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  • Am I the only one who feels a tad nervous about the buyout not being settled yet?

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    • From the SI.com Article:

      Lithuanian Jonas Valanciunas, the fifth pick in the 2011 draft, has begun negotiating his release from his European team, sources told Scott Howard-Cooper of NBA.com, and is expected to be able to play in North America next season.

      Valanciunas has a $2.4 million buyout in his contract with his Lithuanian team, of which the Raptors are only permitted to pay $550,000. Valanciunas had previously said he was willing to pay whatever he had to in order to play in the NBA.

      Valanciunas, who just turned 20 on May 6, is listed at 7-foot, 240 pounds and projects as a true center rather than a stretch power forward. His presence should allow Andrea Bargnani, the team’s leading scorer, to move out of the middle to the four or even the three, since Toronto also has Amir Johnson and Ed Davis to play power forward.
      And from the Original NBA.com article:

      Jonas Valanciunas has started negotiations on the release agreement with his team in Lithuania, sources said, an important step in the 2011 lottery pick finally being able to join the Raptors.

      While it has been expected all along that Valanciunas would be in the NBA in 2012-13 after a final season in his native country, news of talks with Lietuvos Rytas are a comforting development for Toronto fans who missed having their center of the future in 2011-12.

      The release agreement is part of the process before Valanciunas can pay the $2.4-million buyout to the team in Lithuania and sign in Toronto. The Raptors are allowed to pay $550,000 of that.

      There is no timetable for Valanciunas to join the Raptors and end the uncertainty that started last June, when NBA teams became concerned about the absence of a buyout in his contract, creating the possibility he would have to play in Europe for multiple seasons. That never happened. Toronto took him fifth overall in an investment for the future and quickly, and thankfully, saw Valanciunas sign a new deal in Lithuania that allowed him to get out of the deal in the 2012 offseason.

      One non-Toronto executive called Valanciunas “a future franchise center” before the 2011 draft. While not every team shared the belief that he would be a star, there was a strong belief the 7-foot, 240-pounder would have a long and successful NBA career and that the Raptors made a sound choice despite the wait.

      “I have no doubt that is the right pick or was the right pick for us,” Bryan Colangelo, the president and general manager, told NBA.com in March. “But it certainly wasn’t one that would gather instant gratification. There were other players on the board… that our fans and perhaps the media wanted us to take because they might come in and be an immediate-impact pick, if you will. But we made a long-term decision. We drafted a 19-year-old center prospect and despite the pressure of picking a so-called sexy pick or someone that might be a more-popular pick, we made the pick that we felt was the best decision, long term and short term, for the franchise because it fit right into this building process that we’re going through right now.”
      The future is now, Ladies & Gentlemen.
      Last edited by Joey; Wed May 30th, 2012, 09:17 AM.

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      • Nilanka wrote: View Post
        Am I the only one who feels a tad nervous about the buyout not being settled yet?
        Yes. Lol

        The buyout is a certainty. It's in his contract.
        The only thing that needs to be worked out is the Release Agreement.
        And thats merely a formality.

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        • https://docs.google.com/a/draftexpre...zYy/edit?pli=1

          JV's actual (supposedly) buyout agreement via a tweet from DraftExpress.com.

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          • Matt52 wrote: View Post
            https://docs.google.com/a/draftexpre...zYy/edit?pli=1

            JV's actual (supposedly) buyout agreement via a tweet from DraftExpress.com.
            Your sleuthing skills never cease to amaze me...

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            • Matt52 wrote: View Post
              https://docs.google.com/a/draftexpre...zYy/edit?pli=1

              JV's actual (supposedly) buyout agreement via a tweet from DraftExpress.com.


              Who is gonna bankroll a 19 year old kid 1.9 million dollars?

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              • Something else to keep in mind for anyone worrying JV might not show:
                DraftExpress There isn't any "negotiation" that needs to be conducted for Jonas Valanciunas to join the Raptors. Everything's been agreed upon already.
                It comes down to JV willing to pay $1.9M of his own money.

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                • Like a shoe company wont pony up a 2 mil endorsement deal, he will have the cash.
                  Twitter @WJ_FINDLAY

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                  • SitnonDfence wrote: View Post
                    Who is gonna bankroll a 19 year old kid 1.9 million dollars?
                    If I was a bank I'd make that loan. I am guaranteed to get it back with some interest knowing the kid was going to the NBA and was guaranteed $8-$9M from a 3 year rookie contract (for a 5th pick).

                    I can even imagine some company who endorses JV would pony up the cash. The kid will be a gold mine in Lithuania and other parts of Europe.

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                    • planetmars wrote: View Post
                      If I was a bank I'd make that loan. I am guaranteed to get it back with some interest knowing the kid was going to the NBA and was guaranteed $8-$9M from a 3 year rookie contract (for a 5th pick).
                      That's exactly how LeBron's mom was able to buy him a Hummer H2 in high school. She received a bank loan based on nothing more than her son's "earning potential".

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                      • Nilanka wrote: View Post
                        That's exactly how LeBron's mom was able to buy him a Hummer H2 in high school. She received a bank loan based on nothing more than her son's "earning potential".
                        haha or the $100M in endorsement deals he had signed before ever stepping foot on an NBA court! Nike, Gatorade and others essentially signed him to be MJ's replacement... lucky *%*&($

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                        • Ive heard of highly rated college prospects receiving loans from the bank with the understanding they are paid back upon entering the NBA
                          For still frame photograph of me reading the DeRozan thread please refer to my avatar

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                          • Nilanka wrote: View Post
                            That's exactly how LeBron's mom was able to buy him a Hummer H2 in high school. She received a bank loan based on nothing more than her son's "earning potential".
                            And I thought Delonte West loaned her the money

                            (sorry Lebron)

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                            • Bendit wrote: View Post
                              And I thought Delonte West loaned her the money
                              Would it still be considered a loan if thats just what she charges for a good time?

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                              • bendit wrote: View Post
                                and i thought delonte west loaned her the money

                                (sorry lebron)
                                hiyoooooooo!!!

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