Farmar Unrestricted Free Agent

The LA Times reports

The Lakers decided Wednesday not to give restricted guard Jordan Farmar a one-year, $3-million contract offer.

It means that Farmar becomes an unrestricted free agent, and that the Lakers could lose him and get nothing in return when the free-agency period begins at 9:01 p.m. Pacific time Wednesday.

If the Lakers had tendered Farmar a deal, known as a qualifying offer, he would have remained a restricted free agent and they would have had the rights to match any offer sheet he signed with another team.

2010 Salary Cap: San Antonio

Initial post on the Spurs – link

San Antonio Spurs Salaries

Contracts Above $5 Million

• Tim Duncan – $18.84 million
• Tony Parker – $13.65 million
• Manu Ginobili – $11.85 million

Tim Duncan has two years and $40 million left on his deal while Manu Ginobili is just beginning a three year $39 million contract. Tony Parker is entering the final season of his contract and due for a contract extension (similar pay bracket).

Those three players give us a sub-total of $44.34 million.

Richard Jefferson Opts Out

RealGM reports

Richard Jefferson has opted out of the final season of his contract.

Jefferson would have earned $15.2M in the final year of his contract.

Jefferson

This is a very poor decision by Richard Jefferson.

After a poor showing last season and given his age, RJ is likely to only receive an MLE level contract this summer. An offer that he could have just as easily gotten in 12 months.

Perk’s Long Layoff

ESPN reports

Celtics center Kendrick Perkins said Tuesday night that he will undergo surgery to repair a torn anterior cruciate ligament next Wednesday and suggested he’d be sidelined at least five to six months as he recovers from the right knee injury sustained in Game 6 of the NBA Finals.Perkins looked fit arriving to the Celtics’ charity Spirit of Boston sunset cruise alongside Celtics broadcaster Cedric Maxwell and nimbly hopped over a rope while navigating the seaside red carpet. He said he’s taking a few weeks to strengthen the knee before surgery, hoping to shorten the recovery time.

2010 Free Agency List

Unrestricted Free Agents

Guards:  Raymond Felton, Jordan Farmar, Steve Blake, Luke Ridnour, Chris Duhon, Rafer Alston, Roger Mason Jr, Randy Foye, Nate Robinson, Flip Murray, Shannon Brown, Derek Fisher, Sergio Rodriguez, Jannero Pargo, Eddie House, Anthony Carter, Carlos Arroyo, Allen Iverson, Anthony Johnson, Shaun Livingston, Roko Ukic, Keyon Dooling, Lindsey Hunter, Javaris Crittenton,

2010 Tax Concerns: Boston Celtics

Initial post – link

Boston Celtics Salaries

Contracts Above $5 Million

• Kevin Garnett – $18.83 million
• Rajon Rondo – $9.09 million

A sub-total of $27.92 million for two players. Kevin Garnett has two years left on his contract while Rondo has four years left on his deal.

Rest Of Team’s Salaries

• Kendrick Perkins – $4.89 million

2010 Cap Space: Minnesota

First Edition — click here
Update – higher cap expectation

This is the third edition of the Wolves post to account for the addition of Martell Webster on draft day.

Minnesota Timberwolves Salaries

Contracts above $5 million

• Al Jefferson – $13 million

Big Al is the only large contract on the Wolves’ books and he has three years left on his contract.

2010 Cap Space: Chicago

Initial Post — click
After Midseason Trades — click here
Higher Cap expectation – click here

Chicago Bulls Salaries

Contracts above $5 million

• Luol Deng – $11.35 million
• Derrick Rose – $5.55 million

Luol Deng has four years left on his increasing contract. Derrick Rose will be entering the third season of his rookie contract.

These two players total $16.9 million.

2010 Cap Space: New Jersey

Initial Post – early season edition
Follow Up Post – higher cap expectation

New Jersey Nets Salaries

Contracts above $5 million

• Devin Harris – $8.98 million

Devin Harris is the only contract above $5 million on the Nets books at the moment. He has three more years left on his contract.

Rest Of Team’s Salaries

• Brook Lopez – $2.41 million
• Terrence Williams – $2.21 million
• Courtney Lee – $1.35 million

Lopez and Lee will be entering the third seasons of their contracts, and Williams will be entering his second season.

Those contracts amount to $5.97 million and bring the Nets total up to $14.95 million.

2010 Cap Space: Washington

Initial Piece — Post trade deadline

Washington Wizards Salaries

Contracts Above $5 Million

• Gilbert Arenas – $17.73 million
• Kirk Hinrich – $9 million

Gilbert Arenas has another four years and $80 million left on his contract while Hinrich has two years worth a total of $17 million left on his deal.

A sub-total of $26.73 million.