It’s Time For Bradley Beal To Move On From The Washington Wizards

Bradley Beal COntract Extension Washington Wizards

On June 25, Bradley Beal stated the following about his future with the Washington Wizards:

I have thought about it, but I haven’t really full-out processed it. I still have two years left. We just drafted Rui [Hachimura], and I want to see what we do in free agency before I make the ultimate decision. I haven’t even been offered it officially. Until that happens, I’ll wait and think about it. I’ll have an ample amount of time to process everything and make a decision when the time is right

I’d be naive to say I wouldn’t be [interested in extension talks]. Washington is where I’ve been the last seven years, going on eight. It would be great to play in one place forever. But at the same time, you want to win and make sure you’re in a position to do so. I’m definitely going to evaluate who we hire as the GM and who we pick up on the team. All that plays a factor

Credit: Ben Golliver/Washington Post

The time to think about it has arrived:

The Case For Bradley Beal Signing An Extension

Beal has until October 21 to agree to the extension. With John Wall likely to miss the entire 2019-2020 NBA Season, Beal has the chance to solidify himself as the face of the Wizards’ franchise. The 2018-2019 NBA Season was the year of many firsts for Beal: (i) first triple-double; (ii) first player in franchise history with 2,000 points, 400 rebounds and 400 assists in a season; and (iii) first player in franchise history to average at least 25 points, five rebounds and five assists. Beal also proved to be extremely durable, appearing in all 82 games for a second consecutive season.

The Wizards clearly view Beal as a franchise player. The team has kept him involved in its rebuilding process, made significant changes to its front office, and put an emphasis on acquiring players he wants to play with. Beal has also grown a strong connection with the Washington community, resulting in his receipt of the 2018-2019 NBA Cares Community Assist Award.

Why Bradley Beal Should Wait

Financially speaking, it makes zero sense for Beal to accept the Wizards’ offer. 3 years / $111 Million is certainly nothing to scoff at. However, if Beal plays out the 2018-2019 NBA Season under his current contract, he’s eligible for a four-year / $155 million max extension next year. Beal’s maximum contract value increases to five-years / $254 million in the event he makes All-NBA.

The chances of Bradley Beal making an all All-NBA team are slim, but not impossible if he’s somehow able to drag the Wizards to the playoffs. The Wizards finished the season 9 games behind the Detroit Pistons for the 8th seed in the East. Unless free-agent addition Isaiah Thomas regains his Celtic’s form, or rookie Rui Hachimura puts himself into the Rookie Of The Year conversation, Beal will undoubtedly have to shoulder the load if the Wizards have any hope of making the postseason.

To Sign Or Not To Sign With Washington Wizards

The Wizards offseason was lackluster, and the loss of John Wall for the entirety of the season is a significant blow. The Wizards appear to be in store for another sub-.500 season. Though Bradley Beal has said all the right things in public, behind the scene reports, indicate that Beal may already be on the way out.

There’s a recent history of stars forcing their way out with multiple years left on their contract. Kyrie Irving forced his way to the Celtics and, Paul George asked for a trade one year after signing a four-year extension and telling Oklahoma City Thunder fans he was “here to stay.” In a league stockpiled with superstar duos, the Beal/Wall combination no longer ranks on the list. Beal is a coveted trade option for a number of teams, but the Wizards continue to refuse all inquiries. However, if he rejects the team’s extension, Beal’s days in D.C. may be up.

Follow Alan Wilmot on Twitter and Instagram @alanwilmotlaw

Let’s Face The Facts: NBA Superstars Are Underpaid

NBA Superstars Underpaid with the salary cap

Though the above is a live look of the New Orleans Pelicans ticket staffers learning their team won the 2019 NBA Draft lottery and right to draft Zion Williamson, it’s safe to say the Brooklyn Nets sales team experienced this same joy at the start of NBA Free Agency. The signing of Kevin Durant and Kyrie Irving signifies a coming of age story for the Nets and the end of an era for their crosstown rival. Once heralded as the “Mecca” of basketball, the aura that surrounded Madison Square Garden is gone. New York Knicks’ owner James Dolan was reportedly hesitant to sign Kevin Durant to a maximum deal. But if your team’s president has to release a statement responding to angry fans, that’s clearly not the correct business decision.

NBA Star Market Value

NBA Superstars Drive Revenue

People pay to see stars, and teams know it. Immediately after signing the two-all stars, an all-out race for Nets season tickets ensued. Currently, the cheapest ticket available is $4,000 a seat, which is quite an expense for a team that won a total of 48 games prior to the 2018-2019 NBA Season.

NBA stars do more than put fans in the seats; they serve as an economic catalyst for all other aspects of their team’s city. When Lebron James announced his “Decision” in 2010, not only did he take his talents to South Beach, but also $48 million in annual revenue. When James re-signed with Cleveland in 2014, Professor Leroy Brooks estimated his return added nearly $500 million to the local economy. The Cavaliers suffered another negative swing when Lebron moved west to the Los Angeles Lakers.

