View Full Version : Garnett to make $28 million this season...
cincyreds
10-01-2003, 08:13 PM
How sickening is that?
28 mil for 1 player??? He is a great fantasy bball player, but sheesh, 28 mill???
I'd take it too...
He signed a new 5-year extention with the T-Wolves today.
mckerney
10-01-2003, 08:16 PM
Well, he's only gonna be making around $20 million a year when the new contract takes affect.
GrantDawg
10-01-2003, 08:22 PM
That's all? How can he live on that?
cincyreds
10-01-2003, 08:24 PM
I hate to see how much LeBron is going to make if he lives up to the hype and doesn't bust.
....(dreaming) of what I'd do with $28 million.
oykib
10-01-2003, 08:32 PM
LeBron won't make as much. There is a max value to player contracts now that is about $10. It can only go up by percentage points when you sign one after a max contract ends.
But the guys that had more than the currnet max contracts were grandfathered in at their current levels. KG could have signed a contract that percentage points higher than his previous record deal if the T-wolves wanted to give it to him. No one else could have gotten far enough under the cap to do it.
tucker342
10-01-2003, 09:28 PM
:eek:
Logan
10-01-2003, 10:00 PM
Geez guys...Jordan made $36 million in his last seasons...
EDIT: ...with the Bulls...
mckerney
10-01-2003, 10:10 PM
Don't worry, he's not going to be forced to survive on $28 million. He has endorsement money too.
MikeVic
10-01-2003, 10:51 PM
Originally posted by Logan
Geez guys...Jordan made $36 million in his last seasons...
EDIT: ...with the Bulls...
Ahh, but that was Jordan! He was worth every damn penny!
Tekneek
10-02-2003, 10:24 AM
These kinds of developments are probably the hidden reason behind why I find the NBA so boring. Further more, I can't think of any other major sport where the star players routinely show a disdain for their team, coach, and management.
cincyreds
10-02-2003, 11:54 AM
Ahh, but that was Jordan! He was worth every damn penny!
Absolutely!
mckerney
10-02-2003, 12:01 PM
Originally posted by Tekneek
Further more, I can't think of any other major sport where the star players routinely show a disdain for their team, coach, and management.
All the more reason to be a fan of Garnett.
The Afoci
10-02-2003, 01:38 PM
I would say Garnett shows probably the least amount of selfishness of any "Superstar" player. Except when it comes to his money. I am still waiting for my check bitch.
mckerney
10-02-2003, 01:41 PM
Some people just refuse to pay for your shows after your 'performances'. I can kind of understand it though, as he seems to be the type who would get freaked out by the whole, 'Jif and a Goat' routine.
Bishop
10-02-2003, 02:17 PM
Originally posted by Tekneek
These kinds of developments are probably the hidden reason behind why I find the NBA so boring.
All sports are like this.
NBA and MLB are just more public about it.
Jeff Garcia made 20 million from his contract last year.
Manning made somewhere between 20-25.
They aren't making that strictly from there salary but its in the contract incenitives once they reach certain goals, also the roster/workout/practice/signing bonus'.
Tekneek
10-02-2003, 05:13 PM
The NHL is like that? Show me some examples.
TroyF
10-02-2003, 06:17 PM
Originally posted by Tekneek
The NHL is like that? Show me some examples.
The NHL isn't quite that bad, but they do have some monster contracts going on as well.
The NFL is still the one that gets it right. Sign a long term contract and only the first couple of years is locked in. You suck after that point, you don't see any of the rest. (odds are, David Boston will never see another large contract come his way, simply ones with average signing bonuses and incentive laden deals)
The person who posted about Manning and Garcia? Wrong.
http://asp.usatoday.com/sports/football/nfl/salaries/default.aspx
Garcia has a backloaded contract which pays him modest base salaries with little incentives. He made just under 12 million last year, which was inflated because of the signing bonus. If we wait until this contract is finished, and divide the bonus vs. years played, his deal this year would come in at a modest 5-7 million dollars.
Manning is in the last year of his current deal this year. His base salary this year is something in the range of 8-10 million. His signing bonus at the time he signed his original deal wasn't nearly as large as some of the guys are getting now.
Even if some of the "incentives" are hid, there is no way a team could go 10 million over. Incentives impact the salary cap as well, they just hit it a year later. Easy to reach incentives are many times thrown back by the NFL who voids the contract.
I'm not saying these guys are hurting, but there aren't many 25 million dollar a year guys in football. Hell, even if the Chargers got pissed and released Boston this season, he'd "only" haul in 12 million in the arrangement. Not a bad year, not exactly Kevin Garnett like either. :)
TroyF
TroyF
10-02-2003, 06:20 PM
Dola,
Here is an article about Peyton's original deal:
http://www.oakridger.com/stories/081198/spo_AP-money.html
At most, the deal is 48 million over 6 years. (8 million a year for those bad at math) :)
TroyF
Bishop
10-02-2003, 06:35 PM
Originally posted by TroyF
The NHL isn't quite that bad, but they do have some monster contracts going on as well.
The NFL is still the one that gets it right. Sign a long term contract and only the first couple of years is locked in. You suck after that point, you don't see any of the rest. (odds are, David Boston will never see another large contract come his way, simply ones with average signing bonuses and incentive laden deals)
The person who posted about Manning and Garcia? Wrong.
http://asp.usatoday.com/sports/football/nfl/salaries/default.aspx
Garcia has a backloaded contract which pays him modest base salaries with little incentives. He made just under 12 million last year, which was inflated because of the signing bonus. If we wait until this contract is finished, and divide the bonus vs. years played, his deal this year would come in at a modest 5-7 million dollars.
Manning is in the last year of his current deal this year. His base salary this year is something in the range of 8-10 million. His signing bonus at the time he signed his original deal wasn't nearly as large as some of the guys are getting now.
Even if some of the "incentives" are hid, there is no way a team could go 10 million over. Incentives impact the salary cap as well, they just hit it a year later. Easy to reach incentives are many times thrown back by the NFL who voids the contract.
I'm not saying these guys are hurting, but there aren't many 25 million dollar a year guys in football. Hell, even if the Chargers got pissed and released Boston this season, he'd "only" haul in 12 million in the arrangement. Not a bad year, not exactly Kevin Garnett like either. :)
TroyF
http://espn.go.com/nfl/columns/pasquarelli_len/1567356.html
Since the season extends into the new year, atleast playoff wise, guess it counts as two seasons but regardless 20 million for garcia and 19.5 for manning. Plus a list of others.
It might not quite be the same as basketball money but it's still considerably close since the season is less games... could be Argued as more work, but less games.
Just remember reading/hearing about it before, and just now found it again , so was kinda vague on first description about it.
TroyF
10-02-2003, 07:34 PM
Again, most of that "actual" money is bonus money. When that gets divided into the years the guy played, it isn't anywhere near 20.3 million per year.
TroyF
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