Someone please explain to me

[Netted]

<div class='quotetop'>QUOTE </div><div class='quotemain'>For New Jersey, president Rod Thorn brought back the three elements he most wanted for Kidd: a good young player (Harris), expiring contracts (Diop and George) and draft picks. What’s more, the Nets plan to buyout the rest of Stackhouse’s contract. Stackhouse can become an immediate free agent, but must wait 30 days to re-sign with Dallas.

One league source expected Stackhouse to return to the Mavericks.

For the Nets, this clears cap space next season. It will allow them to re-sign forward Nenad Krstic and start rebuilding the franchise after seven straight playoff appearances with Kidd.</div>
why all the reports talk about the Nets getting cap space next season and also mention the Nets buying out Stackhouse?

Are the reporters all idiots that don't realize his contract still counts against our cap next season?

Am I missing something? Did Stack not sign a 3 year deal prior to this season? Do buyouts wipe out future commitments from the cap? Last I heard he did sign the extension and the contract still counts against the cap in the future.

 

[Jizzy]

heres the link you wanted netted:


http://ap.google.com/article/ALeqM5hOe_kA_...3mnt1QD8UPMIO03

 

[Petey]

Only the amount Stack gives up comes off our cap. Does the Mavs still have the MLE?

If he is willing to take a buyout of around 12, he could recoup alot, even make some off this trade...

-Petey

 

[Netted]

How do the Nets come out ahead?

For easy math let's not prorate this season. They are paying $12mm and getting back $3mm from dallas. So they are down $9mm in cash. From a cap stand point it's a 3 year deal, so the $12mm divided by 3 is a $4mm hit per year to the cap. That's a quality players worth of salary we can't spend.

I'm hoping it's more like a $5mm buy-out with Dallas re-signing Stack to a 3 year MLE deal. That's a $2mm cash expense and less than $2mm a year cap hit.

 

[cpawfan]

Yep, the Mavs still have their MLE