Tyrus Thomas Resigns with Bobcats

[Mustachio]

per:


WojYahooNBA (http://twitter.com/WojYahooNBA)

Tyrus Thomas has reached agreement on 5-year, $40 million contract to stay with Charlotte, league sources say.


in the words of Professor Farnsworth... "Good News Everyone!"

[Black]

awesome, i think that it's a fair deal for both sides

[superb1]

yes, that's what I'm talking about

[DY_nasty]

8 mil a year for tyrus lol

[ND22]

Love it. 8 million is a fair deal. Glad we got this taken care of.

[G-Force]

Thats great he decided to go with the bobcats, if rumor is true... But $40MM over 5 years seem like a big premium. The Nets must have force Bobcats to reaction that way. Regardless, I'm happy to see Thomas back.

[DY_nasty]

Love it. 8 million is a fair deal. Glad we got this taken care of.
He gets paid more than Diaw. While being significantly worse than him through the course of his career. We paid for 'upside' and 'potential'.

He'd better have one hell of a season as a starter...

[jdsingar]

That's great news and a fair price given the other free agent signings. He still has potential, is athletic, and fits the mold of this team. I love it. Most importantly, he wanted to be in Charlotte. That's huge.

[jdsingar]

He gets paid more than Diaw. While being significantly worse than him through the course of his career. We paid for 'upside' and 'potential'.

He'd better have one hell of a season as a starter...

....Have you watched Boris Diaw? Diaw has nothing but downside left.

[DY_nasty]

Front loaded deal... he's getting 12 million in his first year

[DY_nasty]

....Have you watched Boris Diaw? Diaw has nothing but downside left.
okay, lets overpay TWO players. that'll solve things.

[Mustachio]

(http://twitter.com/WojYahooNBA)WojYahooNBA (http://twitter.com/WojYahooNBA)
(http://twitter.com/WojYahooNBA)
Thomas loves playing for Larry Brown in Charlotte and truly wanted to stay with the Bobcats. Great situation for still a developing talent.
(http://twitter.com/WojYahooNBA)

Wojo > DY nasty.

[Ampsportsduo]

Some things never change...http://2.bp.blogspot.com/_963G0l5jLIw/TDeFuKEE_fI/AAAAAAAAAYc/msrVZYo8N60/s1600/HorBobs.jpg

[Fred Williamson]

Front loaded deal... he's getting 12 million in his first year

lol, what??

[ND22]

Some things never change...http://2.bp.blogspot.com/_963G0l5jLIw/TDeFuKEE_fI/AAAAAAAAAYc/msrVZYo8N60/s1600/HorBobs.jpg

I will say it again. IT'S BEEN SIX YEARS! Christ. :facepalm:

We'll win the NBA Championship one day and our trophy will read "Charlotte Hornets: NBA Champions"

[DY_nasty]

Wojo > DY nasty.
I'd love anyone for 12 million dollars in the first year...you expect him to say "noooooooooo i hate moneyz"

[G-Force]

okay, lets overpay TWO players. that'll solve things.


Com'on you don't like Beasley, you don't like TT, You don't like Diaw... Who would you like for the Bobcats to start at the 4? Lexy?

The Bobcats doesn't have a lot to work with, signing TT is the best option right now. The pairing of TT and Diaw could be a great combo. Two diff types of player who could be use in diff situations. I love it!

[DY_nasty]

http://www.nj.com/nets/index.ssf/2010/07/nets_pass_on_tyrus_thomas_who.html

12 million US dollars.

[DY_nasty]

Com'on you don't like Beasley, you don't like TT, You don't like Diaw... Who would you like for the Bobcats to start at the 4? Lexy?

The Bobcats doesn't have a lot to work with, signing TT is the best option right now. The pairing of TT and Diaw could be a great combo. Two diff types of player who could be use in diff situations. I love it!
Lexy? No.

But Tyrus and Beas are both guys who ride on potential alone. We shouldn't hand out money just because 'there aren't any other options'. He's gonna be one of the highest paid players on the team next season. Dude better be worth it...

[CatNation]

glad to see tyrus back. hope he doesnt relax now that hes gettin paid

[ajbry]

It's a bit much - obviously - but I'm happy because it means Diaw's fat ass is on the way out.

[G-Force]

Some things never change...http://2.bp.blogspot.com/_963G0l5jLIw/TDeFuKEE_fI/AAAAAAAAAYc/msrVZYo8N60/s1600/HorBobs.jpg

LMAO... How does an analyst mess that up?! We must be really unknown in the NBA.

[Ampsportsduo]

Anyone seen the salary structure beyond the first year? Have to say, after the first year, 4 for $28 million doesn't seem that bad at first blush.

