to make sure, I reviewed the actual CBA, and it’s in line with the above:

http://www.bizofbasketball.com/index.php?option=com_content&view=article&id=677&Itemid=89

If those numbers are accurate, it’s pretty easy to see why Perk turned the extension down. He’s better off waiting until the summer, when the Celtics will have a lot fewer restrictions regarding his first year value.

If for some reason I'm calculating that wrong, let me know.

[Chris]

I read that because Perkins is still under contract, that they offered him an extension, which is all they are allowed, under league rules.  The Celtics knew Perkins had to turn down that offer.  Negotiations will commence when Perkins becomes a free agent.  (I am not sure if this is true, but it makes sense...)

Yes, but by my calculations, they could actually offer him a 4 year $26.6 million deal right now.  So that story was not accurate.

How are you getting $26.6 million?  Here are my calculations:

As I mentioned on the front page, I think the Herald got this one wrong (which wouldn't be the first time).  As far as I know, the CBA doesn’t limit extensions to a “20% raise”. Rather, as Larry Coon notes, “the salary in the first year of the extension is limited to 110.5% of the salary in the last year of the existing contract.” Then, after that first year value is established, Perk could receive raises equal to 10.5% of that last year value every year.)

$5,127,429.84 (10.5% raise over last year of contract)
$5,614,650.97 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)
$6,101,872.10 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)
$6,589,093.23 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)

Total: 4 years, $23,433,046.14 (which is quite a bit less than the MLE)

Just to make sure, I reviewed the actual CBA, and it’s in line with the above:

http://www.bizofbasketball.com/index.php?option=com_content&view=article&id=677&Itemid=89

If those numbers are accurate, it’s pretty easy to see why Perk turned the extension down. He’s better off waiting until the summer, when the Celtics will have a lot fewer restrictions regarding his first year value.

If for some reason I'm calculating that wrong, let me know.

Your right, I was using 10.5% of the previous year, not the last year of the previous contract.

This basically means that Perk will be hitting free agency, and he more than likely will not be in Boston next year. 

[BballTim]

I read that because Perkins is still under contract, that they offered him an extension, which is all they are allowed, under league rules.  The Celtics knew Perkins had to turn down that offer.  Negotiations will commence when Perkins becomes a free agent.  (I am not sure if this is true, but it makes sense...)

Yes, but by my calculations, they could actually offer him a 4 year $26.6 million deal right now.  So that story was not accurate.

How are you getting $26.6 million?  Here are my calculations:

As I mentioned on the front page, I think the Herald got this one wrong (which wouldn't be the first time).  As far as I know, the CBA doesn’t limit extensions to a “20% raise”. Rather, as Larry Coon notes, “the salary in the first year of the extension is limited to 110.5% of the salary in the last year of the existing contract.” Then, after that first year value is established, Perk could receive raises equal to 10.5% of that last year value every year.)

$5,127,429.84 (10.5% raise over last year of contract)
$5,614,650.97 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)
$6,101,872.10 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)
$6,589,093.23 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)

Total: 4 years, $23,433,046.14 (which is quite a bit less than the MLE)

Just to make sure, I reviewed the actual CBA, and it’s in line with the above:

http://www.bizofbasketball.com/index.php?option=com_content&view=article&id=677&Itemid=89

If those numbers are accurate, it’s pretty easy to see why Perk turned the extension down. He’s better off waiting until the summer, when the Celtics will have a lot fewer restrictions regarding his first year value.

If for some reason I'm calculating that wrong, let me know.

Your right, I was using 10.5% of the previous year, not the last year of the previous contract.

This basically means that Perk will be hitting free agency, and he more than likely will not be in Boston next year. 

  Why would he more than likely not be in Boston next year?

[Chris]

I read that because Perkins is still under contract, that they offered him an extension, which is all they are allowed, under league rules.  The Celtics knew Perkins had to turn down that offer.  Negotiations will commence when Perkins becomes a free agent.  (I am not sure if this is true, but it makes sense...)

Yes, but by my calculations, they could actually offer him a 4 year $26.6 million deal right now.  So that story was not accurate.

How are you getting $26.6 million?  Here are my calculations:

As I mentioned on the front page, I think the Herald got this one wrong (which wouldn't be the first time).  As far as I know, the CBA doesn’t limit extensions to a “20% raise”. Rather, as Larry Coon notes, “the salary in the first year of the extension is limited to 110.5% of the salary in the last year of the existing contract.” Then, after that first year value is established, Perk could receive raises equal to 10.5% of that last year value every year.)

