REPORT: Millsap offer official now. Sent to Utah.

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LOL @ tweet from BlazersEdge:

jay jensen just broke out the magic markers and is having a brainstorm session for the millsap airport greeting
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tlongII said:
I love that we're going after Millsap, but I think the Jazz will match.
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As someone else mentioned above, they might, but will have to trade Boozer in a deal that involves some team with big cap space. There just aren't that many left who would help them out. I really don't think Utah will keep both and pay double figure luxury tax. Their options are limited.
 
Just wait a week on the press conference. Millsap is Trenton Hassell Part II in terms of being matched.
 
LittleAlex said:
He might turn the offer down.

Not likely, but certainly possible.
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At this point, I think Millsap would have had to agree to the offer sheet in order for the Blazers to have sent it to Utah. Otherwise, what's the point? Deals in principle are not offer sheets.

I don't know the CBA specifics, but I don't think Millsap could back out of this if the Jazz don't match. I think he becomes a Blazer.
 
LittleAlex said:
He might turn the offer down.

Not likely, but certainly possible.
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He might also get hit by a safe falling out of a window while walking down Broadway... then what the fuck are we going to do?


Not likely, but certainly possible.
 
LittleAlex said:
He might turn the offer down.

Not likely, but certainly possible.
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He seemed interested before, and I'm sure he gave them a verbal answer . . . but, we've all heard that before.
 
It is finally official.

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

4 year appx 34 million to Millsap.

The offer includes a hefty signing bonus that will make it difficult for Utah to match. The Jazz will be presented with the offer Saturday and have seven days to match because Millsap is a restricted free agent.
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What does this mean to the Roy situation and our cap situation?
 
Re: It is finally official.

You should check the other thread.
 
Re: It is finally official.

Late to the dance.
 
Re: It is finally official.

What, the un-official thread that I made?

That has 9 pages of clutter.
 
Re: It is finally official.

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

4 year appx 34 million to Millsap.

What does this mean to the Roy situation and our cap situation?
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Man, it'd be sweet if Utah doesn't match...

I don't think that this impacts Roy and his situation at all... at least not negatively. We know the Blazers had at least $50m over five years to spend on Hedo, and I would imagine that they have money slated to pay for Roy, Aldridge and Oden over the next few years.

I just wonder how they managed to lure Millsap in spite of Roy not feeling warm and fuzzy!

Ed O.
 
Re: It is finally official.

Ed O said:
Man, it'd be sweet if Utah doesn't match...

I don't think that this impacts Roy and his situation at all... at least not negatively. We know the Blazers had at least $50m over five years to spend on Hedo, and I would imagine that they have money slated to pay for Roy, Aldridge and Oden over the next few years.

I just wonder how they managed to lure Millsap in spite of Roy not feeling warm and fuzzy!

Ed O.
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Perhaps the 16 million payout in year one had something to do with it.

They front loaded a signing bonus to put the contract offer out of reach of Utah.
 
Year........Salary.....................Bonus...... ..............Cap Hit..................Paycheck
1..............$6,425,000............$1,575,000... .........$8,000,000.........$14,300,000
2..............$7,065,000............$1,575,000... .........$8,640,000...........$7,065,000
3..............$7,756,200............$1,575,000... .........$9,331,200...........$7,756,200
4..............$8,502,696............$1,575,000... .......$10,077,696...........$8,502,696
Totals......$29,748,896........................... ............$36,048,896.........$42,348,896

I stole this from a poster on Realgm.

It's how the deal could be structured. 14,300,000 is how much Millsap would be paid the first year. However, since the Jazz will be over the tax, they will also pay an extra 8,000,000 which is Millsap's cap hit. 14,300,000 + 8,000,000 = 22,300,000 for Millsap if the Jazz match.
 
B-Roy said:
Year........Salary.....................Bonus...... ..............Cap Hit..................Paycheck
1..............$6,425,000............$1,575,000... .........$8,000,000.........$14,300,000
2..............$7,065,000............$1,575,000... .........$8,640,000...........$7,065,000
3..............$7,756,200............$1,575,000... .........$9,331,200...........$7,756,200
4..............$8,502,696............$1,575,000... .......$10,077,696...........$8,502,696
Totals......$29,748,896........................... ............$36,048,896.........$42,348,896

I stole this from a poster on Realgm.

It's how the deal could be structured. 14,300,000 is how much Millsap would be paid the first year. However, since the Jazz will be over the tax, they will also pay an extra 8,000,000 which is Millsap's cap hit. 14,300,000 + 8,000,000 = 22,300,000 for Millsap if the Jazz match.
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Holy cow!! KP just took it to the Jazz hard core!
 
