Lux Tax at $69.9mm. League says prepare for $61mm next year

[Frank Nova]

okay so say we waive bowen, buy out kurt thomas and trade ridnour as a salary dump... In addition to those 3 moves, say the knicks or someone interested in Ramon throws a full 5 year deal at ramon and we decide not to match...

So now say we either use Ramons money to sign a free agent (Allen Iverson) or can we just use that saved money towards more cap room next offseason?

Sorry about the hypotheticals but this salary cap stuff gets confusing...

Does anyone think it may be a better option to go into next offseason with a boat load of cap room to try and land a legit star? Is that even an option? I know in the NFL if u go into a season with to much money left over on your salary cap u basically have to give some of it back to the league basically like a fine... Is the NBA like that?

and 1 more hypothetical lol, sorry... So back to the 3 moves mentioned plus Ramon leaving... we sign Ersan as well... do we now have room to offer 2 free agents mle deals? Because if that is a fact, could that be a solid option? I personally think so because as I mentioned in another thread, 2 players I think we should target are Allen Iverson and Brandon Bass, that solves our point guard problem with Ivy and Jennings and adds a solid 4man to our bigs rotation... Again, is that even an option or am I way off?

Please everyone take it easy with the bashing, Im just trying to figure out the options we have and curious to see if my personal ideas for this team are a real possibility...

KNIBB HIGH FOOTBALL RULES!!

[paul]

I just looked at the Knicks' salaries. LMAO at the money they are paying this season to some players who will not contribute anything towards a winning team.

Larry Hughes $13.6M
Eddy Curry $10.5M
Al Harrington $10.0M
Cuttino Mobley $9.5M
Darko Milicic $7.5M
Jared Jeffries $6.4M
Chris Duhon $6.0M

That's a whole lot of dead money, boys.

The Knicks without a couple of major moves shape up to be the worst team in basketball this coming season - likely handing Utah a top 3 pick in the draft. Man I'd love to get my hands on that pick.

They have all that dead weight that you mentioned and likely can't afford to bring back their best two players from last season, Lee and Robinson, well at least not Lee anyway. The are going to SUCK if Walsh can't pull a rabbit out of his hat.

[BDUB_30]

I just looked at the Knicks' salaries. LMAO at the money they are paying this season to some players who will not contribute anything towards a winning team.

Larry Hughes $13.6M
Eddy Curry $10.5M
Al Harrington $10.0M
Cuttino Mobley $9.5M
Darko Milicic $7.5M
Jared Jeffries $6.4M
Chris Duhon $6.0M

That's a whole lot of dead money, boys.

Wow .. they make us look like the blazers .

[trwi7]

Teams are still spending money it seems. Raps just extended Bargnani

5/$50M. Boguts' contract just keeps looking better and better.

From the Raptors board.

Good signing. Bogut got 5/60 just a year ago and Bargs should be better.

Everybody over there loves that deal.

[lawrybeard]

Yeah - I had a look as well. They all seem to think they got a steal. 5 page thread and only 1 guy thinks they overpaid...

[aboveAverage]

Some would say that paying a 11/10 center 60 million is overpaying too, but we all wear rose colored glasses from time to time

[emunney]

Here's what I have:

Michael Redd $17,040,000
Andrew Bogut $10,000,000
Dan Gadzuric $6,749,260
Luke Ridnour $6,500,000
Amir Johnson $3,941,667
Bruce Bowen $4,100,000
Kurt Thomas $3,800,000
Charlie Bell $3,602,960
Joe Alexander $2,583,360
Francisco Elson $1,700,000
Malik Allen $1,300,000
Salim $884,881
Luc $736,420

Which adds to $62,938,548

-2.44244 for Salim and Bowen = $60,496,108 (assuming that Salim is 50% guaranteed)

+ Jennings at 120% (2,168,520) = $62,664,628

+ Meeks at 457,588 = $63,122,216

Most of these figures are through shamsports, Jennings I calculated with this link:
http://www.hoopsworld.com/Story.asp?story_id=9301

Meeks according to this: http://www.insidehoops.com/minimum-nba-salary.shtml

[paul]

Some would say that paying a 11/10 center 60 million is overpaying too, but we all wear rose colored glasses from time to time

I guess it depends on who you prefer. A bad defending, pathetic rebounding, volume scoring 7 footer who spends the majority of his time 15 feet from the bucket or an excellent defending, high efficiency but lower scoring, excellent rebounding 7 footer who both attacks and defends the rim.

Bargs is essentially CV with slightly better defense and much worse rebounding.

[pilprin]

I like Bogut's deal better...unless he keeps getting hurt. Then Barg's deal is better.

