Millsap - The "Loan" Ranger?

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If I were the Jazz and I matched that contract, I'd drop off the $10.3MM at Millsap's house in pennies.
 
that seems nuts to me that they'd have to take out a bank loan to be able to match, kinda scary actually.

i'm sure they're financially healthy and can pay off the loan and are good for the money, but damn that is an insane thought to me.
 
ironcrotch said:
that seems nuts to me that they'd have to take out a bank loan to be able to match, kinda scary actually.

i'm sure they're financially healthy and can pay off the loan and are good for the money, but damn that is an insane thought to me.
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I don't think it's a revenue issue, but rather a cash flow one. The NBA has a line of credit open for all franchises to fund losses.
 
Masbee said:
Masbee likes teaser quotes.

Masbee doesn't click links with just headlines. Headlines are uninformative. Can't tell if would be worth reading.
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Masbee can just go find his own links then. ;)
 
The Jazz have until the end of the week to match the four-year, $32 million offer sheet that Millsap signed with the Portland Trail Blazers and keep with young power forward in Utah.

The total amount of the offer did not blindside the Jazz, team officials have said. But the tricky part about matching it -- as least from the perspective of a small-market team like the Jazz -- is that Millsap must receive $10.3 million within one week.
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I didn't know that part about the offer. That was a pretty shrewd move by the Blazers. With the economy in the shape that it's in it can't be easy to come up with that kind of liquid cash within a week. I'm sure it the info was posted before, but I guess I never paid attention to it...
 
tlongII said:
I didn't know that part about the offer. That was a pretty shrewd move by the Blazers. With the economy in the shape that it's in it can't be easy to come up with that kind of liquid cash within a week. I'm sure it the info was posted before, but I guess I never paid attention to it...
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It's been mentioned and discussed...the problem is that Utah will be receiving slightly over $10 million from luxury tax distribution and, I believe, escrow fund money that is distributed to all NBA teams.

So liquidity shouldn't be a problem. It still comes down to whether they feel they can afford the contract this year and afford to give up that $10 million right now.
 
Minstrel said:
It's been mentioned and discussed...the problem is that Utah will be receiving slightly over $10 million from luxury tax distribution and, I believe, escrow fund money that is distributed to all NBA teams.
So liquidity shouldn't be a problem. It still comes down to whether they feel they can afford the contract this year and afford to give up that $10 million right now.
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That may be, but will they be receiving it by Friday? Timing is everything.
 
Masbee said:
Masbee likes teaser quotes.

Masbee doesn't click links with just headlines. Headlines are uninformative. Can't tell if would be worth reading.
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Masbee is Bob Dole.
 
ABM said:
I always love the comments page. :D

http://www.tribtowns.com/comments/read_comments.asp?ref=12829703&sec=Sports
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positivethinker: 7/13/2009 8:23:00 PM +25

Print up about 20,000 TRADE BOOZER T-Shirts, sell 'em for $25 bucks a pop, and you'll have $500,000.00 by friday! There are 7 of us in my family, and we'll each buy one!
Click to expand...

I liked the one above;

Him
Wife #1
Child #1
Child #2
Wife #2
Child #3
Wife #3, who is not of legal age to become pregnant by the old geezer
 
tlongII said:
That may be, but will they be receiving it by Friday? Timing is everything.
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They have a week to come up with the cash after matching. But even if they don't receive it by a week from Friday, there's been talk of a loan. I think it would be fairly easy for them to get a short-term loan considering that they can cover it within a few weeks. In fact, I believe they can that loan directly from the league...the league has established a line of credit that teams can use.
 
ABM said:
I always love the comments page. :D

http://www.tribtowns.com/comments/read_comments.asp?ref=12829703&sec=Sports
Click to expand...

First of all, I don't post on this board very often. I usually hang out at OLive, but may be switching here because the format is better. So, if the quotes are all messed up, I am trying to figure out how to use the tabs.

What I don't understand from Jazz fan's perspective is, how can they think this is a bad deal for Millsap. He is a starting quality PF in this league. He plays as good of defense as most PF's in this league. He is only going to be making between 7 and 8 mil a year. I hope they don't match, but I believe that they will. To me it's a no-brainer.

BTW - please quit posting links to their forums and comments. When I see so many fans arguing not to match Millsap's offer, I start to think just maybe they won't match and we will get him. The more I think that, the more I care. The more I care, the more disappointed I will be when they do match.
 
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I agree - Millsap is worth that salary. I hope they do not match - but I will not be surprised if they do.

Oh well, you can never do anything if you never try - at least the Blazers are trying.
 
I still think they should let Milsap go. I like him but not at the price tag he wants. Let Portland have him and try to get Lee from the Knicks for less bucks.
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I like that posters idea! Then Utah can get another white boy!
 
I'm starting to understand the "bullying" comment that came out of the Utah camp. These guys just aren't playing in the same financial league as Paul Allen, and they know it.

It's pretty embarrassing when you have to get a loan just to keep your own players.
 
andalusian said:
I agree - Millsap is worth that salary. I hope they do not match - but I will not be surprised if they do.

Oh well, you can never do anything if you never try - at least the Blazers are trying.
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I agree... I will go one step further and say I will be surprised--very surprised--if they don't match. But so what? The Blazers are trying, as you say. That's the key to me. Well... trying for the right players.

I'm more pleased by their pursuit of Millsap than I am of their pursuit for Hedo.

Ed O.
 
