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Thread: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

  1. #401
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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by pizza guy View Post
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    tweeted yesterday, so Roberson is inaccurate now. Any interest in Tyreke Evans? I imagine he'd be affordable and might agree to a short-term "prove it" contract that would align with our timeline and maybe get him a better gig in two years?

    Shabazz Muhammad is the only player that kinda makes sense for our current situation. I'd be cool with going after him.
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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Kevin Pritchard just said during this press conference that they have not yet decided whether they will stretch Monta's contract or not, that they have some time to decide. I thought that was interesting.

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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by Hicks View Post
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    Kevin Pritchard just said during this press conference that they have not yet decided whether they will stretch Monta's contract or not, that they have some time to decide. I thought that was interesting.
    TBH, it doesnt make sense to me to stretch it. They are not competing for anything so seems more logical to just take the cap hit, get it over with than to tie up money for the next few years.

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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by IndyJones View Post
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    TBH, it doesnt make sense to me to stretch it. They are not competing for anything so seems more logical to just take the cap hit, get it over with than to tie up money for the next few years.
    That was my thought. Do they value the cap space in future years that would be taken by the remaining stretch more than they value it this year? So far, all signs point to "yes".
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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    I think if a deal comes along where they need to free up some more cap space, they will stretch Monta's contract. If not, they won't. KP said they had a little time to decide.

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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Yeah, I don't know how long they have to decide, but it seems likely they'll finish making moves in less than a week, maybe even by the start of next week, and if they're done by then they'll know which makes more sense to do.

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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    So when is he becoming a free agent?
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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Good to know that we'll only stretch Monta's contract if it makes sense to do so. The earlier report was premature.

    Monta will be a free agent when he clears waivers. Should be soon, if he hasn't already.

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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    LOL






    This thing looks not to be 100% done for some reason.
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  14. #410

    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by wintermute View Post
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    Good to know that we'll only stretch Monta's contract if it makes sense to do so. The earlier report was premature.

    Monta will be a free agent when he clears waivers. Should be soon, if he hasn't already.
    I wish him luck. Be interesting to see who or if anyone is interested. He looked done here. But he's had all summer to rest, so he will look better in the audition than he will in the play.

  15. #411

    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Anyone know how this effects us cap-wise moving forward now that it is all said and done? Hoopshype is showing 2.245 million wrapped up in this mess over the next 5 years! Is that legit?

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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by brownjake43 View Post
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    Anyone know how this effects us cap-wise moving forward now that it is all said and done? Hoopshype is showing 2.245 million wrapped up in this mess over the next 5 years! Is that legit?
    yes which is not smart imo. pacers should have taken the hit this year then moved on fresh in 18. in 3 seasons that 2.5 million can be used much more wisely if in contention.

    celtics had to unload AB in a walk year to add a key FA bc of cap issues. bad move by prichard

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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by brownjake43 View Post
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    Anyone know how this effects us cap-wise moving forward now that it is all said and done? Hoopshype is showing 2.245 million wrapped up in this mess over the next 5 years! Is that legit?
    From what I am aware we took Monta's contract and stretched it 5 years so each year we pay him a 5th of what it was worth. It counts toward the cap for that year.

    I'm not sure what happens if another team signs him to a deal?
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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by perryb85 View Post
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    From what I am aware we took Monta's contract and stretched it 5 years.................
    Is there an official report that this is what the team has done? Haven't seen anything on it.

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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by perryb85 View Post
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    From what I am aware we took Monta's contract and stretched it 5 years so each year we pay him a 5th of what it was worth. It counts toward the cap for that year.

    I'm not sure what happens if another team signs him to a deal?
    nothing. pacers pay for 5 years regardless

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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by Ryan View Post
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    nothing. pacers pay for 5 years regardless
    If someone would have picked him off waivers, wouldnt that have changed how much the Pacers owed him?
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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by Tom White View Post
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    Is there an official report that this is what the team has done? Haven't seen anything on it.
    The only thing I found was this David Aldridge Twitter Quote.

