Before coming to the Warriors, Yao Ming was injured many times and was reimbursed for the 2009 and 10 seasons, eventually ending up retiring.
According to reports, by the time he retired, the total compensation paid to Yao Ming by the insurance company had reached 11.24 million.
With this insurance, the pressure on NBA teams is much reduced.
Especially when the team has several players with high risks and high annual salaries.
Of course, insurance companies are not stupid, and their charges are also very expensive. The premium for disability insurance is generally 1.5%-5% of the insured player's annual salary. The insurance compensation amount is equal to the number of missed games minus 41 games multiplied by the single game salary.
Multiply by 80%.
Highly paid players are accompanied by high insurance premiums. Generally speaking, insurance companies still make some money.
Although the insurance premium is high, NBA teams are not stingy about it and pay actively.
The Warriors also paid premiums before, but since Deng Fang came, they have almost eliminated this expense.
Because Deng Fang is here, the Warriors don't have to worry about injuries.
I say almost none because the Warriors have been paying premiums, but they are different from other teams. Other teams pay premiums to a few high-paid players in the team, while the Warriors pay premiums to a few players in the team with low annual salaries.
Players pay premiums.
Curry, Clay, Hayward, Tucker, and Barnes, the highest annual salary is only Curry’s 3.96 million!
Five people together are not as much as Yao Ming alone!
Of course, the Warriors have their own reasons for doing this: Who makes our core Curry a rookie? Who makes our team as a whole young?
Although the premium paid by the Warriors was very small, the insurance company was also happy.
Because the Warriors’ premiums are almost in vain!
With Deng Fang here, it is almost impossible for anyone in the Warriors to retire due to injury!
So when Tim changed Curry and Clay on the list to Yao Ming and Yi Jianlian, the insurance company had no objection.
It’s all money earned in vain anyway, it doesn’t matter!
Once he bought the insurance, Deng Fang felt confident.
According to the requirements of the system, neither Yao Ming nor Yi Jianlian can stay with the Warriors in the 2014-15 season. If you want to achieve this requirement, there are only two ways: retire the two or trade them away.
Trading was a simple method, and it wasn't difficult to find the enemy, but Deng Fang was a little reluctant.
After all, Deng Fang brought the two of them here, and it has always been Deng Fang's wish to start and end well.
Deng Fang would not want to trade the two of them if he was not forced to do so.
And if you want the two of you to retire, you have to buy insurance in advance.
If the insurance company refuses to insure, the only option is to trade.
Now that the insurance is purchased, Deng Fang will no longer be afraid.
Whether the two will be traded or retired depends on the situation.
…
After dealing with the contracts of Yao Ming and Yi Jianlian, only Azubuike is left.
Like Yao Ming and Yi Jianlian, Azubuike will not be able to stay with the Warriors after next season.
So if possible, it would be a good choice to trade Azubuike after next season.
Azubuike is a very useful player, but his problem is that he is a bit expensive.
After renewing the contracts of Curry, Yao Ming and Yi Jianlian, and then trading for Iguodala, Bogut and others, the Warriors' total salary is already quite high!
Curry's new contract will take effect next season, and his annual salary will skyrocket to 19 million!
Yao Ming has the highest with 20 million, followed by Iguodala with 12 million, Bogut with 7 million, and Yi Jianlian with 5 million.
These people add up to 63 million!
The annual salary of the remaining players is not high, but there are a lot of them!
The annual salary of these people is very low, but their combined salary is 16.07 million!
Adding in the previous 63 million, the Warriors' total salary has reached 79.07 million!
This number has exceeded the luxury tax line!
On July 10, the NBA officially announced the salary cap standard and luxury tax trigger line for the 2013-14 season, which are US$58.679 million and US$71.748 million respectively.
The salary cap and luxury tax trigger lines will take effect at 12:01 noon Eastern Time on July 10. At that time, the league's player trade protection period will end, and teams can officially sign free agents and operate transactions.
Last season, the team's salary cap was US$58 million, and the luxury tax trigger line was US$70.3 million, both slightly lower than the 2013-14 season.
In addition, the mid-level exception amount for teams that do not pay taxes is set at 5.15 million, while the mid-level exception amount for teams that pay taxes is only 3.18 million. The team's minimum salary is set at 90% of the salary cap, worth approximately $52.8 million.
Next season, the NBA will introduce a new luxury tax system, and the fines for tax-paying teams will be more severe.
In the old version of the collective bargaining agreement, teams that exceeded the luxury tax trigger line paid an additional $1 in luxury tax for every $1 in excess. Now, the luxury tax is also divided into different levels:
Teams that exceed the luxury tax trigger line of US$0-4.99 million will pay an additional US$1.5 in luxury tax for every US$1 exceeding the threshold;
Teams that exceed the luxury tax trigger line by US$5 million to US$9.99 million will pay an additional US$1.75 in luxury tax for every US$1 exceeded;
Teams that exceed the luxury tax trigger line by US$1,000-14.99 million will pay an additional US$2.5 in luxury tax for every US$1 exceeded;
Teams that exceed the luxury tax trigger line by US$15-19.99 million will pay an additional US$3.25 in luxury tax for every US$1 over.
This penalty is not small, and every team that aims to win the championship is under great pressure.
The Warriors are certainly no exception.
Although I have made a lot of money in the past few years, who would complain about having too much money?
Spend less if you can, and Deng Fang is no exception.
In addition to the total salary, the most important thing is that these people add up to 14 people!
Not counting players with non-guaranteed contracts that were previously waived.
A team's roster can have up to 15 players, and now the Warriors have 14!
Azubuike's contract was signed in the summer of 2009, with an annual salary of 9 million, and it expires this summer.
In other words, Azubuike is now a completely free agent.
For Azubuike, staying with the Warriors is of course the best choice, but money is definitely the first consideration.
The Warriors have been very busy recently and have no time to consider Azubuike's contract.
During this period, several teams contacted Azubuike. Seeing that the Warriors ignored him, Azubuike also turned away.
After careful consideration, Deng Fang still gave Azubuike a contract offer: 50 million in four years.
The price of this contract is not low, and it is attractive enough for Azubuike.
Azubuike is one of the heroes of the Warriors' four consecutive championships, and he is also the only player so far to have won four championships with Curry.
Such a player is still worth the price.
Not surprisingly, Azubuike agreed to the contract and signed it readily.
For Deng Fang, signing Azubuike is no problem.
Although the total salary now exceeds the luxury tax line by a lot, whether or not to pay the tax ultimately depends on the lineup at the end of the regular season.
If it doesn’t work anymore, just replace the person during the mid-term transaction!
Use more time if you can.
Anyway, these Warriors players are very cost-effective, so there is no need to worry about selling them!
