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Old 03-15-2012, 11:02 AM   #18
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Join Date: Jun 2010
Location: TN
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Default Re: Sam Young traded to 76ers

Originally Posted by FlawlessVictory
Memphis going to sign Arenas as speculated yesterday?

I don't see the point of giving away Young unless they have somebody coming in.
Well the main reason was to get under the Luxury Tax line and to receive the revenue sharing. It's been speculated for a while now that he would be the guy to go since the Grizzlies were roughly $600,000 over the line and Young's contract owed him almost $1,000,000 this year. Now as far as signing Arenas goes, I'm a little confused. I thought the Grizzlies would have to sign him at the vet min of $1.4mil so then we'd have to unload someone like Pargo's $1,000,000 to get under the tax line again. However, the Commercial Appeal tweeted this.

@CAGrizBlog: Because Griz got under tax with Young deal it's easier to sign Gilbert Arenas. Griz would only be on the hook for $300,000 for Arenas

@CAGrizBlog: $300,000 would be prorated amount after NBA picks up a good portion of veteran's minimum.

Someone with more knowledge might be able to explain this.
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