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Deadline passes for Lakers to use stretch provision on Steve Nash

Sep 3, 2014, 9:21 AM EDT

Utah Jazz v Los Angeles Lakers Getty Images

In a very honest part of a Grantland documentary that ran during the second half of last season, Steve Nash finds out about how the Lakers could use the stretch provision that’s offered as part of the collective bargaining agreement to waive him this summer, and pay out the remainder of his $9.7 million deal over the next three seasons for salary cap purposes.

Nash seems a bit shaken by the news, and admits he’ll take some chances where his recovery is concerned in order to expedite his return to the court.

But with the Lakers being unable to add much in the way of key pieces in free agency, the team is not expected to contend for much of anything in the upcoming season. For that reason, it’s better to take the cap hit for the final year of Nash’s deal all at once, and now that the deadline has officially passed, Nash will remain on the roster for next season.

From Eric Pincus of the Los Angeles Times:

Had the Lakers waived Nash prior to September, they would have been able to stretch his salary over the next three years at around $3.2 million annually. …

The team considered increasing its spending power by stretching Nash’s salary, but when its top free-agent targets (LeBron James, Carmelo Anthony and Chris Bosh) signed elsewhere, the Lakers chose instead to protect their cap space over the next two summers — sticking with the NBA’s oldest player for a final season.

This was a move that had been expected for a while, but became even more likely once L.A. was unable to entice any of the top free agents to sign on this summer.

Nash was only healthy enough to appear in 15 games for the Lakers last season, averaging 6.8 points and 5.7 assists in 20.9 minutes per contest.

  1. goldmember21 - Sep 3, 2014 at 9:51 AM

    Who is Steve Nash?

  2. m1st3rjaxsp8z - Sep 3, 2014 at 10:06 AM

    He is a soccer player

  3. misremembered72 - Sep 3, 2014 at 11:12 AM

    I hope Steve gets in a full season or close to it, and I hope he shows flashes of what made him one of the best at controlling the pace of the game.

  4. ProBasketballPundit - Sep 3, 2014 at 2:10 PM

    How about a Grantland documentary detailing the fruitless comeback attempt by a middle aged Nash we get a 30 For 30 about the 7-Seconds-Or-Less Phoenix Suns. I watched probably 400 Suns games between 2004 and 2010. That was my first league pass favorite team.

    There’s a book about them but it stinks. I want to relive that dominant team that probably won’t be remembered because they never made it to the Finals.

  5. 00maltliquor - Sep 3, 2014 at 2:56 PM

    I’m down with this. So as long as Scott doesn’t stubbornly start him and take away from Lin. But it’s good to eat up the contract now in one sitting then to eat some, put it back in the fridge, and reheating it to eat for two more years.

    On a basketball fan level I hope Steve can play well enough to go out the game with his head held high and proud, and can be healthy to finish off the season and goes for 20 & 20 the very last game!

    • imakcds - Sep 4, 2014 at 10:25 AM

      whatever Nash can contribute, whether on the floor or off, I’m happy to have one of the greatest pg’s ever as a Laker. Nash is a quality human being.
      but, 00maltliquor: do I detect some displeasure in Byron??

      • 00maltliquor - Sep 4, 2014 at 11:57 AM

        Nash is a quality human being indeed.

        As far as Bryon goes, no, not at all! I’m very happy he’s our coach. All I was saying that I hope he doesn’t stubbornly start Nash and take away from Lin. Almost every team has that one or two guys that gets waaay more burn then he should in front of others that should be getting the minutes or start a funky lineup that you wish you could fix. Hope it’s not us.

  6. nativetexan2012 - Sep 3, 2014 at 4:58 PM

    Hoping he can go out in a blaze of glory. No reason he shouldn’t if he can keep the nerve issue under control. Anyone who saw him play on Christmas Day in 2013 or on his 40th birthday in 2014 knows he is still one of those players you just love to watch. One of the greatest PG’s ever.

  7. mackcarrington - Sep 3, 2014 at 11:08 PM

    I know this pains the Laker financially, but they have to go the whole nine yards to show potential free agents that they are loyal to their players.

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