Logo
The Ticker
1 day ago

Greg Stiemsma’s Contract To Become Fully Guaranteed

The C’s gave their 26-year-old rookie a vote of confidence before Tuesday’s game. By not waiving the seven-footer, Stiemsma’s contract will become fully guaranteed on Friday, allowing the shot blocker to breath a little bit and perhaps unpack some boxes for good in Beantown. Here’s Chris Forsberg of ESPN Boston with some reaction from Stiemsma and [...]

1
2 days ago

5 Questions With Kemba Walker

I had a chance to talk with Bobcats rookie Kemba Walker prior to the Celtics game against Charlotte on Tuesday night.  Here is what the UConn star, who is averaging 12.3 points, 4 rebounds, and 3.6 assists per game had to say. 1. How much communication have you had with Michael Jordan this year? Walker: [...]

1
3 days ago

I Am Awesome!

Yes. This is a “pat myself on the back” post because a) I’m a jackass and b) I predicted something correctly. Back on January 8th, I predicted that the next ten games will tell us everything we need to know about this Celtics’ team. If they struggled, it was time to blow it up. If [...]

1
3 days ago

Pierce Wins Eastern Conference Player Of Week

One day before he’s scheduled to pass Larry Bird for second on the Celtics’ all-time scoring list, Paul Pierce won the Eastern Conference Player of the Week award. Pierce averaged 22 points, 6.3 assists and 5.8 rebounds in four Boston wins, playing point forward in Rajon Rondo’s absence. Pierce is only 9 points behind Bird [...]

1
4 days ago

Garnett’s Wondrous 3-point Rant

Via ESPN Boston’s Chris Forsberg, who knows a great, playful rant when he hears one, here’s Kevin Garnett discussing his not-so-newfound aptitude for three-point shooting after the C’s took down the Grizzlies. “When I walk around the streets, y’all stop acting like y’all shocked that I can shoot 3’s. Everybody in Boston, everybody in the [...]

4
4 days ago

5 Questions With O.J. Mayo

I talked with Memphis guard O.J. Mayo prior to the Celtics-Grizzlies, Super Bowl Sunday game at the Garden.  Here is what the 4th year man out of USC, who is averaging 12.5 points, 3.1 rebounds, and 2 assists per game had to say. 1. You started every game your first two years in the league, [...]

2
Browse Archives by:

Aldridge: Sheed To Retire

This just in from David Aldridge at NBA.com:

The Boston Celtics’ expected rebuilding began Thursday when veteran forward Rasheed Wallace officially decided to retire after 15 NBA seasons, a league source said.

He adds this:

He left more than $12 million on the table by opting to retire.

I’ve been batting around emails with Larry Coon, the salary cap expert who created the online Bible of salary cap information, to try and figure out the exact salary cap implications of Sheed’s retirement. It’s not a simple thing, and we don’t have a complete answer yet. The team may still have to negotiate a buyout of Wallace’s contract, in which case whatever they pay Sheed would be included in this year’s salary cap.

Coon’s entry on retired players includes this line:

Any money paid to a player is included in team salary, even if the player is no longer playing or has retired.

There appears to be some precedent for a player’s contract staying on a team’s books if he retires in the middle of the contract but does not file official retirement papers with the league. If Sheed does file papers, it would appear from my reading of the cap rules and past league precedent that his contract—minus a buyout figure, if there is one—would be wiped off the C’s books completely.

If anyone has any further insight, by all means let me know. I hope to have a more formal answer soon.

In any case, good-bye, Sheed. It was as crazy a year as we all expected.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>