 NBA Salary Cap Decreases to $57.7 Million |
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 Jul 7 2009, 11:01 PM
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#1
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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 7 2009, 11:40 PM
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#2
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6th Man Group: Members Posts: 585 Joined: 3-May 09 Member No.: 1,947 |
DAMN!
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Jul 8 2009, 09:58 AM
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#3
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Superstar Group: Administrator Posts: 3,914 Joined: 13-March 06 Member No.: 23 |
Not as big of a decline as I was fearing.
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Jul 8 2009, 01:49 PM
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#4
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Superstar Group: Administrator Posts: 3,914 Joined: 13-March 06 Member No.: 23 |
Good and useful info here.
QUOTE 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. QUOTE Bulls Salaries: The Bulls, therefore, have virtually zero room under the luxury tax threshold without moving an additional player. They could potentially sign someone as a 15th man with a very limited contract and still stay under the tax figure.
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 |
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Jul 8 2009, 01:54 PM
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#5
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Superstar Group: Administrator Posts: 3,914 Joined: 13-March 06 Member No.: 23 |
Memo: cap level could plummet next year.
QUOTE The NBA's ballyhooed free-agent summer of 2010 might have quietly taken another hit late Tuesday night. If the cap drops that far, I don't think the Bulls can offer a max deal even with renouncing Tyrus. They may still need to move Hinrich/Deng to do that or have Salmons opt-out (IIRC he does have that option)
In a memo announcing next season's salary cap and luxury-tax threshold, sent out shortly before the league's annual July moratorium on signings and trades was lifted at 12:01 a.m. ET Wednesday, NBA teams also received tentative projections from the league warning that the cap is estimated to drop to somewhere between $50.4 million and $53.6 million for the 2010-11 season. The official league memorandum, obtained by ESPN.com, forecasts a dip in basketball-related income in the 2009-10 season of 2.5 percent to 5 percent, which threatens to take the 2010-11 cap down some $5 million to $8 million from last season's $58.7 million salary cap. |
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Jul 8 2009, 03:40 PM
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#6
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Superstar Group: Members Posts: 3,150 Joined: 20-March 06 Member No.: 73 |
So basically we can't sign anybody of significance come next offseason if the team stays as is? great...
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Jul 8 2009, 04:50 PM
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#7
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Superstar Group: Administrator Posts: 3,914 Joined: 13-March 06 Member No.: 23 |
QUOTE (Chicago Bulls Franchise @ Jul 8 2009, 02:40 PM)  So basically we can't sign anybody of significance come next offseason if the team stays as is? great... If we offer everyone the qualifying offer, we're at 6 players under contract in 2011 for $35.55 million. Add in $1 million each for the rookies from this year's draft and presumably a cap hold for a rookie from next year's draft and we're on the order of $37-39 million. If the cap declines to $50 million, that means we'd be really borderline on offering a max deal if we rescinded Tyrus's $6.2 million qualifying offer next year. |
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Jul 8 2009, 07:07 PM
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#8
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6th Man Group: Members Posts: 585 Joined: 3-May 09 Member No.: 1,947 |
Deal Hinrich and let Tyrus walk (if we don't deal him before hand)...we'll be in good shape.
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Jul 9 2009, 09:59 AM
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#9
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Superstar Group: Administrator Posts: 3,914 Joined: 13-March 06 Member No.: 23 |
QUOTE (rockren @ Jul 8 2009, 06:07 PM) Deal Hinrich and let Tyrus walk (if we don't deal him before hand)...we'll be in good shape. Depending on what you deal Hinrich for you can potentially clear enough space to keep TT on the Q.O. and still offer a max deal. |
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