$5,127,429.84 (10.5% raise over last year of contract)
$5,614,650.97 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)
$6,101,872.10 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)
$6,589,093.23 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)

Total: 4 years, $23,433,046.14 (which is quite a bit less than the MLE)

Just to make sure, I reviewed the actual CBA, and it’s in line with the above:

http://www.bizofbasketball.com/index.php?option=com_content&view=article&id=677&Itemid=89

If those numbers are accurate, it’s pretty easy to see why Perk turned the extension down. He’s better off waiting until the summer, when the Celtics will have a lot fewer restrictions regarding his first year value.

If for some reason I'm calculating that wrong, let me know.

Your right, I was using 10.5% of the previous year, not the last year of the previous contract.

This basically means that Perk will be hitting free agency, and he more than likely will not be in Boston next year. 

  Why would he more than likely not be in Boston next year?

Because I don't think they are going to be willing to pay what he is going to be offered on the open market. 

Once teams start throwing large numbers at him, I don't think the C's are going to be willing to come close enough to get him to return. 

[BballTim]

I read that because Perkins is still under contract, that they offered him an extension, which is all they are allowed, under league rules.  The Celtics knew Perkins had to turn down that offer.  Negotiations will commence when Perkins becomes a free agent.  (I am not sure if this is true, but it makes sense...)

Yes, but by my calculations, they could actually offer him a 4 year $26.6 million deal right now.  So that story was not accurate.

How are you getting $26.6 million?  Here are my calculations:

As I mentioned on the front page, I think the Herald got this one wrong (which wouldn't be the first time).  As far as I know, the CBA doesn’t limit extensions to a “20% raise”. Rather, as Larry Coon notes, “the salary in the first year of the extension is limited to 110.5% of the salary in the last year of the existing contract.” Then, after that first year value is established, Perk could receive raises equal to 10.5% of that last year value every year.)

$5,127,429.84 (10.5% raise over last year of contract)
$5,614,650.97 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)
$6,101,872.10 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)
$6,589,093.23 (raise of $487,221.13, equal to 10.5% of prior contract’s last year value)

Total: 4 years, $23,433,046.14 (which is quite a bit less than the MLE)

Just to make sure, I reviewed the actual CBA, and it’s in line with the above:

http://www.bizofbasketball.com/index.php?option=com_content&view=article&id=677&Itemid=89

If those numbers are accurate, it’s pretty easy to see why Perk turned the extension down. He’s better off waiting until the summer, when the Celtics will have a lot fewer restrictions regarding his first year value.

If for some reason I'm calculating that wrong, let me know.

Your right, I was using 10.5% of the previous year, not the last year of the previous contract.

This basically means that Perk will be hitting free agency, and he more than likely will not be in Boston next year. 

  Why would he more than likely not be in Boston next year?

Because I don't think they are going to be willing to pay what he is going to be offered on the open market. 

Once teams start throwing large numbers at him, I don't think the C's are going to be willing to come close enough to get him to return. 

  While it's clearly true that all it takes is one offer, I wonder how many good teams will have the space to throw large numbers at him.

[thirstyboots18]

The good news is that Perk said he talked to his wife and has decided that he want to stay in Boston.  (So if they come up with  what he considers a fair deal, he may give a home discount.)  Since Perk was drafted right out of high school, and grew up on and was emotionally supported by Boston during his efforts to change his body, hone his game, and rehab from his injury I would guess that he would not want to leave what he thinks of as home, family and friends.  Despite the stern appearance, Perk seems like a pretty emotional guy to me.

[barefacedmonk]

The good news is that Perk said he talked to his wife and has decided that he want to stay in Boston.

Where did you read/hear this? can you provide a link please?

[thirstyboots18]

Barefacedmonk...sorry I was just repeating something I read today...I went back and found the contract stuff (Red's Army), but haven't found the Perk quote yet.   I will let you know where it is if I come across it again...It did't occur to me to make note of the source at the time as I was just skimming through all the Celtics news on line.

[barefacedmonk]

Barefacedmonk...sorry I was just repeating something I read today...I went back and found the contract stuff (Red's Army), but haven't found the Perk quote yet.   I will let you know where it is if I come across it again...It did't occur to me to make note of the source at the time as I was just skimming through all the Celtics news on line.

Thanks...I'll be happy if it's true. There is no other center what I would want on this team..except Dwight. Perk is all about effort, hard work, team and Ubuntu.