Sep 3, 2014, 9:21 AM EDT
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.
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.
Jul 7, 2015, 12:17 AM EDT
Bonner claims a Spurs strength-and-conditioning coach supports the theory
Jul 6, 2015, 11:04 PM EDT
This rookie knows how to finish at the rim.
Jul 6, 2015, 10:04 PM EDT
Cleveland fills its biggest need with its second-best roster-building mechanism
Jul 6, 2015, 9:15 PM EDT
Peter Feigin makes another threat
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Guard will make $2.5 million
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In Utah, he counts as a veteran
Jul 6, 2015, 6:44 PM EDT
This is a solid signing, but the Mavs need more help at the guard spot.
Jul 6, 2015, 6:01 PM EDT
This trade could work for both teams if the Clippers can flip Haywood’s contract again for a big man.
Jul 6, 2015, 5:01 PM EDT
West left $10.6 million on the table to go to a contender.
Jul 6, 2015, 4:36 PM EDT
This signing was never in doubt.
Jul 6, 2015, 4:12 PM EDT
Signing Terry would go over well with the fan base in Dallas
Jul 6, 2015, 3:25 PM EDT
Skilled forward was No. 35 pick in 2010 NBA draft
Jul 6, 2015, 2:40 PM EDT
Can the Spurs keep Patty Mills and Boris Diaw, too? Ginobili must still negotiate a contract
Jul 6, 2015, 2:15 PM EDT
Lakers are surprisingly high at 50/1
Jul 6, 2015, 1:36 PM EDT
Nobody wants Anderson Varejao and his contract
Jul 6, 2015, 12:49 PM EDT
As a result, Clippers suffer
Jul 6, 2015, 12:08 PM EDT
Cavaliers forward, a basketball and nothing else
Jul 6, 2015, 11:30 AM EDT
Michael Malone lands a good lieutenant
Jul 6, 2015, 10:42 AM EDT
Former NBA point guard also loves Cory Joseph signing with Raptors
Jul 6, 2015, 10:03 AM EDT
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- Report: Cavaliers, Clippers discussing Jamal Crawford for Brendan Haywood trade 25
- Reports: David West agrees to veteran minimum deal to play for Spurs 68
- Report: Marc Gasol, Grizzlies reach deal on five-year, $110 million contract 8
- Manu Ginobili tweets he’ll play next season 5
- Who is left: 15 best free agents still on the board 14
- Report: Detroit Pistons sign restricted free agent Reggie Jackson for five-years, $80 million 38
- Report: Lakers near deal to sign Brandon Bass, may trade Nick Young 36