Chinook
12-05-2014, 06:32 PM
2014-2015 Salaries:
Guaranteed:
Tony Parker: $12,500,000
Tim Duncan: $10,000,000
Tiago Splitter: $9,250,000
Boris Diaw: $7,500,000
Manu Ginobili: $7,000,000
Danny Green: $4,025,000
Patty Mills: $3,842,105
Marco Belinelli: $2,873,750
Jeff Ayres: $1,828,750
Kawhi Leonard: $2,894,059
Aron Baynes: $2,077,000
Cory Joseph: $2,023,261
Kyle Anderson: $1,093,680
Austin Daye: $1,063,684
Matt Bonner: $915,283 (actual salary of $1,448,490, but the league pays the difference)
Partially guaranteed (since waived):
JaMychal Green: $507,336 ($60,000 guaranteed)
Bryce Cotton: $507,336 ($50,000 guaranteed)
John Holland: $507,336 ($20,000 guaranteed)
Josh Davis: $507,336 ($20,000 guaranteed)
Total guaranteed salary: $69,036,572
2014-2015 salary cap: $63,065,000 ($5,971,572 over the cap)
2014-2015 luxury tax threshold: $76,829,000 ($7,792,428 below the tax)
I’ll just pay homage to Bruno by quoting his explanation of the tax:
The Luxury Tax:
What is the luxury tax?
The luxury tax is a mechanism whose first goal is to reduce the differences between the richest and the poorest franchises by penalizing teams that overspend the others teams. Penalties have considerably raise with the new CBA to make it very expensive for teams to go way over the luxury tax threshold.
For more details, check Larry Coon's CBA FAQ (http://www.cbafaq.com/salarycap.htm#Q21) .
The triple penalty system:
A team above the tax is three time penalized. First, they had to pay the luxury tax. Second, they don't get a share of the luxury tax money given by the NBA to teams. Third, it makes it more likely to have to pay the repeater tax in the future.
The last two effects push teams that are just above the tax threshold to go under it.
Remaining financial flexibility for 2014-2015:
From a financial standpoint, the Spurs have plenty of flexibility here to make more moves. They retain most of their mid-level exception (MLE), still having $3,228,000 left to spend. They also retain the full use of their bi-annual exception (BAE or LLE, the latter term being the one I’ll use any time I talk about it). In addition to those, the Spurs also have a traded player exception (TPE or TE) of $1,563,000 from the De Colo trade last year. Also, the Spurs can trade for or sign most players on minimum salaries without using any of these exceptions.
2015 free agency:
Here’s where the Spurs stand financially going into next summer:
Guaranteed Salaries:
Tony Parker: $13,437,500
Tiago Splitter: $8,500,000
Boris Diaw: $7,000,000
Patty Mills: $3,578,947
Kyle Anderson: $1,142,879
Total guaranteed: $33,659,326
Qualifying offers:
Aron Baynes: $2,596,250
Relevant cap holds:
Tim Duncan: $15,542,169
Manu Ginobili: $10,500,000
Danny Green: $7,647,500
Kawhi Leonard: $7,235,148
Cory Joseph: $5,058,153
Marco Belinelli: $3,735,875
Jeff Ayres: $2,377,375
Matt Bonner: $947,276
Austin Daye: $947,276
Livio Jean-Charles: $957,200
2015 draft pick: ???
Projected 2015-2016 salary cap: $66.5 Million
Projected 2015-2016 luxury tax threshold: $80.1 Million
To determine the Spurs' functional cap space, I'll just take the guaranteed salary and add to it Green and Leonard's holds along with the holds for LJC and the first-rounder (which I'm assuming will be the 25th pick and have a hold of $1,025,700). This gives a total of $50,524,874 committed to nine players. That means one needs to add in three roster charges (cap space can't be used until there is a total of 12 salaries or holds against the team's salary). of $525,093 each. That gives the Spurs a total of $52,100,153 against the cap for the purpose of free agency. There are ways around the roster charges, but we can talk about that later.
With that in mind, the Spurs will have $14,399,847 in cap room under this scenario. That's really not enough to do a whole lot with. Lucky for them, the 2015 cap may be significantly higher than the current projections -- up over $70 Million. That would give them enough space to offer a near-max salary, but there aren't many scenarios where the team will be able to eek out max space without letting go of someone they would probably want to keep, especially since the team is likely to want to bring back another player or two like Baynes or Beli. Someone will have to take less, or else the idea of getting a premiere free agent seems like a pipe dream.
