Salary cap Rumors
The drop was caused by the number of playoff games being fewer than expected, as the recent postseason was dominated by lopsided series that were shorter than anticipated. The salary cap is still increasing by about $5 million from last season, but it isn’t growing as much as previously expected. At one point, the NBA forecast this season’s cap to go as high as $108 million.
Gasol has decided to decline an option worth $16.2 million next season and become a free agent, league sources said Tuesday. His intention seems to be to negotiate a new long-term deal with the Spurs at a lower annual salary that could offer the team instant salary cap relief with which to lure additional free agents in July. Like the third-act plot twist of one of Gasol’s favorite operas, the decision comes as something as a surprise for a player set to turn 37 next month.
“LeBron can say he wants this, this and that, but somebody has to go out and do the work to get them,” said one rival team executive who did not want to be publicly identified talking about another club. “Acquiring players is hard. You only have so many resources, there’s cap limits, and you’ve got to know the right players to get. The guy has done a great job.”
With the Thunder possibly looking to get under the luxury tax, there is a chance the team releases Singler altogether and stretches the remaining $9.7 million guaranteed on his deal. (The final season of his contract is non-guaranteed.) In the case of Singler, specifically, that would mean waiving him, then spreading out his cap hit to $1.4 million a year over seven years. Singer gets ’18 and ’19 salaries, either way. Merely how the cap number is distributed changes.