Shooter said:
I'm starting to understand the "bullying" comment that came out of the Utah camp. These guys just aren't playing in the same financial league as Paul Allen, and they know it.

It's pretty embarrassing when you have to get a loan just to keep your own players.
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Loans of credit are often the lifeblood of "real" businesses everywhere. Liquidity is something that can be managed to a certain extent, but having short-term credit options allows a business to make optimal decisions.

That applies perfectly here, IMO: Millsap is actually going to be a pretty cheap starting power forward for them once they match... they just need to be able to get over this first hurdle of a big payment to him and then they're set--including paying some interest on monies they need to borrow to make it happen.

Ed O.
 
The people that point to Paul Allen being able to spend recklessly don't seem to realize that he's lost 75% of his net worth in the past 10 years. I don't care how much you still have, losing $30 billion will make anyone a bit more conservative with their spending.
 
Minstrel said:
They have a week to come up with the cash after matching. But even if they don't receive it by a week from Friday, there's been talk of a loan. I think it would be fairly easy for them to get a short-term loan considering that they can cover it within a few weeks. In fact, I believe they can that loan directly from the league...the league has established a line of credit that teams can use.
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I misread it and didn't realize they had another week to come up with the money. Even so, I think it might be problematic. Have you tried to get a loan these days? It takes forever...
 
Ed O said:
Loans of credit are often the lifeblood of "real" businesses everywhere. Liquidity is something that can be managed to a certain extent, but having short-term credit options allows a business to make optimal decisions.
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Gee, Ed, thanks for the business primer. I had no idea that companies frequently relied on loans!!!

(sarcasm off)

The real point is that NBA teams very rarely have to resort to loans to pay their own players. It may have happened before, but I can't recall hearing about it. If you know of an example, or several examples, I would love to see them.
 
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GODunk said:
First of all, I don't post on this board very often. I usually hang out at OLive, but may be switching here because the format is better. So, if the quotes are all messed up, I am trying to figure out how to use the tabs.

What I don't understand from Jazz fan's perspective is, how can they think this is a bad deal for Millsap. He is a starting quality PF in this league. He plays as good of defense as most PF's in this league. He is only going to be making between 7 and 8 mil a year. I hope they don't match, but I believe that they will. To me it's a no-brainer.

BTW - please quit posting links to their forums and comments. When I see so many fans arguing not to match Millsap's offer, I start to think just maybe they won't match and we will get him. The more I think that, the more I care. The more I care, the more disappointed I will be when they do match.
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I start to get concerned when fans of a team don't think the player is worth that kind of money. But most fans say they will miss Milsap and thank him for the effort he has given the Jazz . . . which helps convince me he is the kind of player the Blazers need. Also the fact that management had said their #1 priority was to resign Milsap . . . I'm thinking Milsap is someone the Blazers want.

The bitter Jazz fans will remark that 8 mil/yr is too much for an undersized backup PF . . .but you don't see many Jazz fans bad mouthing Milsap's attitude or play on the court . . . so i think it is mainly bitter Jazz fans who think they are losing Milsap and need to justify it.
 
Shooter said:
The real point is that NBA teams very rarely have to resort to loans to pay their own players. It may have happened before, but I can't recall hearing about it. If you know of an example, or several examples, I would love to see them.
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By the same token, how often do you see a signing bonus in the NBA? The offer was designed to push the boundaries of normality.
 
http://sports.yahoo.com/nba/news;_y...i8ArpJ4?slug=ap-jazz-boozer&prov=ap&type=lgns

Boozer expecting trade

SALT LAKE CITY (AP)—Carlos Boozer(notes) doesn’t expect to be playing for the Utah Jazz this season.
Just two weeks ago, Boozer opted to remain with the Jazz for the final year of his contract. But the two-time All-Star told a Chicago radio station Tuesday he expects the Jazz to trade him.

“The Jazz told me they want to go in a different direction and I respect their decision,” Boozer said Tuesday during an interview with WMVP. “We mutually agreed to work out a trade that was beneficial for them and beneficial for my family and me. So with that being said I’m gonna be traded relatively soon or in good time.”

Jazz general manager Kevin O’Connor did not return messages seeking comment Tuesday.

Boozer had an option to void the final year of his contract, but decided on the final day to stay with the Jazz for the guaranteed $12.7 million rather than risk losing money in a tight free agent market.

The Jazz already appear headed above the luxury tax threshold, especially if they match Portland’s four-year, $32 million—including $10.3 million up front — offer to restricted free agent Paul Millsap(notes). Utah has until the end of the week to decide whether to keep Millsap.

Boozer has averaged 19 points and 10 rebounds since Utah signed him as a restricted free agent five years ago, but has only played in 276 of a possible 410 games with the Jazz. He was limited to 37 games last season, due largely to an injury that required surgery on his left knee in January.

“I’ve had a couple of spells, injuries that I can’t control but my body feels 100 percent,” Boozer told WMVP.

“I’m healthy and doing really well. I’m looking forward to next season so much to prove to everybody that I can play through the whole season and at the same time to dominate again, so I’m looking forward to it.”
 
ironcrotch said:
that seems nuts to me that they'd have to take out a bank loan to be able to match, kinda scary actually.

i'm sure they're financially healthy and can pay off the loan and are good for the money, but damn that is an insane thought to me.
Click to expand...

Then why pay interest on a loan?
 
Masbee said:
Masbee likes teaser quotes.

Masbee doesn't click links with just headlines. Headlines are uninformative. Can't tell if would be worth reading.
Click to expand...

Masbee likes 3rd person references.
 
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