Re: Alston gone; Nets deal for Chris Quinn :)
i had absolutely zero understanding of this complicated trade, so i followed NI's comments to understand it better. reprinting them here in case it helps make things clearer for anyone else who was confused:
So here’s what apparently happened…
–The Nets tried to trade Alston but couldn’t get anything they wanted.
–He agreed to give up $1 million in what was owed to him.
–The Nets got an undetermined amount of cash from Miami, thus adding to the savings on this. I assume the amount is no greater than the $1.07 million owed to Quinn.
–The Nets used the smaller of their two trade exceptions from the VC trade, the $1.22 million exception that equaled Ryan Anderson’s salary. They retain the larger one…$3.73 million.
–The Nets now have 10 draft picks: two firsts and a second in 2010; a first and two seconds in 2011; two firsts and two seconds in 2012. That’s the most of any team.
–IF the cash the Nets received does amount to $1 million, then the Nets saved a net of about $1.5 million, the difference between what they saved from Alston’s buyout and the cash from Miami minus what’s owed Quinn.
–The Nets are now be under the salary cap, I think. In terms of cap space, they saved more than $3 million…the difference between Alston’s reconfigured salary (about $4.2 million) and Quinn’s salary ($1.07 million.) Since the Nets were just above the cap, a savings of $3 million would put them below the cap by that amount.
-The Nets pick is protected 31-50 meaning unless the Nets finish with the NBA’s 10th best record or better, the pick remains with the Nets. There is carryover til 2011 or 2012. If there had been, it would have been mentioned in the official press release.
-The Heat pick is unprotected. No matter where the Heat finish in 2011-12, the Nets get it.
-Al Iannazzone makes the point that the Nets were able to use one of the two trade exceptions from the Carter deal to gain a player, $1 million in cash and a second round pick. Normally, a team lets those smaller trade exceptions expire. The Nets also got to keep the larger exception they gained in the Carter deal.
-So the Vince Carter trade is now Vince Carter and Ryan Anderson for Courtney Lee, Tony Battie, Chris Quinn, a second round pick in 2012, a $3.73 million trade exception and $1 million in cash. In other words, this deal enhanced the Carter deal.
cool... i think. :)