NBA Roundtable

2010 Cap Space: New Jersey

In Free Agency, General NBA, Trade Talk on April 28, 2010 at 11:11 am

This is a follow up post due to the higher than expected cap figures

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

  • Yi Jialian – $4.05 million
  • Brook Lopez – $2.41 million
  • Terrence Williams – $2.21 million
  • Courtney Lee – $1.35 million
  • Chris Douglas Roberts – $850k

Chris Douglas Roberts has a non-guaranteed contract but at that salary he’s a lock to be picked up so I included him here. CDR will be entering the final year of his deal.

The five players will be coming off their rookie contracts, with the other four being former first round picks. Yi will be entering the final year of his deal, while Lopez and Lee enter the third seasons of their contracts, and Williams will be entering his second season.

Those contracts amount to $10.87 million and bring the Nets total up to $19.85 million.

Others Costs

  • Draft Picks — The Nets finished with the worst record in the NBA meaning that they will pick between #1-to-#4 in the draft this summer. Those picks come with cap holds ranging from $3 million to $4.15 million.
  • Draft Picks — The Nets also own the Mavericks first round draft pick from the Jason Kidd trade. That is the #27 pick and it comes with a cap hold of about $840k.
  • Non-Guaranteed Contracts — The Nets have two non-guaranteed deals. Eddie Najera and Keyon Dooling. Najera and Dooling are due to be paid $3 million + $3.83 million respectively but only $2.5 million + $500k of their contracts are guaranteed. Both are likely to be cut loose, particularly Dooling.
    • Najera is due to be paid $3 million and is guaranteed $2.5 million. If the Nets waived him they’d have to pay the guaranteed portion of his salary + open roster spot charge which is pretty much the same figure as $3 million. The Nets may not waive Najera as a result. If they do, it doesn’t make a significant difference to the figures.
  • Open Roster Spots — The Nets will have six players + two draft picks on their books. If they waive Dooling and Najera as expected that would leave them with four open roster spots resulting in a charge of around $1.9 million.

The gives us a sub-total of $9.24 million to $10.35 million.

Which gives us a new total of $29.09 to $30.24 million.

The Cap

David Stern recently announced

NBA commissioner David Stern said on Friday that the league is projecting the cap to come in at about $56.1 million. The actual number won’t be determined until early July, before teams can begin officially signing players.

Though that figure would still be lower than this season’s $57.7 million cap, it’s far better than estimates from last summer, when the league sent a memo to teams warning them of a potential sharp drop to between $50.4 million to $53.6 million.

2010 Cap Space

That Nets have $27.01 to $28.16 million in cap space this summer.

Summer Options

That gives the Nets enough cap space to

  • Sign a max contract player + $10 million player
  • Sign three $9-10 million contracts — one or two is possible but three is unlikely
  • Sign four $7 million contracts — hugely unlikely

The Nets first preference will be to sign a max contract free agent but given the level of competition + the poor state of NJ’s roster … it is likely that they strike out on that endeavor.

Instead, I would expect New Jersey to end up signing one player in the $10-13 million range (Rudy Gay?) and one young high potential player in the $5-7 million range (like Ty Thomas).

John Wall

If the Nets win the rights to John Wall, their free agency opportunities will increase dramatically.

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