NBA Roundtable

2010 Cap Space: New Jersey

In Draft, Free Agency, General NBA, Trade Talk on June 30, 2010 at 5:04 am

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.

Others Costs

  • Draft Picks — The Nets have cap holds for Derrick Favors and Damion James worth $3.44 million and $960k respectively. A total of $4.4 million.
  • Non-Guaranteed Contracts — The Nets waived Keyon Dooling. He will be on the books for $500k.
  • Player option – Kris Humphries will opt into his final year of $3.2 million.
  • Open Roster Spots — The Nets will have six players on their books. That leaves cap holds for six open roster slots worth a total of $2.38 million.

The gives us a sub-total of $10.48 million which gives us a new total of $25.43 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 $30.67 million in cap space this summer.

Summer Options

Two Max Contracts

The Nets are short $2 million in their quest to offer two maximum contract offers this summer.

On the other hand, if they manage to acquire two max contract players, they will most likely engage in a sign and trade and pull it off anyway. Likely with Derrick Favors being used as bait.

Main Targets

The Nets looked out of the running for the top three free agents (Bosh, Bron, Wade) but this added cap flexibility may be enough to convince one of them to join the Nets. And, once one joins, they’ll be able to convince a second one to come.

However, due to their lousy record and unproven squad, it is still quite likely that the Nets will miss out on those three players. That will leave them vying for the attentions of:

  • Power forwards – Carlos Boozer + Amare Stoudemire + David Lee
  • Wings – Joe Johnson + Rudy Gay

It’s starting to look like Joe Johnson is beyond the Nets grasp too. Joe is wary of joining a 12 win team after wasting away several seasons on poor Hawks teams and looks to have enough max contract options elsewhere to choose somewhere else. That leaves the Nets with Rudy Gay and a power forward as their main high priced targets.

My View

Personally, I don’t think the Nets should sign any of the three power forwards. Not without LeBron or Wade joining the team.

I have two reasons for this:

  • I don’t think Lee, Amare or Boozer are good enough to be a franchise player
  • A core of one of the above + Harris + Lopez is only a .500 team
  • Favors is a terrific power forward prospect who needs minutes to develop and if he could, possibly, surpass all three of those power forwards down the road.

However, if Bron or Wade signs up, then the Nets should pull out all the stops to get one of the other two because that would give them a Championship caliber core along with Devin Harris and Derrick Favors.

Unfortunately, I think the Nets are going to try and force this and sign someone they shouldn’t.

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