    Pacers will use stretch provision on Monta Ellis, per source. Ellis's remaining $11.2M salary will be stretched over the next 5 years.

    — David Aldridge (@daldridgetnt) July 5, 2017
    http://nba.nbcsports.com/2017/07/05/...e-monta-ellis/
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  24. #418

    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by perryb85 View Post
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    If someone would have picked him off waivers, wouldnt that have changed how much the Pacers owed him?
    Nobody is/was picking him up off waivers. He'll be lucky to get a training camp invite. His NBA playing days are over. There isn't a player in the league worse than Monta. Great careeer, but it's over

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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by I Love P View Post
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    Nobody is/was picking him up off waivers. He'll be lucky to get a training camp invite. His NBA playing days are over. There isn't a player in the league worse than Monta. Great careeer, but it's over
    Just wanted to know how that process worked in general.

    I think he would still be a good rotation player. Yes he might not be as good as he used to be, but I'm sure if he wants to keep playing, he could get a spot on a team. He definitely wasnt worth the contract he got though.
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  27. #420

    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    We have not stretched Monta Ellis yet.

  28. #421
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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by perryb85 View Post
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    If someone would have picked him off waivers, wouldnt that have changed how much the Pacers owed him?
    They would have owed him nothing. But that only applies to another team claiming his original contract. Once he clears waivers and signs a new deal, they can take off 50% of whatever his new contract is on their cap, minus the league minimum.

    Being that monte is a 10+ year vet, his minimum is $2.3 million for next season. So subtract that from his next contract, then cut the remainder in half, and the Pacers will be able to take that off their cap.
    Last edited by Kstat; 07-14-2017 at 11:20 PM.

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  30. #422
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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by imawhat View Post
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    We have not stretched Monta Ellis yet.
    My understanding was that they would only stretch him if they needed the cap space this season. No reason to do so otherwise.
    BillS

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    Or throw in a first-round pick and flip it for a max-level point guard...

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  32. #423
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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Quote Originally Posted by Kstat View Post
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    They would have owed him nothing. But that only applies to another team claiming his original contract. Once he clears waivers and signs a new deal, they can take off 50% of whatever his new contract is on their cap, minus the league minimum.

    Being that monte is a 10+ year vet, his minimum is $2.3 million for next season. So subtract that from his next contract, then cut the remainder in half, and the Pacers will be able to take that off their cap.
    That's close. It's not Monta's minimum, it's the 1-year vet minimum which is $1,312,611 for 2017-18.

    Another wrinkle is that a foreign contract also counts for the set-off. So if he signs to play in China, that helps the Pacers.

    If another team signs a player who has cleared waivers, the player's original team is allowed to reduce the amount of money it still owes the player (and lower their team salary2) by a commensurate amount. This is called the right of set-off. This is true if the player signs with any professional team -- it does not have to be an NBA team. The amount the original team gets to set off is limited to one-half the difference between the player's new salary and the minimum salary for a one-year veteran during the season in which the player is waived (if the player is a rookie, then the rookie minimum is used instead).

    For example, suppose a fifth-year player is waived with one guaranteed season remaining on his contract for $5 million. If this player signs a $2 million contract with another team for the 2017-18 season, his original team gets to set off $2 million minus $1,312,611 (the minimum salary for a one-year veteran in 2017-18), divided by two, or $343,694. The team is still responsible for paying $4,656,306 of the original $5 million. Note that between his prior team and new team the player will earn a combined $6,656,306, which was more than he earned prior to being waived.
    http://www.cbafaq.com/salarycap.htm#Q65

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  34. #424
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    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    There been even a peep about him getting signed somewhere? The guy stinks but he's not dead, hell we just signed Damien Wilkins

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  35. #425

    Default Re: Pacers Discussing Buyout With Monta - UPDATE - Monta waived

    Some team in China is the only team he'll be signing with. Maybe a team will pick him up for training camp but he's not making a 15-man roster...instead of wasting time he should just go straight to China now. Go to the Sharks they just signed Jimmer. That'd be a good team

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