NBA Roundtable

2010 Cap Space: Washington

In Draft, Free Agency, General NBA, Trade Talk on June 30, 2010 at 4:45 am

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.

Rest Of Team’s Salaries

  • Yi – $4.05 million
  • Andray Blatche – $3.26 million
  • Al Thornton – $2.81 million
  • Nick Young – $2.63 million
  • JaVale McGee – $1.6 million

A sub-total of $14.35 million for five players. Al Thornton, Yi 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 made three first round draft picks – John Wall, Kevin Seraphin and Trevor Booker – who have caps worth $4.29 million, $1.3 million and $1 million respectively which comes to a total of $6.59 million.
  • 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 $8.49 million.

Which gives us an overall total of $49.57 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 $6.53 million in cap space.

Summer Options

The Wizards will be able to choose between two options

  • MLE + LLE = totaling around $7.5 million
  • Cap space = $6.5 million

The Wizards would be able to pay out more to an individual player with their cap space but have a little more money available by using two separate assets (MLE + LLE).

It is unclear what the Wizards plan to do in free agency. The Kirk Hinrich and Yi trades came out of left field and ruined the Wizards free agency opportunities. It’s very difficult to know what they’ll do now.

Own Free Agents

In order to facilitate the trades, salary dumps, Washington still has to renounce the rights to their own players.

Out of their free agents, I still consider Josh Howard the most likely player to be retained and he could be re-signed with the Wizards cap space and possibly with their MLE.

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