NBA Roundtable

2010 Cap Space: Washington

In Free Agency, General NBA, Trade Talk on June 24, 2010 at 12:43 am

Washington Wizards Salaries

Contracts Above $5 Million

  • Gilbert Arenas – $17.73 million.

Gilbert Arenas has another four years and $80 million left on his contract.

Rest Of Team’s Salaries

  • Andray Blatche – $3.26 million
  • Al Thornton – $2.81 million
  • Nick Young – $2.63 million
  • JaVale McGee – $1.6 million

A sub-total of $10.3 million for four players. Al Thornton and Nick Young are entering the final season of their rookie scale contracts while McGee will be beginning his third season. Andray Blatche has two seasons and $6.78 million left on his contract.

Other Costs

  • Draft Pick — Washington owns the #1 selection which comes with a cap hold of $4.29 million. They also have the final pick in the first round (via Cleveland) accounting for $850k.
  • Player Option – Quinton Ross – Ross has a player option $1.15 million which he is very likely to opt into.
  • Open Roster Slots – the Wizards have eight players on their books meaning they’ll have a cap hold for four empty roster spots worth $1.9 million.

A sub-total of $8.12 million.

Which gives us an overall total of $36.23 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

So, the Washington Wizards will have $19.87 million in cap space.

Summer Options

The Wizards have a lot of momentum riding behind them following the addition of John Wall with the #1 draft pick. I expect them to continue riding along that tide and look to make a slash with a big free agent signing (similar to Grunfeld signing Arenas years ago).

The Wizards don’t have a strong enough foundation to sign LeBron, Wade or Bosh but they could make a very interesting offer for the likes of Amare Stoudemire, Carlos Boozer, David Lee, Joe Johnson or Rudy Gay. I think one of the big men is the most likely to receive a big money offer, probably Boozer.

Washington will need to overpay whoever they sign (similar to Arenas years ago) to get them to join the Wizards. The franchise has simply been too dysfunctional and lost too many games in recent years to be a frontrunner in free agency. They won’t be teams first options, but, if they’re willing to pay over the odds for those second tier free agents they’ll be able to snag someone.

Washington has shown some interest in re-signing Josh Howard in previous months. If they sign one of the cheaper players (say David Lee) in the $10-12 million range, I would expect Washington to make a strong play for Howard with the remainder of their cash. And if not Howard, Mike Miller is an option, as well as several others but I think Josh Howard is the frontrunner for that cash.

If they have to pay $14-16 million for Boozer or Amare, the Wizards will only have enough left for a cheap to mid-priced role player ($3-5 million).

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