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NBA Free Agency Moves in General (related to the Jazz, but not just moves made by the Jazz)

Serge stays in Toronto for 3 yr/$65 million.

Taj Gibson to Minnesota on a 2 yr/$28 million deal.
 
White Chocolate said:
Ingles only has a $4.18M cap hold.


Sent from my iPhone using JazzFanz mobile app
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Until this summer, I thought I knew exactly how cap holds work. The couple of sites I use show Utah has cap holds in place for Hill, Withey, Mack and the two 1st round picks, but not for Hayward. Spotrac has now updated their cap/cap hold numbers to show Ingles at $11.6M. I think the Ingles signing now counts against the cap, although the contract isn't officially in force until July 6th.

Spotrac site, which I've found updates the fastest, now shows Utah with $98.8m in salary and $25.3m in holds. Salary included Diaw at $7.5M. And the holds which likely come off the books at some point (Withey, Mack, Hill) total $21.3M.


2017-18 Utah Jazz Salary Cap Totals

The Jazz are currently over the league salary cap. This means Cap Holds & Exceptions are NOT included in their Total Cap Allocations, and renouncing these figures will not afford them any cap space. The team may only sign outside players using any available exceptions or at league minimum salaries.
Cap Type Cap Total
Active Contracts $98,845,610
Cap Holds $25,330,917
Total Cap Allocations $124,176,527
2017 NBA Salary Cap Max $99,093,000
Cap Max Space $-25,083,527
Practical Cap Space $247,390
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MDAV28 said:
I think we would only have about $7 million in space if we didn't guarantee Diaw and Neto and moved Burks without taking money back.
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We could just offer MLE.
 
Jack Strop said:
I think moving Burks is the key here. What would a team charge to make that happen? Philly is no longer the "dump player x and give us a 2nd round pick" team.
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Moving Burks doesn't give us THAT much more room. It's like a 2-3 million difference considering we could still sign somebody to the Taxpayer Mid-Level Exception. Moving Burks contract WILL be crucial for next offseason though when we have Favors, Hood and Exum up for new deals.
 
Jack Strop said:
I think moving Burks is the key here. What would a team charge to make that happen? Philly is no longer the "dump player x and give us a 2nd round pick" team.
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We would still only have the MLE if we dump Burks. If you mean so we don't have to pay luxury tax then we have awhile until we have to worry about that. We can trade Burks at the trade deadline and still be okay. Hopefully he is healthy and plays decent, then he might be worth something or at least not have to pay to dump him.
 
I have a feeling the Jazz may have closed the door on George Hill more so than the other way around.

Hill probably wanted more negotiation but obviously it'll have to be less than the original offer - Hill fires his agent.
 
Jack Strop said:
Until this summer, I thought I knew exactly how cap holds work. The couple of sites I use show Utah has cap holds in place for Hill, Withey, Mack and the two 1st round picks, but not for Hayward. Spotrac has now updated their cap/cap hold numbers to show Ingles at $11.6M. I think the Ingles signing now counts against the cap, although the contract isn't officially in force until July 6th.

Spotrac site, which I've found updates the fastest, now shows Utah with $98.8m in salary and $25.3m in holds. Salary included Diaw at $7.5M. And the holds which likely come off the books at some point (Withey, Mack, Hill) total $21.3M.
Click to expand...
As of right now, every deal is only agreed upon in principle. What order teams do things depends on what else they have up theirs sleeves. Cap holds are in place until one of 3 things happens: A.) the team signs the player to a new contract, B.) the team renounces their cap hold for that player or C.) the player signs a new contract with a different team.

For all intents and purposes, Jingles cap hold should be the $4 million figure until he officially signs that new contract. The Jazz will have cap holds for Hayward, Hill, Withey and Mack until they either renounce those holds or those guys sign a contract somewhere.

Side note - unless Hayward signs elsewhere, the Jazz are operating over the cap due to holds. They only resources they have for additional moves are A.) the Mid Level Exception ($8.4 million which can be split up between more than one player), B.) Minimum contract exceptions, C.) Rookie Contract allowances (which let them sign Mitchell and Bradley - but should also have a hold against the cap) and trading for new players by sending out relatively equal salary (Diaw, Burks and Favors are all candidates for that this year.)
 
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