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Earlier today, Lone Ranger, Celtic and Spurs reached a three-party deal. The specific transaction content is: Lone Ranger won Gewei + two rounds of signing, in Spurs, he won Brock + the first round of exchange with The Lone Ranger in 2030 (not protected), and the Green Army won two rounds of signing!
In this three-party transaction, Ge Wei joined The Lone Ranger by signing first and then changing. So what is the first sign and then change? Today, my cousin wants to take you to have a look.
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As the name implies, signing first and changing later means that the free agent renews the contract with the mother team first, and then the mother team trades him to other teams. In NBA, it is allowed to sign before changing, but this operation must be completed within 48 hours after the renewal. If the player is not successfully traded to the Target team after 48 hours, then his renewal contract with his mother team will be void.
As for signing first and then changing, many fans may have such questions: can’t free players sign directly after they talk about their new boss? Why did you renew the contract with the former boss before being replaced? It was a bit unnecessary. In fact, this is not the case. The basic principle of NBA wage cap system is that each team can only sign free players under the cap, this makes many teams that do not have salary space but want to introduce high-quality players in the free market very troublesome, but after signing first and changing, these teams can use it to break through the limitation of wage cap and still attract strong aid in the free market when the salary space is not enough. They can negotiate a contract with the desired player, then let the player sign the contract with his mother team, and finally find the player’s mother team to make a deal and change him.
Objectively speaking, it is a wonderful invention to sign first and then change this tool, because it can often lead to a three-win situation, and the team receiving players can break through the limitation of salary cap to introduce players, players can sign in better contracts, and teams that send out players can also exchange some assets to avoid losing him in vain.
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In Gewei’s transaction, there is also a knowledge point-base year compensation. Let’s take a look at this point. The main purpose of this clause is to make each team not want to give him a high salary because they consider that they may trade him soon.
The Celtics offered only 6.2 million salaries.
The basic year compensation is the content of the previous versions of labor agreements. In the current NBA, it will only be involved when signing first and then changing. When signing before changing, if a team renews its contract, it has played for two consecutive seasons (with its early Bird rights) or three seasons (with its Bird rights) the annual salary of the new contract is higher than the base salary and the annual salary increase is more than 20%, and the total salary of the team reaches or exceeds the salary cap after the renewal of the contract, then when the team trades the salary he sends out, it takes 50% of the last year’s salary of the player’s old contract or the first year’s salary of the new contract, both of which take the bigger. However, the annual salary of the team receiving the players is the actual annual salary of the players.
As for the example of Gewei, he met all the standards of compensation in the base year. The salary in the last year of the old contract was 4.31 million dollars, and 50% of the salary in the first year of the new contract was 6.28 million dollars, so the salary offered by the Celtics when trading him was 6.28 million dollars, while the salary offered by the Lone Ranger when he was introduced was 12.56 million dollars.
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OK, the above is all the contents of signing first and then changing the compensation for the base year. I hope everyone will have more understanding of NBA after reading it and go further on the way to understand the ball emperor.
Details and cases of NBA labor agreement
