So what is the actual list of Spurs free agents? It was Barry, Finley, Horry, DerMarr Johnson, Damon Stoudamire, Kurt Thomas and Jaque Vaughn. I think Barry is off the list now because of the trade, but are the rest correct? How much money does that give the Spurs this off-season?
Barry is under contract for another year.
Spurs have, I believe, about $9.8M in money this offseason.
~5.5M from the MLE.
~2.2M from the LLE.
~1.7M from the Beno trade.
~500K from the Thomas and Scola trade combined
Regarding the players, the Spurs never really got more money from them being a free agent.
Last edited by Mr.Bottomtooth; 06-15-2008 at 04:11 PM.
Ya, but don't the salaries of the players that are free agents come off the books as well? So would they not in fact, if they let everyone of their free agents walk, have:
Finley: $3,103,000
Horry: $3,630,000
DerMarr: $27,198
Stoudamire: $335,442
Vaughn: 1,219,590
Thomas: $8,091,188
For a total of $16,406,418.
So out of those hopefully we only re-sign Thomas and Vaughn. Probably combined for 3 million. So that leaves us with spots to fill for Horry, Finley, DerMarr and Stoudamire with $13,000,000. Ian comes up to fill in for Horry, so that costs us nothing because he already has a contract. So now we have $13,000,000 to fill in for Finley, DerMarr and Stoudamire. Plus the MLE, LLE, plus the Beno/Kurt money. I am of course making an assumption that likely Vaughn will get the veterans minimum contract and Kurt will get around 2.5 million. I know the Spurs don't "get money" from their free agents, but they can spend what I have outlined and be at the same cap level as they were this year, correct?
They're already over the salary cap. Even with guys coming off.
They are over the cap, but not in luxury tax. So they can spend the exact amount of money they have in their expiring contracts and maintain the level they were at as well as using the MLE and LLE to add to the cap without paying luxury tax correct?
The can spend the MLE and the LLE. That's it.
I am confused, sorry if it is annoying you but I am just trying to get some clarification. You are saying that with the expiring contracts the Spurs have coming off the books (16 million) they can only spend the MLE and LLE if they want to stay out of the luxury tax? So they can not sign players for the exact amount totaling the expiring contracts if they wish to be under the luxury tax?
Exactly. That's what the salary cap is. If you are below the salary cap, you can freely spend the amount that will take you to the cap. If you are above the cap, no matter how many contracts come off the book (unless they take you under the cap), you only get the MLE and LLE, plus there are sometimes restrictions on those.
I thought that we could resign our own FAs without using the exceptions. Please forgive me if I am wrong.
Edit: I believe that I am referring to the Bird Rights and I see that the only FAs that we have that fit into this category are Robert Horry and Michael Finley.
Last edited by Kindergarten Cop; 06-15-2008 at 05:14 PM.
Ya, but the Spurs were over the cap by 11,000,000 or so this year, but they did not have to pay luxury tax on it. Weren't there rules that allowed for teams to be over the cap for certain years and not have to pay the new dollar-for-dollar luxury tax. So, then wouldn't the Spurs be able to get back to that point by spending the 16 million that just came off the books to fill the spots left by the free agents while still avoiding luxury tax? Then being able to use exceptions to add to their cap but not have to pay the tax on it?
No.
I don't know what you're saying. They can resign their own players. They can use the exceptions on new players. That's it. They can wind up going over the lux tax or not if they want to, depending on what they do.
Spurs have:
Cap Exceptions
MLE (~$5.5 mil)
LLE (~$1.9 mil)
Trade Exceptions
Beno trade (~$1.9mil)
Scola trade (~$400K)
Thomas trade (~$400K)
Draft Picks
#26
#45
#57
Prior Draft Picks
Robertas Javtokas
Viktor Sanikidze
Sergei Karaulov
And, oh yeah, Ian Mahinmi on the roster already.
So the Spurs payroll this year, $67,321,527, that was not in luxury tax territory, that was $11,691,527 over the cap, will have to be at $60,815,109 (this # is the current payroll - the expiring contracts + MLE + LLE + Beno trade + Thomas/Scola trade) in order to avoid luxury tax this coming year. 7 million less?
As it stands, the Spurs current payroll is $57.121M with 10 players signed (we still need a few guys to fill out the roster, which will put us at or over the cap). The Salary Cap is expected to be around $58M. The Luxury Tax threshold should be around $69M. We can use the exceptions to sign FAs up to that threshold to avoid paying a dollar for dollar tax.
Exactly my point. Who cares about the cap, the Spurs do not, they care about the luxury tax. So the Spurs can spend all 16 million dollars that have now cleared because of free agents and even up their payroll by 1 million from what it was this year without paying luxury tax. They will not just have 16 million in expiring contracts but only spend 9.8 million in the off-season. They have 16 million to spend.
Well, they can "spend" the MLE, LLE, and the amount of the trade exceptions if they found 3 trades to use those exceptions in, as well the contract for their 1st round pick and, of course, as many minimum player exception contracts as possible.
The main restriction this summer won't be the Luxury Tax threshold but rather their length of the contracts they are willing to take on, be it through free agency with their cap exceptions or in a trade with their trade exceptions. This, of coruse, is with an eye to whatever their plan is for the 2010 offseason. Frankly I'd prefer them to max out their options this summer and worry about 2010 in, well, 2010.
How do you get 57.12? The Spurs payroll this year was 67,321,527 and the expiring contracts are = to 16,406,418, which gives us a remaining payroll of 50,915,109..
Just click the Spurs and you can see salaries and payrolls
http://games.espn.go.com/nba/features/trademachine
Contracts have automatic increases every season.
That is not true. Some contracts are front loaded and some are back loaded. Tim D's contract is going to be less in the future than it is now.
It's true for TD next season.
Duncan opted for a lower extension in 2010-11.
I know what it is, I was just saying not all players contracts go up every year. But I like the link.
2007-08 salaries
Duncan $19.0 mil
Parker $10.5 mil
Ginobili $9.1 mil
2008-09 salaries
Duncan $20.6 mil
Parker $11.6 mil
Ginobili $9.9 mil
$3.5 mil in increases for the big 3 alone.
The Spurs are going to only go with 9 players this year. Holt's new plan. I spoke to one of the owners at Sonterra Friday and they said they are tired of losing money and need to gravy train off of Duncan his last few years.
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