Cassell is being traded to the Kings for a 2nd rounder

[thebirdman]

If we waived Sam and nobody picked him off waivers his salary would still count against the cap. This way we got rid of his salary, saved some money and opened up a roster spot...

[Fafnir]

Cassell comes in the final year of his deal worth $1.2 million, and the cash coming the Kings' way is expected to be in the neighborhood of $500,000.

Okay, so Sam is paid off and bought out with the $500,000 And the C's save the $500,000 LT hit...

Why would the Kings make this deal? Is this a rapport building trade?

They could be buying him out for 250k or some other figure. If the buyout or remaining salary is less than 500k they will make money on the swap.

It could amount to tens of thousands of dollars for giving up nothing. The Kings are losing a ton of money so that provides a strong financial incentive.

Yes, this is possible... but wouldn't Sam have to agree on that buyout figure?

They could be working that out today, or they could just run the numbers assuming Sam gets every dollar his contract says he is due. So there wouldn't be any real need to negotiate.

[Roy Hobbs]

Cassell comes in the final year of his deal worth $1.2 million, and the cash coming the Kings' way is expected to be in the neighborhood of $500,000.

Okay, so Sam is paid off and bought out with the $500,000 And the C's save the $500,000 LT hit...

Why would the Kings make this deal? Is this a rapport building trade?

The article is a little misleading in terms of the financial figures.  While Sam is making around $1.2 million, the team is only paying him $797,581; the league subsidizes the rest for veteran salaries.

The team is through 63.4% of its schedule, and Sam has earned that amount of his salary.  That means he's owed approximately $291,798 for the rest of the season by whatever team is paying him.

So, in the case, a $500,000 cash payment gives the Kings over $200,000 in their pocket, plus whatever additional savings they can get by buying Sam out.  The Celtics, on the other hand, save the $291,788 owed to Sam, plus luxury tax on the *entire* $797,581.  That means the team is paying $500,000 to save $1,089,369.  It's my understanding that if the team signs another player to the veteran minimum, they only have to pay luxury tax on the pro-rated salary of that player.

[nickagneta]

So this effectly means no Cassell in the playoffs since even if the Kings waive Sam, he couldn't rejoin the Celtics for 30 days which would put it after the March 1st roster deadline for being playoff eligible.

I don`t think that is true. He just needs to be waived before March 1st. A player is still eligible for the playoffs if he signs with a team until the the last day of the regular season...

Correct.

I was pretty sure a player traded to another team that is then bought out or waived can not rejoin his former team for 30 days which would then exclude him from being added to a post season roster.

[bdm860]

So this effectly means no Cassell in the playoffs since even if the Kings waive Sam, he couldn't rejoin the Celtics for 30 days which would put it after the March 1st roster deadline for being playoff eligible.

I don`t think that is true. He just needs to be waived before March 1st. A player is still eligible for the playoffs if he signs with a team until the the last day of the regular season...

Correct.

I was pretty sure a player traded to another team that is then bought out or waived can not rejoin his former team for 30 days which would then exclude him from being added to a post season roster.

Just see Brent Barry last year.  Traded by the Spurs to the Sonics on February 20th,  waived before March 1, but didn't re-sign till March 24th, after the 30 day waiting period.

[Roy Hobbs]

So this effectly means no Cassell in the playoffs since even if the Kings waive Sam, he couldn't rejoin the Celtics for 30 days which would put it after the March 1st roster deadline for being playoff eligible.

I don`t think that is true. He just needs to be waived before March 1st. A player is still eligible for the playoffs if he signs with a team until the the last day of the regular season...

Correct.

I was pretty sure a player traded to another team that is then bought out or waived can not rejoin his former team for 30 days which would then exclude him from being added to a post season roster.

You're correct that Sam couldn't rejoin the team for 30 days.

You're incorrect, though, in thinking that that 30 day limitation precludes Sam from joining the playoff roster.  Players only need to be bought out prior to March 1 -- rather than signing with a new team prior to March 1 -- to be eligible for the playoff roster.  If Sam was bought out on, say, February 25, he couldn't join the Celtics until March 27 or so, but he'd still be able to play in the playoffs.

Here’s where things get interesting. If the team was planning on bringing Sam back, financially this may make sense. If Sam stayed on the team the entire season, the Celts would have owed him roughly $1.6 million in salary plus luxury tax. If he comes back with roughly 20 games left, (and if and only if the league treated Sam like any other minimum-salaried player) the team would only owe him approximately $389,000 in salary plus luxury tax: ($797,581 * 20/82s, doubled). Thus, if their plan is to only have Sam play a limited number of games prior to the playoffs, this trade would allow them to do so, while getting them approximately $205,000 in savings after paying Sacramento off ($1.6 million combined salary pre-trade – $505,666 paid salary to date – $389,000 current luxury tax – $500,000 to Sacramento = $205,334).

