NBA Roundtable

2010 Cap: Atlanta Hawks

In Free Agency, General NBA, Trade Talk on June 24, 2010 at 2:23 am

Atlanta Hawks Salaries

Contracts above $5 million

  • Josh Smith – $11.6 million
  • Jamal Crawford – $10.08 million
  • Marvin Williams – $6.71 million
  • Mike Bibby – $5.56 million
  • Al Horford – $5.44 million

Marvin Williams has four years on his contract. Josh Smith has three years left on his deal. Mike Bibby has two years. Al Horford (big extension on the horizon) and Jamal Crawford are both expiring contracts.

These five players total $39.39 million.

Rest Of Team’s Salaries

  • Zaza Pachulia – $4.25 million
  • Mo Evans – $2.5 million
  • Jeff Teague – $1.48 million

Zaza Pachulia and Jeff Teague (rookie contract) both have three years remaining on their contracts. Mo Evans is an expiring contract.

That gives us a sub-total of $8.23 million.

Other Costs

  • Draft Picks — The Hawks hold the #24 pick which comes with a cap hold of $960k.
  • Open Roster Spots — The Hawks have nine players on the books at this point so they’ll need a minimum of three more players. A cap hold of $1.425 million for open roster slots.

A sub-total of $2.39 million which gives us an overall total of $50 million.

Note: The Hawks still hold the rights to Josh Childress. His cap hold is $10.89 million (300% of $3.63 million, his final year’s pay). That cap hold takes the Hawks well over next year’s salary cap.

If the Hawks rescind their rights to Childress then they’ll be back to the above figures. I don’t want the Hawks to re-sign Childress so I’m going to ignore the cap hold for the rest of the post (rather than changing the post) but be aware that it exists.

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

So, the Hawks do not have substantial cap space. They have roughly the equivalent of the MLE in cap space. No difference.

Summer Options

Re-Sign Joe Johnson

Joe Johnson will likely cost $15+ million per annum for five years.

That would take the Hawks up to $65 million and just a bit below the luxury tax threshold ($68 million). That would seem to eliminate the Hawks ability to re-sign Josh Childress or to take back equal contracts in a sign and trade.

Joe Johnson Leaves

The Hawks are unlikely to get anything in a sign and trade for Johnson. Unlike Bosh, Bron and Wade … Joe is unlikely to be offered a sixth season so teams will not be pressed into giving anything away in a sign and trade.

The Hawks have $19 million in expiring contracts in Jamal Crawford, Al Horford and Mo Evans. Half of that money will likely go to Horford in a new contract extension meaning the Hawks will only gain around $10 million in cap flexibility ($15 million below the cap).

That means that the Hawks need to restructure some of their other contracts:

  • Mike Bibby — two years left worth $11.7 million on his contract
  • Zaza Pachulia — three years worth $14.25 million on his deal
  • Marvin Williams — four years worth $30 million

Mike Bibby and Zaza Pachulia will have to be jettisoned for cap flexibility which will give the Hawks $25 million in cap room to add free agents to their core of Al Horford, Josh Smith and Marvin Williams. If they moved Williams too, they could add another $7 million, giving the Hawks $32 million. Enough to offer two max contracts.

I’m not sure whether they should move Marvin’s deal if JJ leaves but they should definitely move Bibby and Zaza. That cap flexibility is Atlanta’s best opportunity to retool their roster should JJ leave.

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