NBA salary cap set, $55.63 million |
NBA salary cap set, $55.63 million |
Jul 11 2007, 07:06 AM
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#1
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All-Star Group: Administrator Posts: 2,568 Joined: 13-March 06 From: Michigan City, IN Member No.: 21 |
http://www.msnbc.msn.com/id/19702614/from/RS.3/
QUOTE NEW YORK (AP) -The NBA set next season's salary cap at $55.63 million Tuesday, paving the way for teams to begin signing free agents.
The new cap goes into effect Wednesday, when the league's moratorium period ends and trades can be made. Teams have been allowed to negotiate with free agents since July 1, but the deals couldn't be completed until the new cap was determined. The salary cap will rise about $2.5 million from last season's $53.135 million figure. Also, the mid-level exception is rising from $5.2 million to $5.36 million, and the tax level is $67.87 million, up from $65.42 million. Teams will have to pay a $1 tax for every $1 they exceed that figure by. The minimum team salary is $41.72 million, 75 percent of the salary cap. |
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Jul 11 2007, 08:12 AM
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#2
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I'm fresh. Group: Administrator Posts: 1,300 Joined: 4-May 06 From: Lombard, IL Member No.: 131 |
Can't argue with having more elbow room...
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Jul 11 2007, 12:55 PM
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#3
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Leading Scorer Group: Members Posts: 1,285 Joined: 5-July 06 Member No.: 193 |
That extra $2.45 million is huge for the Bulls. If they can get it to go up that much more into the 2008-09 season they should have relatively no problem re-signing Deng and Gordon to $10+ million a year contracts.
2008-09 Wallace $14.5 Kirk $10 Tyrus $3.75 Nocioni $7.0-8.5 (depending on how his contract is structured) Thabo $1.9 Gordon $10 (with an escalating contract) Deng $12 (with an escalating contract) Noah $2.5+ = $61.65-63.15 leaving us anywhere from $4.72- $6.22 to work with for 7 players before we go over the luxury amount. Curry & Gray will probably only make the minimum around $700-800K so that leaves anywhere from $3.32 - $5.62 for the other 5 players. The problem really comes after the 2009-2010 season. It will be during that summer that the Bulls have to start thinking about re-sign Tyrus and Thabo assuming they both stay and are not traded. Otherwise they will become unrestricted the next year. The Bulls will also have to worry about re-signing Noah one year after that. The question becomes, will Tyrus/Thabo/&Noah cost more than Wallace whose $14 million comes off the books that year. If Tyrus gets significantly better, the answer is for sure Yes. Tyrus will command a $10+ million contract if he improves and if he significantly improves to an all-star level he will command $15+ million. Tyrus/Thabo/& Noah combined could easily add up to more than $25-30 million depending on how much each player improves in the next 3 years. However, at that point hopefully at least one championship has come our way and the boss will have no problem paying everyone. |
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Jul 11 2007, 01:27 PM
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#4
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I'm fresh. Group: Administrator Posts: 1,300 Joined: 4-May 06 From: Lombard, IL Member No.: 131 |
I really don't thing Gordon will be around still in 2009-2010... he's worth too much to us traded to still be here.
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Jul 11 2007, 01:30 PM
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#5
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Leading Scorer Group: Members Posts: 1,285 Joined: 5-July 06 Member No.: 193 |
I really don't thing Gordon will be around still in 2009-2010... he's worth too much to us traded to still be here. With that kind of talking I don't think you'll still be my friend in 2009-2010 yet alone 2008. Just kidding buddy. Anyway, you could very well be right. However, without obtaining a star player in return I don't think Paxson is letting Gordon go anywhere. That means he's staying a Bull. |
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Jul 11 2007, 01:42 PM
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#6
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All-Star Group: Administrator Posts: 2,568 Joined: 13-March 06 From: Michigan City, IN Member No.: 21 |
With that kind of talking I don't think you'll still be my friend in 2009-2010 yet alone 2008. Just kidding buddy. Anyway, you could very well be right. However, without obtaining a star player in return I don't think Paxson is letting Gordon go anywhere. That means he's staying a Bull. Yeah, if BG isn't here, that means we got a scoring big man instead, because that is the only way Ben leaves Chicago. And to be honest, if that happens, I will help Ben pack and drive him to O'Hare. |
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Jul 11 2007, 09:31 PM
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#7
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Superstar Group: Administrator Posts: 3,736 Joined: 12-March 06 From: Chicago, IL Member No.: 12 |
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Jul 12 2007, 11:15 AM
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#8
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All-Star Group: Administrator Posts: 2,149 Joined: 12-March 06 Member No.: 3 |
I really don't thing Gordon will be around still in 2009-2010... he's worth too much to us traded to still be here. I tend to agree with you. The problem is he will stlil be one of those base year type players when he gets his extension so it will be tough to trade him for guys of equal value. However, once that base year is gone the Bulls will have the option of moving him for a bigger name player without having to give up a lot of fillers or additional guys due to cap restraints. Still I think I recall Pax wanting to make sure his squad is in position to be able to go after Lebron when his contract runs out (a lot of teams in the NBA are going to do this). |
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Jul 12 2007, 12:25 PM
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#9
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Starter Group: Forum Moderator Posts: 994 Joined: 23-March 06 From: Atlanta Member No.: 84 |
Still I think I recall Pax wanting to make sure his squad is in position to be able to go after Lebron when his contract runs out (a lot of teams in the NBA are going to do this). Isn't Ben Wallace's contract coming off the books the same year LeBron is a free agent? Or is it a year later? |
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Jul 12 2007, 12:26 PM
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#10
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All-Star Group: Administrator Posts: 2,704 Joined: 14-March 06 Member No.: 43 |
I tend to agree with you. The problem is he will stlil be one of those base year type players when he gets his extension so it will be tough to trade him for guys of equal value. However, once that base year is gone the Bulls will have the option of moving him for a bigger name player without having to give up a lot of fillers or additional guys due to cap restraints. Still I think I recall Pax wanting to make sure his squad is in position to be able to go after Lebron when his contract runs out (a lot of teams in the NBA are going to do this). Not just Lebron, possibly Wade or Bosh too. It's conceivable (some would say probable) that the teams of those first two will keep getting worse between now and then, and by then Bosh might want out of Toronto (though I don't see them getting significantly worse, being stuck up in Canada might not be high on his list). |
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Jul 12 2007, 05:24 PM
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#11
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Leading Scorer Group: Members Posts: 1,047 Joined: 12-March 06 Member No.: 4 |
The salary cap means jack spiff in terms of signing Gordon and Deng
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