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NBA 2016-2017 Season Thread - Page 1027

post #15391 of 27206
i'm open to being wrong, do you have a source?

closest i can find right now is from when he got fired from the Lakers.
http://sports.yahoo.com/blogs/nba-ball-dont-lie/mike-brown-celebrated-leaving-lakers-chik-fil-photo-011732721--nba.html
Quote:
It probably does not hurt that Brown had roughly $11 million left on the $18 million deal he signed with the Lakers last summer. They'll be paying him for a while. This chicken sandwich was only the first of many.

i know noooothing about law; are basic contracts generally guaranteed? i thought coaches' were. i thought that's why it's such a disaster when you fire a long-term coach immediately, and that's why nobody thought CLE was gonna do so, because they still had to pay him for 4 more years. if the rest of his contract is offset by his future salary then that hit would be diminished significantly.
post #15392 of 27206
Quote:
Originally Posted by Brothersport View Post

i'm open to being wrong, do you have a source?

closest i can find right now is from when he got fired from the Lakers.
http://sports.yahoo.com/blogs/nba-ball-dont-lie/mike-brown-celebrated-leaving-lakers-chik-fil-photo-011732721--nba.html
i know noooothing about law; are basic contracts generally guaranteed? i thought coaches' were. i thought that's why it's such a disaster when you fire a long-term coach immediately, and that's why nobody thought CLE was gonna do so, because they still had to pay him for 4 more years. if the rest of his contract is offset by his future salary then that hit would be diminished significantly.

In contract law, when one part breaches a contract (by terminating the relationship early, for example), the other party is generally entitled to damages that will "make him whole" by restoring the benefits he would have lost because of the breach (referred to as "expectation" damages). However, the law also expects the injured party to make reasonable efforts to mitigate his damages.
So, a simple example. You hire me shine your shoes for 5 years at $1M year under an exclusive, guaranteed contract. After three years you fire me. The analysis starts with the fact that you may owe me $2M. But if I get another job paying me $14M/year, you've gotten lucky and owe me nothing. (I'm entitled to be "made whole", but not to have you fund a windfall where I end up doing better than if you'd honored the contract.) If I make reasonable efforts to find another gig but end up having to settle for $500k/year shining indesertum's shoes, you'd owe me $1M ($500k shortfall x 2).

I'm assuming in this context "guaranteed" means that the contract runs for the full five year term even if the coach gets fired. {This is distinguished from the default rule in most states that employment contracts are presumed to be terminable-at-will -- that is, either side can walk away at any point and the meter stops at that point. } But that's slightly different from the mitigation point. I would take that to mean that you use the whole five-year term to calculate the maximum potential damages ($3M from my example above), but that can still be reduced or eliminated if the coach gets another job (which he would not have been able to do if still actually coaching the team that fired him.

That said, you can generally structure a contract however you want. A coach with a lot of leverage certainly could negotiate a contract that provided that he'd be paid the entire anticipated contract sum even if he were fire and even if he took another job. But that wouldn't be the way it would normally work unless it's specifically what the parties agreed to.

Firing a coach with a long-term contract is a disaster because you're on the hook for the remainder of the contract while he sits on his ass at home, and you have to pay your new coach as well. Of course, if you'd agreed to a full pay-out regardless of termination, that would be even more of a disaster . . .
post #15393 of 27206
^ ahhhh… good old K law. My remedies prof always hated the "made whole" concept and insisted we use "rightful position" but you know what I mean.

On a related note….. "Hey Kobe! I hear Mike Brown is available!" lol8[1].gif
post #15394 of 27206
I passed Contract Law. I'm saying no more about my performance than that.
post #15395 of 27206
Huh, okay. Yeah I understood that, just didn't think that applied to NBA coaches, thanks for the lesson.

