It depends on how far under -$500k he is. Let's assume he's just at the line.
He'll have $194k in severance to pay out, so let's put him at $694k in the red (insane!) after he releases staff.
Cutting his salary costs down to around $10k will put him at +$148k per week (he'll probably see a dip in his attendance and merch, so let's just put it at $125k per week).
In two weeks he'll be at a balance of -$444k, which means he's out of bankruptcy. He can get into the black four weeks later. So he probably doesn't NEED to sell a player.
That said, dumping his second best big man will probably result in around $1.2m in profit (and cut $15k off the expenses line) which would push him out of the red and into the black right away. He would then have a bit more flexibility to rebuild and get some reasonable staff to replace his current trainwreck. I think it's clear that Parker is his pride and joy, so I wouldn't cut him loose unless I absolutely needed to (although he's probably close to capping out soon). There's not point in scrapping all the assets on the team unless he has no choice at all.
The key here is for him to cut costs on staffing and find a way to get out of the bankruptcy zone ASAP without gutting the team entirely and screwing up long term goals. I think the best way to do that is to axe all the staff, sell off Frittelli and buy a decent but cheap trainee big man and three reasonably price level 3-4 staffers.
Last edited by chris902 at 4/27/2010 12:37:34 AM