Guaranteed:
Tony Parker: $12,500,000
Tim Duncan: $10,000,000
Tiago Splitter: $9,250,000
Boris Diaw: $7,500,000
Manu Ginobili: $7,000,000
Danny Green: $4,025,000
Patty Mills: $3,842,105
Marco Belinelli: $2,873,750
Jeff Ayres: $1,828,750
Kawhi Leonard: $2,894,059
Aron Baynes: $2,077,000
Cory Joseph: $2,023,261
Kyle Anderson: $1,093,680
Austin Daye: $1,063,684
Matt Bonner: $915,283 (actual salary of $1,448,490, but the league pays the difference)
Partially guaranteed (since waived):
JaMychal Green: $507,336 ($60,000 guaranteed)
Bryce Cotton: $507,336 ($50,000 guaranteed)
John Holland: $507,336 ($20,000 guaranteed)
Josh Davis: $507,336 ($20,000 guaranteed)
Total guaranteed salary: $69,036,572
2014-2015 salary cap: $63,065,000 ($5,971,572 over the cap)
2014-2015 luxury tax threshold: $76,829,000 ($7,792,428 below the tax)
I’ll just pay homage to Bruno by quoting his explanation of the tax:
The Luxury Tax:
What is the luxury tax?
The luxury tax is a mechanism whose first goal is to reduce the differences between the richest and the poorest franchises by penalizing teams that overspend the others teams. Penalties have considerably raise with the new CBA to make it very expensive for teams to go way over the luxury tax threshold.
For more details, check Larry Coon's CBA FAQ (http://www.cbafaq.com/salarycap.htm#Q21) .
The triple penalty system:
A team above the tax is three time penalized. First, they had to pay the luxury tax. Second, they don't get a share of the luxury tax money given by the NBA to teams. Third, it makes it more likely to have to pay the repeater tax in the future.
The last two effects push teams that are just above the tax threshold to go under it.
Remaining financial flexibility for 2014-2015:
From a financial standpoint, the Spurs have plenty of flexibility here to make more moves. They retain most of their mid-level exception (MLE), still having $3,228,000 left to spend. They also retain the full use of their bi-annual exception (BAE or LLE, the latter term being the one I’ll use any time I talk about it). In addition to those, the Spurs also have a traded player exception (TPE or TE) of $1,563,000 from the De Colo trade last year. Also, the Spurs can trade for or sign most players on minimum salaries without using any of these exceptions.
2015 free agency:
Here’s where the Spurs stand financially going into next summer:
Guaranteed Salaries:
Tony Parker: $13,437,500
Tiago Splitter: $8,500,000
Boris Diaw: $7,000,000
Patty Mills: $3,578,947
Kyle Anderson: $1,142,879
Total guaranteed: $33,659,326
Qualifying offers:
Aron Baynes: $2,596,250
Relevant cap holds:
Tim Duncan: $15,542,169
Manu Ginobili: $10,500,000
Danny Green: $7,647,500
Kawhi Leonard: $7,235,148
Cory Joseph: $5,058,153
Marco Belinelli: $3,735,875
Jeff Ayres: $2,377,375
Matt Bonner: $947,276
Austin Daye: $947,276
Livio Jean-Charles: $957,200
2015 draft pick: ???
Projected 2015-2016 salary cap: $66.5 Million
Projected 2015-2016 luxury tax threshold: $80.1 Million
To determine the Spurs' functional cap space, I'll just take the guaranteed salary and add to it Green and Leonard's holds along with the holds for LJC and the first-rounder (which I'm assuming will be the 25th pick and have a hold of $1,025,700). This gives a total of $50,524,874 committed to nine players. That means one needs to add in three roster charges (cap space can't be used until there is a total of 12 salaries or holds against the team's salary). of $525,093 each. That gives the Spurs a total of $52,100,153 against the cap for the purpose of free agency. There are ways around the roster charges, but we can talk about that later.
With that in mind, the Spurs will have $14,399,847 in cap room under this scenario. That's really not enough to do a whole lot with. Lucky for them, the 2015 cap may be significantly higher than the current projections -- up over $70 Million. That would give them enough space to offer a near-max salary, but there aren't many scenarios where the team will be able to eek out max space without letting go of someone they would probably want to keep, especially since the team is likely to want to bring back another player or two like Baynes or Beli. Someone will have to take less, or else the idea of getting a premiere free agent seems like a pipe dream.