[DY_nasty]

Anyone seen the salary structure beyond the first year? Have to say, after the first year, 4 for $28 million doesn't seem that bad at first blush.
I agree with that.

That first year though... WOW.

Prokhorov really punked us. Tried to push MJ into the luxury tax instead of trying to outbid him in the normal sense.

[Chef]

Anyone seen the salary structure beyond the first year? Have to say, after the first year, 4 for $28 million doesn't seem that bad at first blush.

he isn't worth 5.5-6 for 4 years at the very most. i hope i am wrong, but we are going to regret this decision. unless we have some plan to get cp3 we have just assembled a front line with two guys who can't score unless it is off of oops.

[Demon DeaCat]

This is your classic high risk/high reward move, but I'm glad we did it. I think we had to. To lose him, Felton, and that 1st for nothing would have been unacceptable. If Tyrus reaches, or even gets near his full potential we're in great shape going forward.

[ammofan]

Thank the lord we got Tyrus back! I was starting to think we may not get him back!

[G-Force for MVP]

boris better leave very soon

[ammofan]

boris better leave very soon

please trade him!

[spectre]

This is most likely the way it works...

I think the contract is 34 million over 5 years. Per DX Calculator (http://www.draftexpress.com/nba-contract-calculator?tsalary=.34000000&years=5) and assuming a conventional deal:

$5,619,835
$6,209,917
$6,800,000
$7,390,083
$7,980,165

17.5% of 34 million is 5.95 (bonus) + 5.62 (TT's original salary) = 11.6 million for the first season. Add 34 million to the 5.95 and you get 39.95, or 40 million in total.

Should be close anyway.

The problem is that now we really have no capspace whatsover. We had almost 5 million...add that to Tyrus' QO of about 6.3 (11.3...less than TT's 11.6) and we look to be roughly a couple 100k over.

[ND22]

This is most likely the way it works...

I think the contract is 34 million over 5 years. Per DX Calculator (http://www.draftexpress.com/nba-contract-calculator?tsalary=.34000000&years=5) and assuming a conventional deal:

$5,619,835
$6,209,917
$6,800,000
$7,390,083
$7,980,165

17.5% of 34 million is 5.95 + 5.62 (TT's original salary) = 11.6 million for the first season. Add 34 million to the 5.95 and you get 39.95, or 40 million in total.

Should be close anyway.

The problem is that now we really have no capspace whatsover. We had almost 5 million...add that to Tyrus' QO of about 6.3 (11.3...less than TT's 11.6) and we look to be roughly a couple 100k over.

Which is another reason why I don't think Tyson Chandler will be here when the season starts. Boris Diaw as well.

[G-Force]

Do you guys see a trade with Nets involving Thomas for Harris?

Honestly I wouldnt mind that at all.

[ND22]

Do you guys see a trade with Nets involving Thomas for Harris?

Honestly I wouldnt mind that at all.

Don't see it happening at all, the Nets backed down once Charlotte matched the offer plus as we all know Larry Brown and Co. love Thomas.

[GoBobs]

Love the signing. 5 yr 40 mil is a very reasonable contract. The first year being high doesn't matter a damn bit it is still 5/40.

Consider the other guys who have signed.

Warrick 4/18 (translates to 5/22.5)
9.6 ppg 4.1 rpg 0.7 apg 0.3 spg 0.2 bpg 20.5 mpg 28 years old

Salmons 5/39
15.4 ppg 3.3 rpg 2.8 apg 1.2 spg 0.3 bpg 34.9 mpg 31 years old

Outlaw 5/37
9.1 ppg 3.6 rpg 1.0 apg 0.5 spg 0.5 bpg 21.5 mpg 26 years old

Tyrus Thomas 5/40
9.4 ppg 6.2 rpg 1.0 apg 1.2 spg 1.6 bpg 22.6 mpg 24 years old

[Plowright]

Glad he is back, i think when we look back at this due to the inflation right now 5/40 may not look too bad u know? Again, the most important thing to me is TT WANTED to be here, he wants to learn hes not just going for $$$ I think we make him feel good by supporting him 100% he will play!

[dvdbumpus]

Love the signing. 5 yr 40 mil is a very reasonable contract. The first year being high doesn't matter a damn bit it is still 5/40.

Consider the other guys who have signed.

