YOU ARE CORRECT.
One month into the 2005–06 season and without a contract, Sprewell’s agent, Bob Gist, said his client would rather retire than play for the NBA minimum salary, telling *Sports Illustrated, “Latrell doesn’t need the money that badly. To go from being offered $7 million to taking $1 million, that would be a slap in the face.” Several days later, Gist said that Sprewell planned to wait until “teams get desperate” around the[trade deadline in February, and then sign with a contending team—an eventuality that never materialized. Gist said that Sprewell would not be interested in signing for any team’s $5 million mid-level exception, calling that amount “a level beneath which [Sprewell] would not stoop or kneel!”
WHAT A GAH DAMN FOOL LMAO