The fine print
It's pretty quiet in Jazzdom these days, but I wanted to check in
with a quick update. This is nice window into the complexity of the
NBA's collective bargaining agreement and salary rules, something
agents, general managers and reporters deal with on a daily basis.
I talked through C.J. Miles' qualifying offer last week with a person
who helps draft NBA contracts for a living. He believes the $945,610
offer to Miles has to be fully guaranteed. I hadn't been able to get
an answer last week from Miles' agent, so I asked for some help.
The CBA states that the terms of the one-year qualifying offer must
have the same parameters as the terms of the previous contract. So if
a player had his previous contract fully guaranteed, the same has to
be true for the qualifying offer.
Some contracts (almost always for second-round picks and undrafted
free agents) aren't fully guaranteed until a certain date. It might
be until rosters are set at the end of October. There is a Jan. 10
deadline each season after which all contracts become guaranteed.
According to the players association database, Miles' previous
two-year contract -- the one he signed after getting drafted out of
high school -- was guaranteed in full. The same thing then would
apply to the qualifying offer.
(The amount of the qualifying offer, incidentally, is the greater of
125 percent of the player's previous salary or the minimum salary the
player is due for the upcoming season plus $175,000. Miles comes out
ahead the second way.)
The Jazz had until July 23 to withdraw the offer on their own. Now
they can only do so with Miles' agreement. Since the contract is
guaranteed, or so we believe, Miles only has to sign it and he's on
the roster for the 2007-08 season.
Miles' agent, Billy Ceisler, called last week to do a little lobbying
on his client's behalf. Miles is going to come up many millions short
of the deals that Andray Blatche and Amir Johnson - - both
second-round picks in the same draft - - signed this summer.
My question is why Miles wouldn't sign the one-year offer and return
to the market next summer as an unrestricted free agent. The Jazz
have an open starting shooting guard job and Miles would have every
opportunity to showcase his game.
The Jazz probably would like to make a relatively low-risk investment
of a couple years and a couple million in Miles, who is still just
20. But Miles might decide his big payday is only a summer away, when
the Jazz wouldn't have the right to match any offer.
Again, this is all based on the assumption that the offer is fully
guaranteed, which the source I talked to last week indicated it
definitely was. All that's waiting is for Miles to sign it.
--Ross Siler
with a quick update. This is nice window into the complexity of the
NBA's collective bargaining agreement and salary rules, something
agents, general managers and reporters deal with on a daily basis.
I talked through C.J. Miles' qualifying offer last week with a person
who helps draft NBA contracts for a living. He believes the $945,610
offer to Miles has to be fully guaranteed. I hadn't been able to get
an answer last week from Miles' agent, so I asked for some help.
The CBA states that the terms of the one-year qualifying offer must
have the same parameters as the terms of the previous contract. So if
a player had his previous contract fully guaranteed, the same has to
be true for the qualifying offer.
Some contracts (almost always for second-round picks and undrafted
free agents) aren't fully guaranteed until a certain date. It might
be until rosters are set at the end of October. There is a Jan. 10
deadline each season after which all contracts become guaranteed.
According to the players association database, Miles' previous
two-year contract -- the one he signed after getting drafted out of
high school -- was guaranteed in full. The same thing then would
apply to the qualifying offer.
(The amount of the qualifying offer, incidentally, is the greater of
125 percent of the player's previous salary or the minimum salary the
player is due for the upcoming season plus $175,000. Miles comes out
ahead the second way.)
The Jazz had until July 23 to withdraw the offer on their own. Now
they can only do so with Miles' agreement. Since the contract is
guaranteed, or so we believe, Miles only has to sign it and he's on
the roster for the 2007-08 season.
Miles' agent, Billy Ceisler, called last week to do a little lobbying
on his client's behalf. Miles is going to come up many millions short
of the deals that Andray Blatche and Amir Johnson - - both
second-round picks in the same draft - - signed this summer.
My question is why Miles wouldn't sign the one-year offer and return
to the market next summer as an unrestricted free agent. The Jazz
have an open starting shooting guard job and Miles would have every
opportunity to showcase his game.
The Jazz probably would like to make a relatively low-risk investment
of a couple years and a couple million in Miles, who is still just
20. But Miles might decide his big payday is only a summer away, when
the Jazz wouldn't have the right to match any offer.
Again, this is all based on the assumption that the offer is fully
guaranteed, which the source I talked to last week indicated it
definitely was. All that's waiting is for Miles to sign it.
--Ross Siler
6:39 PM
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