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Golferdow01

East-Coast Living
So I'm listening to Mike & Mike this morning and I hear about Shaq's new 5 year, $100 mil contract and they start commenting on what he said upon receiving it.

This contract allows me to address all of my family's long-term financial goals
Like them I pretty much lost it after hearing this. What in the world could his previous $150 mil or more not cover with respect to his family's goals? Buy a country? An island? They made the comparison to Sprewell saying "I got a family to feed" when he received his $14+ mil contract which outraged me when he said that. I love Shaq though and I'm thinking he's just having a little fun

Article

MIAMI (AP) - Shaquille O'Neal likely left millions on the bargaining table. What he wants more than money is another championship.

O'Neal signed a $100-million US, five-year contract with the Miami Heat on Tuesday, a deal that gives the 12-time all-star centre added financial security while allowing his team salary flexibility to pursue other players.

He'll make $20 million in each of the next five seasons in an agreement believed to include incentives. He was to have earned $30.6 million this coming season, but opted out of that deal for a longer-term pact with less money annually.

"Shaquille can name his price," said his agent, Perry Rogers. "And the price he named was winning."

Rogers said O'Neal remains the player with the highest average annual salary in the league.


The deal was signed shortly after the league's moratorium on player signings expired Tuesday. Signings were supposed to begin nearly two weeks ago, but minor complications in putting the new six-year collective bargaining agreement into writing forced two delays.

O'Neal never looked to go elsewhere. He didn't even speak with other clubs.

"I'm very excited about my new agreement with the Heat," O'Neal said in a statement released by the team. "This contract allows me to address all of my family's long-term financial goals while allowing the Heat the ability to acquire those players that we need to win a championship."

O'Neal was vacationing Tuesday in Rome. Team doctors will fly there and administer a physical Wednesday. Heat president Pat Riley said signing O'Neal was the team's top off-season priority.

"For over a year, the Heat's relationship with Shaquille has been a win-win situation on and off the court," Riley said. "We have been able to secure one of the most dominant men to ever play the game of basketball. ... At the same time, we have gained flexibility to achieve our ultimate goal of winning an NBA championship."

The Heat do not want to be a luxury-tax team, and paying O'Neal $20 million annually - a figure some could consider a bargain - should not put Miami over the tax threshold. It also seems to ensure that Miami could use its mid-level exception annually to sign players; this year's mid-level is $5 million.

"You get paid the most, but you do it in a way that's not detrimental to what the team wants to accomplish," Rogers said.

The seven-foot-one, 327-pound O'Neal made an immediate impact during his first season with Miami, which acquired him in July 2004 from the Los Angeles Lakers for three players and a draft choice.

He averaged 22.9 points and 10.4 rebounds in the regular season, leading the league with a 60.1 field goal percentage. O'Neal ranked sixth in the league in blocks (2.34 a game), double-doubles (43) and rebounds.

"I guess that's five more years of wide-open shots for me," said forward Udonis Haslem, who signed his five-year, $30.7-million deal to stay in Miami on Tuesday. "I'm looking forward to that, definitely. Obviously Shaq has been a tremendous benefit to the whole team. ... I'm going to ride him until his wheels fall off."

O'Neal had previously led the Lakers to three consecutive NBA titles from 2000-2002. Even while hampered by a bruised thigh throughout the playoffs, he helped the Heat reach the Eastern Conference final.

"This is one of those deals where everybody can be really proud," Rogers said. "In a day and age when it's only about the team using a player for the amount of time they'll think he'll be totally at his best, or a day in age when players want to get paid all they can right now, this was every party understanding the other's needs."

Agreeing to terms with O'Neal was the first in a flurry of moves by the Heat.

Late Tuesday night, Miami traded swingman Eddie Jones to the Memphis Grizzlies for point guard Jason Williams, small forward James Posey and forward Andre Emmett. Part of that deal - a five-team megatrade that included 13 players, the largest deal in NBA history - also brought forward Antoine Walker, a three-time all-star who averaged 19.1 points and nine rebounds last season for the Atlanta Hawks and Boston Celtics, to Miami.

The Heat are also awaiting decisions from backup centre Alonzo Mourning, who's considering retirement, and free agent point guard Damon Jones - whom Miami wants back.

But the O'Neal deal was the biggest part of Miami's off-season puzzle.

"It's an obscene amount of money, but he's worth it," Rogers said. "This team is going to do some exciting things. And there's no sense in going out and making $25 million if you're not winning championships."
With the new aquisitions of Antoine Walker, Jason Williams, James Posey, and Andre Emmett to add to Wade, Shaq, and Haslem, look out for the Heat to make a run for the title next year!
 
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GolferDow, I agree with you. As Greenie said later this morning, "Short of purchasing a small island principality, what is it that you can not afford for your descendants with the money you've accumulated so far?" (Not the exact words, but I think I got the gist of the remark).

However, another NBA "expert" came on to say that, by Shaq renegotiating, this new deal actually allowed the Heat to do more things financially to benefit the team. I was left with the impression that Shaq's new contract was initiated to help the Heat put a better cast of players around him.

As far as the quote:

"This contract allows me to address all of my family's long-term financial goals."

Let's think about TO and his verbal sparring with the Eagles. As Greenie pointed, we as a public tend to like Shaq more, realize that he can be playful and will tolerate quotes such as that from him. TO, on the other hand, comes off as greedy.

To all of us working stiffs, $1 is still $1. I am still pretty frugal, trying to live beneath my means. Some big name entertainer (and all professional athletes are entertainers) starts talking millions and my eyes glaze over.
 
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Golferdow01: "With the new aquisitions of Antoine Walker, Jason Williams, James Posey, and Andre Emmett to add to Wade, Shaq, and Haslem, look out for the Heat to make a run for the title next year!"

