McDyess is (soon to be) a free man
From Chris Tommasson of the Rocky Mountain News:
A source said McDyess, who was due nearly $15 million, will be bought out for about $6 million. McDyess was acquired last Monday from Detroit (along with Chauncey Billups and Cheikh Samb for Allen Iverson), but didn't want to play for the Nuggets.
A source said McDyess, 34, had little leverage. If he didn't want to play for Denver and was unwilling to take a generous buyout, his only other option would have been retirement, and then he would have gotten nothing.
McDyess' agent, Andy Miller, who wouldn't discuss financial arrangements, said the paperwork likely will be finalized Monday. McDyess would then clear waivers Wednesday, and be a free agent able to immediately sign with any team except Detroit. If it's true McDyess wants to return to the Pistons, NBA rules don't allow him to re-sign with them until 30 days after being waived.
Assuming this timeline holds true, the earliest McDyess could re-sign with the Pistons is December 13. Even if he wants and/or intends to sign with the Pistons now, that's a long time for other contenders to get in his ear and talk about how he's the missing piece (Orlando?) and how much more money they can offer (Cavs, Lakers) or how nice it would be to play near his offseason home (Houston). (Boston is also interested, but I don't see what they have to offer aside from the chance to ride coattails.)
Also, just to clarify, I initially thought Tommasson was off by a million when he said McDyess was owed nearly $15 million, but he's apparently right. McDyess' salary with the Pistons was $6.8 million this year and next for a grand total of $13.6 million, but his contract apparently included a 10% trade kicker, meaning had he agreed to play in Denver he would have made $14.96 million.
If my understanding is correct, the most the Pistons can offer this year is the bi-annual exception of $1.9 million, but between that and the $6 million he'll receive from Denver, he can more than make up his original salary this year. As for next season, well, the Pistons will have more than enough cap space to accommodate him with -- oh, I don't know -- let's say a one-year, $6.8 million deal.
All of this is a long-winded way of saying that, should Dumars and Miller share a knowing wink and a nod, McDyess might be convinced to return on the assumption that he'll eventually get back every penny he would have earned had he not been traded in the first place.
Or something. Dumars doesn't seem like he strays too far from the straight and narrow, and a handshake deal for the future sounds an awful lot like Kevin McHale's Joe Smith shenanigans that set the Timberwolves back for years.
In any case, stay tuned: 30 days is a long time, but we should have a good idea what he intends to do within a week.
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32 comments
Comments
I agree with Mike Payne 100%. We need Dice back. He is a perfect fit for AI, cuz when AI drives he’ll love kickin it out to Dice for those beautiful 18 footers.
by Restructer_It on Nov 8, 2008 8:52 AM CST reply actions 0 recs
We should start a fund to bring Dice back to Detroit.
I’ll chip in $5 bucks.
by Matt on Nov 8, 2008 9:41 AM CST reply actions 0 recs
No, we shouldn’t. In the final analysis, he is a millionaire. I doubt any of us are. He will be fine.
by Rob G on Nov 8, 2008 10:35 AM CST reply actions 0 recs
@Restructer_It:
Thanks for the shout, man :)
@Matt:
I’m with you, that’d be sweet to get a fan drive going for McDyess, show the guy some love!
by Mike Payne on Nov 8, 2008 10:37 AM CST reply actions 0 recs
Maybe I’ll chip in…or at least make posters and stuff. Dyess, Dyess he’s our man, if he can’t do it, no one can.
by Primosh on Nov 8, 2008 11:03 AM CST reply actions 0 recs
Conspiracy theory time!
If we get ’Dyess back after thirty days, the NBA takes action after the season to prevent this sort of deal in the future.
by Keegan on Nov 8, 2008 12:30 PM CST reply actions 0 recs
Keegan,
I hope not. Maybe it’s just because we’ve been a beneficiary, but I think it is a good thing. The salary cap makes trades a lot more complicated than in the past and frequently requires these types of throw-ins to make salaries match. It seems like teams would be more willing to deal if they think there is a good chance that they will get Brent Barry, Dyess, Hunter or whomever back – it makes the trade that much more attractive to them. Furthermore, I think more trades are a good thing. They generate interest from casual and rabid fans alike and they give Joe D. extra opportunities to swindle.
by Colin on Nov 8, 2008 1:28 PM CST reply actions 0 recs
Colin – but salary matching only applies when a team is over the cap. So it is expressly designed to prevent the rich from getting richer – which these trades do. That said we’re rich, so keep it coming!
by Forty on Nov 8, 2008 1:32 PM CST reply actions 0 recs
I wonder if we’ll ever hear from Cheikh Samb again. I’m willing to say we will, since Karl started Dahntay Jones, not once, but twice, so Samb better get some burn.
