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Thanks for the update.
Heading into free agency, here are the players already under contract for the Spurs:
Tim Duncan -- $20,598,704
Tony Parker -- $11,550,000
Manu Ginobili -- $9,905,248
Bruce Bowen -- $4,000,000
Fabricio Oberto -- $3,167,420
Matt Bonner -- $2,978,000
Jacque Vaughn - $1,262,275
Ime Udoka - $1,080,000
Ian Mahinmi - $841,000
TOTAL -- $55,382,647
For purposes of the luxury tax threshold, Vaughn will only count $797,581 toward it, since he's a 10+ year veteran on a minimum contract. With those adjustment, the team's salary in terms of the luxury tax threshold is $54,917,953.
This season, the luxury tax threshold will be $71,150,000. Subtracting what the Spurs already have committed on the books, the Spurs have $16,232,047 to work with in free agency. In other words, the Spurs can add that much salary before hitting the luxury cap threshold.
The Spurs have at their disposal the Mid-Level Exception, which is worth $5,585,000 this season. Also the Spurs have their Bi-Annual Exception worth $1,910,000 and a trade exception worth $1,847,000.
Currently the Spurs have the following free agents:
Kurt Thomas
Brent Barry
Michael Finley
DerMarr Johnson
Damon Stoudemire
George Hill
Malik Hairston
James Gist
Hill will be signed for an amount between $670,000 and $1,006,200. Most first round picks get the maximum salary, so we'll assume Hill will be on the latter amount. Hairston and Gist, if they make the team, will make $442,114 this season (but will count $797,581 each against the luxury tax threshold).
Johnson and Stoudemire are very unlikely to return next season. The Spurs have full Bird rights to Thomas and Finley, meaning the Spurs can sign either player for as much as they want. The Spurs lost Barry's Bird rights during the Seattle trade next year, so the most he can make is the Bi-Annual Exception of $1,910,000.
While it's possible for the Spurs to go many different directions during free agency, one of the most plausible outcomes would be for the Spurs to use their entire Mid-Level Exception on a free agent swingman, use the Bi-Annual Exception to re-sign Barry, re-sign Thomas and sign all three rookies.
Here is how that scenario would look on paper:
Tim Duncan -- $20,598,704
Tony Parker -- $11,550,000
Manu Ginobili -- $9,905,248
Bruce Bowen -- $4,000,000
Fabricio Oberto -- $3,167,420
Matt Bonner -- $2,978,000
Jacque Vaughn - $1,262,275
Ime Udoka - $1,080,000
Ian Mahinmi - $841,000
Kurt Thomas - $6,135,685
MLE Player TBD - $5,585,000
Brent Barry - $1,910,000
George Hill - $1,006,200
James Gist - $442,114
Malik Hairston - $442,114
TOTAL -- $70,903,760
In this scenario, the Spurs would use every penny possible before hitting the luxury tax threshold. Basically, the Spurs can bring back who is under contract, add the three rookies, re-sign Barry for the Bi-Annual Exception and re-sign Thomas to a two-year deal that can be worth as much as $12,915,617.
Obviously, the Spurs can many other directions but that is a quick look at arguably the most likely direction.
I haven't doubled checked my math so feel free to point out any errors. Thanks
If the Spurs decide to use the Bi-Annual Exception, give Barry the LLE, use their trade exception and waive one of their rookies, here's how it'd shake out:
Tim Duncan -- $20,598,704
Tony Parker -- $11,550,000
Manu Ginobili -- $9,905,248
Bruce Bowen -- $4,000,000
Fabricio Oberto -- $3,167,420
Matt Bonner -- $2,978,000
Jacque Vaughn - $1,262,275
Ime Udoka - $1,080,000
Ian Mahinmi - $841,000
Kurt Thomas - $5,086,266 (Two-year, $10,706,589.93 contract)
MLE Player TBD - $5,585,000
Brent Barry - $1,910,000
Trade Exception - $1,847,000
George Hill - $1,006,200
Gist/Hairston - $442,114
Oberto.........Thomas...........Bonner
Duncan........Mahinmi...........Gist
Bowen........._______..........Hairston
Ginobili........Barry...............Udoka
Parker.........Hill..................Vaughn
Oberto.........Thomas...........Bonner
Duncan........Mahinmi...........Gist
Bowen.........Barnes..........Hairston
Ginobili........Barry...............Udoka
Parker.........Hill..................Vaughn
This is a great post. Thanks.
What was Barry scheduled to make this year if he didn't opt out?
Wouldn't he gain more by going to Phoenix, Houston, or the Lakers? Not just money but in years as well?
I know that I've obsessed over that trade exception for months, but damn could it be valuable. If we could sneak in a player like Balkman, I'd be so happy.
Phoenix and Houston, I think, have offered him the LLE. Years is the key variable.
Great post. Bookmarked.
Great post and thread. Appreciate all the info.
Thanks. I just don't believe Barry opted out of his contract to resign with the Spurs again. I think he heads eleswhere.
With the way things are playing out so far, Gist and Hairston have to be smiling.
My guess is they make a stab at J.R. with the MLE, (maybe a bad choise of words) and just sign the rookies.
I'd actually rather them do that than over-pay for a mediocre role-player.
Then again, as much as I don't want Delfino (or Delfemale, for timvp
Oh and G.S. ........:
u sign barnes to 2.5m-3m
give barry 2.5m
ask finley yo you earn 2 paychecks , how about the minimum
Well, it's very possible he meant to do just that. I would do the same if I were in his situation. You go from making about $6M last year to making ~$200K the next? That would suck no matter who you are.
Shouldn't Robert Horry work into this equation somehow? At least the FA list?
We need to trade Bonner.
He opted out to get more than $1.2 mil for one season. He can likely get the LLE for two years this summer.
Marcus: You said the Spurs have Finley's and Kurt's bird rights so they can sign them for however much they want? Theoretically, the Spurs could sign Finley to a max contract (20 Million or so) and not have to pay luxury tax?
Meaning that next year and in the future they will be over the luxury tax line but not have to pay it because they use their bird rights, but any other player added would be dollar for dollar taxed because they are over...
No way they give Thomas more than 5mil pr year cause no one else will
Dan Gadzuric begs to differ.
Great OP, timvp. I was wondering who you think will be the bench warmers/Austin Toros to start out. Matt would obviously not be activated too much, but who out of the draft picks(besides Hill), do you think could get some serious playing time?
And do you think Ian could possibly start, so Pop can hypercharge his growth?
If both rookies make the team, I'd expect both to spend the majority of the year in Austin.
I hope so. Mahinmi's first step is to play well in summer league.
How long is the summer league exactly, and are any of the games televised?
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