Should Big 3 Renegotiate contracts?

[Sketch5]

  Rumor has it Magic renegotiated his contract to get better players in the door.

  Should the Big 3? If its possible? Did they get rid of being able to do that?

It probably really too late, and really not worth the bother.

  KG's is the killer. Cut his in half and you could bring Nene in. But Im sure this would never come to be. 

[Fafnir]

You can't renegotiate contracts downwards like that in the NBA.

[Chris]

They got rid of it...but it magically reappeared in the new CBA.  

Now, contracts can be renegotiated to spread the salary over more years, but the salary cannot decrease by more than 40%.

Not sure how this helps the C's though.

[Chris]

You can't renegotiate contracts downwards like that in the NBA.

• A new "renegotiation and extension" provision allows an existing contract to be renegotiated so the player is paid a smaller amount over a longer period, but the player's salary cannot decrease by more than 40 percent. Renegotiations previously could only increase a player's salary.

http://espn.go.com/nba/story/_/id/7329408/new-items-added-nba-collective-bargaining-agreement

[Kane3387]

They got rid of it...but it magically reappeared in the new CBA.  

Now, contracts can be renegotiated to spread the salary over more years, but the salary cannot decrease by more than 40%.

Not sure how this helps the C's though.

Since we are playing the cap space game I can't see this helping us unless it was applied to Pierce and or Rondo.

[Chris]

They got rid of it...but it magically reappeared in the new CBA.  

Now, contracts can be renegotiated to spread the salary over more years, but the salary cannot decrease by more than 40%.

Not sure how this helps the C's though.

Since we are playing the cap space game I can't see this helping us unless it was applied to Pierce and or Rondo.

Exactly, I don't think it makes sense for the C's.  But, it is a fun new wrinkle to the CBA.

[Fafnir]

They got rid of it...but it magically reappeared in the new CBA.  

Now, contracts can be renegotiated to spread the salary over more years, but the salary cannot decrease by more than 40%.

Not sure how this helps the C's though.

Really, interesting.

It definitely doesn't help the C's since KG/Allen are expiring anyways. If we did want to keep Pierce and sign a ton of guys next summer we could knock down his number this coming offseason. (that way we wouldn't have to amnesty him)

[Chris]

They got rid of it...but it magically reappeared in the new CBA.  

Now, contracts can be renegotiated to spread the salary over more years, but the salary cannot decrease by more than 40%.

Not sure how this helps the C's though.

Really, interesting.

It definitely doesn't help the C's since KG/Allen are expiring anyways. If we did want to keep Pierce and sign a ton of guys next summer we could knock down his number this coming offseason. (that way we wouldn't have to amnesty him)

Yeah, I think it will be interesting to see how the rule actually works.  It could come into play on a team like the Knicks, if they want to find a way to get a guy like Paul signed up.

[jambr380]

  Rumor has it Magic renegotiated his contract to get better players in the door.

  Should the Big 3? If its possible? Did they get rid of being able to do that?

It probably really too late, and really not worth the bother.

  KG's is the killer. Cut his in half and you could bring Nene in. But Im sure this would never come to be. 

Nene would be great, but unfortunately, if you cut KG's contract in half, you still can't do anything, as we are way over the cap...plus, Nene is going to go for way more than $10.5 million.

As for the new rule, I agree, it would be great in the latter part of Pierce's contract.

[Roy H.]

You can't renegotiate contracts downwards like that in the NBA.

• A new "renegotiation and extension" provision allows an existing contract to be renegotiated so the player is paid a smaller amount over a longer period, but the player's salary cannot decrease by more than 40 percent. Renegotiations previously could only increase a player's salary.

http://espn.go.com/nba/story/_/id/7329408/new-items-added-nba-collective-bargaining-agreement

Any idea how this works as a practical matter?  Like, let's say we wanted to stretch Pierce, who makes $16,790,345 next year, and $15,333,334 (partially guaranteed) the following season.  What could we do with that?  Do we have to pay him the full amount owed, or can the total amount (not just next season) be lowered?

It probably won't matter, but that's a potential way to open up additional cap space.  (Also, of course, it depends on whether existing contracts can be stretched, or only new ones.)

[Chris]

You can't renegotiate contracts downwards like that in the NBA.

• A new "renegotiation and extension" provision allows an existing contract to be renegotiated so the player is paid a smaller amount over a longer period, but the player's salary cannot decrease by more than 40 percent. Renegotiations previously could only increase a player's salary.

http://espn.go.com/nba/story/_/id/7329408/new-items-added-nba-collective-bargaining-agreement

Any idea how this works as a practical matter?  Like, let's say we wanted to stretch Pierce, who makes $16,790,345 next year, and $15,333,334 (partially guaranteed) the following season.  What could we do with that?  Do we have to pay him the full amount owed, or can the total amount (not just next season) be lowered?

It probably won't matter, but that's a potential way to open up additional cap space.  (Also, of course, it depends on whether existing contracts can be stretched, or only new ones.)

Not the slightest clue.  I litterally just found about it an hour ago, as I was looking for details about trade deadlines. 

My guess is that you would still have to pay him the full amount owed, and the contract can't be extended longer than a normal contract extension is allowed...but that is all pure speculation. 

So, in your scenario, perhaps we could add an extra year to the deal, and have it go something like $12 million, $11 million, $10 million. 

Larry Coon needs to stop answering tweets, and start working on his FAQ stat!

[Meadowlark_Scal]

That would be a good idea also..free up some $$$ for new signings..We are REALLY gonna need some younger guns here, depth, backup..the knicks, miami..maybe even NJ...a lot of teams are powering up big time...!!!