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Some NBA players set up contracts so they get paid during lockout

Jul 22, 2011, 9:51 AM EDT

Al-Farouq Aminu Los Angeles Clippers v Charlotte Bobcats Getty Images

Al-Farouq Aminu is still getting checks from the Los Angeles Clippers.

Anticipating a potentially nasty lockout that dragged on, a few guys set up special contracts in recent years that stretched out their payments from last season into this year, according to the USA Today (via CBSSports Eye on Basketball):

Aminu, a rookie last season, is one of four clients of agent Raymond Brothers who spread their 2010-11 NBA salaries over 18 or 24 months to continue receiving paychecks if the league-imposed lockout forces the cancellation of games.

Memphis Grizzlies forward Zach Randolph, Dallas Mavericks forward Caron Butler and Detroit Pistons guard Ben Gordon, all Brothers clients, have similar setups.

Smart. Everyone and their brother knew this lockout was coming for a couple years now, the only question was how long it would last. Brothers was smart and spread out the payments so the checks keep rolling in and his players wouldn’t feel the pinch during a lockout (this is money paid for services already provided last season).

Other agents as well as the union itself has been preaching for a couple years now to players to save up some money for this lockout.

There are some owners who think the players union will cave once players start missing a few paychecks (their first one wouldn’t be until Nov. 15, then most players are paid bi-weekly through the regular season). The longer the players can hold out, the more the owners have reason to compromise as they are not getting in any revenue from games and they still have expenses.

But bot sides are dug in from a long battle. And a few NBA players still have checks coming in.

  1. rorybreaker1 - Jul 22, 2011 at 10:00 AM

    Actually, Brothers is a fool. Instead of advising his clients to manage their money and put a portion of each paycheck into an interest bearing account, he instead let the teams hold on to his clients money for nothing. That’s an assumption, maybe he built in forecasted gains into the overall term of the deal, who knows, but if he did what the article implies, all the other agents are laughing at this, there is a reason they didn’t do it.

    • goforthanddie - Jul 22, 2011 at 1:35 PM

      Maybe Brothers was smart enough to realize a lot of folks just aren’t very good at handling money. Maybe they realized giving their clients access to money via such an account wasn’t a good idea. Maybe making the players live payday-to-payday isn’t such a bad idea (yeah, I know each payday beats mine by a mile, just sayin’).

  2. emerson12345 - Jul 22, 2011 at 10:23 AM

    “But bot sides are dug in from a long battle”

    Come on man….

    can you just post the quotes from the other web sites you steal info from ….I mean the opinions you have on most of these points are about as bias/ignorant as Steven A Smith’s…and your writing is that of a seventh grader.

    • goforthanddie - Jul 22, 2011 at 3:48 PM

      I wonder if Smith understands how disliked he is. I mean, I barely know one talking head from another, but that tool gets an immediate mute/channel change.

    • ch4wordpress - Jul 22, 2011 at 5:51 PM

      @Emerson: we have to start talking about more important matters. The reality is the NBA is at a crossroads. Miami proved last year that top teams in the NBA if they get top young or mature talent can make a killing with the global media. All big teams want it and the players know it and will not accept a deal where big teams make big money and players take a ceiling so teams like the clippers who have only 3 successful seasons in 27 years and the hornets who should be dissolved can get players of some quality so they dont look totally bummy.

      Why can’t we change the NBA’s structure, lets stop talking about players playing overseas like there is another league like the NBA out there.
      http://www.associatedcontent.com/article/8252631/sports_2011.html?fb_comment_id=fbc_10150241904474064_17766971_10150242656634064

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