How to Get Rudy Gay

Rudy Gay had a good year for the Memphis Grizzlies, averaging 19.6 and 5.9 for team that was the biggest surprise in the NBA. The athletic 6'8" small forward had a 41-point game early in the season and four others of 30 or more. He's still a defensive liability but has improved other parts of his game as well as his physical strength. He's not so selfish any more for one thing. And he's still only 23, younger than all the other top tier free agents.
And by all accounts, the Nets are interested in him...particularly if they think they don't have much a shot at some of the bigger names like LeBron, D-Wade or Chris Bosh. A month before free agency, Mikhail Prokhorov mentioned him as a lower lottery draft choice who became a "star". But unlike the top-tier free agents, Gay will be a restricted free agent in July. The Grizzlies can match any offer made by another team...but will they?
Gay became a restricted free agent last October when he turned down the Grizzlies' last offer, a five-year deal worth about $50 million. He reportedly wanted $15 million more. Gay's message was clear: he’d like to see what he can get this July and then force the Grizzlies to match if they want. Under the collective bargaining agreement, the Grizzlies would have seven days to match any offer sheet sent Gay by another team. It's increasingly rare that teams take that chance because most of the time, the player's team matches.
That's where Prokhorov comes in. Along with the Bobcats, Sixers and the Pacers, the Grizzlies are in bad financial shape. The Nets, with Prokhorov, could be the team that can come up with an offer that would scare off Memphis.

