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Years ago

Cotton deal worth 2 million

Look, who cares, but if you want to know I'll 'll get a copy to upload here on Tuesday. Cotton wouldn't mind.

Coach

Anonymous
Years ago

Lol no idea

Years ago

Somewhat related to the above talk of crowds ...

Texas Governor Allows Fans to Attend Outdoor Pro Sporting Events at 25% Capacity

Texas Gov. Greg Abbott announced Thursday that fans will be allowed to attend outdoor professional sporting events in nearly every Texas county at up to 25% capacity starting this Friday.
Leagues will first have to apply and receive approval from the Texas Department of State Health Services and indoor events will still be held without spectators.
Abbott said Friday that the state has set up a number of guidelines for leagues to follow, including a recommendation that spectators and employees keep at least six feet apart from anyone not from their household.
Anonymous
Years ago

"We won't start the season in early October with no crowds. That we won't do. Our number one priority is getting fans in the venues." Read into that what you want.

Years ago
Re: contracts: why would any NBL players contract be payable outside the season's window (promotional etc. etc. included)?

Most local players have their pay spread over an entire year, so there is something always coming in weekly/fortnightly/monthly. Would help those who can't save.
Anonymous
Years ago

Re: contracts: why would any NBL players contract be payable outside the season's window (promotional etc. etc. included)?

Anonymous
Years ago

Kestleman has already said "no crowds, no NBL" That's pretty clear so, so why are are we even talking about a "graduated" crown return?

Years ago

Far out 50%?

Might as well go to the Wollongong Entertainment Centre.

At least there there is an indoor Waterfall for ambience.

Years ago

the above is very hard to achieve I think.

All you need is one, and they don't even have to be the irrespsonsible type just unluckily assymptomatic.

I think for health and safety reasons we would lose around 10-15% of the crowd, not even price reductions would bring them in.

Then we have those with reduced discretionary income, that could be another 10%.

I do hope in Australia we have zero cases though however unlikely.

KET
Years ago

That can be achieved by the end of the year if clusters are well traced.

KET
Years ago

One assumes it ties to virus elimination within Australia/NZ. Hard to see reasonable crowds allowed before active cases get to zero.

Active cases at zero nationally with exception to overseas returning quarantine, plus 4-6 weeks without new cases, again save for overseas returnees quarantine.

Effectively, to be community transmission of the virus eliminated for a period of over 2-3 cycles.

If community transmission still occurs, the risk becomes extremely high

KET
Years ago

As koberulz says, it's possible clubs need to pay contracts now, without this kind of deal in place that could force onerous obligations on clubs who may have limited cash reserves out of this situation.

Entirely possible this saves a couple of clubs a whole world of immediate pain.


Re prices for tickets - NBL has always been a fairly pricey ticket, particularly 36ers. Wonder what capacity there is for reducing prices to try and draw people in?

Years ago
What period does an NBL contract cover?
Not entirely sure what you mean, but some contracts start doling out payments as early as the beginning of May IIRC.
Years ago
Don't assume that because Australia is doing well in working towards eliminating the virus that a lot of money hasn't been sucked out of businesses that provide sponsorship dollars, or members who may have lost their jobs, or owners whose businesses took a hit.


True...COVID19 will have a broad impact down for many years to come.

You can imagine that getting memberships subscriptions or bums on seats will be harder because so many families have lost jobs or suffered reduced incomes. That couple of hundred dollars to go to a game for a family + food/drinks/ etc will be the first to be dropped.

What is the argument to not got into a holding pattern? Watch and then act. Let the other codes take the hits.


That is a valid question. My position is the NBL didn't have that much time to play with to just sit and watch. Teams by now should have been starting to look for players. Budget planning starts now, take Adelaide for example (middle of the pack team so as not to get to the Sydney or Illawarra extremes), the Sixers would know revenue will be reduced and don't have huge reserves to chuck around. So would need some certainty of how much money they have to play with to recruit and not lose too much money.

Like buying a house, you can't go to Market not knowing your buying power.
Anonymous
Years ago

What period does an NBL contract cover?

Anonymous
Years ago

It was certainly commented on at the time the deal was struck. In the end, the big names can and will do what it takes to get what they think they are worth despite certain peoples instances to the contrary.

What is the argument to not got into a holding pattern? Watch and then act. Let the other codes take the hits.

Two maybe three of those names listed will take no hit at all. Indeed, they will likely profit. It seems it gave at least one quite a bit of bargaining power.

Thanks to the spelling police. I LOLed. :)

KET
Years ago

But also, why is there an assumption that damage isn't in place?

Don't assume that because Australia is doing well in working towards eliminating the virus that a lot of money hasn't been sucked out of businesses that provide sponsorship dollars, or members who may have lost their jobs, or owners whose businesses took a hit.

Expected revenue hit + less capital to be thrown around requires less expenditure to be viable.

The stars like Cotton draw good crowds, they persuade memberships and while they may have overseas options they are so helpful to NBL sides financially, that's why they can renegotiate to get their payday still, while other players are inevitably going to take the hit. Someone has to take the hit, it's the players that don't have the leverage.

It is shrewed, it is savvy. Your 5th-10th players are more easily replaceable, when you are trying to make the best decision to maximise revenue while limiting expenditure, that pay cuts go to those players.

When things improve financially, that's when those pay-cut players can get that better average pay day, which the NBL has done a good job at improving over the last 5 years.

Years ago
The big names renogitiate and the rest will be pulleded back under the guise of austerity measures. Was this what the NBLPA had in mind?


You seem to want to blame someone.

