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Thread: Raps buying out Peja today

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    Raptors Republic Rookie Priest's Avatar
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    Default Raps buying out Peja today

    Thats a shame I would have been down to see him play at least some minutes before this happened ah well
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    Just filed to ESPN.com: Raptors close to buyout of sharpshooter Peja Stojakovic. Buyout scheduled to be completed later today. Link to come
    via: http://twitter.com/#!/STEIN_LINE_HQ

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    Super Moderator MangoKid's Avatar
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    I'm not surprised by this. Evans' contract will run out and won't be traded. The TPE won't be used either.

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    Administrator Apollo's Avatar
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    Yeah, that's how it looks. The TPE was sold on the fans as assets and now will be dropped with little uproar from fans. If the Raptors had only gotten the picks for Bosh in the off-season and not the TPE there would have been a huge uproar. Timing.

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    Super Moderator MangoKid's Avatar
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    I think the TPE would have been used had we performed above expectations are were a somewhat lock for the playoffs.

    This is the right move however. I agree with it.

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    Raptors Republic Starter jeff_hostetler's Avatar
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    What does this do in terms of the salary cap?...not quite sure how it all works...are they still effectively operating as if Peja's full contract still counts toward the cap, or does this put them under the cap?

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    Raptors Republic Starter albertan_10's Avatar
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    What do we gain from buying him out and not trading him? Is it just that Colangelo wants to have financial freedom and doesn't want to take on other contracts in a trade?

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    Raptors Republic Starter tonious35's Avatar
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    Quote Apollo wrote: View Post
    Yeah, that's how it looks. The TPE was sold on the fans as assets and now will be dropped with little uproar from fans. If the Raptors had only gotten the picks for Bosh in the off-season and not the TPE there would have been a huge uproar. Timing.
    TPE can't be used all at once and only portions of it can be used as "filler" in a deal. I also wished we got actual functioning players from the Bosh deal, but not using any large amount of TPE is making the deal look like the Raps got hosed big-time on the deal.

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    I don't the the TPE will necessarily not be used. It just won't be used to do what some people wanted it for, and that was to bring in a half decent veteran who would help the team. I never, ever saw any point in that. It still could be used like Oklahoma used their cap space, and that was to acquire draft picks. That's the only thing I wanted to see done with the TPE.

    As for Peja, I'm not surprised. There are plenty of teams that are going to have cap space this summer, and not a lot of premium free agents.
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    Super Moderator MangoKid's Avatar
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    Quote tonious35 wrote: View Post
    TPE can't be used all at once and only portions of it can be used as "filler" in a deal. I also wished we got actual functioning players from the Bosh deal, but not using any large amount of TPE is making the deal look like the Raps got hosed big-time on the deal.

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    Didn't the Jazz used all of their TPE (from s & t with Chicago for Boozer) in a deal with Minnesota to get Jefferson?

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    Super Moderator MangoKid's Avatar
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    Quote jeff_hostetler wrote: View Post
    What does this do in terms of the salary cap?...not quite sure how it all works...are they still effectively operating as if Peja's full contract still counts toward the cap, or does this put them under the cap?
    He's still showing as on the books, so we're not under the cap. Just means that the rest of his contract has been "bought" out and he's a FA. We have cleared up a space on the roster.

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    Super Moderator MangoKid's Avatar
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    Quote albertan_10 wrote: View Post
    What do we gain from buying him out and not trading him? Is it just that Colangelo wants to have financial freedom and doesn't want to take on other contracts in a trade?
    I think that he just doesn't want to take on any long term contracts. We either could have let him stay in street clothes and on the bench while he slowly collects the remains of his salary or we just pay him out at once, free up a roster spot and allow him to join another team so perhaps he has a chance to play for a contender - that is, if he's healthy.

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    Administrator Apollo's Avatar
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    Quote tonious35 wrote: View Post
    TPE can't be used all at once and only portions of it can be used as "filler" in a deal.
    Do you have a source for this because I'm inclined to believe it's incorrect...

