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Thread: Knicks to buyout Starbury

  1. #1
    Yeah, I'm a Pacers fan. MyFavMartin's Avatar
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    Default Knicks to buyout Starbury

    http://sports.espn.go.com/nba/news/story?id=3931801

    Sources: Marbury may head to Boston
    By Marc Stein

    ESPN.com
    The New York Knicks and Stephon Marbury reached a buyout agreement Tuesday afternoon that could clear the way for Marbury to sign with the Boston Celtics.

    "A comprehensive agreement was made this afternoon between the New York Knicks and Stephon Marbury," the Knicks said in a statement. "Under its terms, the grievance has been resolved and the Knicks have requested waivers on Stephon. No additional terms will be disclosed."

    Marbury is now eligible to play in the playoffs for another team because his release from New York comes before the league's Sunday deadline.

    The New York Times first reported on its Web site Tuesday afternoon that "all indications were that the two sides had reached agreement on a contract buyout that will free [Marbury] to join another franchise for the stretch run."

    There were immediate indications that Marbury will end up in Boston, as has long been anticipated, although he first must clear waivers. That will likely happen Friday if Marbury's release is made official Wednesday.

    Said one source of Marbury signing with Boston: "That's what [the Celtics] hope. Marbury has expressed interest in them and they have expressed interest in him."

    With Marbury expected to sign for a pro-rated share of the league's veteran minimum, Boston's financial risk is minimal if the experiment doesn't work and the Celtics decided to subsequently cut Marbury.

    One source close to the process indicated that Marbury and the Celtics have already commenced discussions on a contract.

    It's believed that Marbury will be forfeiting in excess of $2 million from his $20.8 million salary this season, which would net the Knicks twice that much because of the luxury-tax savings involved.

    Marbury would then be in position to recoup roughly half of what he's surrendering in his buyout from the Celtics. As ESPN.com reported Jan. 1, Boston has been hoping to sign the wayward point guard to bolster its thin bench if Marbury -- who turned 32 last week -- could manage to extricate himself from the Knicks.

    Marbury hasn't played in an NBA regular-season game since Jan. 11 of last season, but the Celtics have been concerned about their depth all season after the offseason departures of James Posey and P.J. Brown. Boston has since lost star forward Kevin Garnett to a knee injury for the next two to three weeks and reserve swingman Tony Allen to a thumb injury expected to sideline him for eight weeks.

    Earlier Tuesday, Boston signed center Mikki Moore, who was waived by Sacramento after last Thursday's trading deadline. The Celtics opened two roster spots last week by trading away veteran guard Sam Cassell and little-used center Patrick O'Bryant.

    Last week, ESPN's Stephen A. Smith reported that multiple Celtics players had recently reached out to Marbury, urging him to forfeit some salary in his long-contentious negotiations with the Knicks to prove to skeptics that he could make an impact with a championship-caliber team.

    Other contending teams such as Dallas and Miami are expected to at least inquire about Marbury's availability, but the widespread belief among NBA executives is that Marbury is Boston-bound. Had the buyout talks stretched past March 1, Marbury would not be eligible to appear in the playoffs for any other team.

    "It sounds like it's pretty much locked and loaded," one rival team official said Tuesday of Marbury joining the Celtics and reuniting with his former Minnesota teammate Garnett.

    A league source told ESPN that settlement negotiations commenced during a lunch break at Marbury's grievance hearing. Within an hour, an agreement had been reached, and the remainder of the grievance hearing was canceled, according to the source. The hearing stemmed from a grievance Marbury filed in an attempt to regain more than $400,000 in docked salary from the Knicks.

    Buyout talks had been stalled for some three months since Marbury stormed out of a Dec. 1 negotiating session after just 15 minutes.

    Participants in Tuesday's hearing -- the first face-to-face talks between the sides since the early December meeting -- included Marbury and NBA Players Association lawyer Hal Biagas as well Knicks president Donnie Walsh and coach Mike D'Antoni.

