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The Current Finacial Situation 9/25/10

BabyPeterzz

BabyPeterzz

Well-Known Member
Contributor
The Jazz are currently at $75,270,113 in committed salary for the 2010 - 11 season. That's $17,226,113 over the cap. This does not include Elson and Watson's salary.

Many of you are unhappy with the AK/Diaw trade, but the Jazz are going to need cap payroll relief regardless. I think it's unfair and stupid to expect the Jazz to pay $34 mil + in LT.

So what are the teams options?
 
I was about to add that my figures could be off a bit. I'm using the numbers posted by ESPN trade machine. They look accurate to me.

https://games.espn.go.com/nba/tradeMachine

Regardless, the money situation will have to be resolved at some point before the trade deadline, and AK's contract is the obvious target.
 
If you are right than this trade is critical for Jazz to save millions. There is no way they can afford this kind of money.
 
BabyPeterzz said:
The Jazz are currently at $75,270,113 in committed salary for the 2010 - 11 season. That's $17,226,113 over the cap. This does not include Elson and Watson's salary.

Many of you are unhappy with the AK/Diaw trade, but the Jazz are going to need cap payroll relief regardless. I think it's unfair and stupid to expect the Jazz to pay $34 mil + in LT.

So what are the teams options?
Click to expand...

They are not $17M into the Luxury Tax. They're about $6M into the Luxury Tax.
 
YB85 said:
They are not $17M into the Luxury Tax. They're about $6M into the Luxury Tax.
Click to expand...

Ok. I figured I could be way off here. Would you mind fleshing this out a bit? I thought the cap was set at about $58 mil. Where does the LT start?

edit:

After I quit being an idiot and looked it up the LT should be at around $70 mil. So YB is right, we're about 6 mil over right now, not including Elson and Watson's salary. So, right now we're probably around $ 10 mil over, so the Jazz owe $20 mill in LT.

That's till a lot and needs to be addressed.
 
I think the $75M exclude the non-guaranteed contracts of Gaines, Jeffers and Evans but include Fesenko's QO, which put the Jazz roughly $7M over the luxury tax theshold of $68M.

Trading Kirilenko ($17.8M) for Diaw ($9M) and Ross ($1.1M) should put the Jazz under the LT line. All in all, it means saving $7.7M in salary, about $8M in luxury tax and $4M in the league distribution on luxury taxes collected. That would save the Jazz $19.7M at one fell swoop. Seriously, I don't think KOC can be blamed for saving the franchise this much money.
 
I just added up these players (ESPN Trade Machine). I took out Gaines because we know he will be released (Watson Signing)

Bell
Evans (Will Most Likely stay with team)
Hayward
Jeffers (Thompson could take his spot but money won't change much)
Jefferson
AK
Miles
Millsap
Okur
Price
Deron
Fesenko (QO)

Total: 76,069,022

https://www.nba.com/news/cba_minimumsalary_050804.html

Elson (7 years) = 1,146,337
Watson (9 years) = 1,229,255

New Total: 78,444,614

Current NBA Luxury Tax = $70,307,000

Utah Jazz are over the luxury tax by 8,137,614

8,137,614 (x2 for penalty); Total Jazz Luxury tax savings if AK trade happens 16,275,228
 
Last edited:
Twin Towers said:
I just added up these players (ESPN Trade Machine). I took out Gaines because we know he will be released (Watson Signing)

Bell
Evans (Will Most Likely stay with team)
Hayward
Jeffers (Thompson could take his spot but money won't change much)
Jefferson
AK
Miles
Millsap
Okur
Price
Deron

Total: 74,981,522

https://www.nba.com/news/cba_minimumsalary_050804.html

Elson (7 years) = 1,146,337
Watson (9 years) = 1,229,255

New Total: 77,353,114

Current NBA Luxury Tax = $70,307,000

Utah Jazz are over the luxury tax by 7,050,114

7,050,114 (x2 for penalty); Total Jazz savings if AK trade happens 14,100,228
Click to expand...

Thanks for the breakdown TT. 14 million to a team like the Jazz is significant. So it will be addressed.

Keep in mind, Fes may sign the QO, thats another 1 mil +.
 
Why is everyone pretending like there's not another year on Diaw's deal? I feel like I'm going to have a nervous breakdown trying to figure out why so many people are ignoring that.
 
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