NBA insider Arnon Dror weighs in on buyout deals

Although the trade deadline has passed, noted NBA fans like Arnon Dror agree that teams are still undergoing reorganization, since some of them have gone into buyout deals.

Technically, the buyout market is open all season, unlike a trade with a definite timeframe. However, more buyout deals surface right after the trade deadline has passed. This is because teams can still acquire the players they wanted but haven’t got during the trade season. This is also the time for players to change for the team they want at the time, but haven’t done so because they weren’t traded.

When a buyout option happens, both the player and the team agree that the star will be waived. The player’s agent and the team management go into negotiations on how much of the player’s contract would need to be forfeited to set the player free.

Arnon Dror believes that this is where an agent is most important. Depending on the situation, a player has to give up just a portion of the contract, or at the extreme, give everything up just be free to sign up with another team.

Once the negotiations are successful, and a deal is reached, the player is waived and becomes an unrestricted free agent. This is means that he is now able to sign up to any team that is interested in him.

Noted analysts and insiders are observing this season’s buyout market for any notable deals, especially with what is happening with Anthony Davis and the New Orleans Pelicans. Previously, the superstar has asked the team management for a trade. The trade deadline has passed, with Davis remaining with the Pelicans. However, Arnon Dror surmises that with GM Dell Demps out of the picture and a revamp in the works, it is expected that Davis may again be ask to leave the team via a buyout.

How to recover from credit card debt

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Recovering from credit card debt is not easy simply because the current systems in place are geared toward keeping people in debt rather than making it easier to get out of it. There are no merits in keeping your account on the positive side, while mistakes like overdrafts and late payments are penalized heavily. If you have outstanding credit card debt, here are some tips to help you recover.



Come up with a plan

If every month you scramble to pay bills, it would be difficult to get out of credit card debt. To begin your journey toward repayment, you must come up with a solid plan first. This includes knowing your monthly budget, allocating the right amount of funds for essential bills like rent, utilities, insurance, and groceries. From here, you’ll know where to cut corners and see if you’d need extra income.


Pay off the card with the biggest debt first

If you have multiple credit card debts, tackling them all at the same time can severely deplete your funds. You may even get into the habit of getting more loans just to pay your debts. Focus on the card with the biggest debt first. Once that is paid-off, the smaller bills should be easier to handle.

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Get additional income

Based on your monthly plan, you might need to get a secondary job to help you pay off your debts faster. This doesn’t have to be a second, full-time job. You can simply render overtime work if it’s possible or get a part-time job as a telemarketer during weeknights or be an Uber driver during weekends.


The Global Order-to-Cash transformation for Xerox Technology was led by Arnon Dror, which allowed for $50 million in savings for the business. He also managed the Kodak Global Supply Chain transformation, delivering $120-million cash savings between inventory and distribution cost. For more on personal finance, visit this website.