Choosing to sign Bogans and eventually cut Hairston will cost about 280K more than just keeping Hairston without signing Bogans. The choice is not about economics.
Hairston is signed. His deal is mostly unguaranteed though.
The portion of Bogans salary that the Spurs end up paying does count against the luxury tax.
Choosing to sign Bogans and eventually cut Hairston will cost about 280K more than just keeping Hairston without signing Bogans. The choice is not about economics.
Let me check here:
Hairston: $736,420 $854,389 $1,091,100
Bogans $1.03m
Now let's treat Hairston salary as being taxed... that makes that $1.47m.
Bogans veteran minimum salary is partially paid by the league, is also not taxed, so Spurs are really on the hook for only $825,497.
In short, that savings of around $400K.
Read the rules, then post. Your calculations are quite wrong.
http://members.cox.net/lmcoon/salarycap.htm#94
Key point 1: Any player on a league min contract, regardless of years of experience, hits the luxury tax at the value of a 2yr vet min player. This year that is $825,497.
Key point 2: For players with more than 2 years of experience on league min contracts the league will reimburse the team for the amount over that of a 2yr vet min player. In other words, the team ends up only having to pay that player the amount for a 2yr vet min guy.
What Bogans will actually get paid = $1,033,342
Portion of Bogans' salary that the Spurs will end up having to pay = $825,497 (see #2)
Luxury tax hit on Bogans' salary = $825,497 (see #1)
Total amount spent on Bogans = $1,650,994
Hairston's salary (if he were kept on the team the entire season) = $736,420
Luxury tax hit on Hairston's salary = $825,497 (see #1)
Total amount spent on Hairston = $1,561,917
Difference = $89,077
Yes, but if Bogans is waived, they will pay Hairston's salary + Bogan's buyout, correct?
Yes, and if Hairston is waived they will still have to pay his 50K guarantee and another 50K in tax.
Ya, but 100K has got to be much less than Bogan's buyout. But it is still a small amount either way relatively speaking.
At league minimum I'd doubt there would be any kind of a buyout. Basically the Spurs are going to pay Bogans his full salary, and lux tax on it, whether he's on the team or not.
I don't think there's any chance that Bogans is cut to keep Hairston. I think Hairston is going to have to outplay Williams or hope for a trade that opens a slot.
Agreed.
even if he outplayed MW, (who then is the one who's cut), without a trade Hairston will be just the #6 in the wing rotation. this means (barring injuries) d-league or DNPs. a trade of Fin would likely move him to #5 and get him some garbage minutes (plus some more in B2B games). he almost needs to pray for a Fin trade.
We all need to pray for a Finley trade..
Okay, looks like my interpretation of the rules were off. My bad.
So if isn't economics, then for the life of me, I can't figure out why we even bothered with signing Bogans. I guess it's the same logic as the Spurs signing Vaughn... I've never understood it.
I don't think it's going to happen. I think the Spurs hope he plays in Austin another year and sign with the team next summer when more roster spots are available.
Because they needed a proven wing-defender on the roster to back-up RJ.
Bogans is taking Udoka's place, while RJ is taking Bowen's. He's not coming in to be a good locker room guy and insurance poilcy as a third point, he fills a need.
Now, I don't like the idea of losing Hairston, especially since the only thing Bogans has on him is his experience and a more prototypical game for the role, but it's understandable that they'd be looking to fill in the roster with proven, known commodities to compliment all the added talent.
I'm guessing that Hill, Mahinmi and Williams will be more than enough talent in the Spurs' eyes to develop over the course of the season and provide them with a possible wildcard or two. Everyone else on the roster they should pretty much know what they have and what they're going to get night-in and night-out.
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