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Dpauley23 wrote:
I'm not following how it would be paying him like 16 million. It would be $8 million a year. Less than $5 million after agent fees and taxes.
Compare the first three years of an $8 million a year deal and a 3 year MLE offer using the estimated salary cap (which from what I heard, should end up being higher than the estimate, thus making the MLE higher.)
Year 1: Bulls - $6.34 MLE - $5.87
Year 2: Bulls - $7.00 MLE - $6.34
Year 3: Bulls - $7.67 MLE - $6.81
Total: Bulls - $21.01 MLE - $19.02
The Bulls offer isn't that much. He could probably make up that much just by getting in a T-Mobile commercial with D-Wade.
And then when you incorporate taxes, it becomes less.
Now say using a 7% state tax for road games for both teams (not going to go through and calculate that, but I'm pretty sure that's around the average, you get.
After Taxes (for Miami):
Bulls - $12.61
MLE - $11.70
Now incorporate agent fee (using the largets allowed in the NBA of 4%)
Now:
Bulls - $12.10
MLE - $11.23
So in the end, it comes down to $870,000 difference among the first three years of an $8 million a year deal from the Bulls, and a 3 year MLE deal. Again, if Gordon gets in a T-Mobile commercial (say they do a commercial concept where Chuck gets bounced out of Wade's Fav 5 for Gordon), that money is probably already made up.
And even if he doesn't get an additional endorsement, is 870k really an amount that is going to keep him in Chicago, when future earnings after the third year would be much greater in a place like Miami?
How is that lowball offer? If they gave him that offer they would basically be paying him 16 million for this year. I don't think people realize that you could probably give this guy offer at 9 million, but his 2009 salary would have to be low
I'm not following how it would be paying him like 16 million. It would be $8 million a year. Less than $5 million after agent fees and taxes.
Compare the first three years of an $8 million a year deal and a 3 year MLE offer using the estimated salary cap (which from what I heard, should end up being higher than the estimate, thus making the MLE higher.)
Year 1: Bulls - $6.34 MLE - $5.87
Year 2: Bulls - $7.00 MLE - $6.34
Year 3: Bulls - $7.67 MLE - $6.81
Total: Bulls - $21.01 MLE - $19.02
The Bulls offer isn't that much. He could probably make up that much just by getting in a T-Mobile commercial with D-Wade.
And then when you incorporate taxes, it becomes less.
Now say using a 7% state tax for road games for both teams (not going to go through and calculate that, but I'm pretty sure that's around the average, you get.
After Taxes (for Miami):
Bulls - $12.61
MLE - $11.70
Now incorporate agent fee (using the largets allowed in the NBA of 4%)
Now:
Bulls - $12.10
MLE - $11.23
So in the end, it comes down to $870,000 difference among the first three years of an $8 million a year deal from the Bulls, and a 3 year MLE deal. Again, if Gordon gets in a T-Mobile commercial (say they do a commercial concept where Chuck gets bounced out of Wade's Fav 5 for Gordon), that money is probably already made up.
And even if he doesn't get an additional endorsement, is 870k really an amount that is going to keep him in Chicago, when future earnings after the third year would be much greater in a place like Miami?