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    I'd say that the TPE does not have to be used all at once. I think there is a bit of flexibility in how they use it. Why people were talking about Peja as a trade chip because of his expiring contract? Given the size of the contract, the Raps would likely be taking a lot of money back and I am not sure we'd get useful pieces in return.

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    Super Moderator MangoKid's Avatar
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    Quote sillydebate wrote: View Post
    I'd say that the TPE does not have to be used all at once. I think there is a bit of flexibility in how they use it. Why people were talking about Peja as a trade chip because of his expiring contract? Given the size of the contract, the Raps would likely be taking a lot of money back and I am not sure we'd get useful pieces in return.
    The TPE doesn't have to be used all at once. The Bayless/Stojakovic for Banks-Andersen-Jack-TPE is a recent example. Colangelo only used a small part of it. I think Colangelo used all of the TPE from the Turkoglu-Barbosa deal for Andersen.

    I would say if there wasn't economic uncertainty looming, Peja's contract would have been dealt to a team looking for cap relief for a disgruntled player with a long(er) term contract.

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    Apparently Peja wants to play for the Lakers, Mavs, or Hornets.
    Ugh please not the Lakers. Cmon Peja don't u remember your Kings days???
    Eh follow my TWITTER!

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    Raptors Republic All-Star RaptorsFan4Life's Avatar
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    Quote Apollo wrote: View Post
    Yeah, that's how it looks. The TPE was sold on the fans as assets and now will be dropped with little uproar from fans. If the Raptors had only gotten the picks for Bosh in the off-season and not the TPE there would have been a huge uproar. Timing.
    Wait what? They are using the TPE to buy out Peja?

    BTW Why the hell are we buying him out? Why not just keep him till the contract is up?

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    Default Ya...but heaven forbid...

    Quote Apollo wrote: View Post
    Yeah, that's how it looks. The TPE was sold on the fans as assets and now will be dropped with little uproar from fans. If the Raptors had only gotten the picks for Bosh in the off-season and not the TPE there would have been a huge uproar. Timing.
    We could of received Beez....but he's a doper !!!!

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    Super Moderator MangoKid's Avatar
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    Quote RaptorsFan4Life wrote: View Post
    Wait what? They are using the TPE to buy out Peja?

    BTW Why the hell are we buying him out? Why not just keep him till the contract is up?
    I don't think Apollo was referring to the fact that they're using the TPE to buy Stojakovic out. I don't think you can do that.
    He's gonna get his money either way, whether he sits on the bench in street clothes for the rest of the year or gets bought out. The move that Colangelo made was classy. He's getting a vet a chance to go to a contender and maybe hop aboard in the hopes of helping a team in getting a ring, or failing that, a long playoff run - tht is, if he's healthy. It also frees up a roster spot so someone can come in and get a chance to impress the brass.

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    Administrator Apollo's Avatar
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    Quote RaptorsFan4Life wrote: View Post
    Wait what? They are using the TPE to buy out Peja?

    BTW Why the hell are we buying him out? Why not just keep him till the contract is up?
    I'm am not suggesting they're using the TPE to buyout Peja. It's not ever possible.

    They save a little money by buying him out now.

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    Super Moderator MangoKid's Avatar
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    Quote d279 wrote: View Post
    We could of received Beez....but he's a doper !!!!
    I think the thought was if the team was in contention, that the TPE would have been used to bring someone in, it was regarded as flexibility. Now the TPE could still be used, however I doubt that. Beasley has done wonderful things since he arrived in Minnesota, but who's to say that he would have performed the same way in Toronto - that's a huge assumption. It's also a lot of pressure because people would be looking at him as the return from the Bosh deal - and as we know early on, Beasley didn't perform well under pressure. In Minnesota, he's pretty much an anonymity and he just focuses on ball. Let's also remember that Minneapolis, while it does have it's vices, don't have nearly as much as Toronto. We would have been on a watch to see when the first time Beasley would have caught smoking dope, or partying too hard.

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