NBA teams lack profitability and marketability without a star player. Fans routinely discuss how players aren’t worth a certain contract. When Kobe Bryant became the league’s highest-paid player in 2014, he did so to show players should not feel forced to take less than their worth and stated:

“Athletes are the ones that are in the public eye the most. And so their salaries are constantly talked about, so it’s very easy to look at the athlete and say, ‘You should be doing more and you should be taking less,’ when the reality is that your market value is so much higher than what people understand.

” ‘Yeah, yeah, yeah, but you still should be taking less to win. Why do we have to do that? Because the owners locked us out and imposed a hard cap where we ‘have to’ take less in order for them to generate more revenue. Right? But meanwhile, they go and sign a TV deal that’s a billion dollars up from the last one, but that doesn’t get talked about. Nobody complains about that.”

Credit: CBS Sports

Maximum Value Under The NBA Collective Bargaining Agreement

Credit: Larry Coon / CBA FAQ

Maximum salaries are the product of the 1998-1999 NBA lockout initiated by owners who feared player salaries were getting out of control. After the Minnesota Timberwolves gave 21-year old Kevin Garnett an extension worth six years, $126 million, billionaire owners decided they couldn’t “have the inmates running the prison.”

Now, maximum salaries are dependent on the player’s years of services. In a truly open market, superstar players such as Lebron James, Kevin Durant, Giannis Antetokounmpo, Kawhi Leonard, James Harden, Stephy Curry, Joel Embiid, and Anthony Davis would be worth at least $75 Million. Joel Embiid, Ben Simmons, Klay Thompson, Kyrie Irving, Russell Westbrook, and Nikola Jokic would easily pull in contracts worth $50 million to $60 million per year. Hell, Zion Williamson is on the verge of signing a $100 million shoe deal; it makes no sense that his perceived NBA value is $45 million over four years.

Despite the league’s continued growth, it’s unlikely that the cap will rise to a level that will allow players to receive their true worth. While it may be hard to quantify the value a superstar brings, one method would be to allow teams the ability to sign a player outside of cap space. Instead of retiring jerseys, if owners truly want to show their appreciation, this is the route they should take. Then, the future Lebrons, Durants, and Antetokounmpos would be able to live in the world Kobe hoped to create for his fellow stars.

Follow Alan Wilmot on Twitter and Instagram @alanwilmotlaw

NBA Free Agency Contracts Show How Broken the Current NBA CBA is

NBA Free Agency Kawhi Leonard Kevin Durant Khris Middleton

NBA Free Agency is finally upon us. Everyone, myself included, desperately wanted to know where all the top players would land. Kevin Durant, Kawhi Leonard, Klay Thompson, D’Angelo Russell, and Kemba Walker are getting new massive contracts. And they’re all getting $140+ million. They’ll be able to buy nearly whatever they want and have generational wealth. However, NBA players (much like NFL players) are still getting swindled out of big-time contracts. I get that it’s tough to feel empathy for millionaires. But listen to this. In 2020, the new salary cap is only 109 million dollars, with a 132 million dollar tax line. And the NBA collective bargaining agreement severely limits elite pay. It doesn’t make sense that some of these talents are earning similar contracts as good, not great, players. Take this in. Kawhi Leonard, two-time NBA Finals MVP, will make the same amount as… wait for it…

Khris Middleton. 

Are you kidding me? Most sports fans have to Google Khris Middleton to even know what team he plays for. And that’s the crux of the NBA CBA. Max-contracts and the salary cap deflate contract values of world-class players. Khris Middleton, Tobias Harris, and Jimmy Butler will all make the same as Klay Thompson next season $32.7 million. It’s baffling.

Yes, the CBA is good for the fringe, bench, and solid starter players. But it truly hurts the best of the best. This is America. For goodness sake, we are bred in capitalism here. It’s why Shark Tank is such an incredible show. People want to know that the best can earn the most. Talent and hard work equate to financial success. But, speaking of Shark Tank, owners like Mark Cuban are still, somehow, avoiding paying players what they are worth.

Max Salaries Prevent Superstars Never Receive Their True Value in NBA Free Agency

For comparison, take Mike Trout. If he doesn’t even earn another contract, his career salary is 521 million dollars. Obviously, the best baseball player, possibly of all time, earned that contract. But, it’s much different in the NBA and NFL. Look at Tom Brady (the GOAT quarterback with 6 rings) and LeBron James (Top-Five NBA player of all time). Their career salaries combine for 614 million dollars. Trout is earning 85-percent of what Brady and James combine for. Which is absolutely ridiculous considering the revenue the NFL generates. 

But that’s how it is. It’s why top players in the NBA hold out for contracts and why an NBA lockout is looming. Because players like Khris Middleton, Tobias Harris, Jimmy Butler, Gordon Hayward, Kemba Walker, Kyrie Irving, Klay Thompson, and Kawhi Leonard should not get the same pay. Some of these things are not like the other. Thompson and Leonard set themselves apart season after season with elite play, both offensively and defensively. They’ve come through in the clutch and showed that they are difference makers. Great players drive ticket sales, team merchandise, and ratings. For those reasons, they deserve to get theirs.

