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Hornets salary cap situation


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#1 Omega Atrocity

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Posted 12 July 2014 - 07:00 PM

*
A WHOLE PIE!

I have referred to my personally made cap figures a few times so I figured I may as well go ahead and make a thread about this considering some people seem to have unrealistic expectations about our cap situation.

 

Here is our position breakdown as of right now. I am assuming Lance Stephenson (woot) signed for exactly $9,000,000 per, Marvin Williams' contract is a flat $7,000,000, Brian Roberts contract is the $2,750,000 or the RMLE, we cut Hopson who we got from Cleveland,  both our rookies sign for exactly 100% of the rookie scale (from realGM), and all of these contract figures are via HoopsHype.

 

Here are the salary cap figures released on the 10th after moratorium:

Cap floor: $56,759,000
Salary Cap: $63,100,000
Tax Line: $76,829,000
 

Positional breakdown (sorted by salary, not personal preference):

PG (3): Kemba Walker ($3,452,183) / Brian Roberts ($2,750,000 [RMLE]) / Jannero Pargo ($1,500,000)
SG (4): Lance Stephenson ($9,000,000) / Gerald Henderson ($6,000,000) / Gary Neal ($3,250,000) / PJ Hairston ($958,100)
SF (2): Michael Kidd-Gilchrist ($5,016,960) / Jeff Taylor ($915,243)
PF (3): Marvin Williams ($7,000,000) / Cody Zeller ($4,030,560) / Noah Vonleh ($2,103,500)
C (2): Al Jefferson ($13,500,000) / Bismack Biyumbo ($4,086,453)
 
And finally here is our own salary information:
Current salary: $60,812,999
Cash needed to hit floor: We passed the floor
Cap space: $2,287,001
 
A couple of notes:
1. We own the bird rights to Luke Ridnour, so theoretically we could go over the cap to sign him.
2. All of the space and total salary numbers were done by me and my calculator, so feel free to tell me of any mistakes you see.
3. Theoretically we can use the mid-level exception and bi-annual exception to sign players as well once we're over the cap.
 
Edit: Now includes signing of Roberts
Edit 2: I changed this to have Roberts at the room MLE
Edit 3: Added the Lance signing!
Edit 4: Added Pargo
 
I will update this thread as we sign any additional players.

Edited by Omega Atrocity, 18 July 2014 - 03:17 PM.


#2 CarolinaPanthers8789

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Posted 12 July 2014 - 07:02 PM

Well done.

I'd pie you multiple times if I could.

Also Proud, can we get this pinned?

Edited by CarolinaPanthers8789, 12 July 2014 - 07:02 PM.


#3 SuperJTheGreat

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Posted 12 July 2014 - 07:05 PM

And if this does indeed take us out for Lance. "Which it will not" But if it does. Cho's ass should be fired



#4 teeray

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Posted 12 July 2014 - 07:06 PM

Does this include 2.4 million we can open by cutting the dude from Cleveland?

#5 Omega Atrocity

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Posted 12 July 2014 - 07:07 PM

Does this include 2.4 million we can open by cutting the dude from Cleveland?

It does. This is updated as of the Williams signing.



#6 SuperJTheGreat

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Posted 12 July 2014 - 07:07 PM

So we can go over the cap up to 5 mill with the MLE that's our backup PG



#7 Omega Atrocity

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Posted 12 July 2014 - 07:07 PM

Well done.

I'd pie you multiple times if I could.

Also Proud, can we get this pinned?

Thank you sir. It took a little bit of work, but I enjoy working through the cap numbers for some reason.



#8 JJman

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Posted 12 July 2014 - 07:13 PM

Okay hold up.

Could we not back load a Stephenson contract? Theoretically (not saying we should) we sign him to a 4 yr 56 million dollar contract. We could go something like

Year 1 - 11,000,000
Year 2 - 14,500,000
Year 3 - 15,000,000
Year 4 - 15,500,000

Or is that not a possibility?

Edited by JJman, 12 July 2014 - 07:13 PM.


#9 Omega Atrocity

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Posted 12 July 2014 - 07:15 PM

Okay hold up.

Could we not back load a Stephenson contract? Theoretically (not saying we should) we sign him to a 4 yr 56 million dollar contract. We could go something like

Year 1 - 11,000,000
Year 2 - 14,500,000
Year 3 - 15,000,000
Year 4 - 15,500,000

Or is that not a possibility?

That is possible, but not very smart considering we will have to resign both Al and Kemba next year (though we will have the bird rights to both). Plus it would have to be lower than $11,000,000 in year one considering that would only leave us with about $1,500,000 to sign 2 PG's.



#10 WolfpackPantherMan

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Posted 12 July 2014 - 07:17 PM

And if this does indeed take us out for Lance. "Which it will not" But if it does. Cho's ass should be fired

 

Bonnell makes it sound like we're not even that interested.



#11 CPF4LIFE

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Posted 12 July 2014 - 07:19 PM

Whoever the backup PG is better be a damn good 3 point shooter.



#12 JJman

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Posted 12 July 2014 - 07:21 PM

That is possible, but not very smart considering we will have to resign both Al and Kemba next year (though we will have the bird rights to both). Plus it would have to be lower than $11,000,000 in year one considering that would only leave us with about $1,500,000 to sign 2 PG's.

Well we could bring Pargo back at minimum as our 3rd string or use the Bird rights on Ridnour. Use the 1.5 million to sign a backup. We could also attempt to move Neal or even Henderson (despite my support for him, if it's him or Born Ready, I chose Born Ready).

As for Walker/Jefferson. For one we have to decide if Walker is worth whatever he asks for. We could be in a similar spot that Phoenix is in with Eric Bledsoe. I don't think Jefferson will be much of a problem to resign honestly. The cap space he is taking up now could alone be almost enough to resign him.

#13 CarolinaPanthers8789

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Posted 12 July 2014 - 07:26 PM

Thank you sir. It took a little bit of work, but I enjoy working through the cap numbers for some reason.


Wanted to ask. Do we still own Tolliver's, CDR's, and Pargo's rights as well?

#14 SuperJTheGreat

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Posted 12 July 2014 - 07:29 PM

Hopefully we wise up and let Kemba walk if he ask for more than 7. Steph is coming



#15 Omega Atrocity

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Posted 12 July 2014 - 07:33 PM

Wanted to ask. Do we still own Tolliver's, CDR's, and Pargo's rights as well?

No to all of them. To own bird rights the player has to be under contract with you for 2 years consecutively (not necessarily the same contract) OR they transfer from an old team with a trade (hence why we have Ridnour's, he signed a 4 year deal back in 2010).




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