    It was initially assumed that Garnett would resist a reunion with the controversial point guard after Marbury broke up their Minnesota partnership following less than three seasons together by forcing a trade to New Jersey. But after the January report about Boston's and Marbury's mutual interest, Garnett and Marbury both spoke publicly about their willingness to play together again.

    Earlier this month, Boston's Ray Allen told ESPN.com that the defending champions would have little trouble integrating Marbury into their locker room in spite of Marbury's reputation for causing chemistry problems.

    "The great thing about this locker room is that Doc [Rivers] can coach," Allen said. "The coaches can coach. They don't have to manage this team. The [veteran] players do a great job making sure that we are all prepared to play every day and we keep whatever grumblings down."

    Marc Stein is a senior NBA writer for ESPN.com. Senior NBA writer J.A. Adande contributed to this report.

  2. #2

    Default Re: OT Knicks to buyout Starbury

    How terrible. Marbury only gets $18.8 million for playing the final 30 games or so? How is that fair? Doesn't he have a family to support? Oh, wait, the new team will pay him the difference. That's better. Yes, this is sarcasm.

  3. #3

    Default Re: OT Knicks to buyout Starbury

    Good for Boston I still think the Cavs win the East this year. I also think this is going to be the Lakers year to win it all. But I understand the move by Boston. Why not take a shot on him.

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    Default Re: OT Knicks to buyout Starbury

    So it is allegedly a 90% buyout? If he loses around 2 of 20.8, that's close.

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    Default Re: OT Knicks to buyout Starbury

    Beware the ides of March...Tinsley is next...

  6. #6
    100 Miles from the B count55's Avatar
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    Default Re: OT Knicks to buyout Starbury

    Quote Originally Posted by duke dynamite View Post
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    Beware the ides of March...Tinsley is next...
    Why am I worried about March 15th?

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    Default Re: OT Knicks to buyout Starbury

    Quote Originally Posted by count55 View Post
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    Why am I worried about March 15th?
    I don't know...of sounded good at the time.

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    Default Re: OT Knicks to buyout Starbury

    Quote Originally Posted by count55 View Post
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    Why am I worried about March 15th?
    Well, any day that marks the return of Angela Landsbury to the stage should be a day you concern yourself with.

    http://www.playbill.com/news/article/124474.html

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    Headband and Rec Specs rexnom's Avatar
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    Default Re: OT Knicks to buyout Starbury

    Quote Originally Posted by Peck View Post
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    Well, any day that marks the return of Angela Landsbury to the stage should be a day you concern yourself with.

    http://www.playbill.com/news/article/124474.html
    Wow. That's the reference you're going with there? Nice.

  10. #10
    100 Miles from the B count55's Avatar
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    Default Re: OT Knicks to buyout Starbury

    Quote Originally Posted by Peck View Post
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    Well, any day that marks the return of Angela Landsbury to the stage should be a day you concern yourself with.

    http://www.playbill.com/news/article/124474.html
    Well, "Murder She Wrote" was harrowing ,but she was good in the original "Manchurian Candidate" (as the manipulative mother) and in "The Court Jester".

    Plus, she was smokin' when she was young:


  11. #11
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    Default Re: OT Knicks to buyout Starbury

    Quote Originally Posted by count55 View Post
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    Plus, she was smokin' when she was young:
    That would imply that she's not now.
    "I had to take her down like Chris Brown."

    -Lance Stephenson

  12. #12
    100 Miles from the B count55's Avatar
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    Default Re: OT Knicks to buyout Starbury

    Quote Originally Posted by BRushWithDeath View Post
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    That would imply that she's not now.
    Yes.

    Yes it would.

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    Default Re: Knicks to buyout Starbury

    WE'RE GONNA WIN 50 GAMES NEXT SEASON!!!!


