Perkins turned down Celtics offer

[heitingas]

As posted on the CelticsBlog

According to two league sources, Perkins has already turned down a Celtics offer that is bound by the CBA’s current restrictions — a contract extension worth slightly less than $30 million over four years, which reflects the currently mandated contract limits of a 20-percent increase and a four-year maximum.

Herald

discuss

[Celtics4ever]

With the CBA expiring and possibly changing only a fool would sign a contract.  It would be bad for both sides....

[LilRip]

approx 30m/4yrs is around 7-8m per year. i say it sounds fair given his capabilities.

in a similar vein, i just finished my first year in the Association with 2k11 and i face a similar dilemma with Perkins. In the game, he's asking for around 10-11m/yr over 4yrs. it's possible to sign him because of bird rights but what's worrisome is that i don't want Perk crippling the Celtics' cap space, and consequently the ability to sign a top-tier FA or two, come next year when KG and co retire. plus, having 10m wrapped up in him seems like a lot. so yeah... what would you guys do? lol

[indeedproceed]

Its weird but methinks that maybe..we're watching the departure of les perkins.

1) Because after KG, Ray and Paul leave...Perkins has no place on this roster. He complements the current cast well, but as a building piece, he's a role player. Its okay to overpay a role player if he is consistent and important, but without the supporting cast, Glen Davis is more important than Perkins, because no one else on the rooster can score a bucket.

2) 7.5 million is above the MLE. That means Perkins' own self imposed price tag is above the MLE.

[JSD]

approx 30m/4yrs is around 7-8m per year. i say it sounds fair given his capabilities.

in a similar vein, i just finished my first year in the Association with 2k11 and i face a similar dilemma with Perkins. In the game, he's asking for around 10-11m/yr over 4yrs. it's possible to sign him because of bird rights but what's worrisome is that i don't want Perk crippling the Celtics' cap space, and consequently the ability to sign a top-tier FA or two, come next year when KG and co retire. plus, having 10m wrapped up in him seems like a lot. so yeah... what would you guys do? lol

Sign him. Then next offseason find a team under the cap and trade him there for a first round pick (Do this right after the lottery). You get Perkins for another run with KG and the space you desire with a prospect.

[2short]

Its weird but methinks that maybe..we're watching the departure of les perkins.

1) Because after KG, Ray and Paul leave...Perkins has no place on this roster. He complements the current cast well, but as a building piece, he's a role player. Its okay to overpay a role player if he is consistent and important, but without the supporting cast, Glen Davis is more important than Perkins, because no one else on the rooster can score a bucket.

2) 7.5 million is above the MLE. That means Perkins' own self imposed price tag is above the MLE.

.

agree completely
however I believe you sign him for a bit more unless there is a trade working to bring in another young center
the current nba is no longer the shaq type power center, I think we will see more athletic 6'10" guys playing center (like perk), so while perk isn't a building block for an elite team he can fit well.  To me if we have him & rondo in place go after a dominant player in another posistion, when the 3 are ready to hang them up or come off bench.  That said I never see KG doing that

[slamtheking]

Its weird but methinks that maybe..we're watching the departure of les perkins.

1) Because after KG, Ray and Paul leave...Perkins has no place on this roster. He complements the current cast well, but as a building piece, he's a role player. Its okay to overpay a role player if he is consistent and important, but without the supporting cast, Glen Davis is more important than Perkins, because no one else on the rooster can score a bucket.

2) 7.5 million is above the MLE. That means Perkins' own self imposed price tag is above the MLE.

I agree with point 2 but not point 1.

Good solid young centers are difficult to come by.  Perk would not be the big stud which a team is built around but having him in the fold does make it easier to get that major player in the 2, 3 or 4 spots.  I don't think free agency will produce that star player regardless of what money Danny has available--not in 2012 anyways.  I think Danny has a better chance to produce another star player from the draft. 

In any case, I don't think the C's are going to be the favorite in the East after next year because Miami WILL get the supplemental PG and C they need in the next year or 2 of free agency. 

[Roy H.]

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.

[Cman]

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 new first year ever 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.

Thank you Roy.  TP.
Sad that we have to turn to unpaid "reporters" to get the facts right.  Come on Herald, it's not that tough...

[billysan]

I think Perk is going to sit back and look at the market, letting Arn Tellem get him the best deal out there within the new CBA struture. He is certainly a valuable commodity and is negotiating from a position of greater strength now that he is healthy. I also think that for Perk loyalty is important so he will strongly consider a bit of a discount for the Celtics as long he feels the offer is fair.

He may very well be looking at contract length as well as the yearly amount. Why sign for 4 years now if he can be patient and get 5 years next season? I get the feeling he is all about financial security for the future and will be careful.

[Edgar]

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 new first year ever 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.

Thank you Roy.  TP.
Sad that we have to turn to unpaid "reporters" to get the facts right.  Come on Herald, it's not that tough...

who say Roy is unpaid

You should see his monthly check
Its tough for Jeff to sign it every month
but he know  hes worth it.

Me on the other hand

[pearljammer10]

Perk would be crazy to sign an extension now. Hes going to sit back play his heart out for the rest of the year and wait for free agency to roll around.

[billysan]

Perk would be crazy to sign an extension now. Hes going to sit back play his heart out for the rest of the year and wait for free agency to roll around.

Exactly right.

[chambers]

Perk would be crazy to sign an extension now. Hes going to sit back play his heart out for the rest of the year and wait for free agency to roll around.

And if he blows the other knee out this year?
good bye money.

[Mike-Dub]

Perk would be crazy to sign an extension now. Hes going to sit back play his heart out for the rest of the year and wait for free agency to roll around.

And if he blows the other knee out this year?
good bye money.

Nobody plans for an injury to happen.