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How are the Nets doing this?

koolkatluke

By koolkatluke,
in Charlotte Hornets

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kman72 Newbie

kman72

Posted
Posted

you can go over the cap to sign your own FA back, deron, hump g wallace, and lopez were all FA.

they had money free to take on joe johnson, they sign and trade hump and lopez to make money work for howard deal......

new cba taxes dont kick in until next yr i think

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Stroupe-a-loop Newbie

Stroupe-a-loop

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Posted

There is an exemption called "bird rights" that allows teams to go over the salary cap and into the luxury tax. You have a player's bird rights when he is under contract for more than 3 years. If you trade for a player, his bird rights go with him. They traded for Williams, wallace, johnson, and they've had lopez under contract for more than 3 years. They can go over cap to sign those 4.

Basically they got to this point by trading the entire farm for deron williams and hoping they could convince him to resign. They then committed huge amounts of money to overpay wallace and take on johnson's bad contract to help convince williams to return. If he had left, they would have been stuck with a terrible team that was overpaying 2 veterans. They gambled hard and won, so congrats to them.

It's actually not a terrible thing for charlotte as they are going to have to pay out the ass for what is probably a 3rd or 4th place team, and we get part of that luxury tax money.

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Brooklyn Bully Newbie

Brooklyn Bully

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Meanwhile, the Lakers got Nash and could get Howard. Rumors now say they're eyeing Jamison, Brand, and O'Neal. And we all know about the Heat. The NBA is this close to being unwatchable. Why even bother if you aren't a fan of like three teams. As for the players who sign lesser contracts just to get a ring, is it still the same when you win? When your team is nearly an All-Star team?

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