With how much money owners make and elite players don’t, it’s certainly a broken system. When the next CBA is up, get ready for an NBA lockout. 

Negotiating the CBA: The Biggest Issues Facing the NFL and NFLPA

CBA: NFL NFLPA Roger Goodell DeMaurice Smith

The above is a far cry from 2017 when NFLPA Executive Director DeMaurice Smith declared the likelihood of a strike or lockout of the 2021 NFL Season “almost a virtual certainty.” What’s changed? At the time, one major issue was the league’s position on national anthem protests, which was eventually settled after the NFLPA filed a grievance in 2018. The NFL’s profitability is also motivation for resolution, with yearly revenue approaching nearly $14 Billion per year.

No major issues have surfaced during the groups’ two formal sessions, with NFL Commissioner Roger Goodell describing the discussions as “direct and open.” But it’s a long way to 2021. Below are some of the biggest issues surrounding extending the current NFL Collective Bargaining Agreement:

Stadium Credits

It’s laughable a group of billionaires believe they are entitled to benefits to finance stadiums. Stadium credits are player-funded allowance, taken from NFL revenue before it is split with the players to alleviate costs associated with construction. Owners used their full amount of credits provided with the 2011 CBA. With the league looking to build new stadiums in Las Vegas and Los Angeles and renovate existing ones in other cities, this topic has developed into a strong negotiation point.

Players receive roughly 47 percent of revenue earned by the league, down from 50 percent due to the last round of negotiations. With stadium credits decreasing the total amount of sharable revenue, the NFLPA must fight to (1) decrease the amount of allocatable stadium credits or (2) increase their revenue share. Otherwise, it will be the players, and not the billionaire owners, left footing the bill.

Marijuana

Credit: The Dan Patrick Show

Last week, the NFL and NFLPA announced the creation of a “Joint Pain Management Committee” to research pain management and alternative therapies. In other words, the NFL is slowly opening the door to players using marijuana as a means to combat injury. On the heels of XFL Commissioner Oliver Luck stating the XFL would “prefer not to test for marijuana,” coupled with the legalization of marijuana in California, Nevada, Colorado, and other states, it only makes sense for the league to modify its stance.

Two-time Super Bowl champion Chris Long recently admitted to using marijuana throughout his playing career. The NFL tests for the drug once per year, usually within the first two weeks of training camp. Once passed, players are free to smoke at will. At this point, the NFL’s policy is merely for show, and the next iteration of the CBA should remove punishments for use.

Guaranteed Contracts

Kirk Cousins is the first quarterback in NFL history to sign a fully guaranteed multi-year deal. Notwithstanding, players still struggle to obtain their worth. This is the reason why players such as Russell Okung and Todd Gurley believe a strike is necessary.

Owners of one of the world’s most violent sports should not be able to escape paying fully guaranteed contracts. Why this issue isn’t presently being discussed brings into question the seriousness of the current state of negotiations. NFL careers can end at a moment’s notice. If a structure for greater guarantees is not obtained now, the NFL will continue to kick this bucket down the road.

Follow Alan Wilmot on Twitter and Instagram @alanwilmotlaw

Mike Trout Contract Proves NBA, NFL Owners are Getting Over on Players

Mike Trout contract LeBron james NBA NFL highest paid

Mike Trout’s 12-year $430 million deal with the Los Angeles Angeles proves NFL and NBA owners have been getting over on their players with the salary cap and max contracts, unlike the MLB. The games’ greatest players like LeBron James and Tom Brady are rarely the highest paid.

LeBron is one of the greatest players in NBA history. He is a 14-time all NBA selection, four-time MVP, and three-time Finals MVP. He has only been the highest paid player once. LeBron has only been amongst the top five highest-paid four times. How much would teams had been willing to pay LeBron had there been no wage scale in the NBA? Maybe $50-60 million per season?

Tom Brady is considered by most to be the greatest NFL quarterback of all time. He is a six-time champion, four-time Super Bowl MVP, and he holds numerous passing records. But, is he ever the NFL highest paid player? No.

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Money Left on the Table For NBA, NFL Highest Paid

LeBron, Brady and other greats are well paid, but don’t get to collect their fair market value because of wage restrictions. MLB players have a truly open market, and players are paid what the market will bear. LeBron and Brady combined have been paid or are owed a total of $614 million in on-field salary. Mike Trout himself will now be at at least $521 million.

The owners created the salary cap, and max salaries to control costs. The leagues are kicking down 100s of millions per year to each franchise. There is no shortage of dollars, but fans believe there is. Teams regularly ask players to take a discount to help build a championship roster. Fans should hold owners responsible for getting the finances right instead of the players. Let the billionaires figure it out. 16 years ago, Arte Moreno bought *the entire Angels franchise* for $182.5 million. They are now worth $1.8 billion. 

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