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Post by agibson on Aug 17, 2009 3:57:12 GMT -5
Catching up a little with the NCAA news, I notice that Stephen Curry went 7th in the NBA draft. To the Golden State Warriors. Ahead of all the UNC guys?
I didn't realize how carefully the NBA controlled rookie salaries. The 7th pick is slotted at something like $2.26 M for the first year, but the team can pay 120% of that. His contract is apparently two years, with team options for another two years (not sure if that's also required?).
The four years would be worth about $13M.
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Post by valporun on Aug 17, 2009 9:20:46 GMT -5
That's a part of the "rookie salary cap" the NBA installed several years ago. About the only players with guaranteed big contracts are #1,2,3, after that...it dwindles to a point of wondering who will sign and when.
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Post by ValpoHoops on Aug 17, 2009 15:31:41 GMT -5
There's a strict slotting system in place in the NBA. Basically, any player picked knows what he's going to get paid, and since the team can't go outside of that box, the player knows he can't hold out. The union agreed quickly to this becuase they didn't want rookie salaries higher than guys who were proven (see: NFL).
Baseball and football are looking at this closely
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Post by agibson on Aug 18, 2009 3:23:07 GMT -5
I guess I'm not up on relative sports salaries!
Here I was thinking it was a fair amount of money. A two-year guarantee, not four, but otherwise comparable to the highest baseball rookie payouts ever. To Prior at $10.5M and just now Washington's set the record with their deal for Strasburg at $15.1M.
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Post by agibson on Aug 18, 2009 3:26:15 GMT -5
Apparently MLB did suggest amounts for each slot this year, but they were substantially exceeded.
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Post by vuweathernerd on Aug 18, 2009 8:08:11 GMT -5
it's a topic that everyone's talking about. i was watching the cardinals-dodgers game last night, and the cards broadcasters even talked about the need for rookie salary caps. $15 million for somebody who's not proven himself at the highest level is wrong. he'll get more in his first year than smoltz would have made all season if boston hadn't cut him. and he's going to cooperstown.
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