[paulpressey25]

Some would say that paying a 11/10 center 60 million is overpaying too, but we all wear rose colored glasses from time to time

Exactly. I remember when Bogut signed his deal a year ago. Every other team board on here had a thread where the majority of the posters were mocking it.

[europa]

Some would say that paying a 11/10 center 60 million is overpaying too, but we all wear rose colored glasses from time to time

Exactly. I remember when Bogut signed his deal a year ago. Every other team board on here had a thread where the majority of the posters were mocking it.

And they were wrong. See how easy it is?

[paul]

Some would say that paying a 11/10 center 60 million is overpaying too, but we all wear rose colored glasses from time to time

Exactly. I remember when Bogut signed his deal a year ago. Every other team board on here had a thread where the majority of the posters were mocking it.

Not for nothing but Bogut was a 14.5/10 center when we paid him that amount too. I know how you guys just love your stats.

[emunney]

With paul's info that it's 69.92, we should have 6,797,784 under the threshold. Looks like the MLE is 5.854m.

[GrandAdmiralDan]

Just reported by Bucher

ETA: Actual numbers:

Cap - $57.7m
Lux threshold - $69.92m
MLE - $5.854

Hmm.
BRI was lower than my projection.
I had the salary cap projected at $58.2 mil with a $70.5 mil lux tax threshold. Pretty close, but even so that additional $580k of breathing room would have been HUGE.

I nailed that average salary number though. I had that projected at $5.87 mil way back in February.

That was obviously infinitely easier to do than projecting BRI, but then again our GM was under the impression that number would be going down closer to $5 mil, so hopefully he isn't too shocked by that

[aboveAverage]

Some would say that paying a 11/10 center 60 million is overpaying too, but we all wear rose colored glasses from time to time

Exactly. I remember when Bogut signed his deal a year ago. Every other team board on here had a thread where the majority of the posters were mocking it.

Not for nothing but Bogut was a 14.5/10 center when we paid him that amount too. I know how you guys just love your stats.

I know, I'm just playing devil's advocate . I like Bogut's deal

[paulpressey25]

And they were wrong. See how easy it is?

I'd rather have Bogut for 5/$60 than Bargs at 5/$50. No question there. But if we are going to use insanity as a defense, Bogut's deal also looks fabulous compared to the money Eddy Curry and Gadz got just to name a few other massively overpaid bigs.

The guy who had it right on this was Rod Thorn who had the guts to S&T Kenyon Martin for all those draft picks rather than pay him $80 million.

[europa]

I think when you take a look at the money being paid to inferior players this summer, the deal Bogut got looks damn good. As Ty has written, that deal could end up being a bargain.

[paul]

And they were wrong. See how easy it is?

I'd rather have Bogut for 5/$60 than Bargs at 5/$50. No question there. But if we are going to use insanity as a defense, Bogut's deal also looks fabulous compared to the money Eddy Curry and Gadz got just to name a few other massively overpaid bigs.

The guy who had it right on this was Rod Thorn who had the guts to S&T Kenyon Martin for all those draft picks rather than pay him $80 million.

Sure, but Hammond wouldn't have paid Bogut $80m either Press.

[Joana]

Here's what I have:

Michael Redd $17,040,000
Andrew Bogut $10,000,000
Dan Gadzuric $6,749,260
Luke Ridnour $6,500,000
Amir Johnson $4,216,667
Bruce Bowen $4,100,000
Kurt Thomas $3,800,000
Charlie Bell $3,602,960
Joe Alexander $2,583,360
Francisco Elson $1,700,000
Malik Allen $1,300,000
Salim $884,881
Luc $736,420

Which adds to $63,213,548

-2.44244 for Salim and Bowen = $60,771,108 (assuming that Salim is 50% guaranteed)

+ Jennings at 120% (2,168,520) = $62,939,628

+ Meeks at 457,588 = $63,397,216

Most of these figures are through shamsports, Jennings I calculated with this link:
http://www.hoopsworld.com/Story.asp?story_id=9301

Meeks according to this: http://www.insidehoops.com/minimum-nba-salary.shtml

Yeps. I'd assume Meeks will negotiate a bigger salary than the minimum and I think only half of Bowen's trade kick amount is guaranteed, but that's peanuts.

[paul]

With paul's info that it's 69.92, we should have 6,522,784 under the threshold. Looks like the MLE is 5.854m.

So say Ramon signs at MLE level that leaves us $700k under (I think it's shaping up that we'll be able to get Ramon for closer to $4m first year, but I'll be conservative). Hammond therefore has to clear just over $5m to use the MLE if he chooses to.

I don't think it's all that significant at the moment given I think there are still moves that will be made in the coming weeks, but it's good to stay on top of it.