Navigation: Jump to content areas:


Pro Quality. Fan Perspective.
Login-facebook
Around SBN: Bracketology 2012: Duke Finally Steps Up To The No. 1 Line

Is a Kenny Thomas Buyout Viable?

I've never thought so. But the newest rash of buyouts, culminating in the Adonal Foyle deal first reported yesterday, changes my mind.

Foyle agreed to take $13 million from his guaranteed $20 million to walk away. He's 32, which means he'll be taking the veteran minimum for a few years and retiring back to the Caribbean.

Kenny Thomas, on the other hand, has $23.8 million left over three years. He just turned 30. He could, conceivably, get a multiyear -- three years, probably -- if he were cut free today. I think part of the midlevel could be possible -- maybe $3 million a year from some team. We laugh about Kenny, of course, but he's been an effective rebounder and defender in the past. He's not that old. Some team could justify bringing him aboard for the right price. (His current $7 million + will never be the right price, unfortunately.)

Of course, if KT were on the market today, he'd be taking a steep paycut. What's this mean? He's not going to give the Kings a big discount on his buyout. While I think KT is a very very proud man, I don't think he's proud enough to leave $7-10 million on the table. He wants to get into a situation where he can get minutes, but I doubt he's willing to burn his pocketbook to do so.

How much are the Maloofs willing to pay to get rid of KT (who shouldn't have a role on this team or the new edition of the Kings)? I doubt we'll ever see, because one (previously lauded) detail stands in the way of a Kenny Thomas buyout: His opt-out clause next summer.

It'd be irresponsible to pay Kenny to go away if you think there's a remote chance he'll go away for free on his own next summer. Of course, Kenny's camp won't announce now he's leaving later -- that'd be absurd. You won't know until next June whether Kenny can consider leaving the last two years of his contract on the table. (The only circumstance I can see leading to that: he gets next-to-no minutes and something poisons the well between Reggie Theus and Kenny, something bad enough to assure Kenny won't get any minutes going forward.)

As that key decision will remain... undecided for another year, the Kings can't buy out Kenny. So long as there's a chance (and there is) Kenny will opt out, it'd be fiscally irresponsible to placate the fan base by getting rid of The Poodle. So we need to push our outlook further -- to next summer. If Kenny doesn't opt out? Then please buy his ass out (if you can't find a trade first). The mere presence of KT reminds us how far we've fallen, and that's just damn depressing.

Comment 11 comments  |  0 recs  | 

Do you like this story?

Comments

Display:

Re: Is a Kenny Thomas Buyout Viable?
Am I correct that a buyout does not give you cap relief, though it can give you luxury tax relief? If that's the case the buying out of K9 (woof!) would be one of mostly an emotional and logistical nature. It would save the Maloof's whatever amount they could negotiate via a buyout but the whole contract would remain on the books for the next three years, right? Since no one really cares if the Maloof's save money we'd basically just be writing K9 (woof!) a check so that he could go away, but the poo from the poodle would still reamin through 2009-10. I think that you have to wear this guy for this year and the next if he does not terminate his contract. He probably becomes tradeable as expiring contract in two years.
SACTOWN ROYALTY - Try our thick creamy shakes!

by section214 on Aug 14, 2007 10:54 AM PDT reply actions  

Re: Is a Kenny Thomas Buyout Viable?
I should have explained in the main post, but here's how buyouts affect the cap:

If you buy him out at 80% of his salary, you still take a cap hit from KT for the next three seasons. But the cap hit would only be 80% of the salary he was owed. To make the math easy, assume it's a $10 million per year player. He's signed for three more years. You buy him out for $24 million. You pay him $24 million (or whatever payment plan he agrees to). But your cap figure for this player is $8 million each year. So it gives you some flexibility.

Another method teams are starting to use to further the cap flexibility following a buyout: A stipulation about a player's salary with a new team being deducted from the buyout figure. So with the above example, say he signs a three-year deal for $3 million per after he gets bought out. You'd only owe him $15 million, and you're now down to 50% of his salary, so the cap hit each year $5 million.

by Tom Ziller on Aug 14, 2007 11:05 AM PDT up reply actions  

Re: Is a Kenny Thomas Buyout Viable?
TZ, thanks for the knowledge. And with that I say that we take K9 (woof!) for a ride in the country (let him ride with his head out the window if he likes), find a nice spot, stop the car, let him out, let go of the leash, and then drive off like a bat out of hell.
SACTOWN ROYALTY - Try our thick creamy shakes!

by section214 on Aug 14, 2007 11:32 AM PDT up reply actions  

Re: Is a Kenny Thomas Buyout Viable?
can the Kings give Thomas his salary for this year and get an early opt out now? If Thomas is possibly willing to opt out at the end of the season why would he not opt out now if the Kings guaranteed him his salary for this year and allowed him to go out and find another job for this season? The Kings should just inform him now that they have no intention of allowing him to play a single minute the entire season. Tell him to stay home and collect his pay check. If he wants to play he can accept his salary now and opt out the remaining two years.