Warrick 4/18 (translates to 5/22.5)
9.6 ppg 4.1 rpg 0.7 apg 0.3 spg 0.2 bpg 20.5 mpg 28 years old

Salmons 5/39
15.4 ppg 3.3 rpg 2.8 apg 1.2 spg 0.3 bpg 34.9 mpg 31 years old

Outlaw 5/37
9.1 ppg 3.6 rpg 1.0 apg 0.5 spg 0.5 bpg 21.5 mpg 26 years old

Tyrus Thomas 5/40
9.4 ppg 6.2 rpg 1.0 apg 1.2 spg 1.6 bpg 22.6 mpg 24 years old

Was pretty happy about the contract before, but putting it into this perspective I'm happier with it! I love the fact Thomas wanted to be here, and LB seems to be teaching him a lot about the game, similar to a certain player we have now....known as Crash :D

[Chef]

Love the signing. 5 yr 40 mil is a very reasonable contract. The first year being high doesn't matter a damn bit it is still 5/40.

Consider the other guys who have signed.

Warrick 4/18 (translates to 5/22.5)
9.6 ppg 4.1 rpg 0.7 apg 0.3 spg 0.2 bpg 20.5 mpg 28 years old

Salmons 5/39
15.4 ppg 3.3 rpg 2.8 apg 1.2 spg 0.3 bpg 34.9 mpg 31 years old

Outlaw 5/37
9.1 ppg 3.6 rpg 1.0 apg 0.5 spg 0.5 bpg 21.5 mpg 26 years old

Tyrus Thomas 5/40
9.4 ppg 6.2 rpg 1.0 apg 1.2 spg 1.6 bpg 22.6 mpg 24 years old

ahhh, the "everyone else is doing it" rationale.

[dvdbumpus]

ahhh, the "everyone else is doing it" rationale.

If that's the going rate for a player like that, I think we got the best player right now as well as potential wise.

[Ghost Kat]

I'm so happy they signed Tyrus and I could care less about the 12mil the first year. We are paying for the future success of this franchise. As a Bobcats I honestly can't understand what anyone has to complain about. While in Charlotte he play'd very well for this team off the bench. As a starter he has a much higher ceiling than Diaw. Diaw is gone, You don't pay that much for a backup. Not counting Nazr or Diop of course..........

Boris Diaw...I hate you
I hope your uterus catches on fire

[DY_nasty]

I hope he succeeds, I really do. The first year is hellish, but the rest of the contract isn't that bad. I'd just hate to know that my favorite team severely overpaid for a PF twice in the same decade.

[SCBobcat]

This is most likely the way it works...

I think the contract is 34 million over 5 years. Per DX Calculator (http://www.draftexpress.com/nba-contract-calculator?tsalary=.34000000&years=5) and assuming a conventional deal:

$5,619,835
$6,209,917
$6,800,000
$7,390,083
$7,980,165

17.5% of 34 million is 5.95 (bonus) + 5.62 (TT's original salary) = 11.6 million for the first season. Add 34 million to the 5.95 and you get 39.95, or 40 million in total.

Should be close anyway.

The problem is that now we really have no capspace whatsover. We had almost 5 million...add that to Tyrus' QO of about 6.3 (11.3...less than TT's 11.6) and we look to be roughly a couple 100k over.

Spectre, good work. It looks like your numbers are spot on. However, correct me if I am wrong, but I believe even though the signing bonus is paid up front the cap hit is spread evenly over the life of the contract. Thus, roughly $1.19 million (1/5 of the bonus) is added to each year for the cap hit. That makes this year's hit about $6.85 mm. That would leave us close to $5 mm under the lux tax not counting Dom.

[DY_nasty]

Thats much, much better than the initial report.

Nice job Spectre

[spectre]

Spectre, good work. It looks like your numbers are spot on. However, correct me if I am wrong, but I believe even though the signing bonus is paid up front the cap hit is spread evenly over the life of the contract. Thus, roughly $1.19 million (1/5 of the bonus) is added to each year for the cap hit. That makes this year's hit about $6.85 mm. That would leave us close to $5 mm under the lux tax not counting Dom.

http://members.cox.net/lmcoon/salarycap.htm#Q65


65. How about signing bonuses? Are they allowed? How do they count against the cap?

Teams are allowed to offer the players they sign a bonus worth as much as 20% of the total compensation (17.5% in offer sheets to restricted free agents signed after March 1, 2006). A signing bonus is spread among the guaranteed seasons in the contract (but not to option years or years following an ETO), in proportion to the percentage of salary in each of those seasons that is guaranteed*. This can create a problem if the player is signed using an exception or to the maximum salary.Damn good catch SCB! That's great news!

Of course we'll all catch hell trying to remember our cap for the next 5 years, but at least we aren't totally capped out now!

[TheBeagle]

Some things never change...http://2.bp.blogspot.com/_963G0l5jLIw/TDeFuKEE_fI/AAAAAAAAAYc/msrVZYo8N60/s1600/HorBobs.jpg Beautiful!

I honestly thought it would've cost more to keep him here. As the only feller that seemed to give a damn in Game 4 of our dreadful virginal playoff series, TT won me over huge as I left the arena shoulders slumped that Monday evening. Was nice to see he wanted to be here and nice to see he'll be here. If Larry can channel that intensity, TT has starpower indeed!


