NBA Roundtable

Cap Space Updates

In Free Agency, General NBA, Trade Talk on July 8, 2010 at 7:36 am

The NBA announced a higher than expected cap figure

NBA teams found out Wednesday that the salary cap for next season will be nearly $2 million higher than anticipated, providing additional unforeseen cap space to several teams.

The NBA announced a cap of $58 million for the 2010-11 season, when most teams had budgeted a cap of $56.1 million.

The exact salary cap figure, according to league sources, is $58,044,000, up from $57.7 million in the 2009-10 season.

Free Agent Signings

#1 – Miami Heat

  • Contracts – Beasley + Chalmers + J.Anthony = $6.66 million
  • Waived Players – J.Jones = $1.86 million
  • Free Agent Signings – Wade + Bosh = $33.14 million
  • Cap Holds – seven empty roster spots = $3.325 million
  • Total = $44.985 million
  • Cap Space = $13.06 million

Note: Trading Beasley and Chalmers for cap space can free up another $5.81 million to create a total of $18.87 million in cap space.

#2 – New York Knicks

  • Contracts – Curry + Gallinari + Chandler + Douglas = $17.78 million
  • Free Agent Signings – Amare = $17.2 million
  • Cap Holds – seven empty roster spots = $3.325 million
  • Total = $38.305 million
  • Cap Space = $19.74 million

#3 – Chicago Bulls

  • Contracts – Deng + Rose + Noah + Gibson + Johnson = $22.86 million
  • Free Agent Signings – Boozer = Between $12.8 and $15.77 million
  • Cap Holds – six empty roster spots = $2.85 million
  • Total = Between $38.51 and $41.48 million
  • Cap Space – Between $16.564 million to $19.534 million

Note: The starting salary for Carlos Boozer is unknown. It could begin at $12.8 million with 8% raises for a total of $75 million or $13.3 million with 8% raises for $80 million. The Bulls may also use a flat payment scheme of $15 to $15.8 million per annum. Or a descending contract (in order to make it easier to pay Rose + Noah + Gibson) that begins at $15.77 million and is lower towards the end of the deal.

#4 – Phoenix Suns

  • Contracts – Nash + Richardson + Barbosa + Hill + Dudley + Dragic + Clark + Lopez = $42.98 million
  • Free Agent Signings – Frye + Warrick = $9 to $9.5 million
  • Cap Holds – two empty roster spots = $950k
  • Total = $52.93 million to $53.43 million
  • Cap Space = $4.61 million to $5.11 million

Note: The Suns have less than the MLE so they’ll be using the MLE instead.

No Signings, New Cap Figures

#5 – New Jersey Nets

  • Total = $25.725 million
  • Cap Space = $32.32 million

#6 – Los Angeles Clippers

  • Total – $39.02 million
  • Cap Space = $19.02 million

#7 – Sacramento Kings

  • Total = $40.74 million
  • Cap Space = $17.3 million

#8 – Minnesota Timberwolves

  • Total= $42.94 million
  • Cap Space = $15.1 million

#9 – Oklahoma City Thunder

  • Total = $49.19 million
  • Cap Space = $8.85 million

#10 – Washington Wizards

  • Total = $49.57 million
  • Cap Space = $8.47 million

Notes

#11 – Toronto Raptors

  • Sub-Total – $48.26 million
  • Free Agent Signings – Amir Johnson = $5.7 million
  • Cap Holds – two empty roster slots = $950k
  • Total = $54.91 million

Note: The Raptors are below the cap by figure smaller than the MLE so they will instead use the MLE rather than their cap space while also retaining the bird rights to their own free agents.

#12 – Cleveland Cavaliers

  • Contracts – Jamison + Mo + Gibson + Varejao + Moon + Telfair + Powe + Parker + Hickson = $44.71 million
  • Partially Guaranteed Contract – Delonte has $500k guaranteed = $500k
  • Cap Holds – Eyenga + two empty roster slots (assuming Delonte is waived) = $1.8 million
  • Total = $47.01 million
  • Cap Space = $11.03 million

Note: This is in the event of LeBron James leaving Cleveland. Otherwise, the Cavs have no cap space.

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