Looks like I'm wrong. But these articles from when Brown was fired from LAL (owes $6-7 mil over 2 years) and then hired by CLE ($5 mil/yr for 4 years) say that LAL would only get some of the money back, even though it should theoretically be totally covered by the new CLE contract.
http://espn.go.com/blog/los-angeles/lakers/post/_/id/36547/how-mike-browns-hiring-affects-the-lakers
http://www.insidesocal.com/lakers/2013/04/23/lakers-to-financially-benefit-from-cleveland-hiring-mike-brown-as-head-coach/
Quote:
The Lakers owe Brown approximately $7 million for the remaining two years on his contract with the team, but the Cleveland hiring will offset some of that. According to a team source, the Lakers expect "at most" half of what they owe Brown to be offset and that the $3-4 million that it would amount to would be a "grain of sand on the beach" when it comes to impacting the Lakers' finances. The Lakers will not know the final amount they will save on the Brown hiring until his new contract with the Cavs is finalized and approved by the league, which could take "up to a month," according to the source.
I don't get it, and I give up. icon_gu_b_slayer[1].gif
post #15396 of 27206
Quote:
Originally Posted by Brothersport View Post

Huh, okay. Yeah I understood that, just didn't think that applied to NBA coaches, thanks for the lesson.

Looks like I'm wrong. But these articles from when Brown was fired from LAL (owes $6-7 mil over 2 years) and then hired by CLE ($5 mil/yr for 4 years) say that LAL would only get some of the money back, even though it should theoretically be totally covered by the new CLE contract.
http://espn.go.com/blog/los-angeles/lakers/post/_/id/36547/how-mike-browns-hiring-affects-the-lakers
http://www.insidesocal.com/lakers/2013/04/23/lakers-to-financially-benefit-from-cleveland-hiring-mike-brown-as-head-coach/
I don't get it, and I give up. icon_gu_b_slayer[1].gif

Sure. Again, though, NBA coaching contracts are a pretty specialized, tiny subset, and there could very well be provisions commonly incorporated into them that make everything I said about the default rules meaningless.


As far as MB: the time period may be covered, but it looks like CLE is paying him at a lower annual rate than what LA agreed to pay, right? In that case it's like when that cheapskate indesertum would only pay me $500K/year - you'd still be on the hook to make up the difference. Presumably that's why the Laker spokesperson said they'd have to wait for the CLE contract to be finalized to know exactly how much they'd still owe.
post #15397 of 27206
tell us more about this shoe shining job. i could take the pay cut to get out of journalism.
post #15398 of 27206
Before you quit your current gig, I should tell you that "shoe" is a euphemism.
post #15399 of 27206
so is "journalism" smile.gif
post #15400 of 27206
Quote:
Originally Posted by Brothersport View Post

Huh, okay. Yeah I understood that, just didn't think that applied t
I don't get it, and I give up. icon_gu_b_slayer[1].gif

dude stop ragging on Mike Brown... he just got fired and now needs time to heal. lol8[1].gif

i totally know how this shit works too... just like stu jackson (former knicks and vancouver head coach) Mike brown is the motherfucker who keeps on failing forward into a cushy NBA head office executive position down the line - something like Executive VP of player affairs.
post #15401 of 27206
watching the Anderson cooper interview of Donald Sterling on CNN
post #15402 of 27206
Quote:
Originally Posted by HRoi View Post

watching the Anderson cooper interview of Donald Sterling on CNN

"I am not a racist" X 25

He's also asked Anderson Cooper if he was ever jealous of a woman. LOL

Sterling could have been prepped a lot better for this fiasco.

I guess a guy that spent 2.5 million on Stiviano, and then said he was jealous of her, He couldn't control her and appears to have had no good advisers. He was probably surrounded by yes-men and still is.

And the stuff he is saying about Magic will be hard to deny.

Magic "I have attained the Aids virus" Johnson can do anything he wants and get good press.

Quick opinion, this is a disaster for Sterling.

Wow, is this guy Sterling, PC incorrect! Next, he ought to slam Barack Obama. That would go over real well.
Edited by rnoldh - 5/12/14 at 5:59pm
post #15403 of 27206
not to mention saying that when Jews get rich, they give back to the community, but when 'some' black people get rich they don't do shit.


btw as much as a crackpot Sterling is, I think this V Stiviano woman is even crazier. I love the visor lol8[1].gif
post #15404 of 27206
Every time I watch the Nets, I just see Pitbull coaching them.
post #15405 of 27206
Goddamn bitchface. plain.gif
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