ROUNDBALL - ...you too 'spensive !!!!!!
Grant was the Lakers' second-highest paid player after Kobe Bryant...
DOH !!!!
and he is still is owed $29.8 million on his contract...
DOH !!!!
This...is dedicated to my homies in that gangsta' lean...
Why'd you have to go so soon? ...
Thanks for the effort B. Grant...
http://www2.dailynews.com/sports/ci_2927723
The Lakers have decided to waive forward Brian Grant, taking advantage
of a one-time provision to the NBA's new collective bargaining
agreement allowing them to save nearly $30 million in luxury tax
penalties.
"We understand from a business standpoint there's a huge economic
incentive with the luxury tax savings," Grant's agent, Mark
Bartelstein, said Tuesday. "We know it has nothing to do with Brian's
abilities as a player and has everything to do with dollars."
Grant was the Lakers' second-highest paid player after Kobe Bryant and
still is owed $29.8 million on his contract. He averaged a career-low
3.8 points and 3.7 rebounds last season while battling chronic
tendinitis in his knees.
The Lakers will have to pay nearly all of Grant's remaining contract,
even if the 33-year-old forward signs with another team as a free
agent, and will gain no additional salary cap flexibility until after
the 2006-07 season, when Grant's contract expires.
Where the Lakers will benefit is in removing Grant's salary from the
NBA's luxury tax calculations, present and future. The league assesses
a dollar-for-dollar penalty for the amount teams spend over the luxury
tax threshold, which will be $61.7 million for next season.
DOH !!!!
and he is still is owed $29.8 million on his contract...
DOH !!!!
This...is dedicated to my homies in that gangsta' lean...
Why'd you have to go so soon? ...
Thanks for the effort B. Grant...
http://www2.dailynews.com/sports/ci_2927723
The Lakers have decided to waive forward Brian Grant, taking advantage
of a one-time provision to the NBA's new collective bargaining
agreement allowing them to save nearly $30 million in luxury tax
penalties.
"We understand from a business standpoint there's a huge economic
incentive with the luxury tax savings," Grant's agent, Mark
Bartelstein, said Tuesday. "We know it has nothing to do with Brian's
abilities as a player and has everything to do with dollars."
Grant was the Lakers' second-highest paid player after Kobe Bryant and
still is owed $29.8 million on his contract. He averaged a career-low
3.8 points and 3.7 rebounds last season while battling chronic
tendinitis in his knees.
The Lakers will have to pay nearly all of Grant's remaining contract,
even if the 33-year-old forward signs with another team as a free
agent, and will gain no additional salary cap flexibility until after
the 2006-07 season, when Grant's contract expires.
Where the Lakers will benefit is in removing Grant's salary from the
NBA's luxury tax calculations, present and future. The league assesses
a dollar-for-dollar penalty for the amount teams spend over the luxury
tax threshold, which will be $61.7 million for next season.
2 Comments:
At 8/16/2005 11:11 AM, tim andren said…
The word on the street is that he is gonna ink with tha PHX this week. They are going to be looking pretty scary next year.
At 8/22/2005 10:32 PM, Anonymous said…
update me please!
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