Bulls Waive JamesOn Curry

[From the FanShots -ed.]

The Bulls on Thursday released second-year guard JamesOn Curry. The 6-foot-2 guard was a second-round pick, chosen No. 51 overall in 2007, but never played for the Bulls in the regular season.

11 months ago NBA Observer Comment 32 comments 0 recs |

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an opportuinty...

pissed away?

Step 1 - Win lottery. Step 2 - Hire a coach. Step 3 - Win.

by Lt.Dan on Jul 31, 2008 3:49 PM CDT reply actions 0 recs

JamesOn...JamesOff

There’s more.

by NBA Observer on Jul 31, 2008 3:54 PM CDT up reply actions 0 recs

JamesOn MovesOn...

by smash! on Jul 31, 2008 4:08 PM CDT up reply actions 0 recs

He gOne

by YaoPau on Jul 31, 2008 4:47 PM CDT up reply actions 0 recs

cap implications anyone?

Dum spiro spero! (While there is life, there’s hope!)--Leon Trotsky

by alec on Jul 31, 2008 4:48 PM CDT reply actions 0 recs

eye on the prize

No cap number for the upcoming season. If he was waived at a date past today, it would’ve been $100k.

management sez: recommend fanposts/fanshots/comments! Click 'reply' when replying to a comment! Flag jerkfaces!

by your friendly BullsBlogger on Jul 31, 2008 4:53 PM CDT up reply actions 0 recs

Actually it's $100k

Past today it would have been $250k.

His salary would have been $711,517. So we saved $611,517.

Except… we’ll have to sign up someone else to that roster spot for at least the league minimum of $442,114 (for a rookie). So the net savings are $169,403.

Yay!

by Sports2 on Jul 31, 2008 10:53 PM CDT up reply actions 0 recs

unless we trade 1 player for 2 smaller contracts

like say, Larry Hughes or Noce.

by fundamentallysound on Aug 1, 2008 8:59 AM CDT up reply actions 0 recs

thanks

my mistake on the $100k

management sez: recommend fanposts/fanshots/comments! Click 'reply' when replying to a comment! Flag jerkfaces!

by your friendly BullsBlogger on Aug 1, 2008 9:25 AM CDT up reply actions 0 recs

Is it a move to protect Nichols?

He’s still with the club.

by NBA Observer on Jul 31, 2008 5:04 PM CDT up reply actions 0 recs

Hopefully he gets picked up somewhere else and plays, so I can actually see how he is. Or he just flamed out. Who knows.
I’m going to go the blindly optimistic route and say that this means the Bulls are serious about resigning Gordon.

by Prevenge on Jul 31, 2008 6:28 PM CDT up reply actions 0 recs

P.I.P (Pee in Peace)

Homecoming

by illwill on Jul 31, 2008 5:21 PM CDT reply actions 0 recs

HA!

by Belize on Jul 31, 2008 5:29 PM CDT up reply actions 0 recs

Ben Gordon implications...

By waiving Curry, the Bulls now have an extra $711,517 below the cap threshhold. I take this as a clear indication they are negotiating with Ben Gordon for an offer that will land them within thousands of that threshhold. This now means his contract’s first year could be closer to $9 million than $8 million and the total value closer to 6 years $66 million than 6 years $59 million…

Cut me some slack on the numbers, these are off the top of my head.

by Dionysus2.0 on Jul 31, 2008 6:39 PM CDT reply actions 0 recs

I just double checked Curry's salary situation.

According to Sham, today was the last day to waive Curry before contract became guaranteed.

Curry: Signed to a two year minimum salary contract in July 2007. Second year was only $100,000 guaranteed until July 31st 2008. Waived before then.

http://www.shamsports.com/content/pages/data/salaries/notes/bulls.htm

by Dionysus2.0 on Jul 31, 2008 6:56 PM CDT up reply actions 0 recs

As I wrote above

(saw that post first) we’ll have to replace Curry with someone. Teams have to carry 14 players now and we’ve only got 10+Rose under contract. So even if we sign Gordon we still need to sign to more guys and that’ll eat up at least $900k of space (about $442k per player)

by Sports2 on Jul 31, 2008 10:55 PM CDT up reply actions 0 recs

If I remember correctly

If you sign someone to the veterens minimum, it does not count against the cap. Its just a matter of finding some scrubs that need a paycheck.

"Rest satisified with doing well and leave others to talk of you as they please"

by Bigred15 on Aug 1, 2008 10:15 AM CDT up reply actions 0 recs

There are also no luxury tax implications.

"Rest satisified with doing well and leave others to talk of you as they please"

by Bigred15 on Aug 1, 2008 10:16 AM CDT up reply actions 0 recs

Sort of

http://members.cox.net/lmcoon/salarycap.htm#11

When a player has been in the NBA for three or more seasons, and is playing under a one-year, ten-day or rest-of-season contract, the league actually reimburses the team for part of his salary – any amount above the minimum salary level for a two-year veteran. For example, in 2005-06 the minimum salary for a two-year veteran is $719,373, so for a ten-year veteran, with a minimum salary of $1,138,500, the league would reimburse the team $419,127. Only the two-year minimum salary is included in the team salary, not the player’s full salary. They do this so teams won’t shy away from signing older veterans simply because they are more expensive when filling out their last few roster spots.

by Sports2 on Aug 1, 2008 1:03 PM CDT up reply actions 0 recs