The Heat won't make a run next year. Shaq will break down at the end of the season again, and the new acquisitions are a hodge-podge of misfits & rejects.

Coming from a die-hard Celtics fan, Walker is too erratic to be on a winning team. He is horrible at finishing in the low block, he still has poor shot selection, and he is a bad rebounder. Coming out of college, he had all the skills to be a Top 5 player in the NBA, but he never put it all together.

And "White Chocolate" has only had one good season to date: '04 with Hubie Brown as coach. Other than that, he turns over the ball way too much, and his shot selection is poor as well. He's not a good point guard.

Granted, the Heat upgraded from what they had last year, but it still aint enough to win a Title. If Shaq misses any playoff games whatsoever (which he will), they have nothing defensively.
 
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Negative feedback about comments like Shaq's always amuses me. What the heck is wrong with the guy having lofty financial goals? At least he seems to plan. Better by far than the poor schmucks who make large $$$ and then blow it all by the time retirement age hits them.
 
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Five questions about The Big 5,000

nba_g_shaq2_576.jpg
Nathaniel S. Butler/Getty Images
A career 52.5 percent free-throw shooter, Shaq is up to a less gruesome 58.7 percent this season.

Clang! Doink! Boing! Rat-a-tat-tat!
It's been an amazing career for Shaquille O'Neal in most respects, but hanging over it is the specter of his greatest weakness -- free-throw shooting. The Big Brick has made only 52.5 percent of his career attempts, the second-worst percentage among those who have attempted 5,000 free throws or more, and rivaling Wilt Chamberlain (51.1 percent) for the cellar. Oddly, he has become worse with age, missing more than half his shots for five straight seasons before squeaking by at 51.3 percent a season ago.
Shaq's tragic flaw will loom a little larger in the coming days, because he's closing in on an amazing milestone. With eight more misses, he'll become just the second player in history to miss 5,000 free throws; at his 2008-09 rate of 2.7 misses per game he'll hit the mark in his next three games -- perhaps even on Christmas Day against San Antonio and coach Gregg Popovich, who has a penchant for the Hack-a-Shaq strategy. Only Wilt Chamberlain has bricked more, and he played in the turbo-charged '60s when the pace was much, much faster than it is today (see chart).
Mind you, this only includes regular-season games. In the playoffs, Shaq has bricked another 1,131 free throws, more than doubling every other player in history except Chamberlain. Despite his claim that he makes them when they count, he's actually significantly worse in the postseason (50.1 percent) than the regular season (58.1 percent) -- the low point came when he helped Miami to its only title despite shooting 37.4 percent during the playoffs.
To put 5,000 missed foul shots in perspective, consider that it's nearly 50 percent more than any other player in history save for Chamberlain. The next player on the list, Karl Malone, went to the line more often than any other player in history but is 1,591 misses behind Shaq; to miss 5,000, he would have had to shoot 62.1 percent instead of his 74.2 percent career mark.
Or consider that Shaq has missed more free throws than Hall of Fame center Bob Lanier attempted, and also is closing in on inductees Bob McAdoo, Nate Thurmond, Bill Russell and Robert Parish. With reasonable health, he'll catch all of them by the time his contract expires at the end of next season.
So in tribute to Shaq's 5K milestone, and with a big assist from the ESPN Research team, let's tackle our own big 5 -- the five biggest questions on Shaq's free throws:

1. Anyone else who might miss 5,000?
To hit 5,000 requires a confluence of two skills at historic levels -- the ability to get to the line, and the inability to convert once there. A player needs to miss more than 300 free throws a season to get there within the time frame of a reasonably long NBA career; that, in turn, requires him to get to the line at least eight times a game, since even the worst foul shooters in history make about half their attempts.
Eight attempts per game is an amazingly high standard -- only nine players average that many this season, and they would have to keep it up for another 15 years or so before they would have enough attempts to rival Shaq.
Nonetheless, at least two players have enough going their way in terms of attempts, misses and youth that they could plausibly catch Shaq in free-throw misses.
The first is an obvious one: Dwight Howard. The imposing Orlando center has already misfired 1,142 times, and at just 23 he has plenty of time left to get the remainder. He's making up ground fast, too, by missing 5.0 free throws per game this year.
At that rate, he'll shatter Shaq's mark, not to mention Chamberlain's. Howard would hit the 5,000 plateau by the time he was 32, and presumably have several years of wayward shooting left to pursue greater heights.
Of course, the key phrase is "at that rate." Howard needs to continue both drawing foul shots and missing them at a prodigious rate in order to move up the charts. It's possible, especially considering that his free-throw-attempt rate has gone up every year while his marksmanship has stayed in the high 50s, but if Howard pulls a Malone and gets better from the stripe with age, he'll fall well short.
Howard's example makes it seem easy, but to show how hard it would be to get to 5,000 misses for most players, consider LeBron James. He gets to the line more than almost anybody else, averaging more than 10 foul shots a game last season, and is one of the game's least accurate stars at 73.3 percent for his career; additionally, he started playing at 18 and has time on his side in a major way in terms of pursuing career records.
Even so, at his rate of the past two seasons, James wouldn't clear the 5,000-miss mark until he was 42 years old. And if his early-season improvement to 79.6 percent from the line this year holds up, you can kiss even those slim odds goodbye.

2. All-time team of players with fewer than 5,000 FTAs?
The example above dovetails into another discussion of what an amazing feat it is to miss 5,000 foul shots -- namely, that most players don't even attempt 5,000, much less brick that many. Combining NBA and ABA history, only 68 players have attempted 5,000 free throws. Dikembe Mutombo, for instance, has played 17 years and is still 49 short.
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Entire article: ESPN - John Hollinger: How Shaquille O'Neal got to the brink of 5,000 missed free throws
 
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