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According to Mike McGraw, the Bulls were planning on locking up Ben Gordon for $6-7 million.
http://www.dailyherald.com/story/?id=305084
This is one of the dumbest things I've ever read.
The NBA estimated the cap to be at $57.3 million this year...I've heard the financials weren't as bad as they originally thought, so it's probably a little higher than that, but using the NBA's doom and gloom figure from earlier in the year, that would make the MLE be $5.73 million.
Say Miami offers Gordon a five year MLE deal. It totals to $33.234 million. The first five years on a 6 year, 7 million per deal from the Bulls totals at $33.544 million.
So for the next 5 years, they wanted Gordon basically on an MLE deal. If you work out the state income taxes though, Gordon would have more take home money in Orlando, Miami, San Antonio, Dallas, and Houston than he would in Chicago.
If this is true, then the Bulls need to clear out their front office. The idea of offering Ben Gordon essentially the MLE is insulting. There would be no chance that he would entertain such an offer. If the Pistons didn't make their offer, Gordon would be out there with his buddy Wade next season. There are some mental midgets in that front office if they thought that they had any realistic chance of bringing Gordon back for that.
"Hey Ben...good job last season, you did so much better than in 07-08. To reward you, we're going to offer you $2-3 million less per a year than we did last year!"
Chances are, the Bulls would have tried to lock up Gordon for $6 million-$7 million per season, then made other moves to get below the luxury tax.
http://www.dailyherald.com/story/?id=305084
This is one of the dumbest things I've ever read.
The NBA estimated the cap to be at $57.3 million this year...I've heard the financials weren't as bad as they originally thought, so it's probably a little higher than that, but using the NBA's doom and gloom figure from earlier in the year, that would make the MLE be $5.73 million.
Say Miami offers Gordon a five year MLE deal. It totals to $33.234 million. The first five years on a 6 year, 7 million per deal from the Bulls totals at $33.544 million.
So for the next 5 years, they wanted Gordon basically on an MLE deal. If you work out the state income taxes though, Gordon would have more take home money in Orlando, Miami, San Antonio, Dallas, and Houston than he would in Chicago.
If this is true, then the Bulls need to clear out their front office. The idea of offering Ben Gordon essentially the MLE is insulting. There would be no chance that he would entertain such an offer. If the Pistons didn't make their offer, Gordon would be out there with his buddy Wade next season. There are some mental midgets in that front office if they thought that they had any realistic chance of bringing Gordon back for that.
"Hey Ben...good job last season, you did so much better than in 07-08. To reward you, we're going to offer you $2-3 million less per a year than we did last year!"