Miller4Prez66 545 Report post Posted July 14, 2013 Trading to get Hedo back was the worst mistake that the Magic ever did, Hedo was never the same player after getting paid. Fixed. Share this post Link to post Share on other sites
BN 44 Report post Posted July 15, 2013 Fixed. Essentially what happened Share this post Link to post Share on other sites
MakDaRealist 15 Report post Posted July 16, 2013 Thankful for his contributions but glad the end is near. I'm guessing a buyout will run us less then the 6mil rate of outright releasing him? Share this post Link to post Share on other sites
MAGICmanSAM 6 Report post Posted July 16, 2013 I was at this game. Loudest I ever heard the arena. http://www.youtube.com/watch?v=RPpo0NyBeLA Share this post Link to post Share on other sites
OrLanDoMaGic2K16 0 Report post Posted July 16, 2013 Magic were likely to make this offseason were buying out the remainder of Harrington and Turkoglu's contracts, saving the team nearly $9 million in salary and freeing up two roster spots for the team's young players and acquisitions. I hope this happens real soon... :bigparty: Share this post Link to post Share on other sites
OrLanDoMaGic2K16 0 Report post Posted July 16, 2013 Thankful for his contributions but glad the end is near. I'm guessing a buyout will run us less then the 6mil rate of outright releasing him? Exactly 6 mil http://www.orlandomagicdaily.com/2013-articles/july/al-harrington-hedo-turkoglu-071413.html Share this post Link to post Share on other sites
MakDaRealist 15 Report post Posted July 16, 2013 Exactly 6 mil http://www.orlandomagicdaily.com/2013-articles/july/al-harrington-hedo-turkoglu-071413.html Please excuse me, I'm not the brightest tool in the shed but what would be the point of negotiating a buyout if it doesn't come less then the release rate of 6mil? Share this post Link to post Share on other sites
30Assists 342 Report post Posted July 16, 2013 Please excuse me, I'm not the brightest tool in the shed but what would be the point of negotiating a buyout if it doesn't come less then the release rate of 6mil? I'm not real in the know on this kind of stuff, but I'm guessing the savings is both in roster spots and salary cap relief moving forward. We pay him $6mil and and we don't have that $6mil counting against the cap. Share this post Link to post Share on other sites
MakDaRealist 15 Report post Posted July 16, 2013 I'm not real in the know on this kind of stuff, but I'm guessing the savings is both in roster spots and salary cap relief moving forward. We pay him $6mil and and we don't have that $6mil counting against the cap. I meant to say sharpest btw. Is that what the difference is, a buyout doesn't count against the cap? If true then I see why the buyout can be important, it gives us more cap space Share this post Link to post Share on other sites
jmmagicfan 302 Report post Posted July 16, 2013 I meant to say sharpest btw. Is that what the difference is, a buyout doesn't count against the cap? If true then I see why the buyout can be important, it gives us more cap space I believe that the buyout amount does still count toward the salary cap and the luxury tax line, but the savings is direct. So for example, if Hedo stays he gets $12M, but by doing the buyout we only pay him $6M - not only do we save the $6M, but also any applicable luxury tax. With Harrington it is less, as he is due about $6.5M and his buyout is about half of that. I don't believe that we would be in luxury tax territory next season anyway, but saving $9M is still good. If they only buyout one, I would rather see Hedo go, and keep Al. Share this post Link to post Share on other sites
MakDaRealist 15 Report post Posted July 16, 2013 I believe that the buyout amount does still count toward the salary cap and the luxury tax line, but the savings is direct. So for example, if Hedo stays he gets $12M, but by doing the buyout we only pay him $6M - not only do we save the $6M, but also any applicable luxury tax. With Harrington it is less, as he is due about $6.5M and his buyout is about half of that. I don't believe that we would be in luxury tax territory next season anyway, but saving $9M is still good. If they only buyout one, I would rather see Hedo go, and keep Al. It was my understanding that because Hedos contract is only partially guaranteed we can release him and only be responsible for the 6mil. If that's the case, then what would be the point of a buyout OR is the buyout the only way we can get rid of a partially guaranteed contract? Share this post Link to post Share on other sites
OrLanDoMaGic2K16 0 Report post Posted July 16, 2013 Please excuse me, I'm not the brightest tool in the shed but what would be the point of negotiating a buyout if it doesn't come less then the release rate of 6mil? To my understanding its possible for Hedo to agree to a Lower buyout than $6mill , just so we can release him and he has a chance to make another teams roster and a chance to play. Main advantage to us would be their salaries coming off the books (Hedo & Al) but mainly making it possible to free up 2 roster spots for us and hopefully giving us a chance to use our Trade Exception. Share this post Link to post Share on other sites