Smarter News Now
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting
No Result
View All Result
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
  • Top News
  • Economy News
  • Forex News
  • Investing News
  • Stock News
  • Politics News
  • Editor’s Pick
No Result
View All Result
Smarter News Now
No Result
View All Result
Home Investing News

Free agency violations

by
August 2, 2022
in Investing News
0
Free agency violations
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter

There was a time when the start of free agency in the National Basketball Association coincided with significant announcements on the status of marquee players. Social media would be abuzz with signings left and right as soon as the minute hand reached 12 on the clock. It was supposed to be the moment team officials could begin reaching out to talents they wished to keep or add to their stable. Instead, it became the signal for deals to be announced, in direct contravention of existing policy on the matter. Rules were being followed in the breach, and no one batted an eyelash because, well, everyone crossed the line. Not doing so was tantamount to accepting a significant handicap; truancy meant just keeping up.

In 2019, the front office had enough. In yet another instance of the league highlighting the importance of regulations, it announced that it would be cracking down on free agency violations. Not long after, its probes led to penalties being imposed on such notables as the Bucks and Heat. Fast forward to 2022, and investigations are again under way.

For the Sixers, on tap are agreements they forged with veterans P.J. Tucker and Danuel House that could not have been possible without resident All-Star James Harden taking a pay cut. Which was all well and good, except that the latter hadn’t done so yet at the time his former Rockets teammates were welcomed into the fold. Meanwhile, the Knicks find themselves needing to explain the manner in which they were able to secure the services of erstwhile Maverick Jalen Brunson, who just so happened to be a former client of president Leon Rose, and who just so happened to be the son of newly minted assistant coach Rick Brunson.

There is, to be sure, something to be said about the NBA being selective in its exercise of control. After all, other examples of infringements abound. Take the Nuggets, who announced that they inked bench fodder DeAndre Jordan to a contract in no time at all. Not that de facto flouting of the law excuses the action; the fact that everybody’s guilty does not exonerate those who were caught. Needless to say, the intent of the league is to send a message.

In this regard, commissioner Adam Silver’s intent is not to be punitive; his aim is to curb the practice through prevention, and making examples of a handful should be enough for the purpose. It’s why the penalties look good on paper, but are meted with caution. That said, the efficacy of docking offending parties with second-round draft picks as opposed to going full tilt with $10-million fines and suspensions of executives remains to be seen.

Interestingly, affected protagonists don’t seem to be crying foul — at least not publicly. Mavericks owner Mark Cuban, for instance, characterized Brunson’s change of address as “perfect. I saw nothing wrong at all. That’s just the business. That’s just the way it works.” The NBA is contending that it shouldn’t be, and time will tell if it will win the argument in the end.

Anthony L. Cuaycong has been writing Courtside since BusinessWorld introduced a Sports section in 1994. He is a consultant on strategic planning, operations and Human Resources management, corporate communications, and business development.

ShareTweetPin

Related Posts

Stocks decline on profit taking, recession fears
Investing News

Stocks decline on profit taking, recession fears

August 23, 2022
Peso climbs vs dollar as RTB offer starts
Investing News

Peso climbs vs dollar as RTB offer starts

August 23, 2022
PNR cancels bids for 3 projects after finding them ‘non-feasible’
Investing News

PNR cancels bids for 3 projects after finding them ‘non-feasible’

August 23, 2022
Senate grills Rodriguez on approval procedures for sugar import order
Investing News

Senate grills Rodriguez on approval procedures for sugar import order

August 23, 2022
Trade dep’t expecting sugar price monitoring report by Friday
Investing News

Trade dep’t expecting sugar price monitoring report by Friday

August 23, 2022
Fisherfolk seek halt to reclamation on municipal fisheries
Investing News

Fisherfolk seek halt to reclamation on municipal fisheries

August 23, 2022
Next Post
PGA Tour announces record prize money for upcoming season

PGA Tour announces record prize money for upcoming season

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Email Address *
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
 

Recommended

Coca-Cola teams up with Grab to boost growth, digitalization in Southeast Asia 

Coca-Cola teams up with Grab to boost growth, digitalization in Southeast Asia 

August 18, 2022
Peso rebounds vs dollar on positive sentiment

Peso rebounds vs dollar on positive sentiment

June 14, 2022
Para-athletes to receive cash incentives after APG milestone — PSC

Para-athletes to receive cash incentives after APG milestone — PSC

August 11, 2022
Employers should help ease the rising cost of living, say employees

Employers should help ease the rising cost of living, say employees

July 13, 2022
Continuing on the path to growth via PPPs

Continuing on the path to growth via PPPs

July 26, 2022
Red Bull Dance Your Style is now in the Philippines

Red Bull Dance Your Style is now in the Philippines

June 9, 2022
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • Email Whitelisting

Copyright © 2022 SmarterNewsNow.
All Rights Reserved.

Disclaimer: SmarterNewsNow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

No Result
View All Result
  • About Us
  • Contact Us
  • Email Whitelisting
  • Home
  • Privacy Policy
  • Terms & Conditions
  • Thank You

Copyright © 2020 SmarterNewsNow. All Rights Reserved.