Salary cap Rumors
“It’s one of the most important years to come for me. But at the end of the day, I’ll continue to do what I do best, and that’s working my butt off.” McLemore can become a free agent after the season. He’ll be restricted if the Kings make a qualifying offer rather than letting him leave as an unrestricted free agent. With the rising salary cap, players on their rookie deals such as McLemore are bargains. A qualifying offer for McLemore for the 2017-18 season will cost the Kings just $5.4 million.
Shooting guard J.R. Smith remains unsigned with training camp only two weeks away, but the Cleveland Cavaliers are poised to realize significant savings this coming season even after the expected re-signing of Smith. Even after re-upping LeBron James on a multi-year deal that will pay him a league-high $31 million in 2016-17 — and with Smith expected to command a salary in the $13-14 million range in the first year of a new deal — Cleveland’s luxury tax bill is on course to drop by an estimated 35 percent, according to ESPN calculations.