Cap Space

[Jack Strop]

Can someone go over the cap space situation?

I'm probably wrong as I'm not a cap expert, but here is what I calculated (approximations). Would appreciate a person with better knowledge correcting me.

1. Jazz currently have ~$13M (until July 1st). Diaw's non-guaranteed deal means they can effectively give a team $20M in cap relief right now.

2. If Hayward leaves, Utah could get down to about $68M by renouncing all FA's and not picking up Diaw's contract. Could they spend up to the cap and then use their exceptions, or are those only for teams over the cap?

3. If Hayward wants to stay, Jazz could get down to about $83M before he officially signs. That's 9 players, cap holds for the 2 1st round picks and 2 minimum players. Jazz would be renouncing Hill, Mack, Ingles, Withey and not picking up Diaw. It would mean losing Ingles, but would a shooter be available for $15M?

 

[Elizah Huge]

Can someone go over the cap space situation?

I may be wrong, but here is what I show (approximations)

1. Jazz currently have ~$13M (until July 1st). Diaw's non-guaranteed deal means they can effectively give a team $20M in cap relief right now.

2. If Hayward leaves, Utah could get down to about $68M by renouncing all FA's and not picking up Diaw's contract. Could they spend up to the cap and then use their exceptions, or are those only for teams over the cap?

3. If Hayward wants to stay, Jazz could get down to about $83M before he officially signs. That's 9 players, cap holds for the 2 1st round picks and 2 minimum players. Jazz would be renouncing Hill, Mack, Ingles, Withey and not picking up Diaw. It would mean losing Ingles, but would a shooter be available for $15M?

We actually should have around $14.4M in cap space due to saving $1.4M in the draft day trade yesterday.


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[Jack Strop]

So overall conclusion is Dennis Lindsey really needs to strike a deal (or two) now. He'll never have as much money to deal.

 

[Jack Strop]

We actually should have around $14.4M in cap space due to saving $1.4M in the draft day trade yesterday.


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Thanks. I was looking at cap holds, which don't get applied until July 1st. I didn't know if Lyles' salary came off the 2016 amount. The rules are fuzzy to me from draft day - July 1st.

 

[Ferguson_Mellochill]

I think the Jazz will be wiling to go over the cap to retain Hayward and Ingles. I think they want to bring in a starting PG for around $14M - $16M in free agency if a suitable trade doesn't present itself. I also think they want to bring in a combo-forward if they can, but this may have to be done via a trade (Favors or possibly Hood) once they know if they're retaining Hayward. I think they were very intentional about offering Lyles to the Nuggets and would bring in a Marvin Williams, Rudy Gay or the like if they can make that move in free agency, while trading for a guard.

 

[Cappy_Smurf]

Could they spend up to the cap and then use their exceptions, or are those only for teams over the cap?

?

You either have cap space or you use exceptions. Can't do both, other than the Room exception which is something they give to teams who are just a little under the cap.

In fact, if you end up 3 million under the cap, for league purposes they add your exceptions, and they consider you over the cap. So even if you are a few million under the cap, you are considered over the cap and treated as such.

 

[Cappy_Smurf]

I think the Jazz will be wiling to go over the cap to retain Hayward and Ingles..

Huh?

Are you talking about the tax? There shouldn't be any question about the willingness to go over the cap.

 

[Elizah Huge]

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[stitches]

3. If Hayward wants to stay, Jazz could get down to about $83M before he officially signs. That's 9 players, cap holds for the 2 1st round picks and 2 minimum players. Jazz would be renouncing Hill, Mack, Ingles, Withey and not picking up Diaw. It would mean losing Ingles, but would a shooter be available for $15M?

Hayward's hold for next year right now is his salary for next year(the opt in year, which he will NOT opt into). He will opt out soon(before july 1st), so his caphold will become around 24M. This is BEFORE he signs his contract, which would be 30M.

Gobert 21.5
Hayward 24
JJ 10.5
Burks 11
Favors 12
Exum 5
Hood 2.5
Mitchell 2.5
Bradley 1.5
min contract 0.81
min contract 0.81
min contract 0.81
--------------
~93M

This is with us renouncing everybody you listed. This is 6M under the cap. Renouncing Hill and Jingles does nothing for us.

 

[colton]

We actually should have around $14.4M in cap space due to saving $1.4M in the draft day trade yesterday.


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I think you're neglecting the one additional cap hold the trade requires (we sent out two players and took back only one). Seems like I read that is around $800K, so the jazz only saved around $600K in cap space from the trade. (I could be misremembering of course.)

 

[Elizah Huge]

I think you're neglecting the one additional cap hold the trade requires (we sent out two players and took back only one). Seems like I read that is around $800K, so the jazz only saved around $600K in cap space from the trade. (I could be misremembering of course.)

[TWEET]878055730670059521[/TWEET]

https://mobile.twitter.com/danclayt0n/status/878055730670059521

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[LoPo]

This is a good illustration of what we can afford. If you packaged Diaw's non-guaranteed contract with our cap space, we could take over $20 million in contracts: http://www.espn.com/nba/tradeMachine?tradeId=y8puzko2

Our $14 million in space is one of the biggest assets in the NBA. But it expires July 1....

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[colton]

[TWEET]878055730670059521[/TWEET]

https://mobile.twitter.com/danclayt0n/status/878055730670059521

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Yeah, well I think he's wrong. You know that's our own former poster "the NBA nerd", right? He's very good with numbers but not infallible. If you use Twitter (I don't) you should try tweeting him to ask about the cap hold on the other roster spot that was freed up in the trade.

 

[Elizah Huge]

Yeah, well I think he's wrong. You know that's our own former poster "the NBA nerd", right? He's very good with numbers but not infallible. If you use Twitter (I don't) you should try tweeting him to ask about the cap hold on the other roster spot that was freed up in the trade.

I didn't know that and I'm not taking what he says as gospel. Using what you are saying, say we only freed up $600k from the trade. We're actually $13.6M under the cap.

$13.6M + $600k = $14.2M

Back to my original point we have even more cap space now.


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[Jack Strop]

I didn't know that and I'm not taking what he says as gospel. Using what you are saying, say we only freed up $600k from the trade. We're actually $13.6M under the cap.

$13.6M + $600k = $14.2M

Back to my original point we have even more cap space now.


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Aren't we mixing 2016/17 with 2017/18.

Not sure what the rules are, but would the trade affect ending cap for 2016/17 or just the 2017/18 amounts that will be set on July 1st?

For the upcoming season, don't you take the highest 13 contracts, inclusive of any 1st rd picks and cap holds for FA's and add the exceptions? Prior year is just the sum of all player contracts, whether that's 13 or 15 players on the roster.

Jazz had 15 players at season's end. Deduct Lyles in the trade, but I don't know if you'd add Mitchell's projected contract to the 2016/17 amount. If the Jazz can use any existing cap room in trades prior to July 1st, then it seems like Lyles' contract should be replaced with a minimum salary, or the trade have no effect to 2016/17 cap space.

In any case, leave it to the experts in the Jazz org. And for argument's sake, just say Utah has about $20.5M-$21M in cap relief they could trade (cap space + Diaw's deal)