The Current Finacial Situation 9/25/10

[Hitman]

You're right about Quinton Ross. He signed a contract for more than one year with Dallas. Elson and Watson I'm assuming are under 1 year contracts altough nothing is being mentioned yet.

When Elson signed it was reported as a "multi-year deal", although "...as per team policy terms were not disclosed". Watson hasn't actually signed yet so we know nothing about his offer, but my assumption is the opposite, I think his offer is a multi-year deal (it may not even be the vet minimum, we still have some MLE money available).

In regards to cap hit Section 3. Determination of Salary (f) of the CBA states that:

(f)
One-Year Minimum Contracts.
Except where otherwise stated in this Agreement, the Salary of every player who, after the date of this Agreement, signs a one-year, 10-Day or Rest-of-Season Contract for the Minimum Player Salary applicable to such player shall be the lesser of (1) such Minimum Player Salary, or (2) the portion of such Minimum Player Salary that is not reimbursed out of the League-wide benefits fund described in Article IV, Section 5(k)(2).

So I believe I was correct when I stated that they only count as a two year veteran as far as cap hit. And it makes sense cause the idea is to protect veterans.

You're right, my bad.

 

[Hitman]

BTW, everyone is using the wrong figures for Paul Millsap's contract. I had the exact figures once but I've lost them and my Google-fu isn't strong enough this morning to find them again, so I've attempted to reverse-engineer them from the known facts - 4yrs/$32M, $5.6M signing bonus, signing bonus was maximum allowed to another team's RFA (17.5%), first-year salary (excluding signing bonus) was $6.3M, total salary (excluding signing bonus) over last three years ~$20M. These are rough figures, and if anyone has anything better then let us all know!

Actually paid:
09/10: $5.6M signing bonus + $6.3M annual salary
10/11: $6.55M annual salary
11/12: $6.8M annual salary
12/13: $7.05M annual salary

Salary for cap purposes (Annual salary + pro-rated signing bonus of $1.4M):
09/10: $7.7M
10/11: $7.95M
11/12: $8.2M
12/13: $8.45M

 

[sirkickyass]

BTW, everyone is using the wrong figures for Paul Millsap's contract. I had the exact figures once but I've lost them and my Google-fu isn't strong enough this morning to find them again, so I've attempted to reverse-engineer them from the known facts - 4yrs/$32M, $5.6M signing bonus, signing bonus was maximum allowed to another team's RFA (17.5%), first-year salary (excluding signing bonus) was $6.3M, total salary (excluding signing bonus) over last three years ~$20M. These are rough figures, and if anyone has anything better then let us all know!

I knew the $6.55 cited by Hoopshype was incorrect.

I was using the number $7.6 million (which is close to your rough estimate) because that was what was available from several sources (including the ESPN trade machine) and seemed close to what I remember the number being when we figured out the exact cap figure at one point in the past.

 

[NotDeadYet]

I let the Millers worry about the $$$ side of things, but it looks to me like it's the doubling of the LT overage that's the backbreaker. The question is how big a hit can the Miller's absorb THIS year, not what the total expense would be spread into next year with Diaw. Only the Millers know the answer to that...