Salary cap Rumors
Albert Nahmad: Hawks trade of Mo Williams and $650K in cash to the Nuggets in exchange for the draft rights to Cenk Akyol is now official. Hawks, w/ Mo Williams trade, save $434K, get $2.2M trade exception, and free up roster spot (which they’ll use to sign Gary Neal to 10-day). Nuggets moved to $7.7M below salary floor by taking on Williams’ $2.2M salary; they’ll owe $1.1M. Total savings: $1.1M + $650K cash = $1.8M.
Albert Nahmad: Per @ESPNSteinLine: Wolves center Nikola Pekovic is “more prepared for ending my career than returning” to the NBA. Wolves would be eligible to be reimbursed $18.0M of Pekovic’s $23.7M cumulative salary for 2016-17 and 2017-18 if he doesn’t play again. Wolves could apply to have Nikola Pekovic’s cap hits — $12.1M for 2016-17, $11.6M for 2017-18 — removed from team salary on Jan. 31, 2017.