What are we going to do with Salmons?

[lethalweapon3]

Next tweet coming from @ajchawks: "And he's not only merely waived: He's really, most sincerely waived!"

 

~lw3

[lethalweapon3]

@ATLHAWKS deserves a little heat, too. Radio silence on their Twitter page for 15 hours, and counting. I guess they figured fans were supposed to #AskMuscala yesterday?

 

~lw3

[lethalweapon3]

Well, lookee here! Better late than later.

 

#AfterFerryDecides

 

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~lw3

[Guest]

Whew!

[Watchman]

Woot Woot. "Sold" a year old draft pick for cash.

How do you figure that? We paid a guy to go away, and for that privilege, we gave up a player contract and draft rights to another.

The 10 day extension was probably so that ASG could have some yard sales to generate the $1 million payoff to Salmons.

[DatWerkk]

The "indeed" part gives it gravitas this time.

 

~lw3

 

[bird_dirt]

How do you figure that? We paid a guy to go away, and for that privilege, we gave up a player contract and draft rights to another.

The 10 day extension was probably so that ASG could have some yard sales to generate the $1 million payoff to Salmons.

 

well, didn't we basically save $4mil? paid fish $1 mil, but saved over $5 mil from lou's contract.

[Watchman]

well, didn't we basically save $4mil? paid fish $1 mil, but saved over $5 mil from lou's contract.

Player contracts are considered to be "assets". We gave away a contract (asset) and the draft rights to another player so that we could experience the joy of paying off Salmons on behalf of another team, to the tune of $1 million.

[Guest]

Player contracts are considered to be "assets". We gave away a contract (asset) and the draft rights to another player so that we could experience the joy of paying off Salmons on behalf of another team, to the tune of $1 million.

Cap Space is also an asset.

[Watchman]

Cap Space is also an asset.

Only if you utilize it. I would not think it would ever show up on a balance sheet unless another contract was acquired or created.

Edited July 11, 2014 by Watchman

[BrazilianHawk]

 

Thank God.

[Watchman]

We got more cap space, let's see what Ferry does with it.

I hope he puts it to good use, and doesn't overpay some stiffs.

[BrazilianHawk]

Player contracts are considered to be "assets". We gave away a contract (asset) and the draft rights to another player so that we could experience the joy of paying off Salmons on behalf of another team, to the tune of $1 million.

 

whaaaaaaaaaaa?

 

Josh Smith's contract is also an asset? My Goodness!

Edited July 11, 2014 by BrazilianHawk

[Watchman]

whaaaaaaaaaaa?

 

Josh Smith's contract is also an asset? My Goodness!

Yep, you book it as an asset and then you amortize it as an expense over the life of the contract. Even a stupid Joe Dumars contract with Josh Smith.

[Guest]

Only if you utilize it. I would not think it would ever show up on a balance sheet unless another contract was made.

Utilization implies that something is an asset? The next logical implication of this is that Al Horford was not an asset for half of the year last year because the Hawks did not utilize him. So Al Horford is not an asset.

And Cap Space does show up on a type of balance sheet for operation NBA. That balance sheet operates through rules an accountant is not necessarily familiar with. It's called the Collective Bargaining Agreement, and under certain circumstances there is no money in the world that would allow a team to sign a free agent if they do not have the requisite Cap Space.

Edited July 11, 2014 by hawksfanatic

[Guest]

Utilization implies that something is an asset? The next logical implication of this is that Al Horford was not an asset for half of the year last year because the Hawks did not utilize him. So Al Horford is not an asset.

And Cap Space does show up on a type of balance sheet for operation NBA. That balance sheet operates through rules an accountant is not necessarily familiar with. It's called the Collective Bargaining Agreement, and under certain circumstances there is no money in the world that would allow a team to sign a free agent if they do not have the requisite Cap Space.

 

Don't they all have to comply with GAAP tho?

[AHF]

Cap space is absolutely an asset.

 

Whether it is worth giving up Bebe to expand that space (of which we already had some) depends on how we utilize it.

[Watchman]

Don't they all have to comply with GAAP tho?

Evidently some type of invisible and ethereal GAAP.

[Guest]

Evidently some type of invisible and ethereal GAAP.

 

It's possible that there is indeed a different type of balance sheet used within the walls of NBA operations which could presumably list 'assets' like capspace (based on the rules of the ethereal GAAP).  Maybe that's what he meant.  That actually makes sense now that I think about it, but the 'real' balance sheet would presumably (word of the day) have to be GAAP compliant.  Did I just answer my own question?

[lethalweapon3]

 

What are we going to do with Salmons?

 

 

 

 

~lw3