SOHH.. the Lakers are going to use the stretch provision on Westbrook come Summer 2022?

Would you stretch Westbrook’s $47M 2022-23 salary over 3 years?


  • Total voters
    39

FAH1223

Go Wizards, Go Terps, Go Packers!
Staff member
Supporter
Joined
May 16, 2012
Messages
68,913
Reputation
8,037
Daps
208,948
Reppin
WASHINGTON, DC

FAH1223

Go Wizards, Go Terps, Go Packers!
Staff member
Supporter
Joined
May 16, 2012
Messages
68,913
Reputation
8,037
Daps
208,948
Reppin
WASHINGTON, DC
Aint no way they using the stretch provision. They JUST got through paying Deng THIS YEAR because of it :gucci::mjlol:

Lakers: LA is Paying Luol Deng the Same Amount as These 3 Stars

Lakers Haven't Ruled Out Stretching Russell Westbrook, Could Be Used To Keep Malik Monk

APR 7, 2022 3:06 PM

Westbrook_Russell_lal_211012.jpg


The Los Angeles Lakers have not ruled out the possibility of using the waive-and-stretch provision, sources tell Marc Stein of Substack.

The Lakers could take Westbrook's $47 million salary and stretch it over three years at approximately $15 million per year, which would take the team out of the luxury tax and also make it easier to retain Malik Monk.

The Lakers potentially see stretching Westbrook as a way of keeping Monk as worth it in and of itself.

In order to free themselves of Westbrook's contract otherwise would mean taking on bad salary and/or trading future draft assets.

MARC STEIN/SUBSTACK
 

FAH1223

Go Wizards, Go Terps, Go Packers!
Staff member
Supporter
Joined
May 16, 2012
Messages
68,913
Reputation
8,037
Daps
208,948
Reppin
WASHINGTON, DC
thought stretching was done in the league?...

Nope!!

CBA Explained: The Stretch Provision | SLAM

When an NBA player is waived, the guaranteed money owed to them remains on their team’s books for the duration of the contracted term. The stretch provision allows teams to waive a player and then spread that player’s cap hit over additional seasons at a lesser annual value.

Teams don’t have to use the stretch provision if they’d rather keep the player’s full cap hit and let the contract expire on schedule but sometimes it’s the preferred option as it allows teams cap relief sooner due the stretched annual value being so much lower than it would be otherwise.

How long are contracts stretched for?
Exactly how long contracts are stretched for depends on when the player is released and how many years are left on the player’s contract.

If the player is released before September 1, their current season can be stretched. If a player is released after September 1, the current season is paid out normally, and only the remaining seasons are stretched. For this reason, players on expiring deals can not be stretched after September 1.

The seasons to be stretched are stretched for twice their pre-stretched length plus one additional season. For example, a contract with two stretchable seasons remaining on it would be stretched for five seasons (eg; 2 x 2 = 4, 4 + 1 = 5), while a contract with one stretchable season remaining on it would be stretched for three (eg; 1 x 2 = 2, 2 + 1 = 3) .

How are the adjusted cap hits calculated?
The amount of money to be stretched can be negotiated by the team and player but without any additional agreements in place, only the guaranteed money owed to the player over the stretchable seasons is factored into the calculations.

The cumulative amount owed is then divided evenly across the length of the stretched contract.

If a player is owed $10 million over one remaining season but only $6 million of that is guaranteed, then that $6 million is what gets stretched out evenly over three seasons, with an annual cap hit of $2 million (eg; 6 / 3 = 2).

What happens if a player is signed after they’ve been stretched?
While teams can not sign a player that they themselves stretched and waived until the original contract expires, other teams can and often do sign players who’ve been released in this fashion. A player signing a new contract doesn’t absolve the waiving team of its financial commitment as a waiver claim would but it does decrease the cap hit slightly, through what is referred to as a set-off.

Can any player be stretched and waived?
Only players with at least one stretchable season, as outlined above, and at least $250,000 in guaranteed money can be waived using the stretch provision. Additionally, a player may not be stretched and waived if that will result in the team’s cumulative total of all waived contracts for that season equaling more than 15% of the salary cap for that season.

Can a team choose to stretch a waived player’s contract retroactively?
No. Teams must inform the league of their intent to stretch a waived player within one business day of the formal termination.
 

RubioTheCruel

Veteran
Supporter
Joined
Jul 16, 2013
Messages
19,598
Reputation
2,067
Daps
74,431
Reppin
Brooklyn, NY
Trade Westbrook to the Knicks. They're delusional enough to take him. Lakers could use a guy who can hit an open shot like Fournier and maybe they spin Randle off to a third party.
 

42 Monks

Veteran
Supporter
Joined
Feb 20, 2014
Messages
52,983
Reputation
9,009
Daps
196,673
Reppin
Carolina
I wasn’t thinking trade :hubie:

But as a free agent on the minimum once he gets waived and stretched
It only makes sense as a trade and its the only reason we'd want him. 50 mil expiring all wrapped up in one player? huge for a young team that's gonna need to pay a lot of guys and add one more key fit guy too

even if Russ decides he wants to sit out, that's still a win for us
 

drifter

Superstar
Joined
Dec 15, 2013
Messages
5,694
Reputation
2,855
Daps
20,965
Waiving an expiring contract is extremely shortsighted and stupid, it'll fukk the up books for 2 more years on top of the upcoming one and effect how the team's built until 2025

It would be too stupid so that's why I fully expect them to do it
 
Top