NBA Roundtable

Suns To Renounce Amare

In Free Agency on July 3, 2010 at 5:15 am

Chad Ford reports

Amare Stoudemire’s days in Phoenix are over. Two league sources confirmed that Stoudemire ended his negotiations with the Suns on Thursday, essentially ending his tenure with the Suns.

The decision to end negotiations comes despite the public posturing the past few weeks that indicated that Stoudemire wanted to return to Phoenix. However, sources say that Stoudemire’s desire to leave Phoenix dates back to the tough negotiations he had with Suns owner Robert Sarver in Februrary. Stoudemire’s camp knew that it was highly unlikely that Sarver would offer Stoudemire a five-year deal at max numbers and Stoudemire has been worried that even if he did, he’d gut the rest of the team to pay for it.

When Stoudemire received the Suns “final offer” — a five-year, $95 million deal with partial guarantees on the last two years contingent on Stoudemire playing a minimum of 2,200 minutes his third and fourth seasons, Stoudemire pulled out of negotiations.

“It wasn’t the right deal,” Stoudemire’s agent, Happy Walters, told the Arizona Republic. “There were too many caveats for us to be comfortable with it. Amare appreciated Robert’s and Alvin’s [Gentry] willingness to sit down with him. He’ll be sad to leave his teammates and the city he loves but it’s time to move on.”

The article also states

The only way the Suns can afford to sign both Channing Frye and Warrick under collective bargaining rules is to renounce the team’s rights to Stoudemire. Once renounced, the Suns no longer will have the ability to exceed the salary cap to re-sign Stoudemire. On Friday a source inside the Suns confirmed that the team will renounce his rights.

Bad Decision

A couple of reasons

  • David Lee is the most cost effective and immediate replacement for Amare Stoudemire.
  • The Knicks could sign and trade Lee + the Suns could receive a trade exception worth $6-8 million which would allow them to make a further addition to their roster over the next 12 months.
  • Channing Frye  (five years $30 million) and Hakim Warrick (four years $18 million) are a waste of cap space. The Suns could have had over $11 in cap space but they’ve thrown it away on a pair of below average role players.
  • If you are going to renounce Amare and create that cap space, at least use it intelligently
  • Phoenix now lacks star power in a serious way after losing Marion a couple of seasons and Amare this offseason. Combine that with Nash’s age and you have an ugly mix.

A sign and trade for David Lee is the Suns best option. Lee can replace 90% of what Amare brings to the table for 60% of the cost. Add the trade exception and it’s a home run deal for Phoenix.

Anyway, it’s too late now. This move has already been decided. I just don’t like it.

  1. Well said,this is something the suns franchise should really consider. Steve Nash is not getting any younger, they need to build a good team around him fast.

  2. Update: Suns will make a sign and trade with Amare

    The Suns will use Amar’e Stoudemire’s official departure today to make a pair of sign-and-trade deals with New York and Chicago, netting the Suns a $16.5 million trade exception from the Knicks and using part of that for Hakim Warrick’s acquisition, according to Stoudemire’s agent, Happy Walters.

    Walters said the trade exception the Suns are receiving in return for first signing Stoudemire to his five-year, $99.7 million contract with New York is for $16.5 million, equivalent to Stoudemire’s first-year salary.

    It was expected that New York would receive a second-round pick in such an arrangement, as well as about $800,000 in extra salary cap space this year by being able to start Stoudemire’s contract at a lower first-year salary. By Phoenix signing Stoudemire before trading him, the contract can have 10.5 percent raises to get to the same $99.7 million total as he would have by signing with New York with eight percent raises.

    “We really did care about Robert (Sarver) and Alvin (Gentry) and the team and how we could help any way we could,” Walters said. “It doesn’t give Amar’e any more money. He actually takes a pay cut in the first year of $800,000. It gives them flexibility and hopefully it helps them in the future.”

    The trade exception is now down to $13.5 million after the Warrick acquisition.

    The Suns have also re-gained their MLE. Since they used this exception for Warrick, presumably the Suns have another MLE target.

  3. How do you use the trade exception on free agents? And i was wondering if you could split up your trade exception?

  4. Hey Dino Gunners,

    (1) You would have to make a sign and trade to use the TPE on a free agent.

    (2) You can split the trade exception. Phoenix just did. They had a $16.5 million exception and used that to acquire Warrick ($4 million) … and were left with the remainder.

    Hang on, I think that should be $12 million (leftover Traded Player Exception) rather than the $13.5 million noted in the article.

    Say if Phoenix then trade for a $9 million player, deduct that from the trade exception and the Suns will still have a couple million leftover to trade again (that small amount can be very useful on draft day — this past season, it could have gotten them Daequan Cook + #18 pick).

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