Re: Rumors

[CeltsSteve@aol.com]

In a message dated 08/03/2000 9:30:48 PM Pacific Daylight Time, 
johnlyell@hotmail.com writes:

<< How does the MGrady sign and trade get away with not being within the 15% 
? >>


If McGrady was re-signed by Toronto while they were under the cap then he's 
not a BYC player. If they were over the cap, Toronto could only take back 50% 
of the first year salary he re-signed for. My guess is they were over the cap 
when they re-signed him but by dropping his full salary off their books and 
not taking back any salary in exchange, they are now back under the cap and 
it is that amount they are under the cap now that they might dangle in front 
of Mo Taylor.

But either way, by Orlando being well under the cap, they had the cap room to 
take back more in salary then the amount they were sending out, in this case 
none as it is a future first rounder they gave up; so it works fine from 
Toronto's perspective. It also was to McGrady's advantage because it upped 
the $$ and length of years he could sign for from 6 to 7 years and the annual 
percentage of increase is also greater for re-signing your own free agents 
vs. signing outside free agents. And now since both Hill and McGrady have 
been traded, both are no longer BYC players.