Detroit just seems much more patient with its prospects (read: projects) than most other teams.
by Keegan on Nov 8, 2008 2:15 PM CST reply actions 0 recs
“If my understanding is correct, the most the Pistons can offer this year is the bi-annual exception of $1.9 million, but between that and the $6 million he’ll receive from Denver, he can more than make up his original salary this year. As for next season, well, the Pistons will have more than enough cap space to accommodate him with — oh, I don’t know — let’s say a one-year, $6.8 million deal.”
13.6 – (6 + 1.9) = 5.7
Dumars only has to pay Dice $5.7m next year to make him whole.
I don’t think Dumars has a responsibility to pay him the trade kicker when he’s actually getting a month’s paid vacation.
by Petey on Nov 8, 2008 2:39 PM CST reply actions 0 recs
Forty: According to HoopsHype.com … The Pistons are under the luxury tax threshold by about $75,000 (Joe D. stretching those $$$!). Nine teams: Rockets, Suns, Lakers, Nuggets, Celtics, Blazers, Mavs, Cavs, Knicks are over the luxury tax threshold. The Clippers (under by less than a half million), Bobcats, Thunder and Grizzlies are the only teams under the salary cap this year. So, in short form, in order to work within the frame of the collective bargaining agreement, salary matching matters to essentially ever franchise.
by LawyerBoy on Nov 8, 2008 2:40 PM CST reply actions 0 recs
“If my understanding is correct, the most the Pistons can offer this year is the bi-annual exception of $1.9 million, but between that and the $6 million he’ll receive from Denver, he can more than make up his original salary this year. As for next season, well, the Pistons will have more than enough cap space to accommodate him with — oh, I don’t know — let’s say a one-year, $6.8 million deal.”
13.6 – (1.9 + 6) = 5.7
Dumars only has to pay Dice $5.7m next year to make him whole.
I don’t think Dumars has a moral responsibility to pay the trade kicker. Essentially, McDyess is just getting a one month paid vacation with no relocation necessary.
by Petey on Nov 8, 2008 3:10 PM CST reply actions 0 recs
McHale and Smith had hatched an elaborate plan, and were kind enough to produce a paper trail.
McDyess returning to his team, and getting the same compensation package he would have gotten had he stayed with the Pistons, does not rise to the level of shenanigans.
The league would only have incentive to enforce new regulations if the Pistons had negotiated buyout terms with the Nuggets prior to the trade.
by kevin s. on Nov 8, 2008 6:33 PM CST reply actions 0 recs
Lb – right, and the teams that trade away an expiring or player who is only in the deal to make the salaries work tend to be on the “now” side of the intertemporal tradeoff. I.e. When the cavs trade wally, it will be to a team trying to win tomorrow (thru cap space), for a player that helps the cavs win today. If a team can just buy him out and then he immediately re-signs with the cavs at the bi-ennial or the veteran’s min, “the rich just got richer.”
I understand that most teams operate over the cap – and why wouldn’t you? The soft cap system is designed to make that optimal (as the players union wants).
I’m just saying what’s to prevent every good team in a big market from cherry picking all the veterans off bad teams, having those teams buy out the guy who the good team trades to help their cap, and then immediately re-signing him to what is tantamount to a below market deal? It’s using chicanery to allow a team to circumvent the salary rules.
by Forty on Nov 8, 2008 7:01 PM CST reply actions 0 recs
Forty -
I think you have a point, and you seem to be more familiar with the CBO than I am. However, I feel like the current set-up has found a nice middle ground. If I’m not mistaken, you are not allowed to actually negotiate a trade where one of the players you trade will be waived and will return to your team. Clearly, the Pistons, Spurs, and others have gotten by with a few wink, wink deals that have led to the same result. I’m not really sure I see the problem. It actually benefits both teams. Denver was able to greatly reduce its luxury tax liability, and the Pistons MAY get McDyess back. Yes the rich get richer, but the poor don’t necessarily seem to get poorer.
