HoopsHype Salary Cap rumors

June 12, 2014 Updates

With the salary cap expected to rise from $71.75 million to around $75 million this summer, the team could have room to bring back Harrington at the veteran minimum. But the Wizards’ needs and space will hinge largely on how things play out with priority free agents Trevor Ariza and Marcin Gortat. “(Wizards owner) Ted (Leonsis) got the pockets, so if he want to go in the luxury [tax] and all that, he can bring back every last one of us,” Harrington joked. “I think the core that we have here is great and as many guys as he can keep, I think the better. That’s a great locker room in there. … I’m really going to take some time off and then some time throughout the summer, I’ll start evaluating if I want to play or maybe do something else.” Washington Post

June 4, 2014 Updates

The happiest member of the just-announced All-NBA teams is likely Paul George, who had a large clause in his contract triggered by being named to the third team on Wednesday. As part of the contract that George signed with the Indiana Pacers last summer, making the All-NBA team activates a nearly $7 million bonus in that deal, according to sources. George becomes the third player since 2011 to hit what has become known as the "Rose Provision," which is an escalator bonus in some maximum contracts. ESPN.com

Noah’s first-team nod gives him a $500K bonus that was originally deemed unlikely. It’ll be added to his cap figure, but it probably won’t be enough to tip the Bulls over the luxury tax line this season, as they scrambled to make late season moves to avoid any scenario in which they would have to do so. Hoops Rumors

June 2, 2014 Updates

The Orlando Magic could have as much as $22.7 million in available salary cap space to use this summer in free agency. But you shouldn’t expect the Magic to make a major free-agent splash. After wading into the “kiddie pool” last summer, the team will be more aggressive this July. But it almost certainly won’t go after a maximum-salary free agent. Put it this way: If the worst available free agent this summer would rate as a “1” and LeBron James would rate as a “10,” then the Magic likely will go after a 5 or a 6. Orlando Sentinel

April 20, 2014 Updates

The NBA has informed teams that it is projecting a rise in the salary cap of nearly $5 million for next season, which could aid clubs such as Chicago and Houston in their attempts to steal free agent-to-be Carmelo Anthony from the New York Knicks, according to sources familiar with the forecasts. ESPN.com

April 19, 2014 Updates

Regardless of how this series turns out for the Bobcats, what’s the upside for this team considering the salary cap room, the number of draft picks and securing a head coach in Steve Clifford? A: I would say the future is bright and I think it started with the Al Jefferson deal, a deal a lot of people questioned. He’s given them an anchor on their front line offensively, especially on a team that doesn’t shoot it well. I like Kemba Walker. I think he’s definitely a guy that he will be a guy you can rely on to be the starting point guard for many years to come. Charlotte Observer

April 18, 2014 Updates
March 14, 2014 Updates

The Celtics will have extensive salary cap space in the summer of 2015, but the organization hasn’t attracted a major free agent in his prime in more than 20 years. Grousbeck is confident that will change. “In my opinion, Kevin Garnett chose to come here,” he said. “Not technically a free agent, but it was a choice to come to Boston and he could have not come, not signed the extension. And that led to a championship. Kevin and Doc [Rivers] coming here and saying such great things about Boston definitely helps our recruiting position. “There’s money everywhere in the league now. The money is so big in the league that guys will get their money one way or another. The only difference is championship rings. I’ve got one on right now. When guys really want a ring, we think they’re going to look at us, look at Brad, look at our fans and our ownership support, and say this is a place they’ll consider.” Boston Globe

March 1, 2014 Updates
February 19, 2014 Updates
February 12, 2014 Updates

Hollins also revealed that he expects his old team to make a cost-cutting move before the deadline, because certain players are going to achieve bonus money that will move the Grizzlies above the luxury tax threshold. But sources told SheridanHoops that because Zach Randolph and Mike Conley did not make the All-Star team, Memphis will be about $900,000 below the tax threshold. That’s actually enough space to add a halfway-decent player into their empty 15th roster spot. SheridanHoops

January 26, 2014 Updates
January 11, 2014 Updates

MT: How much does the repeater tax penalty impact your thinking when considering the roster for this season and the coming two in particular? Kupchak: You have to be out of the luxury tax in two out of five years to avoid a repeater penalty. If we stay in the tax this season, it will be three consecutive seasons as taxpayers. Now, how that impacts future decisions depends on the mechanics of each deal. Like anything else, if there is a debt that you have to pay, you'd like to get it behind you as soon as possible. But ownership here has never been afraid to be in the tax. If you're $30 million over the tax as a repeater, that's a tax bill of about $130 million. But if you're in the tax and it's only $1 million over, it's around $2.5 million. So you’re still a repeater in the latter situation, but that’s a big difference. NBA.com

January 5, 2014 Updates

But it speaks volumes that the Lakers are even slowing down at this fork in the road, that they're considering a money dump of Gasol (owed $19.2 million this season but set to be a free agent this summer) because it would ease so much of that new-found luxury tax pain. There's no crime in this on the Lakers' part, of course, but it is undeniably the latest proof yet that no team outside of the Brooklyn Nets will be carefree about the harsh structure of the league's current collective bargaining agreement (and we've all seen how that's working out, so call it a moot point). By getting rid of Gasol in exchange for Bynum, the Lakers would escape the luxury tax territory this season while creating some badly-needed distance between them and the 'repeater' billing that is followed by such a huge, well, bill. Per rules of the labor agreement agreed upon in December 2011, teams that pay luxury tax in four out of five seasons pay a dollar more per dollar spent over the tax than tax-paying teams that don't (starting at a $2.50-for-$1 penalty for teams spending $4.9 million or less over the tax threshold). USA Today Sports

January 4, 2014 Updates

But if Nash missed the rest of the season, the Lakers would get back about $3 million of his $9.3-million salary. Bryant is much more likely to return than Nash, but the Lakers would pocket about $10 million if he missed the rest of the season. The medical rebates would not help the Lakers for salary cap or luxury tax purposes. The Lakers, of course, want Bryant and Nash to return. A team official said it was foolish to think medical money instead of victories at this point. Los Angeles Times

December 13, 2013 Updates

If Irving is voted an All-Star starter this season and next, he’ll be eligible to receive 30 percent of the salary cap in his next contract rather than the standard 25 percent. It’s what is known as the “Derrick Rose exception” in the new collective bargaining agreement, and it could mean the difference of an additional $15 million or so during the life of a max contract. In order to qualify for the Rose exception, players within their first four years in the league must either be named to an All-NBA team twice, win the league’s MVP award once or twice be voted a starter in the All-Star game. Akron Beacon Journal

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