I hate to be mean but fuck Kenny Thomas and if he wants to call me and bitch me out like he did Napier and Lamb I'll tell him to fuck off in person. And then I'll tell him that he looks like chef from South Park.

We are slipping into the NBA abyss.

by jjham15 @ Sactown Royalty on Aug 14, 2007 5:12 PM PDT reply actions  

Re: Is a Kenny Thomas Buyout Viable?
Holy crap. If Kenny wasn't 6'7" and 260 I'd say he might want to watch out for you in a dark alley.

by Mityt on Aug 14, 2007 5:31 PM PDT up reply actions  

Re: Is a Kenny Thomas Buyout Viable?
i had him more as the offspring of lennox lewis and robin quivers. but hey, way to let off the steam
Whether your dominating the playground, the last one to leave the gym, or your big time like Mike Bibby...

by CrownUs93 on Aug 14, 2007 8:18 PM PDT up reply actions  

Re: Is a Kenny Thomas Buyout Viable?
Calm down, homeslice. No need for gratuitous f*cks, at least not in the offseason.

I don't know the specifics of Kenny's contract, but I understand there's typically a window when the player can opt out. I believe Bibby's window was from the day after the Kings' season ended to June 30. (This has been gleaned from media reports.) I suspect it's similar for most players.

by Tom Ziller on Aug 14, 2007 8:18 PM PDT up reply actions  

Re: Is a Kenny Thomas Buyout Viable?
It's anytime after the season until June 30th, in case you want the actual specific. Yes, I read Larry Coon's FAQ that deep once. Don't ask why.
I am the stone that the builder refused I am the visual, the inspiration That made Lady Sing the Blues..I'm the spark that makes your idea bright...

by pookeyguru on Aug 19, 2007 12:09 PM PDT up reply actions  

Re: Is a Kenny Thomas Buyout Viable?
Isay he looks like Chris Rock and Webster combined.

BUYOUT!!! He will become a locker room cancer this year if we don't

trade em all

by kangsfan on Aug 15, 2007 8:09 AM PDT up reply actions  

Re: Is a Kenny Thomas Buyout Viable?
The Miami Herald is trying to get our hopes up again. This time they're spreading the rumor that Riley may take Poodle off our hands with Bibby. It's as if the Sports editor over there has some sort of grudge against us and likes to play with our emotions.

by NYCFan @ Sactown Royalty on Aug 15, 2007 7:17 AM PDT reply actions  

Re: Is a Kenny Thomas Buyout Viable?
The only time Kenny is leaving is via trade or on his own next summer. He will either opt out himself or be bought out. If the Kings don't move him with Bibby to someplace like Miami, which is unlikely, then who knows. My bet is barring a trade with Bibby to Miami, he will be bought next offseason after his early termination out will expire.
I am the stone that the builder refused I am the visual, the inspiration That made Lady Sing the Blues..I'm the spark that makes your idea bright...

by pookeyguru on Aug 19, 2007 12:13 PM PDT reply actions  

Comments For This Post Are Closed


User Tools

Welcome to Sactown Royalty, the best community of Sacramento Kings fans in the universe. That's not my opinion; it's scientific fact.

FanPosts

Community blog posts and discussion.

Recommended FanPosts

H0zca7s150tca95sfjscanfe1ybca7g7ohsca7s2phecadcfkcgcavang23cazdt3fpca3lwbl6ca97c92mcagt08cqca9mblmqcatpyt5lcano3ozbcapa2qy9caf2uy7ocaatxycicazwnb2scahv7ame_small
A Kings Fan's Guide To Yiddish
Demarcus-cousins-cho_small
A Micromoment in Time
Demarcus-cousins-kentucky-university-gestures-after-being-selected-the-sacramento-kings-the-fifth-overall-pick-the-2010-nba-draft-new-york_small
Just rewatched the game on TNT after being there....
Webber_in_tuxedo_small
A Story Within the Enemy Camp
Webber_in_tuxedo_small
Blackout Contest: 15 Houses, One Team

Recent FanPosts

Small
This Week's Asinine Trade Thread, February 12-20
Small
Here's to hoping for the best
S113399682030553_3084_small
Fan from a Far
Small
This will not make Webber apologists happy
Small
TNT Telecast, ESC facts, and ... Peaches
Keon_clark_small
Do We Need a Pass-First PG?
Wallpaper-slamson_small
Sacramento Kings & National TV Audience

+ New FanPost All FanPosts >


Editor

Loofie_small Tom Ziller

Joe_kleine_small section214

Demarcus_thornton_small Aykis16

Associate Editor

Coachie_small rbiegler

Banana2_small Exhibit G