What Happens If Steve Nash Retires?

[True Lakers Fan]

Does his salary still count against the salary cap?

 

[LALakersboy24.7]

No if he retires before next season, his remaining 9 mill won't go against the cap next season.

 

[True Lakers Fan]

No if he retires before next season, his remaining 9 mill won't go against the cap next season.

If the man has any decency in him - he will retire - every time he steps on the court - he gets banged up again

 

[LALakersboy24.7]

If the man has any decency in him - he will retire - every time he steps on the court - he gets banged up again

Yea it fucken sucks that he keeps doing that.

 

[BOTSLAYER]

Short answer, yes. His salary will count against next years cap. The LAL have 2 options. They can either "stretch" the $9m owed to Nash over twice as many years +1 year left on the contract or pay it out exactly how it is structured in the contract.

So with or with out Nash $9m will be on the books next year unless they stretch it over 3 equal payments for 3 years. (1 year left*2+1 more year=3)


Here is a link explaining it:

http://theknicksblog.com/knicks/how-jason-kidds-retiring-affects-the-knicks-salary-cap-situation/

 

[True Lakers Fan]

Short answer, yes. His salary will count against next years cap. The LAL have 2 options. They can either "stretch" the $9m owed to Nash over twice as many years +1 year left on the contract or pay it out exactly how it is structured in the contract.

So with or with out Nash $9m will be on the books next year unless they stretch it over 3 equal payments for 3 years. (1 year left*2+1 more year=3)


Here is a link explaining it:

How Jason Kidd Retiring Affects the Knicks Salary Cap Situation | The Knicks Blog

The way I am understanding that is if Nash were to retire and forego the entire last year of his salary - then it would come off the books, but as the article says - then they can negotiate a buyout

For example if Nash agreed to a buy out of 6.3 million -then the Lakers would waive him and the 6.3 gets divided by three over the next three years. From what I have heard from nash, however I think the Lakers are screwed for that money - Nash intends to stay and collect

 

[trojanfight]

doesn't seem like he intends to retire regardless of his health...rather get paid to sit on bench I guess.

 

[True Lakers Fan]

doesn't seem like he intends to retire regardless of his health...rather get paid to sit on bench I guess.

It looks that way to me, but I don't blame him - the Lakers was willing to give him a three year contract and they both agreed so business is business. Shaq Oneal stayed around to collect 20 million a year for the last two years that he didn't do squat - very few players are going to walk away from guaranteed money

 

[TurnUpTheHeat]

Does his salary still count against the salary cap?

Last week he was quoted as saying the he wanted the 9M, regardless of what anyone thought.
Did you miss it?

 

[Malibu]

If he retired and Im not a fan of "ifs" because I doubt it will but "if" he retires Lakers fans would celebrate.

 

[starbigd]

He's not going to retire. He's already said so. He's going to take a check as long as someone is going to give him one.

Nobody in their right mind is leaving 9 mill on the table.

 

[True Lakers Fan]

Last week he was quoted as saying the he wanted the 9M, regardless of what anyone thought.
Did you miss it?

THE QUESTION MORON - WAS NOT DOES NASH WANT TO DO OR INTEND TO DO?

THE QUESTION WAS WHAT IF NASH DOES RETIRE. I WANTED TO KNOW HOW THE SALARY COUNTS IN THE NEW CBA.

 

[True Lakers Fan]

And for the record, it was stated that Nash decided to come back this year to see how his body holds up and give him enough information to decide what to do next year - indicating that he might not come back. That was after he shot his mouth off about wanting the 9 million

 

[jalopy]

What Happens If Steve Nash Retires?

You will see the entire Buss family doing cartwheel naked outside the Staples Center.

Nash's 2014-15 salary wouldn't count toward the salary cap. Basically, you would add his signing bonus plus the first two years salary of his contract and divide that by 3. You would subtract what was charged against the '12-'13 & '13-'14 salary cap from that total and that would be the cap hit for next year. It wouldn't be much (likely 1/3 his bonus).

 

[jalopy]

Nash isn't going to retire and shouldn't. His contract was a risk and the Lakers lost the gamble. Nash has no reason to negotiate a "buyout".

 

[True Lakers Fan]

You will see the entire Buss family doing cartwheel naked outside the Staples Center.

Nash's 2014-15 salary wouldn't count toward the salary cap. Basically, you would add his signing bonus plus the first two years salary of his contract and divide that by 3. You would subtract what was charged against the '12-'13 & '13-'14 salary cap from that total and that would be the cap hit for next year. It wouldn't be much (likely 1/3 his bonus).

I might join them -

Seriously though - you don't know this because sooner or later it has to become obvious even to Steve Nash that everytime he steps onto the court - something breaks down. There is one additional factor that many of you are forgetting - that as the director of the Canadian basketball teams he is trying to build - he has other options and he could easily be offered a job in coaching. Playing in the NBA is without a question his first passion, but sooner or later father time is undefeated and you have to face reality and at this point you simply don't know as much as you pretend to - You're not Steve Nash and you don't know what's going on in his mind

 

[fordman84]

Nash has always been about the money, no way he walks away from any of it.

 

[trojanfan12]

You will see the entire Buss family doing cartwheel naked outside the Staples Center.

Nash's 2014-15 salary wouldn't count toward the salary cap. Basically, you would add his signing bonus plus the first two years salary of his contract and divide that by 3. You would subtract what was charged against the '12-'13 & '13-'14 salary cap from that total and that would be the cap hit for next year. It wouldn't be much (likely 1/3 his bonus).

Can we just have Jeanie doing the naked cartwheels?

 

[trojanfan12]

Nash isn't going to retire and shouldn't. His contract was a risk and the Lakers lost the gamble. Nash has no reason to negotiate a "buyout".

I agree. You gamble, you lose, you pay. That's how it works. I think Nash wants to try and finish out his career on the court and I have no issue with that. If it becomes apparent that he just isn't going to make it back, then I think he should retire and the Lakers should just pay him the remaining $9 million on his contract and not bother with the stretch provision.

 

[TurnUpTheHeat]

THE QUESTION MORON - WAS NOT DOES NASH WANT TO DO OR INTEND TO DO?

THE QUESTION WAS WHAT IF NASH DOES RETIRE. I WANTED TO KNOW HOW THE SALARY COUNTS IN THE NEW CBA.

How about go fuck yourself?

I think everyone, based on their answers thought you were asking what I thought.

Why not just a ask a general question asking how does the salary cap work if/when a player retires instead of naming Nash?

Better yet, why not do a 1 minute google search?