Cap & Lux Tax Figures

[Tommy Udo 6]

The National Basketball Association today announced that the Salary Cap for the 2009-10 season will be $57.7 million. The tax level for the 2009-10 season has been set at $69.92 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $69.92 million.

The 2008-09 Salary Cap was $58.68 million and the tax level was $71.15 million. Although league-wide revenue increased 2.5% this past season, the decrease in the Salary Cap and tax level for the 2009-10 season is the result of the formula used to set the Cap and tax under the terms of the collective bargaining agreement.

The new Salary Cap and tax level go into effect at 12:01 a.m. ET on Wednesday, July 8, when the league’s “moratorium period” ends and teams can begin signing free agents and making trades.

The mid-level exception is $5.854 million for the 2009-10 season and the minimum team salary, which is set at 75% of the Salary Cap, is $43.275 million.

Via Press Release

[Tommy Udo 6]

Bulls Salaries:

Brad Miller – $12,250,000

Luol Deng - $10,365,000

Kirk Hinrich - $9,500,000

Jerome James – $ 6,600,000

Tim Thomas – $6,466,600

John Salmons - $6,429,151

Derrick Rose - $5,184,480

Tyrus Thomas – $4,743,598

Joakim Noah – $2,445,680

TOTAL for 9 players above = $63,984,509

James Johnson - $1,594,080 (120% of rookie scale)

Ty Gibson - $1,039,800 (120% of rookie scale)

Aaron Gray – $1,000,497 (Qualifying Offer)

Anthony Roberson – $855,189 (Unguaranteed; Guaranteed date: July 10)

DeMarcus Nelson - $736,420 (Unguaranteed)

TOTAL for 14 players above = $69,210,495

We are UNDER Lux Tax but just barely........after we sign the 2 rookies & if we pick up the 3 non-guaranteed guys

[jump]

Haven't been keeping the numbers in my head, so I'm going to ask: Where does this put the Bulls? I know there's a smartypants out there who has the answers.

[basghetti80]

Thanks Tommy that luxury tax number of 69.92 is a little higher than I thought it would be. Tell me if this is right, counting Gray and not counting Roberson and Nelson I have us for 12 players at roughly $67.5

Rose,Hinrich
Salmons
Deng,Johnson
Tyrus,Gibson,Tim
Noah,Miller,Gray,James

That leaves us $2 million to use the 13th spot on a solid backup PG/SG who can shoot the 3. In this economic climate that should get us a pretty solid player, no?

[jump]

Thank you (in advance, I guess), TU6.

[Tommy Udo 6]

Thanks Tommy that luxury tax number of 69.92 is a little higher than I thought it would be. Tell me if this is right, counting Gray and not counting Roberson and Nelson I have us for 12 players at roughly $67.5

Rose,Hinrich
Salmons
Deng,Johnson
Tyrus,Gibson,Tim
Noah,Miller,Gray,James

That leaves us $2 million to use the 13th spot on a solid backup PG/SG who can shoot the 3. In this economic climate that should get us a pretty solid player, no?

Roberson must be waived by Friday or he becomes guaranteed. If he stays, we'll have about $1.2 mil to use on a 14th player!

[Red Larrivee]

Has a reason been given as to why Aaron Gray is wasting 1million on the roster?

[Scott May]

**** eh, Jerry and Partners. I'm gonna give the wife an extra shtuppin' tonight in your honor in recognition of a job well done.

[kyrv]

Thanks formerly bulls6.

[BrooklynBulls]

Has a reason been given as to why Aaron Gray is wasting 1million on the roster?

He's the prettiest cheerleader we've got, damnit.

[Magilla_Gorilla]

Has a reason been given as to why Aaron Gray is wasting 1million on the roster?

6 fouls? Experienced towel waver?

[Ctownbulls]

Has a reason been given as to why Aaron Gray is wasting 1million on the roster?

In other Aaron Gray news, I recently saw him in California.

[Tommy Udo 6]

Has a reason been given as to why Aaron Gray is wasting 1million on the roster?

No - and I was not a fan of that qualifying offer. We could use that salary to pay someone who is actually good at playing basketball.

[NSJ]

Never mind the players, Bulls M.V.P., the capologist guru who reports to Reinsdorque, I forgot his name. I think he was featured on Scott_May's avatar before Rushmore (this was on another forum). Missed it by that much...we're in the money! We're in the money!

[basghetti80]

Tommy with that being the case with Roberson shouldn't we just cut Roberson and use $2 million to get a really solid SG on a one year deal. Not sure who but Rodney Carney or Anthony Parker or someone along those lines would be great. I guess if we keep Roberson then you can get Pargo with the $1.2 million but with Pargo on board then Roberson is more useless than he is already. Contrary to others I am more than okay with Gray here for $1 million. The luxury tax number is higher than I expected so I feel good about that. He is a big strong 7 footer and as a 3rd string center is a nice player.