Oct 27, 2020
Huge Relief For Boston Celtics as Gordon Hayward Could Reportedly Opt-Out of His Contract
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When Gordon Hayward joined the Boston Celtics in the 2017 offseason, he was coming off a career year. Hayward earned his first-ever All-Star appearance and looked in the form of his life.
However, with the Celtics, everything went downhill for Hayward. He suffered a gruesome injury in his very first game as a Celtics player.Since returning from the injury, he has been a shell of himself and is diminished to a supporting player.
Next season, Hayward will be eligible for a $34.2 million player option in his deal. But according to ESPN’s Zach Lowe, the 29-year-old might not return to the TD Garden.
“There’s some buzz out there. And I can’t figure out what the buzz means. The buzz that I’m hearing is like the smoke, the smoke indicating that something is happening. I’m not sure what’s up, but I don’t think it’s a lock that Gordon Hayward is on the Celtics next year.
“…We don’t know that there’s a Gordon Hayward chase. We don’t know that any of this is happen ing. I’m just saying that there’s a little bit of buzz… Something is mildly afoot here.”
Gordon Hayward averaged 17.5 points per game in the regular season while starting in all games. However, come playoff time, Hayward suffered another injury that kept him out of action for the majority of the run.
As a result, the Celtics were eliminated in the Eastern Conference Finals and will have to try again next year. Following this playoff exit, there remains a huge question mark on the future of Hayward.Will Gordon Hayward return to the Boston Celtics? Boston Celtics forward Gordon Hayward (20) drives around a pick set by center Daniel Theis (27) defended by Miami Heat guard Tyler Herro (14) during the first half in game six of the Eastern Conference Finals of the 2020 NBA Playoffs at AdventHealth Arena. Mandatory Credit: Kim Klement-USA TODAY Sports
From a financial point of view, running it back with the Celtics will be the best option for him. It’s unlikely that he will land a contract that can match his current contract.
But from a playing point of view, it seems like the Celtics have already moved on from him. They have multiple star players on the roster who can take forward the franchise. The Jayson Tatum-Jaylen Brown duo is clearly the future of the team.
As of now, there is no word from Hayward himself, but if you are to believe the rumors, the one-time All-Star will be on his way out. What are your thoughts? Will Gordon Hayward return to the Celtics?Aikansh Chaudhary
An avid follower of Basketball, Cricket, and Football. Started writing as a passion now it is my bread and butter.
News Source: newsbrig.com
Congress stalled on stimulus talks and time is running as millions face a 'benefits cliff'
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Congress gave an extra $600 a week to the unemployed as part of the CARES Act relief law signed in March. That aid expired in July.
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A new weekly subsidy is almost certain to be part of any upcoming federal relief package, according to unemployment and policy experts.
The enhancement would likely fall somewhere between $250 and $600 a week, and would likely be retroactive to early September, they said.VIDEO2:1502:15Some unemployment recipients face big overpayment billsThe Exchange
"If we are going to get another round of stimulus, I can't imagine that won't be included in it," said Michael Strain, director of economic policy studies at right-leaning think tank American Enterprise Institute, of a new weekly subsidy.
Strain added, however, that he thinks "it's far from certain we will get another round."No sign of momentum
For many, the outcome is of extreme financial importance: Evidence suggests the unemployed have drawn down savings at a rapid clip and are going hungry more often than those who've kept their jobs and hours intact.
Time is quickly running out to pass something by year-end to prevent a "benefits cliff," which would erase temporary protections in place for renters, student loan borrowers and the jobless.Senate Majority Leader Mitch McConnell, R-Ky.Samuel Corum | Getty Images News | Getty Images
It has been nine months since President Donald Trump signed the $2.2 trillion CARES Act, the last piece of relief legislation passed by Congress.
Senate Majority Leader Mitch McConnell, R-Ky., said after the election a few weeks ago that reaching a stimulus deal is "job one" for the Senate.
Job growth is slowing at a time when long-term unemployment is ballooning and state officials are re-imposing some business restrictions to curb rising coronavirus infections.Good luck making that go very far in many areas across the country.Mark Hamricksenior economic analyst at Bankrate
But Democrats and Republicans appear firmly entrenched in their respective negotiating positions.
McConnell wants to pass a targeted bill with a total price tag near $500 billion, while House Speaker Nancy Pelosi is aiming for a broader package north of roughly $2 trillion. President-elect Joe Biden has called on Congress to pass a bill before his inauguration in January and has publicly sided with Democrats on the overall size of a package.
Spokespeople for Biden, McConnell and Pelosi didn't return a request for comment for this story.
"I don't think there's any sign of visible momentum," said Mark Hamrick, a senior economic analyst at Bankrate. "It's one example after another of Lucy moving the football before Charlie Brown goes to kick it."House Speaker Nancy Pelosi, D-Calif.Drew Angerer | Getty Images News | Getty Images
Some are hoping that relief measures get attached to a spending bill that Congress must pass by Dec. 11 to avert a government shutdown.
"The most likely thing to move will be that budget [legislation]," said Andrew Stettner, a senior fellow and unemployment expert at the Century Foundation, a progressive think tank.$600 unemployment boost
Absent a federal enhancement, unemployment benefits generally replace about half of workers' lost wages, up to a dollar cap, which varies by state.
States paid $318 a week (almost $1,300 a month) in unemployment benefits to the average person in October, according to the Labor Department. Some get much less.
"Good luck making that go very far in many areas across the country," Hamrick said.
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Lawmakers' goal with the prior $600-a-week boost was to fully replace lost wages for the average worker during the worst period of joblessness since the Great Depression.
A Columbia University study found that the $600 boost, along with one-time stimulus check of up to $1,200 for individuals, helped lift 18 million Americans out of poverty in April. Financial distress grew over the summer after that spending lapsed, the study found.
But the initial policy quickly came under fire from Republicans, who thought its generosity would create a disincentive to find or return to work. Numerous economic studies published over the summer debunked this theory, however.
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An improving economy may change that dynamic, though, and lead such a subsidy to create a disincentive to find work among the unemployed, Strain said. Republicans are more likely to approve a weekly boost in the range of $250 to $400, he said.
That would be in line with prior policies from the Trump White House.
The president authorized a $300 weekly boost via an executive program, Lost Wages Assistance, created in early August. It paid up to six weeks of benefits using federal disaster-relief funds, though hundreds of thousands (largely the lowest earners) were ineligible. Treasury Secretary Steven Mnuchin offered a $400-a-week compromise during subsequent negotiations in October.
But $400 is likely to be the minimum ask for Democrats, who have backed a second $600 weekly enhancement in any new relief package, according to Hamrick.
"Compromise can take any number of different paths," he said. "Unfortunately for the economy and the political world, we're sort of in a pandemic purgatory."Related Tags
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