And even if the Grizzlies did want to keep Gay, there are ways around the CBA to make it more difficult. Ask Thorn or Kiki Vandeweghe. They were on opposite sides of the Kenyon Martin poker game five years ago. Here’s what happened and it’s instructive for the future: the Nets said they would wait for Martin to get an offer sheet, knowing only two teams, the Hawks and Nuggets, had enough cap space to sign him to the max deal, which was clearly what Martin wanted. Instead, Vandeweghe called the Nets' bluff and informed Thorn what the Nuggets were prepared to offer: a break-the-bank contract that included a $15 million bonus up front and a 12% trade bonus at the back plus another onerous add-on: Martin would get his first year salary up front rather than over the course of the year. The effect was that the Nets would have had to pay Kmart $23 million on signing…in less than two weeks. Bruce Ratner was, at the point, cash-poor and the Nuggets, i.e. Vandeweghe, knew it. Besides, he had a billionaire owner backing him in Stan Kroenke.
Instead of formalizing the offer sheet, and take the risk that the Nets might match, Vandeweghe decided discretion was the better part of valor: he proposed a sign-and-trade. The Nets would sign Martin to a more standard contract, then trade him to the Nets for three lottery-protected draft picks (two of which were the cornerstone of the Vince Carter trade five months later). Done deal.
Not much has changed since then: teams that offer a restricted free agent a contract can add in a signing bonus of up to 17.5% of the contract total and a trade bonus of up to 15%. So in Gay’s case, if the Nets signed him to a five-year $60 million contract, he can get a bonus of $10.5 million up front upon signing. So for his first year, Gay would get $10.5 million upon signing plus the first year's salary of $9.9 million, either throughout the season, or upfront...his choice. That could mean $20.4 million in salary and signing bonus for the 2010-11 season and maybe all in one lump sum! Think the Grizzlies can afford that when they'll have to sign or re-sign Zach Randolph, O.J. Mayo, Marc Gasol and Hasheem Thabeet over the next three years? The trade bonus is also onerous. If traded at any time in the five year length of the contract, Gay would get 15% of his remaining contract as a bonus.
The Grizzlies understand the situation. They traded for Ronnie Brewer of the Jazz at the deadline, their interest future insurance for losing Gay.
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Interesting read.
Your knowledge on the CBA is very much appreciated
by rightclue on Jan 30, 2010 1:20 PM EST reply actions
I always thought the Gay/Lee combo would be better than putting all our efforts towards LBJ or Wade.
First, Lee is the ideal PF to play alongside Lopez. He does all the dirty work, scores and boards, and most importantly doesn’t necessarily require post touches than Lopez does. Bosh/Boozer do need so many post up chances which limits Lopez.
Gay is the athletic wing scorer the team misses in Carter. A very good fit.
The other conundrum is the team’s inability to shoot the ball. Acquiring John Wall would set the team up perfectly for the future and make Devin Harris expendable. The deal I’d hope for would be a Harris for Ben Gordon swap, giving the Nets a late game scorer who craves big shots and shoots an excellent career percentage from 3 point range (41%). That deal would work under the CBA.
This roster would make me happy as a fan:
PG- John Wall
SG- Ben Gordon
SF- Rudy Gay
PF- David Lee
C – Brook Lopez
Dooling, Lee, T. Williams, Humphries off the bench with roster slots available for the other first round selection (Mavs’ pick) and the first pick of the second round. I feel Chris Douglas-Roberts is very expendable and his attitude is too aggressive for a young team without a real veteran leader. I’d suggest Courtney Lee as a much more viable option off the bench, a well better defender and shooter.
by kevin on Jan 30, 2010 3:07 PM EST reply actions
Dave D. is right as this is definitely the direction Rod is thinking now, especially since LeBron, Wade and probably Bosh are staying put for at least 1 more year.
Besides Lee and Gay are in the next tier anyway (Amare isn’t first tier due future surgery considerations).
Lets hear more about getting David Lee and the fact that you had believed Knicks wouldn’t try to sign him early on, even though he is a fan favorite??
Could Nets afford both DLee and someone like Gay? I think the $ mentioned are too low for these two, if they in fact are the best players available. Fortunately DLee missed All Star game or his agent could ask for well over 12 million and the Knicks would have no choice but to pay.
by Jerry25 on Jan 30, 2010 3:57 PM EST reply actions
If Rudy is signed to a $60 million offer sheet with a significant amount of cash required upfront, the Grizz would sign that in a heartbeat.
1) Grizz owner is a billionaire. He spent like crazy in the early years & the Grizz were luxury tax payer. A poison pill wouldn’t scare the franchise off.
2) Zach Randolph, Marc Gasol, & OJ Mayo will be up for new contracts soon, but unless Gasol & Randolph are signed to extensions next year, all three will be under the new Collective Bargaining Agreement. If that’s the case, their deals might be smaller than current deals, making overpaying Rudy Gay easier to swallow. In addition, Zach Randolph’s next deal may be for significantly less than the $17 mill+ he’s getting next season.
3) If Grizz continue with the great season and have success in the playoffs, Gay might be motivated to stay in Memphis. Gay is not a generational superstar, more like an upper middle class man’s Corey Maggette. The Grizz have amazing chemistry & Gay is not relied on to be the savior.
by Latilleon on Jan 30, 2010 7:36 PM EST reply actions
If Nets paid a signing bonus, would it count against the Nets salary cap for 2010? and therefore prevent signing another free agent?
Well, are the Grizz in bad financial shape or not? The Nets are in bad shape, but their new owner will absorb the debt.
by Jerry25 on Jan 30, 2010 7:52 PM EST reply actions
The Grizz are in good financial shape. Their owner doesn’t like to throw away money, but with the team winning, he will likely be willing to invest more again. The team has made a number of moves in the past couple of years to get the books in order, preparing to be able to spend after rebuilding.
by CashConsiderationsFan on Jan 30, 2010 8:18 PM EST reply actions
The Grizz are not in good financial shape, period. They have been for sale for two years with no takers. They have had to borrow from an NBA credit facility set up to help struggling franchises.
I am not speculating.
by NetIncome on Jan 30, 2010 11:39 PM EST reply actions
the grizz gave away pau gasol for that doofus kwame brown because he was a large expiring contract…why would they hold on to 7-time all star rudy gay for $60M?
by jirohkanzaki on Jan 31, 2010 12:23 AM EST reply actions
You are only solidifying your demise as a franchise if you throw money at Rudy Gay. This is coming from a Grizzlies fan.
by coubs on Jan 31, 2010 2:11 PM EST reply actions
BTW, we’ll take CDR off your hands if he’s expendable.
by coubs on Jan 31, 2010 2:13 PM EST reply actions
Grizz got a credit line in 2001. So what?
The Grizz owner actively tried to sell the team 2004-06, but wants north of $300 mill, but lease is ironclad so it limits interest.
The Grizz owner signed Jason Williams to a $43 mill extension in 01, Micheal Dickerson to a $43 mill ext in 01, Mike Miller to a $48 mill ext in 03, Shane Battier to a $36 mill ext in 04, Pau Gasol to a $86 mill ext in 04, offered Stromile Swift $45 mill in 05 (which he declined, ended up with $25 mil from Houston), signed James Posey to a $25 mil deal in 03, Brian Cardinal to a $36 mill deal in 04, and Darko Milicic to a $21 mill deal and your evidence he wouldn’t re-sign Rudy Gay is cuz of the Pau trade (Which netted top 10 NBA center Marc Gasol & the cap room to trade for Zach Randolph, who earns as much as Pau.) If the Grizz re-sign Rudy, 2010-11 payroll is going to be really high, but 2011-12 dips because Marko Jaric & Zach Randolph drop from the books.
As far as the Grizz financial situation, attendance sucks (but you’re the NY market & your attendance sucks too), but the Grizz have good corporate support, and last year, had a very low payroll. The team earned millions from facilating deals, and with the low payroll, reported earned a profit last year. Making a profit off cost cutting is nothing to brag about, but its evidence that the Grizz aren’t as bad off as teams like Indiana, which supposed like tens of millions last year.
If this team is a playoff contender, it’ll be more likely the owner will keep the core together.
by Latilleon on Jan 31, 2010 11:38 PM EST reply actions
One more thing:
The Pau deal…
People away from Memphis don’t understand the bitterness in the market had for Pau. As talented as he is, he breaks under pressure, and was such a whiner that Griz fans hated him. Pau had to go. Fans wanted more from the trade, but it ended up working out.
by Latilleon on Jan 31, 2010 11:46 PM EST reply actions

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