Kevin – If the Pistons had prearranged Dice’s return, wouldn’t that be in violation of current rules? Would they create new rules or just penalize us for violating ones that already exist.
by Colin on Nov 8, 2008 8:07 PM CST reply actions 0 recs
“Kevin – If the Pistons had prearranged Dice’s return, wouldn’t that be in violation of current rules? Would they create new rules or just penalize us for violating ones that already exist.”
You can’t enforce against wink-wink deals. That’s why they call them wink-wink deals. Nothing is signed that violates any regulation.
McHale essentially wrote a contract in violation of the salary cap rules, for which he was rightly punished. But NBA teams regularly use the MLE to woo free agents with an implied promise of a better payday down the road.
A pre-arrangement requires a contract. Simply trading a player, with an understanding that he is welcome back any time, is not a pre-arrangement.
It remains to be seen whether we will see trades in which a team simply “purchases” cap space by trading for and releasing one player. It’s a steep price to pay, in that a team is agreeing not to use an inherently useful player.
Further, the activity is unlikely to become widespread in that most players would rather actually earn their salaries. As such, the only players we are realistically talking about are wealthy veterans who make the MLE or less, and also play for championship-caliber squads.
Antonio McDyess is one of a very small number of players who fit this mold.
by kevin s. on Nov 9, 2008 12:15 AM CST reply actions 0 recs
Well, I think we have officially beaten a non-topic to death. I know I had fun.
by Colin on Nov 9, 2008 10:39 AM CST reply actions 0 recs
Once McDyess clears waivers, I know we have to wait 30 days to sign him…but do we have to wait 30 days talk to him and let him know we are interested?
by Jim on Nov 9, 2008 12:59 PM CST reply actions 0 recs
Lost in the Dice hoopla: Who mourns for Cheikh Samb? Well, I sure do. Here’s hoping he finds a nice career in the NBA.
by LanierFan on Nov 9, 2008 1:10 PM CST reply actions 0 recs
Continuing beat this non-topic: @Jim, there’s no prohibition against talking to Dice. Even if there were, it would have no teeth: how could the league enforce such a rule?
by Rob G on Nov 9, 2008 1:10 PM CST reply actions 0 recs
Man i really hope Iverson takes it to Rondo tonight.
by Rban on Nov 9, 2008 1:10 PM CST reply actions 0 recs
I second the pike motion.
Sometimes I feel like a KG-type fan, in that I get super pumped up for every game (even summer league and preseason). I know in actuality that a game in march doesn’t really mean anything, but I’ll still be elated if we win and depressed if we lose. Let’s start the week off right!
Go stones.
by Colin on Nov 9, 2008 1:25 PM CST reply actions 0 recs
I’ve been waiting for “The Crack Staff” to chime in with their thoughts on tonight’s game.
My how disappointed they’ll be when Kwame Brown prepares his “beasting” for Perk tonight.
by Boney on Nov 9, 2008 1:33 PM CST reply actions 0 recs
Boney – I think Matt blocked any post with “perk is a beast” (all one word) in it, so we won’t hear from our pal
by Rob G on Nov 9, 2008 3:18 PM CST reply actions 0 recs
“Where’d the game post go?” “I don’t know!”
by Rob G on Nov 9, 2008 4:40 PM CST reply actions 0 recs
At 5:55 let’s call it and make this the game post?
by Forty on Nov 9, 2008 4:46 PM CST reply actions 0 recs
This was good to see…from Marc Stein’s chat yesterday;
Bake, Cleveland, OH: Chances the Cavs land McDyess? Would that position them to really challenge the Celtics in May?
Marc Stein: All is hear is Detroit, Detroit, Detroit. Everyone close to this who I’ve spoken to says the same thing. Don’t see Cleveland, Boston, San Antonio or anyone else keeping Dice away from a Motown return. We just posted a news story on the site that gives more detail, but basically the message I keep hearing is the same: “Dice only wants to play in Detroit.”
by Jim on Nov 11, 2008 8:52 AM CST reply actions 0 recs

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