Can you accept that at the time of these negotiations the world was in turmoil.

Nothing was certain, only more uncertainty. There was no precedent for this so everyone is going by gut and what is 'logical and reasonable'.

At that time, it would be foreseeable that the league would suffer a significant drop in revenue for the net season (if it happened at all).

May businesses would not be able to survive such a hit, and the NBL and its teams are no different, so the reduction in the teams biggest expense was top of the pile to be reviewed. People were thinking worst case scenarios at the time, a sharing the pain plan was devised.

If it makes you feel better the NBLPA took care of the lower tier players by tiering / lowering their reductions.

The Cottons, Wares, Kays, Cooks and Hodgsons (LOL) took the biggest hits.

Aren't they allowed to respond and find a better deal?

As the NBLPA did not have visibility of what the world was like in 3, 6 - 12 months I think they did a reasonable job negotiating what they did.

To go back in hindsight and poke holes seems rather silly to me.
Anonymous
Years ago

the pay cut probly was to get the older guys to retire

Anonymous
Years ago

Oh yes I can guess why. Is this to be an intelligence test?

The big names renogitiate and the rest will be pulleded back under the guise of austerity measures. Was this what the NBLPA had in mind?

Years ago
So Cotton gets the $deal and someone like Gibbo takes the %cut?


Gibbo was free to opt out of his contract and test the market for himself.

Can you guess why he didn't do that?
Anonymous
Years ago

Gee how many people on here are either Cotton's manager or his bank manger, everyone seems to know what he was paid last year and what he recently signed for.

Anonymous
Years ago

My question is: why is it so comforting?

Anonymous
Years ago

"The comforting thing about this thread is that even knowing absolutely nothing about the specifics of contracts I can still tell most posts are completely wrong" What was your point though. Other than chest thumping you have said nothing that suggests people's guesses are so wrong.

Anonymous
Years ago

So Cotton gets the $deal and someone like Gibbo takes the %cut? Nice on NBLPA.

Years ago

hoops.com.au you've done it again!

Years ago

The comforting thing about this thread is that even knowing absolutely nothing about the specifics of contracts I can still tell most posts are completely wrong.

Anonymous
Years ago

Save this page for the clueless fans.
No point trying to explain the particulars here.

Anonymous
Years ago

American imports are.

Anonymous
Years ago

“Before tax is gross, after tax is net.”

Yes .. and?

Anonymous
Years ago

No. Learn to read.
The way the salary cap works in the NBL is before tax and includes agent fees etc.
So the $750 is very realistic. That’s on the books and what he’ll get, so it’ll be 1.5 on the cap
They hope that paperwork comes thru

Anonymous
Years ago

D2.0 has no idea.
These deals are always done in USD and net.
Add the fact the wildcats will double what he is getting for the books due to the pay cuts, so assume he’ll be getting $750 k AUD, meaning he’ll take up the entire cap if he isn’t Aussie (marquee)
So long story short- wildcats luxury tax alone could prop up the whole league

Years ago

Cotton was on $600k this past season.

Bol
Years ago

They would have had extra room in the cap with kay and white possibly not returning and one less import spot available for next season. Its not that hard to believe no one else needed to take a pay cut. Not to mention the ability to back end contracts i expected the deal to be over 2 million

RMQ
Years ago

Reading between the lines, sounds like Bendat stepped in to pay the luxury tax.

Anonymous
Years ago

Cotton gets a pay rise
No one takes a pay cut
They spending more than Melbourne and Sydney

Anonymous
Years ago

could u see Cam Bairstow as a replacement for Kay

Anonymous
Years ago

ever team needs multi year import ( maybe became a citizen)

Sydney Deshon Taylor
Brisbane Patterson as Marquee
Cairns Scott Machado as Marquee
SEM Roberson
36ers or Hawks DJ Newbill
UNITED Long as marquee . Prather I think is done
Breakers Hopson as Marquee

Anonymous
Years ago

I think the salary cap will jump up to 1.6 mill in 21/22

Anonymous
Years ago

The guy could easily get over 1mill per season in Europe, maybe 1.5.

Larkin is on 2.8 mill

KET
Years ago

Remarkable in the context of the salary cap though.

If you have a club like Cairns paying the salary cap (roughly $1.1mil?) and no further, Cotton would be taking up about 55-60% of that on his own!

Wonder what kind of coin Machado will get?

Cotton’s three-year deal is understood to be worth about $2 million, but no other player has been forced to take a pay cut to fit him back in.


What does that actually mean? That the NBL cuts are in place which have been taken by everyone else signed (except Kay who opted out), but that no further cuts were taken? Or that Perth renegotiated everyone to receive higher $$$ to avoid the sting of the NBLPA pay cut?
Years ago

3 imports down to 2 so you can pay him part of Terriko/Plumlees salary.

Anonymous
Years ago

What are the figures over years 2 and 3? They must be at least 700k a year

Years ago

If he was on 600k previously, as has been reported, that would be 1.8 million over three years and the actual phrasing is "about 2 million" not "2 million", so it's not actually that remarkable.

Anonymous
Years ago

^^ Jack?

Anonymous
Years ago

Very cheap considering is actual worth.

Anonymous
Years ago
Mike Brown and the Cleveland Cavaliers are getting back together.

Brown, who coached the Cavs to the playoffs in all five seasons (2005 to 2010), has agreed to a five-year, $20 million deal, sources told ESPN.com's Brian Windhorst and ESPN The Magazine's Chris Broussard on Tuesday. The Cavs have a team option for the fifth year, which is partially guaranteed for Brown.
Full article on ESPN
 

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