Oh, yeah, in case you didn't know, this old dog is back in town and like the sign says in my backyard "BEWARE OF THE BEAGLE" :cool:

On a serious note, glad to be back (not that I expect my absense to have been noticed, of course...)!

[-Ian-]

http://www.nj.com/nets/index.ssf/2010/07/nets_pass_on_tyrus_thomas_who.html


They backed out this morning – presumably – because it took this long to convince Avery Johnson that it would be a foolhardy investment: Face it, this kid had problems with Scott Skiles, he would have had some problems with A.J.

The only reason a kinder, gentler, more nurturing Larry Brown got three good months out of him was by saying, “You’re three months away from the end of your NBA career – Chicago wasn’t going to pick up your option, they traded you here for a backup two-guard, and we’re not going to pick up your option either unless you shape up and grow up.”

It worked. The Bobcats even picked up his option.

And then, to keep the Nets at bay, they made him absurdly rich for a third-rate power forward.

Nice investment there, MJ.

We talked to someone in the Bulls organization and asked how this could have happened, and he replied, “First dates can fool you sometimes. But he’s still one of those guys who you’re glad when he leaves.”

[Ghost Kat]

Sounds like the same things they said about King James. I bet the Bobcats still get more wins then the Nets and Bulls

[Ampsportsduo]

This signing certainly has a potential upside and downside. Tyrus has the ability to be a rich man's (Pistons version) Ben Wallace. If he chooses to dedicate himself to that task, he'll be far more valuable than his contract. If, however, he decides that he wants to be a jump shooter first he could prove to be counter-productive to the team effort. I love what Tyrus brings to a front court that has lacked a freaskish athlete and am optimistic that this signing will work out well even though it seem obvious the team had to pay a premium to keep him.

[SCBobcat]

Does anyone know Tyrus' current measurements? As a teenager when he came in he was like 6'8". To me, now he looks a legit 6'10" and plays taller. He has added weight too.

[polarcat]

http://www.nj.com/nets/index.ssf/2010/07/nets_pass_on_tyrus_thomas_who.html

Sounds like an angry beat writer whose team has struck out in free agency. T2's contract might be a little on the nervous side, but I think in this climate and this summer of free agency, it was expected. The kid has had issues, but truly did look like he wanted to be here and showed enough flashes of talent to make me confident with the re-signing. Is he going to be a 25/10 pf a la Bosh or KG, doubt it. If he can drop 15/10 with a few blocks, and be a defensive force while keeping his head screwed on, and gelling with the team, I'll be happy.

[SWedd523]

Just some food for thought, Tyrus' per36 numbers for the Cats last year:

17p
10r
3b
2s
2a





If he even approaches those numbers as a starter, I'll GLADLY pay him 8mil a year

[GoBobs]

2yrs he will be better then Bosh. His jump shot is like buttery glass, as long as it's a set shot and not off the dribble.

[Chef]

2yrs he will be better then Bosh. His jump shot is like buttery glass, as long as it's a set shot and not off the dribble.

child please.

[amour217]

His jump shot is like buttery glass, as long as it's a set shot and not off the dribble.

Nice...a big, black Jeff Hornacek...

All joking aside, I like Tyrus...if he displays a good work ethic and willingness to learn, I don't doubt he'd be a monster. Now let's get rid of that overstuffed eclair Diaw

[Ampsportsduo]

I'm curious if others can help me figure this out. The Bobcats had the right to match any offer sheet presented, so why did the FO decide to re-ink him before an offer sheet was signed?

Operating under the assumption that TT wouldn't sign for less money, and because we reportedly gave him the max bonus to counter the threat of the "front-loaded" offer sheet. The only possible scenario I can see as justifying the early signing would be NJ offering a comparable deal, but with a decreasing contract. To match would put an additional 2-3 million close to the luxury tax this season. Maybe I'm wrong, but I would think a structure like that would actually be more intriguing given the nature of Thomas and would make him more easily traded if he doesn't continue to develop.

Perhaps there's was a shorter deal with more/year but less total guaranteed, but how much more would our deal have to be worth for it to Tyrus and his agent? I'm glad that Tyrus is staying, but I'm trying to understand why we would pre-empt the Nets offer.

[SWedd523]

I thought I read in one article that the Nets signed him to that $40mil deal and we immediately matched it? I guess I read it wrong. If what you're saying is true, the only thing that I can think led to his long term contract was the deal that fell through with Beasley. Apparently, we were seriously looking to acquire him so it's possible that they held him in higher esteem and didn't want to ink Tyrus if they got him. Once the Beasley deal fell through, they decided to lock Tyrus up.