Miles correction
As someone called to point out this week, I had one thing wrong with my previous post about C.J. Miles' free agent status. If he accepts the Jazz's qualifying offer, Miles likely still would be a restricted free agent at the end of the 2007-08 season.
The CBA states: "Any other players [non-first-round picks] will be a Restricted Free Agent at the conclusion of any player contract that expires after any of the first three seasons that the player is in the NBA, provided that the team makes a Qualifying Offer to the player."
The Jazz would have the right to match any offer sheet if they extend a qualifying offer. Miles, however, would be subject to a different set of salary rules next summer. He is currently limited by what's known as the Gilbert Arenas' rule.
In order to keep second-round picks from signing huge contracts that their current teams can't match, the NBA limited the offer sheets free-agent rookies and second-year players can sign to the average player salary/midlevel exception of $5.356 million.
That's the first-year salary. There is a provision that a team way under the salary cap can start a contract at that amount and then max out the player in the third, fourth and fifth seasons. Don't think any of this is going to apply in Miles' case.
But should Miles have a breakout 2007-08 season, he would be able to sign an offer sheet in excess of the midlevel exception. If he's that confident in his abilities, he would want to play on a one-year deal and return to the market next summer.
--Ross Siler
The CBA states: "Any other players [non-first-round picks] will be a Restricted Free Agent at the conclusion of any player contract that expires after any of the first three seasons that the player is in the NBA, provided that the team makes a Qualifying Offer to the player."
The Jazz would have the right to match any offer sheet if they extend a qualifying offer. Miles, however, would be subject to a different set of salary rules next summer. He is currently limited by what's known as the Gilbert Arenas' rule.
In order to keep second-round picks from signing huge contracts that their current teams can't match, the NBA limited the offer sheets free-agent rookies and second-year players can sign to the average player salary/midlevel exception of $5.356 million.
That's the first-year salary. There is a provision that a team way under the salary cap can start a contract at that amount and then max out the player in the third, fourth and fifth seasons. Don't think any of this is going to apply in Miles' case.
But should Miles have a breakout 2007-08 season, he would be able to sign an offer sheet in excess of the midlevel exception. If he's that confident in his abilities, he would want to play on a one-year deal and return to the market next summer.
--Ross Siler
10:28 AM
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