But they can drop down pretty significantly if they want.
Also, I wouldn't be surprised if Duncan does like Robinson and signs for even less money next season.
As much as it pains me to say it, if you're going to be over-committed for one year, 2011-12 might be the right one to do so. Based on current CBA talks, it still looks like teams will only have to pay a fraction of that salary due to a lockout, or (worst case for fans) none of the salaries at all.
The main issue with that is Parker's extension... or is there something else the Spurs have to watch out for?
And thanks again for keeping this up to date, this is the most useful thread on the whole site.
No, they can't.
If Duncan pick his option, Spurs 2011-2012 payroll with a re-signed Parker could be around $75M.
Good remark, we will see how well or bad goes the new CBA negotiations.
That's so weird. Compared to the max 120% scale, Spurs save $61K in 2011-2012, $39K in 2012-2013 and $61K in 2013-2014.
I don't get the point of not giving the max to save that few money. Having a part of his salary based on incentive is fine but not giving 120% of the rookie scale when they are reached to save $161K over a 4 years contract sounds lame as . It's even lamer when you see contracts signed by Jefferson and Bonner.
For the record, I'd rather the Spurs have to make some tough financial decisions and/or have to pay the luxury tax, than to have no Spurs basketball at all.
I would hope the owners feel the same way, but it's not my money.
My bad, I mis-read the color-coding...but I guess Timmy could opt out and sign a new two year deal for $21mil total.
Today is August 6th, Temple's contract is now $110K guaranteed.
I noticed that a few days ago, but completely forgot today. Congrats to Garrett for making some money.
For people a little interested in the financial side, I highly recommend to read Sham latest blog entry:
http://blog.shamsports.com/2010/08/c...a-2010_12.html
When do the Spurs have till to make a decision on the options of Gee/Temple/Jerrels?
If you go to shamsports.com and go to the spurs salaries you can mouse over a players name and it gives you their contract info. I think they have the deadlines.
Instead of just giving you some dates, let's try to explain the whole mechanism.
The double "salary" system:
Gee, Temple and Jerrells all have a $762,195 salary. However, they count for $854,389 against the tax. Spurs don't pay them $854,389 but it's the figure that is used when you compute team salaries for the luxury tax.
Prorating minimum salaries:
Each regular season day where the player is under contract cost 1/170th of his salary. It's because the NBA regular season is 170 days long.
Waivers:
When a player is on waivers, he is still paid by his team and also count against the tax. During the regular season, players stay for 48 hours on waivers. Non-working days (Saturday and Sunday) don't count.
For example, if a team waives a player on Thursday, they will have to pay his salary for 4 more days (Friday, Saturday, Sunday and Monday).
Key dates:
The first key date Tuesday, October 26th, It's the first day of the regular season. If a team doesn't want to give some money to a player with a non-guaranteed contract, he must have cleared waivers at this day. The deadline to waive players without paying them is Thursday, October 21st.
The second key date is January 10th. It's when all the contracts become guaranteed for the rest of the season. January 10th is a Monday this year. The deadline to waive players is Wednesday, January 5th this year.
Jerrells:
Jerrels' contract is fully non guaranteed. He will start to cost some money on October 21st and his contract will be guaranteed on January 5th.
Temple:
Temple's contract is $110K guaranteed. When do you the prorating and include waivers with working days, the deadline, where he will start to hurt Spurs more, is November 11th for the tax and November 16th for his salary.
Gee:
Gee's contract is complicate with multiple dates and multiple guarantee. For the moment, it is $100K guaranteed. The deadline, where he will start to hurt Spurs more, is November 10th for the tax and November 14th for his salary.
Conclusion:
Spurs have enough luxury space tax to have 14 players during a part of the year. However, the faster they do their choices on Jerrels, Temple, Gee, the more money they will have to spend later in the year to try some new players.
And if you are somewhat interested by this boring stuff and want to be sure that you get it, you can re-do the computation with Gee and Temple to see if you end up on the same results as me (I hope my dates are right).
nice job Bruno
ty for the summary
Thanks Bruno. That clears it up pretty good for me.
Sham....thanks for the salary info. Why didn't you include Parker in your information?
I'm not sure that Sham
a: will hear this
b: will send you a sign
c: will help you find what has always been there for those who believe
Shame on me, I'm so stupid.
When we talk about Parker's extension, we all talk of a 5 years extension while the max length he can get is 4 years.
So, the max extension Parker can get right now is $68.2M/4 years.
Question: Curtis Jerrells was on a fully non-guaranteed contract, so trading him was good for shedding tax dollars, but my question is, did he earn any of the money he was slated to this season? Or, since he was traded before the season does the full $854K come off of the Spurs tax calculations?
The Jerrells trade wasn't a tax move. It was a nice gesture from Spurs to give Jerrells a chance with another team.
Jerrells costs for $0 for Spurs. Without the trade, Spurs would have waived him and he would have also cost $0.
Didn't work out so good for him though
Now, Bobby Simmons is on a vet min contract, is that fully unguaranteed until 01.10.11?
The Spurs are something like $600K under the tax with 13 players (Temple and Simmons being their 12th and 13th players)
Gee counts $100K against the tax even if waived and I can't recall what Jerrells cost them, if anything, this year. So a fourteenth player, from what I gather, would put them in the tax - minimum contracts count $854,389 against the tax. (Neal's $525K, both Temple's and Gee's $762,195 and Bobby Simmons' $854,389 count the same, $854,389 -- Temple's already been guaranteed $110K as well.)
As far as I can recall, Jerrells received something like $35K for being on the roster after July, 1 for this year and had some money due if on the roster by Oct. 21 (which Bruno points out above). It was a fully unguaranteed contract so if you don't meet the milestones you don't receive the monies, and the team's tax is only hit by the monies that were guaranteed.
Last edited by Blackjack; 10-28-2010 at 03:00 PM. Reason: Sometimes a typo can mean a difference of $40K
Please Bruno, if you're stupid, we're screwed...
So true.Please Bruno, if you're stupid, we're screwed...
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