One last thing on Powell...
Surely, Nico/Dumont wanted Powell to opt out of his $4M player option, even if they really wanted him back on the team as a glue guy or capable 3rd Center, on a VetMin deal.
The difference for Powell between his $4M PO and a Vet Min deal is only $365,847 for him, but if he opted out and came back for the VetMin, it saves the owners ~$7,240,836. The league reimburses clubs who sign veterans with three or more years of experience to one-year, minimum-salary contracts.
$3,634,153 - 10+years VetMin
$2,296,274 - 'Cap' Charge
$4,000,000 - DP PO
$2,296,274 - VetMin 'Cap' Charge
$1,703,726 - Difference
+ $5,537,110 - Tax (3.25x)
$7,240,836
This, at the very least, gets my wheels turning...
Surely, Nico/Dumont wanted Powell to opt out of his $4M player option, even if they really wanted him back on the team as a glue guy or capable 3rd Center, on a VetMin deal.
The difference for Powell between his $4M PO and a Vet Min deal is only $365,847 for him, but if he opted out and came back for the VetMin, it saves the owners ~$7,240,836. The league reimburses clubs who sign veterans with three or more years of experience to one-year, minimum-salary contracts.
$3,634,153 - 10+years VetMin
$2,296,274 - 'Cap' Charge
$4,000,000 - DP PO
$2,296,274 - VetMin 'Cap' Charge
$1,703,726 - Difference
+ $5,537,110 - Tax (3.25x)
$7,240,836
This, at the very least, gets my wheels turning...
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