Once he cleared waivers Dallas was committed to paying his contract.
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Originally posted by Play Angry View PostWait so he gets to double dip? If so, damn, that is great.
"If another team signs a player who has cleared waivers, the player's original team is allowed to reduce the amount of money it still owes the player (and lower their team salary) by a commensurate amount. This is called the right of set-off. This is true if the player signs with any professional team -- it does not have to be an NBA team. The amount the original team gets to set off is limited to one-half the difference between the player's new salary and the minimum salary for a one-year veteran (if the player is a rookie, then the rookie minimum is used instead). For example, suppose a fifth-year player is waived with one guaranteed season remaining on his contract for $5 million. If this player signs a $1 million contract with another team for the 2011-12 season, his original team gets to set off $1 million minus $762,195 (the minimum salary for a one-year veteran in 2011-12), divided by two, or $118,902. The team is still responsible for paying $4,881,098 of the original $5 million. Note that between his prior team and new team the player will earn a combined $5,881,098, which was more than he earned prior to being waived."
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So basically he gets to double dip, that isn't that much of a reduction.
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Originally posted by Play Angry View PostGal's deal fell apart due to visa issues- they could not process the paper work until Friday, and Indiana's exemption for a 16th roster spot expires Thursday. Sucks.
Hopefully he lands with someone else very soon."Prediction is very difficult, especially if it is about the future."
--Niels Bohr
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Originally posted by Play Angry View PostGal's deal fell apart due to visa issues- they could not process the paper work until Friday, and Indiana's exemption for a 16th roster spot expires Thursday. Sucks.
Hopefully he lands with someone else very soon.
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It was reported on a euro league website a couple days ago that Gal has rejected a few decent european offers in hopes of latching on again with an nba team before the january 10 guaranteed contract deadline.
He did a decent job with the Pelicans, I think there's a good chance someone grabs him.
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