REPORT: Millsap offer official now. Sent to Utah.

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Fez said:
Utah is now softening their stance:

-Deseret News

The multimillion-dollar bonus might frighten a small-market team like the Jazz, but it amounts to loose change in the pocket of billionaire Blazers owner and Microsoft co-founder Paul Allen.
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Nice to see Millsap is worth "loose change", but Roy has to go pleading to the public in the media for "loose change".
 
It's a deal Paul wanted for himself, security-wise, financially," said Ara Vartanian, Millsap's other representative.

"It's definitely a situation where he's getting what he should. It's a fair deal. The Jazz had a chance to not let this happen, but unfortunately they didn't value Paul as much as other teams."
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Wow, how "selfish" of Millsap. How will he coexist with "selfish" Brandon Roy?
 
Fez said:
Utah is now softening their stance:

-Deseret News
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I hope so... but I don't really see anything in that report showing that Utah has softened their stance.
 
My apologies if this has been discussed on one of the previous 14 pages...

The Blazers front-loaded the contract to make it difficult for Utah to match. They gave Millsap a $5.6 million signing bonus and agreed to pay him $4.7 million of his first-year, $6.3 million salary the day the contract becomes effective.

So a week from now, Millsap would receive $10.3 million. Add to that the $1.6 million that will be spread throughout next season and Millsap, who was paid just $797,581 last season, will be paid $11.9 million this year. The remaining $20.1 million will be spread over the final three years of the deal.
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http://sports.espn.go.com/nba/news/story?id=4320029

Have signing bonuses like that always been allowed? I don't think I've ever seen it before... How exactly are we allowed to do that, as it would seem that is about $4M more than the cap space we have available this year?
 
handiman said:
My apologies if this has been discussed on one of the previous 14 pages...


http://sports.espn.go.com/nba/news/story?id=4320029

Have signing bonuses like that always been allowed? I don't think I've ever seen it before... How exactly are we allowed to do that, as it would seem that is about $4M more than the cap space we have available this year?
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Yes you can. Essentially, Millsap is worth 20 million this year. (After lux tax)
 
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Encouraging words from the Deseret News:

It also is structured, Simmons said, with a significant signing bonus — the so-called "toxic" element, as first reported by the Oregonian newspaper in Portland last Wednesday night, designed to discourage Utah from matching.
"It's a deal Paul wanted for himself, security-wise, financially," said Ara Vartanian, Millsap's other representative.
"It's definitely a situation where he's getting what he should. It's a fair deal. The Jazz had a chance to not let this happen, but unfortunately they didn't value Paul as much as other teams."
The multimillion-dollar bonus might frighten a small-market team like the Jazz, but it amounts to loose change in the pocket of billionaire Blazers owner and Microsoft co-founder Paul Allen.
If Utah is able to match, however, it raises the question of how Millsap would feel about staying with a team that, according to representation, undervalued him.
"The fact that Portland came out and went after Paul so greatly showed how much they want Paul," Vartanian said.
"If Utah matches, there's nothing we can do," he added. "Paul will play hard and do what he has to do. But if we had that offer from the Jazz, it never would have come to this."
The Jazz have a week to make their decision.
Asked Friday night if they would honor their initial vow to match any offer sheet Millsap signed, Jazz general manager Kevin O'Connor said, "I think we'd analyze everything."
That's largely because the Jazz still fervently are trying to reduce salary costs by trading starting power forward Carlos Boozer and the final $12,657,233 on his contract — and if they can't they're looking at a player payroll next season of more than $81 million.
And that means — if the match were made, and nothing changed by next season's end — the Jazz would owe the NBA more than $11 million for exceeding the league's $1-for-$1 luxury-tax threshold of $69.92 million.
Moreover, they would lose out on receiving a distribution share from taxpayers — which this year amounted to about $2.9 million.
And that's not to mention interest on the lucrative bonus, which is payable up front but — in terms of salary-cap and luxury-tax implications — spread according to a complicated collectively bargained formula over much if not all of the length of the contract.
Matching and retaining Millsap, then, could conceivably and effectively cost the Jazz more than $15 million next season in salary, tax and incidentals.
...
"DeAngelo (Simmons) and I have been working really hard, gave Utah a fair shot to get the kid," Vartanian said. "But unfortunately the numbers (the Jazz) were coming up with weren't at the level we were looking for. ... It wasn't anywhere near what was fair for Paul. But Portland came up with an offer that's a great offer."
"It's very acceptable, especially with the signing bonus," added Simmons, whose nephew averaged 13.5 points and 8.6 rebounds for the Jazz in his third NBA season.
"The signing bonus is hard to walk away from."
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[Edit: oops - repost. Should have read back in the thread... But I did some nice bolding...]
 
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Fez said:
So, does this kill our chances of landing Deron Williams? :drumroll:
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Not at all, I'm sure all KP has to do is dangle Travis Outlaw, Martell Webster and Steve Blake in front of O'connor and a cool million in cash to make it happen :wink:
 
Reading Milsap's representatives quotes, it is clear that Milsap choose Ptd for one reason . . . the money. Not the city, or his role on the team or the fact Ptd is an up and coming team, it all came down to the money.

