For 2010-2011, Spurs have only Duncan and Parker under contract. When you add cap holds, they have $37M against the cap.
$65M is a quite reasonable estimation of the 2010-2011 salary cap, it means Spurs will be $28M below the cap.
There are few things that could hurt a little this cap space :
- Mahinmi : If Spurs pick his 4th year option, it will cost about $1M in cap space.
- Splitter : If Spurs don't renounce to his rights, it will cost about $500K in cap space whatever he decides to do (signing in 2008, 2009, 2010 or staying in Europe).
- 2008 first round pick : If Spurs pick his 3rd year option, it will cost $500K against the cap.
- 2010 first round pick : Baring it's still a pick in the 20's, $500K against the cap but Spurs could trade it for a future first round pick like they did in 2003.
So at worst, Spurs will have $25.5M in cap space.
What Spurs could do this summer to hurt this cap space ?
Spurs free agents aren't good and young enough to get more than a 2 years contract.
MLE and trades is the only way to hurt the 2010 plan.
A trade is quite unlikely given Spurs assets.
Even if Spurs give the full MLE, they still will have about $20M in cap space.
Spurs have a few tricks to use to optimize the use of the MLE :
- Overpaying a player on 2 years : if a player wants a $9M/3 years contract, offer him a $8M/2 years contract. He will likely accept it.
- Structure contracts in a way that the 2010/2011 is the year with the lowest salary of the contract.
- Don't hesitate to give a player options on the 4th or 5th year: it will help to lower the salary per year. If the player opt out, it won't be a big deal because Spurs shouldn't be in luxury tax trouble and/or it will be in the post Duncan area.
- If it's a low risk player, don't hesitate to give him a 5 years contract to lower his salary per year.
- If it's a high risk player, try to give him a 3 years contract. If he turns as a bust, Spurs should be able to package him with cash and/or a future first round pick for expiring contracts at the 2010 February deadline.
Spurs should ask themselves this summer :
What is the best player we can get with only a 2 years contract ?
What is the best player we can get with a longer contract ?
If the "more than 2 years contract" player, is significantly better than the "2 years contract" player and can really help Spurs, sign him. Otherwise, sign the player with a 2 years contract.