This assumes that the league treats Sam as any other minimum salaried player the team adds for the stretch run, rather than viewing this as a means of circumventing the salary cap.

[nickagneta]

So this effectly means no Cassell in the playoffs since even if the Kings waive Sam, he couldn't rejoin the Celtics for 30 days which would put it after the March 1st roster deadline for being playoff eligible.

I don`t think that is true. He just needs to be waived before March 1st. A player is still eligible for the playoffs if he signs with a team until the the last day of the regular season...

Correct.

I was pretty sure a player traded to another team that is then bought out or waived can not rejoin his former team for 30 days which would then exclude him from being added to a post season roster.

You're correct that Sam couldn't rejoin the team for 30 days.

You're incorrect, though, in thinking that that 30 day limitation precludes Sam from joining the playoff roster.  Players only need to be bought out prior to March 1 -- rather than signing with a new team prior to March 1 -- to be eligible for the playoff roster.  If Sam was bought out on, say, February 25, he couldn't join the Celtics until March 27 or so, but he'd still be able to play in the playoffs.

Also, if the team *was* planning on bringing Sam back, financially this may make sense.  If Sam stayed on the team the entire season, the Celts would have owed him roughly $1.6 million in salary plus luxury tax.  If he comes back with roughly 20 games left, (and if and only if the league treated Sam like any other minimum-salaried player) the team would only owe him approximately $640,000 in salary plus luxury tax.  Thus, if their plan is to only have Sam play a limited number of games prior to the playoffs, this trade would allow them to do so, while getting them approximately $500,000 in savings after paying Sacramento off.

Ahhhhhhhhhhhhhhhhhhh!!!!!!!!!!!!!!!

Thanks for the info. TP.

[Jeff]

thanks for the research and financial analysis Roy!

[Bankshot]

thanks for the research and financial analysis Roy!

Yes, Roy's the man!

I saw a thread titled "Ask Edgar", shouldn't one be started for Roy?

[Roy Hobbs]

thanks for the research and financial analysis Roy!

Yes, Roy's the man!

I saw a thread titled "Ask Edgar", shouldn't one be started for Roy?

We have one:

http://forums.celticsblog.com/index.php?topic=20970.0



The only difference is, I deal with boring salary cap / financial stuff, and Edgar answers questions dealing with the important stuff in life. 

[Roy Hobbs]

So this effectly means no Cassell in the playoffs since even if the Kings waive Sam, he couldn't rejoin the Celtics for 30 days which would put it after the March 1st roster deadline for being playoff eligible.

I don`t think that is true. He just needs to be waived before March 1st. A player is still eligible for the playoffs if he signs with a team until the the last day of the regular season...

Correct.

I was pretty sure a player traded to another team that is then bought out or waived can not rejoin his former team for 30 days which would then exclude him from being added to a post season roster.

You're correct that Sam couldn't rejoin the team for 30 days.

You're incorrect, though, in thinking that that 30 day limitation precludes Sam from joining the playoff roster.  Players only need to be bought out prior to March 1 -- rather than signing with a new team prior to March 1 -- to be eligible for the playoff roster.  If Sam was bought out on, say, February 25, he couldn't join the Celtics until March 27 or so, but he'd still be able to play in the playoffs.

Also, if the team *was* planning on bringing Sam back, financially this may make sense.  If Sam stayed on the team the entire season, the Celts would have owed him roughly $1.6 million in salary plus luxury tax.  If he comes back with roughly 20 games left, (and if and only if the league treated Sam like any other minimum-salaried player) the team would only owe him approximately $640,000 in salary plus luxury tax.  Thus, if their plan is to only have Sam play a limited number of games prior to the playoffs, this trade would allow them to do so, while getting them approximately $500,000 in savings after paying Sacramento off.

Ahhhhhhhhhhhhhhhhhhh!!!!!!!!!!!!!!!

Thanks for the info. TP.

I edited my numbers a bit above, to hopefully clarify things a bit.  The actual savings, should Sam play 20 games with the Celts, should be closer to $205,000, after paying off Sacramento.

[dark_lord]

thanks for the research and financial analysis Roy!

Yes, Roy's the man!

I saw a thread titled "Ask Edgar", shouldn't one be started for Roy?

i agree.....the guy knows everything!

[ManUp]

I don't see where exactly it says the pick will be heavily protected.

[Redz]

Who's going to be the 7th coach now?

[Redz]

thanks for the research and financial analysis Roy!

Yes, Roy's the man!

I saw a thread titled "Ask Edgar", shouldn't one be started for Roy?

We have one:

http://forums.celticsblog.com/index.php?topic=20970.0



The only difference is, I deal with boring salary cap / financial stuff, and Edgar answers questions dealing with the important stuff in life. 

Such is the attorneys lot in life