Per Marc Stein: Bucks plan to buyout Larry Sanders

[Vermont Green]

I understood the problem with him is that he doesn't want to play basketball in the NBA anymore.  If that is the case a new team isn't going to change anything.  If he changes his mind and decides he really does want to play, why would he want to play on the Celtics over say Cleveland?  CLE seems perfect for him, smaller market (he doesn't seem like the Miami, LA, NYC type), but great team in terms of winning potential.

So they are just going to buy him out?  No going through waivers to see if someone else will take him?  That tells me he doesn't want to play anywhere.

[Lucky17]

From the Stein article:

The 26-year-old has been adamant that he wants to resume his NBA career despite the personal struggles that have resulted in two league suspensions in less than a year.

[kozlodoev]

From the Stein article:

The 26-year-old has been adamant that he wants to resume his NBA career despite the personal struggles that have resulted in two league suspensions in less than a year.

Vin Baker said that, too.

[Roy H.]

So they are just going to buy him out?  No going through waivers to see if someone else will take him?  That tells me he doesn't want to play anywhere.

When somebody is bought out they still go through waivers.

[D Dub]

From the Stein article:

The 26-year-old has been adamant that he wants to resume his NBA career despite the personal struggles that have resulted in two league suspensions in less than a year.

Vin Baker said that, too.

hold on now, Larry has a different vice and MA is a medical state...might be a good fit.

[hwangjini_1]

So they are just going to buy him out?  No going through waivers to see if someone else will take him?  That tells me he doesn't want to play anywhere.

When somebody is bought out they still go through waivers.

thanks roy for the info. a quick follow up for you, in the nba how does the waiver procedure work? do teams line up based upon order of suck and then say either yea or nay in turn?

[saltlover]

I understood the problem with him is that he doesn't want to play basketball in the NBA anymore.  If that is the case a new team isn't going to change anything.  If he changes his mind and decides he really does want to play, why would he want to play on the Celtics over say Cleveland?  CLE seems perfect for him, smaller market (he doesn't seem like the Miami, LA, NYC type), but great team in terms of winning potential.

So they are just going to buy him out?  No going through waivers to see if someone else will take him?  That tells me he doesn't want to play anywhere.

To be clear, "buying him out" describes the agreement between Milwaukee and Sanders to end his contract.  By rule he is placed on waivers, and if he is not claimed (which he will not be), the buyout agreement takes effect.  Also, Sanders won't be giving up any money in this negotiation.  The buyout will settle the payout schedule (since he has multiple years left), the status of any contract bonuses (should any exist), and the amount that any future contracts Sanders signs will set off what Milwaukee owes him. Often that's a 50-50 split, so for instance if Sanders were paid $2 million next year, Milwaukee's obligation to Sanders would be reduced by $1 million.

[The One]

I will predict he will sign with Bucks...

[Forza Juventus]

I like Larry Sanders. He doesn't seem like a bad guy he just seems misunderstood. If he is bought out I would give him an offer. He is really good and fits what we need.

[Fafnir]

Sanders could be taking a haircut on the buyout, that's a negotiable thing. But in this sort of situation the player doesn't have a ton of motivation to take much of a discount.

[Fafnir]

Sign him!

Yeah, why not take a swing at him.

I think a lot of teams will be saying that though, it will be interesting to see where he ends up.

[Lucky17]

I understood the problem with him is that he doesn't want to play basketball in the NBA anymore.  If that is the case a new team isn't going to change anything.  If he changes his mind and decides he really does want to play, why would he want to play on the Celtics over say Cleveland?  CLE seems perfect for him, smaller market (he doesn't seem like the Miami, LA, NYC type), but great team in terms of winning potential.

So they are just going to buy him out?  No going through waivers to see if someone else will take him?  That tells me he doesn't want to play anywhere.

To be clear, "buying him out" describes the agreement between Milwaukee and Sanders to end his contract.  By rule he is placed on waivers, and if he is not claimed (which he will not be), the buyout agreement takes effect.  Also, Sanders won't be giving up any money in this negotiation.  The buyout will settle the payout schedule (since he has multiple years left), the status of any contract bonuses (should any exist), and the amount that any future contracts Sanders signs will set off what Milwaukee owes him. Often that's a 50-50 split, so for instance if Sanders were paid $2 million next year, Milwaukee's obligation to Sanders would be reduced by $1 million.

SL, am I wrong: a TPE can be used to submit a bid on a waived player, so long as his salary fits within the value of the TPE?

I know this can be done with cap space, and I think it can be done with the MLE, so I assume a TPE would work, but am not sure.

[Vermont Green]

I understood the problem with him is that he doesn't want to play basketball in the NBA anymore.  If that is the case a new team isn't going to change anything.  If he changes his mind and decides he really does want to play, why would he want to play on the Celtics over say Cleveland?  CLE seems perfect for him, smaller market (he doesn't seem like the Miami, LA, NYC type), but great team in terms of winning potential.

So they are just going to buy him out?  No going through waivers to see if someone else will take him?  That tells me he doesn't want to play anywhere.

To be clear, "buying him out" describes the agreement between Milwaukee and Sanders to end his contract.  By rule he is placed on waivers, and if he is not claimed (which he will not be), the buyout agreement takes effect.  Also, Sanders won't be giving up any money in this negotiation.  The buyout will settle the payout schedule (since he has multiple years left), the status of any contract bonuses (should any exist), and the amount that any future contracts Sanders signs will set off what Milwaukee owes him. Often that's a 50-50 split, so for instance if Sanders were paid $2 million next year, Milwaukee's obligation to Sanders would be reduced by $1 million.

OK, that clears it up (Thanks).

What makes everyone so sure no one will claim him?  I think hearing him say he wants to play really changes his value.  Maybe we should consider trading them Wallace for him.  I know the contract extends a couple of extra seasons beyond Wallace's but if Sanders is really ready to play again (and that is a big IF), it might be a risk worth taking.  Of course if the wanting to play is just lip service to get another contract, it would be a really bad idea.

And this whole buy out thing.  It is a great strategy for a player.  Sign a good deal, go home because you don't want to play anymore, team one "buys you out", team two signs you to another contract (now two teams are paying you) and repeat.  You can keep signing and going home until there is no one left who will sign you.

[saltlover]

1) Can the two Sanders threads be merged?

2) I've been trumpeting Milwaukee as a landing spot for Bass for a month.  This clears a roster spot devoted to a frontcourt player.  I'm fairly sure they have the cap room to absorb him outright.

(And yes, I know they signed Kenyon Martin, but at this point in their careers, Bass and Martin aren't comparable.)

[Tr1boy]

No thx. Nobody is going to pick him up.

... there was league-wide interest in Josh Smith.  Someone will take a flyer on Sanders if they get to pick him up for cheap.

Josh smith was not kicked off the team for taking an illegal substance per nba standards.

Sanders is also against this standard/policy.

When was the last time you seen danny bring in problem players into the roster?