PIstons Cut Ties with Underperforming, Highly Paid Star
Move over, Mike Malone firing. The Detroit Pistons have made the most shocking move of the 2014-15 NBA season by dropping underperforming star forward Josh Smith.
It’s not surprising that Stan Van Gundy (team coach, as well president of basketball operations) doesn’t want Smith around. Since signing a four-year deal worth $54 million in 2013, the former Atlanta Hawks phenom has been lousy. This year, he’s shot just 39 percent from the floor, including a devastatingly bad 24 percent from three, and an almost unbelievable 47 percent mark from the charity stripe.
What does come as news, however, is that Van Gundy had the chutzpah — and owner Tom Gores’ backing — to actually cut Smith loose. NBA contracts are largely made up of guaranteed money, and J Smoove’s is no exception. Despite being excused from his duties as a Piston, he’ll still be getting every penny of what he signed up for. He’ll now be paid, essentially, to simply stop being around anymore.
Detroit will get to use a “stretch provision” on his deal to allow them to spread the payments out over more years, which will free up salary cap space and make their roster more flexible going forward. But the maligned Smith is still, ultimately, owed something close to $40 million. That’s no small pill to swallow.
Rumblings prior to the waiving suggested that the Pistons had daily pursued trades involving Smith, with all 29 other teams in the league, and that zero were interested in making a swap at a reasonable price.
But now that Smith’s available for a much smaller price tag, there’s something like a bidding war for his services among playoff-eligible teams. The Houston Rockets, Dallas Mavericks, Miami Heat and Sacramento Kings are all pursuing a deal with Smith, according to ESPN’s Marc Stein. Stay tuned for details as this story continues to unfold.
— John Wilmes