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Thread: Pacers use amnesty on James Posey (post #6)

  1. #1

    Default Pacers use amnesty on James Posey (post #6)

    http://twitter.com/WojYahooNBA

    WojYahooNBA Adrian Wojnarowski
    Pacers are still mulling amnesty on James Posey and $6.9 million left on his expiring contract, league sources said.
    Last edited by Doddage; 12-12-2011 at 02:05 PM.

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  3. #2
    Member pathil275's Avatar
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    Default Re: Posey to be amnestied?

    Only makes sense if they use the remainder of their cap space to acquire OJ Mayo and then intend to bid on someone like Billups. I would actually like that a lot.

  4. #3

    Default Re: Posey to be amnestied?

    Unless the Pacers are expecting to be near the cap I do not see why they would want to do this. It might be Posey but expiring contracts are still good trading pieces aren't they?
    Last edited by IndyJones; 12-12-2011 at 01:58 PM.

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    Default Re: Posey to be amnestied?

    Quote Originally Posted by IndyJones View Post
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    Unless the Pacers are expecting to be near the cap I do not see why they do want to do this. It might be Posey but expiring contracts are still good trading pieces aren't they?
    If the player's useful. But when it's James Posey at over 7 million, just straight capspace is more valuable.

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    Default Re: Posey to be amnestied?

    How far down the cap are they going to be if they do this? can somebody check that out?

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    #Franking Heisenberg's Avatar
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    Default Re: Posey to be amnestied?

    https://twitter.com/#!/WojYahooNBA/status/146288033455554560

    The Pacers have decided amnesty James Posey and his $6.9M contract, league sources tell Y! Sports.
    He gone.

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    Default Re: Posey to be amnestied?

    @TimDonahue8p9s Tim Donahue
    @WojYahooNBA Posey's deal is actually about $7.6mm. It had a 10% Trade Kicker added when he came over from NO w/ Collison.
    .
    "George's athleticism is bananas!" - Marc J. Spears

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    Artificial Intelligence wintermute's Avatar
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    Default Re: Posey to be amnestied?

    Wow. Didn't expect that.

    We originally had about $23m in cap space, minus $10m for West, about $1m each for Foster and Pendergraph (less for Pendergraph, more for Foster, but let's ballpark for now), then freed up $7m with Posey gone. We still have something like $18m in cap space, enough for a Nene bid.

    This doesn't make sense unless we're planning big moves.

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    Default Re: Pacers amnesty James Posey (Post #4)

    Hmmm, why would we need to clear up so much cap space and try to stock pile and back up all these positions? Interesting...

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    Default Re: Pacers amnesty James Posey (Post #4)

    Give that Posey money to Dalembert and let's get this season rolling.....
    Passion. Pride. Patience. Pacers

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    Default Re: Pacers amnesty James Posey (Post #4)

    Only reason we need to amnesty Posey is if we need the cap space right now... Hmm, max deal with Gordon in the works
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    Default Re: Posey to be amnestied?

    Quote Originally Posted by Heisenberg View Post
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    "Just look at the flowers ........ BANG"

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    Default Re: Posey to be amnestied?

    Quote Originally Posted by wintermute View Post
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    Wow. Didn't expect that.

    We originally had about $23m in cap space, minus $10m for West, about $1m each for Foster and Pendergraph (less for Pendergraph, more for Foster, but let's ballpark for now), then freed up $7m with Posey gone. We still have something like $18m in cap space, enough for a Nene bid.

    This doesn't make sense unless we're planning big moves.
    Maybe we're getting someone else from the Grizz?

  21. #14

    Default Re: Pacers use amnesty on James Posey (post #6)

    an amnestied player still counts toward the salary floor, just not toward the salary cap. Thus I don't think that this necessarily means a big move is coming. It just frees a roster spot, but that spot can go to a developmental guy, like... Stanko?

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    Default Re: Pacers use amnesty on James Posey (post #6)

    Yes, Bird must have something else lined-up. Otherwise he wouldn't amnesty an expiring contract when he's not even at the cap, let alone tax zone.

    Nene?

    Sign and trade Nene for Roy Hibbert?

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    Default Re: Pacers use amnesty on James Posey (post #6)

    Maybe there's a larger trade in the works with Memphis?

    I have a feeling this is going to be a very good week for the Pacers Franchise!

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  26. #17

    Default Re: Pacers use amnesty on James Posey (post #6)

    Maybe the Pacers do bid on Billups...

    At best, he comes in and plays well for you. At worst, he retires. No skin off your back. At least it keeps him off of a rival team for the rest of the season.

    Probably not. But that is a lot of cap room...
    WE ARE NOT GETTING ERIC GORDON

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    Member LG33's Avatar
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    Default Re: Pacers use amnesty on James Posey (post #6)

    And the plot thickens...

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    Default Re: Pacers use amnesty on James Posey (post #6)

    TimDonahue8p9s Tim Donahue
    . @MikeWellsNBA Re: Posey Amnesty: Is that (a) just clearing the locker room and adding flex down the road or (b) Step 1 of something else?
    I can't wait !!!

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    Default Re: Pacers use amnesty on James Posey (post #6)

    Quote Originally Posted by cordobes View Post
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    Yes, Bird must have something else lined-up. Otherwise he wouldn't amnesty an expiring contract when he's not even at the cap, let alone tax zone.

    Nene?

    Sign and trade Nene for Roy Hibbert?
    I hope not ! We should keep this recent smart trend about money!

  30. #21

    Default Re: Pacers use amnesty on James Posey (post #6)

    So to sum it up: We traded Troy Murphy for Darren Collison and one year of James Posey.

  31. #22
    Artificial Intelligence wintermute's Avatar
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    Default Re: Posey to be amnestied?

    Quote Originally Posted by wintermute View Post
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    Wow. Didn't expect that.

    We originally had about $23m in cap space, minus $10m for West, about $1m each for Foster and Pendergraph (less for Pendergraph, more for Foster, but let's ballpark for now), then freed up $7m with Posey gone. We still have something like $18m in cap space, enough for a Nene bid.

    This doesn't make sense unless we're planning big moves.
    My numbers are badly off compared to what ESPN Insider had in the article CooperManning posted in the other thread. That one said we had $5m before, $12m now with Poset amnestied. Anyone know why? Is there a cap hold I'm missing? Or is Foster making more than I thought?

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    Default Re: Pacers use amnesty on James Posey (post #6)

    This really doesn't make any sense unless another deal is in the works. Or unless Posey was an Artest-level problem in the locker room.

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    Default Re: Pacers use amnesty on James Posey (post #6)

    I know Bird likes M. Gasol.

    Hibbert and JMac for Mayo and Gasol?

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    Default Re: Pacers use amnesty on James Posey (post #6)

    Makes you wonder what's about to happen.
    "He wanted to get to that money time. Time when the hardware was on the table. That's when Roger was going to show up. So all we needed to do was stay close"
    Darnell Hillman (Speaking of former teammate Roger Brown)

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