    Sorry - got carried away for a minute there. But what the heck - it's happened everywhere else.
    The poster formerly known as Rimfire

  14. #14
    Play McRoberts and Price! BRushWithDeath's Avatar
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    Default Re: OT Knicks to buyout Starbury

    Quote Originally Posted by count55 View Post
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    Yes.

    Yes it would.
    Don't act like you wouldn't.

    For the story?
    "I had to take her down like Chris Brown."

    -Lance Stephenson

  15. #15
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    Default Re: OT Knicks to buyout Starbury

    Quote Originally Posted by Hicks View Post
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    So it is allegedly a 90% buyout? If he loses around 2 of 20.8, that's close.
    I've read that 90% is the most usual buyout.

  16. #16
    100 Miles from the B count55's Avatar
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    Default Re: OT Knicks to buyout Starbury

    Quote Originally Posted by Hicks View Post
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    So it is allegedly a 90% buyout? If he loses around 2 of 20.8, that's close.
    Well, actually, there's only 26/82 of his 20.8mm left, or about $6.6mm. If he's losing $2mm, that's not really a 90% buyout, it's more like a 70% buyout.

    (They've been paying him all along, so they're only buying out the remaining portion of his contract, or the pay for the last 26 games.)

    I'd be curious if it's really $2mm, or if the reporter heard 90% and mistakenly did the math on the full season salary. A 90% buyout would be closer to $700k loss.

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    Default Re: Knicks to buyout Starbury

    I just don't understand why Boston would want him. Or anyone, for that matter.
    BLUE COLLAR GOLD SWAGGER

    @The_Real_CJake

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    It Might Be a Soft J JayRedd's Avatar
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    Default Re: Knicks to buyout Starbury

    Read my Pacers blog:
    8points9seconds.com

    Follow my twitter:

    @8pts9secs


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    Default Re: Knicks to buyout Starbury

    What a HORRIBLE commercial. Bring back Jesus Shuttlesworth.

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    Default Re: Knicks to buyout Starbury

    The question is: Will Tinsely be bought out before Sunday? March 1st is the last date that a newly signed player can play in he playoffs. If we buy him out after that date. No playoff team will get him, thus making him unemployed for the year (except for the severance pay). I doubt a non-playoff team would risk getting him.

  22. #22
    100 Miles from the B count55's Avatar
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    Default Re: Knicks to buyout Starbury

    Quote Originally Posted by Major Cold View Post
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    The question is: Will Tinsely be bought out before Sunday? March 1st is the last date that a newly signed player can play in he playoffs. If we buy him out after that date. No playoff team will get him, thus making him unemployed for the year (except for the severance pay). I doubt a non-playoff team would risk getting him.
    I'd say almost certainly not unless the arbitration hearing occurs this week, and the Pacers are forced to buy him out.

  23. #23

    Default Re: Knicks to buyout Starbury

    Quote Originally Posted by pizza guy View Post
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    I just don't understand why Boston would want him. Or anyone, for that matter.
    Because Eddie House is the backup PG and he cannot dribble when pressured. He is a 2-guard and is best used there, especially with Tony Allen out due to a thumb operation. Sam Cassell played some meaningful minutes for the Celtics last year. Rondo is better now, but I still see a benefit of having somebody to come in for 10-15 minutes who can handle the pressure.

    If he acts up you cut him. You can clearly explain to him that they won a championship without him and will attempt to do so again, with or without him. They also have to expect that Marbury will feel like he has something to prove, so they can gain from the "honeymoon" effect, which is like the first few months of having Ron Artest, when all is rosey.

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    Default Re: Knicks to buyout Starbury

    About time. They totally mishandled this situation.

  25. #25
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    Default Re: Knicks to buyout Starbury

    Quote Originally Posted by flox View Post
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    About time. They totally mishandled this situation.
    How?

    Last I heard, he wasn't willing even give up $1mm for the buyout, and he supposedly withdrew that. They'd reportedly been asking him to give back $2-3. If they really got him to pass on $2mm of the $6.6 he was still owed, then they did a nice job of making him blink.

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