Re: It is finally official.

LittleAlex said:
Perhaps the 16 million payout in year one had something to do with it.

They front loaded a signing bonus to put the contract offer out of reach of Utah.
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I hope it's out of reach for Utah!

And, yes, I agree that money is the reason Millsap is coming to Portland to be a backup. Roy's reluctance to help the team out by recruiting players is not really a factor compared to the mighty dollar.

Ed O.
 
B-Roy said:
Year........Salary.....................Bonus...... ..............Cap Hit..................Paycheck
1..............$6,425,000............$1,575,000... .........$8,000,000.........$14,300,000
2..............$7,065,000............$1,575,000... .........$8,640,000...........$7,065,000
3..............$7,756,200............$1,575,000... .........$9,331,200...........$7,756,200
4..............$8,502,696............$1,575,000... .......$10,077,696...........$8,502,696
Totals......$29,748,896........................... ............$36,048,896.........$42,348,896

I stole this from a poster on Realgm.

It's how the deal could be structured. 14,300,000 is how much Millsap would be paid the first year. However, since the Jazz will be over the tax, they will also pay an extra 8,000,000 which is Millsap's cap hit. 14,300,000 + 8,000,000 = 22,300,000 for Millsap if the Jazz match.
Click to expand...

This is assuming there are no team or player options years--either of which would increase the bonus part up front. If there were two options years, then the first year hit goes from $14.3M up to almost $17.5M.
 
B-Roy said:
Year........Salary.....................Bonus...... ..............Cap Hit..................Paycheck
1..............$6,425,000............$1,575,000... .........$8,000,000.........$14,300,000
2..............$7,065,000............$1,575,000... .........$8,640,000...........$7,065,000
3..............$7,756,200............$1,575,000... .........$9,331,200...........$7,756,200
4..............$8,502,696............$1,575,000... .......$10,077,696...........$8,502,696
Totals......$29,748,896........................... ............$36,048,896.........$42,348,896

I stole this from a poster on Realgm.

It's how the deal could be structured. 14,300,000 is how much Millsap would be paid the first year. However, since the Jazz will be over the tax, they will also pay an extra 8,000,000 which is Millsap's cap hit. 14,300,000 + 8,000,000 = 22,300,000 for Millsap if the Jazz match.
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Wouldn't this put the Blazers over the cap as well, meaning they are willing to pay the tax?
 
RoyToy said:
Wouldn't this put the Blazers over the cap as well, meaning they are willing to pay the tax?
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Probably, if the cap goes down next year. Roy's and Aldridge's extensions won't kick in until the year after, so their tax hit will be significantly less than Utah's.
 
B-Roy said:
Probably, if the cap goes down next year. Roy's and Aldridge's extensions won't kick in until the year after, so their tax hit will be significantly less than Utah's.
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Also, the cap and the luxury tax threshold are two different numbers. I believe the Blazer will be over the cap, but try to stay below the luxury tax line.
 
Reep said:
Also, the cap and the luxury tax threshold are two different numbers. I believe the Blazer will be over the cap, but try to stay below the luxury tax line.
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No, if Millsap is signed to this offer, and the cap goes down 7-8 million like the memo said, we will be in the tax.
 
They're really giving Millsap a good amount of money. I don't understand doing this before you lock up Aldridge, or even doing it at all if you feel Aldridge is your guy for the next decade.

I'd be surprised if Aldridge isn't pissed.
 
RoyToy said:
Wouldn't this put the Blazers over the cap as well, meaning they are willing to pay the tax?
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I would say that it does.

Portland has Paul Allen, and even in the new era of economic uncertainty and badness, it's great to see him flex his liquidity muscles here.

Because it IS about liquidity here.

Can the Jazz get access to that much money next year? They presumably budgeted money for Millsap over the next four or five years... maybe even a bit more than this. But that money might be coming from future revenue, and they might have to work hard to free up enough money to pay Millsap this much this fast.

Ed O.
 
B-Roy said:
No, if Millsap is signed to this offer, and the cap goes down 7-8 million like the memo said, we will be in the tax.
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Not for 2009-2010, but maybe for the next year--if we keep everyone.
 
From John Hollinger twitter"

"Blazers can give Millsap 4 yr, $28 mil plus $6 mil bonus up front. But the cap figure would still be 7.7 million, so no extra tax for Utah"
 
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