EventHorizon wrote:2008/2009 Salaries, Cap, Luxury tax Threshold and MLE
Jermaine O'Neal $21,352,500
Chris Bosh $14,410,581
Jose Calderon $9,000,000 ??? (estimate)
Jason Kapono $5,784,480
Andrea Bargnani $5,176,440
Anthony Parker $4,550,000
Kris Humphries $3,200,000
Joey Graham $2,449,184
Roko Ukic $1,500,000 (estimate)
Hassan Adams $711,517
Jamario Moon $711,517
Nathan Jawai $442,114 (not counted towards luxury tax)
(Jorge Garbajosa) ($2,000,000) (estimate)
Approximate Salary Total: $68,456,219*If Garbajosa is signed to a contract in Europe, our cap hit will be decreased by one-half the difference between the player's new salary and the minimum salary for a one-year veteran.
2008/2009 NBA Salary Cap: $58,680,000 2008/2009 NBA Luxury Tax Threshold: $71,150,000 2008/2009 MLE : $5,850,000
Funds Permitted for Raptors Use:
$1,173
???
I will update this thread when actual NBA values are released in early July, or IF trades happen and new players come in or existing exit.
Sources:
http://sports.espn.go.com/nba/news/story?id=2932279http://sports.espn.go.com/nba/news/story?id=2516704http://hoopshype.com/salaries/toronto.htmhttp://hoopshype.com/salaries/indiana.htmhttp://en.wikipedia.org/wiki/NBA_Salary_Cap
The total salaries for luxury cap purposes needs to be updated/corrected. Even by your own records the numbers you've supplied don't add up to what you're saying (total salaries of $68,456,219). By my rocket-science math, they equal $71,288,333.
Your numbers:
$21,352,500
$14,410,581
$9,000,000
$5,784,480
$5,176,440
$4,550,000
$3,200,000
$2,449,184
$1,500,000
$711,517
$711,517
$442,114
$2,000,000
My math :
Total $71,288,333 (not $68,456,219)
But even then I disagree with some of the individual salaries to varying degrees. Although, at the end of the day, mostly inconsequentially I suppose as where my numbers are higher for some players (Garbo) yours are higher for others (like Calderon) so they mostly come out in the wash - save for actually summing them up correctly.
My numbers:
Chris Bosh..............$14,410,581
Jermaine O'Neal.......$21,372,000
Andrea Bargnani.......$5,176,440
Anthony Parker........$4,550,000
Jorge Garbajosa*......$4,250,000
Kris Humphries.........$3,100,000
Jose Calderon****......$6,314,000
Joey Graham............$2,449,184
Jamario Moon..........$711,517
Nathan Jawai...........$442,114
Jason Kapono..........$5,784,480
Roko Ukic**.............$1,500,000
Hassan Adams..........$711,517
Carlos Delfino***
Total: $70,771,833 - $2,000,000 (Garbo buyout)
= $68,771,833
* I'm not aware (and am highly skeptical of) any arrangement whereby Garbajosa's salary is reduced further if he signs with another team outside of the NBA. What if he signed a deal as a used car salesman and he sold 4 Porsches in his first year? Would his luxury tax hit be reduced by the amount HE made or the retail price of the car?
I'm also of the belief that only a couple of million of luxury tax relief was gained by his buyout. Being that his salary for luxury tax purposes is actually closer to $2.5 million. But I'll meet you in the middle. Let's say he only hit's us for $2.25 million toward the luxury cap.
** I'm assuming for the sake of oranges and apples that Ukic is signed for the same amount that you've assumed. Seems fair to me. Would obviously be happy if it turns out he's paid closer to the minimum, but considering the contracts available in Europe, I'd think $1.5 is about right.
***The cap hold on Delfino only applies to the salary cap (i.e. would prevent us from signing UNDER the cap if we were otherwise under the cap by his salary factored by, IIRC, 150%) so it's irrelevant for purposes of comparison to the luxury cap.
**** In the case of Calderon, the most optimistic guess at his salary for this year would be $40 million over 5 years total, but max increases every year so that THIS year is the lowest possible salary ($6,314,000 at 8% raises each year would net him $40 million).
With a luxury cap of $71,150,000 I think we'd be looking at having $2,378,167 to spend without going over the luxury threshold. If Calderon is actually making closer to $8 million this year, that'd mean we'd actually have closer to $692,167. However, if Calderon isn't getting what I've projected this year and it's actually somewhere in between $6.314 and $8 million, like, say $7.5 million, we'd have around $1,192,167 to spend without entering luxury tax territory.
That could be two minimum salary players (Lucas and Benson?) or one veteran with up to 9 years experience (minimum salary for a nine year vet next year is $1,147,533), or some combination in between.