Strange . . . they wine and dine their #1 target and try to sell him on the town, his role the Blazers chances at a championship, and then give him an offer that some team tops. Milsap they just flat out laid out the cash (Paul Allen style with a boatload coming in right away) . . . Milsap signs, and Utah (who swore they would match any offer) is now wondering what to do.

That's Paul Allen style and why this small market team can stands up among the giants.
 
Originally, the Blazers offered Millsap a three-year, $24 million deal, but a fourth year was added in order to increase the signing bonus. The league's collective bargaining agreement limits a signing bonus on an offer sheet to 17.5 percent of the deal. The money up front was important to Millsap, 24, because he made the league minimum for the past three seasons ($797,000 last season).

While the Jazz were saying signing Millsap was an offseason priority, they were reluctant to provide the 6-foot-8 forward an offer. As the Blazers were in the process of sending over their offer sheet this week, Simmons said the Jazz came in with a $7 million offer on Thursday. Simmons tried to get the Jazz to go to $8 million, but they balked.

He hasn't talked to Utah since.

"I haven't heard anything from them,'' Simmons said. "I'm sure they will wait until the last day (Friday). But right now, everything is on schedule.''
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http://blog.oregonlive.com/behindblazersbeat/2009/07/what_is_a_toxic_offer_how_abou.html

New article by the liar.
 
$8m/per for Millsap is a bargain.

If they balked at the $8m/per asking price, do you really expect them to pay the $6.5m signing bonus?
 
I think that is dirt cheap for what this guy can bring to our squad. He already said he's cool with backing up LA! Hope this works out!
 
it's_GO_time said:
Reading Milsap's representatives quotes, it is clear that Milsap choose Ptd for one reason . . . the money. Not the city, or his role on the team or the fact Ptd is an up and coming team, it all came down to the money.

Strange . . . they wine and dine their #1 target and try to sell him on the town, his role the Blazers chances at a championship, and then give him an offer that some team tops. Milsap they just flat out laid out the cash (Paul Allen style with a boatload coming in right away) . . . Milsap signs, and Utah (who swore they would match any offer) is now wondering what to do.

That's Paul Allen style and why this small market team can stands up among the giants.
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It is funny how Millsap is potentially doing the same thing that Hedo did..going for the most dough.

And I doubt any of us would be that upset if he came here under those circumstances.
 
The real question is, will they be able to unload Boozer?.
If Utah can unload Boozer somehow and take back only 4 mil or so, then they match us. If they can't unload Boozer, I will be real surprised if they match.
 
julius said:
It is funny how Millsap is potentially doing the same thing that Hedo did..going for the most dough.

And I doubt any of us would be that upset if he came here under those circumstances.
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Hedo agreed to sign with PDX and a contract was worked out. He even chose his playing number. That is what he did wrong, not deciding to go to another team. He gave a verbal commitment and then backed out.
 
and by the way, i don't even blame turk for backing out. Others are pissed at turk, but I would have also chosen a bigger offer, especially if the wife insisted on living in city X. Until the contract is signed, all options are on the table. I understand why others are mad, I just don't agree they should be.
 
http://blog.oregonlive.com/behindblazersbeat/2009/07/agent_millsap_is_missing_piece.html

:lol:

Ah, I love Paul's agent. Especially this line:

Vartanian insists that Millsap will be whatever Blazers coach Nate McMillan wants him to be. He said Millsap and McMillan have already engaged in lengthy conversations about his role. The two have exchanged cell phone numbers and will become more closely acquainted next week when Millsap takes part in Team USA practices in Las Vegas.
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Awwwwww. :lol:
 
"Cell phone numbers" is code for "bodily fluids".

barfo
 
Interesting thought. If he can hit the corner three, why not play him at the 3/4 in a Jamison type of role?
 
I didn't realize Millsap was a part of the TEAM USA event. You know they are practicing for 2 days and then the 3rd day there is some big scrimmage. I wouldn't be surprised if ESPN doesn't show that.
 
Fez said:
Interesting thought. If he can hit the corner three, why not play him at the 3/4 in a Jamison type of role?
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Millsap is many things to many people. Capable of hitting the corner three is not one of those things.
 
Going from combine numbers, Millsap and Martell are very close in athletic ability.

Paul Millsap:
Lane agility: 11.67
3/4 sprint: 3.30
Vertical: 32.5
Rank: #38

Martell Webster
Lane agility: 11.39
3/4 sprint: 3.39
Vertical: 30.5
Rank: #58
 
Minstrel said:
Millsap is many things to many people. Capable of hitting the corner three is not one of those things.
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I just went by what his agent claimed

"Paul Millsap has got more game than anyone knows,'' said agent Ara Vartanian, who represents Millsap. "People just haven't seen it because he played in a structured offense (in Utah). But he can shoot, and I'm talking (range from) NBA three.''
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Fez said:
I just went by what his agent claimed
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Well, anything is possible but his agent is marketing the Millsap brand. He sure hasn't shown an ability to hit three-pointers in the NBA to date.
 
Minstrel said:
Millsap is many things to many people. Capable of hitting the corner three is not one of those things.
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To me he is an aardvark in a tutu playing the clarinet.

barfo
 
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