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.
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Re: Is a Kenny Thomas Buyout Viable?
by section214 on Aug 14, 2007 10:54 AM PDT 0 recs
Re: Is a Kenny Thomas Buyout Viable?
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 Ziller on
Aug 14, 2007 11:05 AM PDT
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Re: Is a Kenny Thomas Buyout Viable?
by section214 on
Aug 14, 2007 11:32 AM PDT
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Re: Is a Kenny Thomas Buyout Viable?
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.
by jjham15 on Aug 14, 2007 5:12 PM PDT 0 recs
Re: Is a Kenny Thomas Buyout Viable?
by Mityt on
Aug 14, 2007 5:31 PM PDT
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Re: Is a Kenny Thomas Buyout Viable?
by CrownUs93 on
Aug 14, 2007 8:18 PM PDT
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Re: Is a Kenny Thomas Buyout Viable?
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 Ziller on
Aug 14, 2007 8:18 PM PDT
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Re: Is a Kenny Thomas Buyout Viable?
by pookeyguru on
Aug 19, 2007 12:09 PM PDT
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Re: Is a Kenny Thomas Buyout Viable?
BUYOUT!!! He will become a locker room cancer this year if we don't
by kangsfan on
Aug 15, 2007 8:09 AM PDT
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Re: Is a Kenny Thomas Buyout Viable?
by NYCFan on Aug 15, 2007 7:17 AM PDT 0 recs
Re: Is a Kenny Thomas Buyout Viable?
by pookeyguru on Aug 19, 2007 12:13 PM PDT 0 recs













