Considering he is on the downside of his career, I have a difficult time believing Crawford can command much more than 5M/yr. Maybe 6M. I hope if he's still around the Pacers offer him another half million a year. Man, it's amazing how much these guys are paid.
He seems to be considering three teams:
1) Sacto: Must be offering the most money
2) Portland: Closest to his hometown of Seattle
3) Knicks: He played most of his career there and provides a really good chance to win. Would kind of right a wrong.
We were offering the same money as Portland, but he would rather go almost home.
Slug 'em Sabres!!!!!
Looks like we dropped the ball on this one.
Went from getting one of two useful potential combo guards, to getting none at all
Are we now going to focus our attention to Mayo??
McBob is gone, so that S&T will not work.
"So, which one of you guys is going to come in second?" - Larry Bird before the 3 point contest. He won.
In 49 states it's just basketball, but this is Indiana!
Crawford is proof that pro basketball players aren't always the most intelligent people. He thinks he can go elsewhere for less money and prove himself worthy of a larger contract on next years free agent market. At his age the money will only go downhill from here. He won't be getting another 5 mil contract offer again.
So, missing out on Mayo and Crawford. If the Pacers stand pat, where does that leave them financially for next summer? Good enough to make an offer the Clips cant match on Gordon if he chooses not to extend there and becomes a RFA?
There is nothing the Clippers wouldn't match.
However, if the Clips struggle this season I could see Sterling getting cheap again with his money. He spent a lot this offseason.
"They want to be famous. We want to be champions. They want to be rappers and backup dancers. We want to play football." - T.J. Ward, Denver Broncos
Eh, i say just go into the season as we are. The trade deadline is still a long ways away, and we were gonna have a hard enough time juggling backcourt minutes as it is without someone like crawford coming over and expecting 30 MPG.
I'm comfortable with George and Hill that spot.
This is a whole 'nother thread but, to play devil's advocate, Stephen Graham will likely make how much over his career? 10 million? More? Probably not. That's high. Assuming no taxes or no expenses (incredibly unrealistic), Graham now has to make that 10 million last from 20 until death. There is an NBA pension that kicks in at 62 but it is less than generous for players that have a small career (the average per annum under the last CBA was around 50K). Assuming that Graham lives until 80 years old, that's 10 million over 60 years, which is about 160K/year.
This is a basic model--players can certainly invest money. However, they are also likely to have expenses and serious tax deductions (I also may have gotten some of the nuances of the pension wrong--more knowledgeable folks can correct me).
To further complicate the story, there is a whole literature in behavioral economics about how people with lumpsum salaries or lottery winners are worse at savings and investment. Thus, we would expect players--regular folks that make most of their money in a short period of time--to be particularly bad at saving and investing their money for a variety of reasons.
Sure, NBA salaries are inflated. However, they aren't as inflated as they might seem at first glance. Definitely 1% level, but not as egregious as it might seem.
Or maybe he thinks his value is more likely to decrease on a team that's fairly crowded at the guard spots.
If I were him, I'd take Brandon Roy's spot in Portland for the $5mil, opt out after one year, and look to sign with some team (maybe even Portland) for more next year when even more teams will have cap space.
Nuntius was right. I was wrong. Frank Vogel has retained his job.
"A player who makes a team great is more valuable than a great player. Losing yourself in the group, for the good of the group, thatís teamwork."
That being said, we are the ones who entitle them. We create the market for professional sports. The salary cap and, by extension, salaries are based off of basketball-related income. Fan consumption is, more or less, basketball-related income.
Basketball players have a certain skillset for which there exists a lucrative market. It's really not different from talented lawyers or investment bankers. Inflated compared to our salaries, yes. Inflated compared to market value? Arguably, no.
Moreover, because they have to focus on maximize their basketball income, many of these guys are poorly equipped to do anything else. Here, we, as consumers, have indirectly created serious social pressures that leave many of these folks ill-equipped to handle the windfall that comes their way during their 20s and the task of finding post-basketball income after their 20s.