Login
 

Latest Comments
  • Remember the Legend - Andrew T...
    I will always remember him. Especially the day he ...
    08.12.14 19:32
    By Derek T
  • Jamie Waller
    Great PBA player
    07.12.14 05:47
    By Ginebra
  • A.J. English
    His son AJ is currently starring for Iona College ...
    06.12.14 16:08
    By Knud knudsen
  • Lee Johnson
    Will always be remembered here at Israel. Especial...
    01.12.14 04:25
    By macabbi
  • Greg Graham
    My all-time favorite Hoosier. Was so fun to watch ...
    01.12.14 02:51
    By Rick Schneider
  • Greg Wiltjer
    i know his son sam wiltjer! he used to go to my sc...
    28.11.14 01:33
    By Guest 2
  • Freeman Blade
    Yay grandpa
    27.11.14 19:23
    By Da boss
  • Oliver Lee
    My auntie jerry lives under u on palmer
    27.11.14 17:02
    By amaryon

 

 

Joe Smith Illegal signing - Draft Notes E-mail
 

 

 

NEW YORK -- The National Basketball Association today announced that Commissioner David Stern has taken the following actions based upon an arbitrator's ruling on Monday that the Minnesota Timberwolves, Joe Smith, and agent Eric Fleisher entered into a secret agreement in violation of the NBA's salary cap rules:

 

  • directed the forfeiture of Minnesota's own first-round draft picks in the 2001, 2002, 2003, 2004 and 2005 NBA Drafts;

     

  • fined the team $3.5 million; and

     

  • voided the player contract between Smith and the Timberwolves for the 2000-01 season, along with all contracts previously entered into by Smith and the team.

     

In addition to these penalties, the Collective Bargaining Agreement also authorizes the Commissioner to suspend team personnel who were involved in the making of the secret agreement. Those suspensions will be determined after subsequent proceedings before the arbitrator.

The NBA has also requested that, as required by the CBA, the Players Association impose appropriate discipline on Mr. Fleisher for his violation of the salary cap rules.

On December 9, 2000

MINNESOTA -- Minnesota Timberwolves vice president of basketball operations Kevin McHale agreed to take a leave of absence until July 31. Owner Glen Taylor agreed to take a leave of absence until July 31. Because of their cooperation in doing this without going through arbitration the NBA agreed to restore their 2003 first round draft pick.

December 28, 2003

NEW YORK-- The NBA announced today that it has restored the Minnesota Timberwolves’ first round pick in the 2005 NBA Draft. This pick had been forfeited by the Timberwolves in December 2000 in connection with the salary cap circumvention case involving the Timberwolves and Joe Smith.

“In light of the other penalties that have been imposed on the Timberwolves, and the team’s conduct since the Smith matter concluded,” said NBA Commissioner David Stern, “we feel it is appropriate to restore the Timberwolves’ first round pick in 2005.”

As a result of the Smith case, the Timberwolves will have forfeited their first round picks in the 2001, 2002, and 2004 NBA Drafts, and paid a fine to the league of $3.5 million.

Source: NBA.com

 

 

 

Add comment

Security code
Refresh