Salary cap Rumors
September is a few days away and the Wolves still have four roster spots to fill. A few of those could be filled shortly. In a radio appearance Monday with Chad Hartman on WCCO-830 AM, Thibodeau said something “absolutely” should happen within the next two weeks. Minnesota is pressed up against the salary cap and only has minimum salaries to offer. Thibideau said the Timberwolves have “some offers” out to players who are assessing their options. He said there are players available who have played roles, and even started, in the NBA.
However, the salary cap may not rise next season, likely leading to a depressed free agency market that may prove difficult for any player to garner max offers. Several Mavericks teammates believe Noel should have taken the original offer. “They think he should of taken the [$17 million],” one source close to the team told me. “That’s a good number for him. But if he’s willing to risk it and bet on himself, you can’t knock someone looking for their first big bag of money.”
Bobby Marks: Charlotte is now $3.3M under the luxury tax after the Briante Weber waiver. The contract for Weber would have been guaranteed if not waived by August 1. The Hornets now have 11 guaranteed and 2 non-guaranteed contracts.
Bobby Marks: Portland will see their current luxury tax bill drop from $48.3M to $4.4M with the Allen Crabbe trade to Brooklyn. The Trail Blazers now have $122.2M in salary and are $2.9M below the luxury tax. The Trail Blazers currently project to save $60M in salary and taxes for 2017-18.
Bobby Marks: Brooklyn is now $3.5M (or at the cap when you factor in the $3M Randy Foye hold) under the salary cap after the acquisition of Allen Crabbe. The contract of Crabbe is $19.3M, $18.5M and a player option of $18.5M in 2019-20. The Nets still project to have $18M in room next summer and could increase to $30M if Jeremy Lin opts-out of his $12.5M contract.
But the playoffs weren’t what the league and union needed to make more money: long. This year’s postseason produced only 79 out of a potential 105 games, with eight of the 15 playoff series going five games or less, and only two series going a full seven games. The resulting drop in revenues from all those series ending early further lowered the 2017-18 cap. Instead of $102 million, the cap for ’17-’18 was reduced to $99 million. That shortfall of $8 million from what was originally anticipated has squeezed a lot of this summer’s free agents. “The sweeps killed us,” said an official involved in negotiations between the league and the union.