Updated throughout the day with quick takes from staff.
Understandably, no fan wants to hear that their owner is cheap, because it's essentially saying their owner doesn't actually want their team to win. Grizzlies fans, I understand your pain, because I know this will hurt.
But there's no way around it: the Grizzlies, and especially owner Michael Heisley, are cheap.
It's not even that they immediately re-signed Rudy Gay in order to avoid having to match a frontloaded contract. It's not even that they decided not to give Ronnie Brewer a qualifying offer (which would allow them to match any offer made to him) because they didn't want to risk being stuck paying Brewer that next season if nobody wanted him.
It's that they're currently engaged in possibly the most ridiculous contract negotiation I've ever heard about with rookie Xavier Henry.
Why is it so ridiculous? Unlike in most other sports, the NBA has a system where rookies have a slotted salary based on their draft position. The whole point of the system is to prevent rookies from holding out like this. You can see that scale here.
NBA teams can only pay their rookies between 80 percent and 120 percent of those figures, so technically, there is a "negotiation." But because the difference is so small, pretty much every team just pays the player 120 percent of the rookie scale. And why not? The rookie can't do anything to seek his real market value, so it's only fair for the team to throw him a bit of a carrot and give him as much as possible while complying with the rules.
Except that's not how the Grizzlies roll. The Grizzlies have decided they'd rather pay Henry around 80 percent of the scale, and Henry is balking. The official explanation by GM Chris Wallace is that the team wants their rookies to "earn" increases with good play. But that's completely nonsensical. When a rookie signs his rookie-scale contract, he locks in his salary for the next four years (with the final two years being a team option). He doesn't just lock in one year of salary. As well as Xavier Henry plays, there's absolutely no way he can "earn" an increase until his next contract.
So really, the reason this is happening is because the Grizzlies are cheap. They're willing to dig down in the sand and piss off their first-round draft pick over what basically amounts to six-tenths of one percent of their player payroll ($300,000 on a $50 million payroll). That's not fiscal responsibility, that's frugality at it's worst.
At this point, I'm hoping Henry finds a way out of this deal and onto another team. He deserves better.
Comments
The Grizzlies confuse me
If you’re going to be this frugal and delude yourself into thinking it’s a smart move, can you ever think you’re going to be able to compete for a championship? If not, then what the hell is the point of owning a franchise? Isn’t Memphis one of the teams that’s hemorrhaging money? Just sell your freaking team or contract it. It will make everyone’s lives better: the fans’, the players’, other teams’, and yours too Michael Heisley.
by Amin Vafa on Jul 16, 2010 11:20 AM EDT reply actions
After writing this
I realize Wallace might have been suggesting that they wanted to see Henry in Summer League before agreeing to give him 120 percent of the rookie scale. That’s still stupid, but it’s not as bad as I thought.
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by Mike Prada on Jul 16, 2010 11:40 AM EDT reply actions
Is there any chance that Wallace no longer wants him?
After giving Gay a monster deal, and with Mayo/Gasol looking at big pay increases in a couple of years, is it possible they’re doing this to basically allow him to go away? Did they think they didn’t have a shot at resigning Gay when they made the pick, and now no longer want a kid that won’t be getting much PT to develop behind Gay and Mayo? Would there be some kind of advantage in waiting to sign him until you have a trade in place to send him somewhere else?
Or am I giving Wallace too much credit here in thinking there’s logic behind what they’re doing beyond pinching pennies?
And Henry is absolutely justified in holding out here. Just look at Shaun Livingston—that could happen to any one.
"Got a bill that's big enough to twist the Tiger's tail. Husked some corn and made those SORRY HUSKERS BAIL!"
by KennyGregoryRockThaCradle on Jul 23, 2010 1:27 AM EDT reply actions
send him to ny
at least he’ll get paid his contract and memphis is being shitty right now as we speak and they’ve been shitty for some time now
by PTfromRP on Jul 23, 2010 2:12 AM EDT reply actions
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