Gugliotta deal unveiled Bullets may sign Grant Nash shows offer tops Keefe contract

July 12, 1992|By Alan Goldstein | Alan Goldstein,Staff Writer

BOWIE -- In a final attempt to sign No. 1 draft choice Tom Gugliotta, Washington Bullets general manager John Nash yesterday compared the team's five-year $10.725 million offer made to the North Carolina State forward to the five-year, $7.3 million dollar deal Stanford forward Adam Keefe signed with the Atlanta Hawks on Friday.

Keefe, the 10th player chosen in the 1992 NBA draft and the first lottery pick to sign, was once thought to be the Bullets' first choice among the blue-chip players available with their sixth pick.

"In our minds, Gugliotta and Keefe were quite close in talent," said Nash. "We chose Gugliotta, but we've offered him $3.425 million more than the Hawks gave Keefe."

Nash reiterated that the Bullets can't and won't raise their "final offer" because of salary cap restrictions. He also suggested that Washington may choose to match the New York Knicks' six-year $17.061 offer sheet to veteran forward Harvey Grant as soon as tomorrow, or five days before the league-imposed July 17 deadline.

An arbitration hearing is scheduled in New York Monday on the Bullets' charges that the Knicks tampered with Grant by making him an offer prior to July 1. The Bullets could match the offer under protest, and then appeal to Judge Dickinson Debevoise of Newark, N.J. If the Bullets sign Grant, they will greatly exceed the new $14 million salary cap. It would leave only a $500,000 cap exemption to sign a draft choice.

But Gugliotta's Atlanta-based agent, Richard Howell, has reportedly demanded a $11.8 million, five-year pact. Howell has not returned repeated phone calls.

Howell has also made it known that he prefers waiting to see what four players selected before Gugliotta -- Alonzo Mourning (Charlotte), Christian Laettner (Minnesota), Jim Jackson (Dallas) and LaPhonso Ellis (Denver) -- will bring in the market.

It is unlikely any of these players will be signed within the next week, since none of these teams are burdened with the same cap problems or urgency the Bullets face in re-signing Grant.

Keefe vs. Gugliotta

Here, according to Bullets general manager John Nash, is a year-to-year comparison of the five-year contract offered Stanford forward Adam Keefe, the 10th pick overall, who signed with Atlanta, and the proposal offered North Carolina State forward Tom Gugliotta, chosen sixth by the Bullets.

(Figures are in millions.)

.. .. .. .. .. .. .. .. .. .. Keefe .. .. .. .. .. .. .. Gugliotta

92-93 .. .. .. .. .. .. .. .. .$1.0 .. .. .. .. .. .. .. .. .$1.345

93-94 .. .. .. .. .. .. .. .. .$1.2 .. .. .. .. .. .. .. .. .$1.745

BTC 94-95 .. .. .. .. .. .. . . .. $1.5 .. .. .. .. .. .. .. .. .$2.145

95-96 .. .. .. .. .. .. .. .. $1.65 .. .. .. .. .. .. .. .. .$2.545

96-97 .. .. .. .. .. .. .. .. $1.95 .. .. .. .. .. .. .. .. .$2.945

Total .. .. .. .. .. .. .. .. .$7.3 .. .. .. .. .. .. .. .. .$10.725

Difference: $3.425 million

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.