Your buddy Maggs.. is yet.. a liar again.
Here's the proof straight from the CBA..
Quote:
Deferred compensation obligations incurred in a Contract executed on or after September 30, 2002 must be fully funded, in an amount equal to the present value of the total deferred compensation obligation, on or before the second July 1 following the championship season in which the deferred compensation is earned.
For simplicity sake.. this means that deferred money must be "funded" (i.e. set aside) no later than July 1 two years after the money is earned. For example, money deferred for 2005 must be funded by July 1 2007. The money also must be funded at the net present value, meaning any interest accrued between when it's funded and when it's given to the player belongs to the player. In practice, there is no reason not to give it to the player on July 1.
Thanks to Ol' No 2 from WSI for digging this up. As for you.. do some research would ya.. it's not that difficult and it enforces credibility rather than make you look like a fool.