Re: What are the terms?

["Jim Meninno" <jim_meninno@hotmail.com>]

Celtics get Pierce for 5 years.  Also, does this mean that, if someone 
like Antoine signs a 7 year deal, the whole thing is limited to his 
current tenure (ie. 3 years of service, 9 million per year)?  Or, can 
years 7,8 and 9 be at 11 million?  Anyway, he should be in green for a 
while.



According to ESPN:

Both sides had to compromise, and they wound up doing that. The owners 
get a five-year rookie deal, which is what they wanted, with a 
fifth-year right of first refusal. They get caps on the high-end 
players. The numbers are $9 million for players with 0-6 years 
experience, $11 million for players with 7-9 years experience, and $14 
million for players with 10 or more years experience. They split the 
difference between $12.5 million and $15 million, which was where they 
were. 

The percentage in escrow years, I believe, is 54 percent, which is a win 
for the owners because the players had started at 63 percent and the 
owners were at 48.

But the league also gave the union something in terms of the $1 million 
exception. Previously, teams could only use the $1 million exception 
every other year. Now every team will have to use the $1 million 
exception every year. Add that to the average salary exception to be 
phased in over the next three years and there will be more salaries in 
the million-dollar range for more players who otherwise would be making 
the minimum.

>Date: Wed, 6 Jan 1999 13:59:41 -0500
>To: celtics@igtc.com
>From: Theresa Lee <tjoyce@mit.edu>
>Subject: What are the terms?
>
>What are the terms of the agreement and how do these effect the 
Celtics?
>
>The beauty of the lockout just may be that some players have realized 
how
>much they love the game. Any that fall too in love will be sent to Camp
>Pitino where they will, once again, learn to hate practice, but love 
the
>GAMES!!
>
>Another thing to watch is who kept themselves in shape and who did
>not.....who presumed they must be ready to "go back to work" at any 
point
>and who took it as vacation time.
>
>Michael....in or out?
>
>Malone....Jazz or Laker?....hah!
>
>Even if there is an asterisk next to Bird's name when he wins the 
title,
>the asterisk will also explain that his players had respect for him and 
the
>team and chose to keep themselves together and play during the lockout.
>That speaks volumes to me. Also, SOMEONE has to win it.
>
>Patrick Union's shins are going to be sore from all of the "little 
guys"
>who want retribution as they drive to the hoop (basket be damned, he'll 
be
>a marked man).
>
>Rodman....is there a team in Las Vegas?
>
>Jayson Williams for Union President?
>
>TJL
>
>
>


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