First post updated with the latest news (first round pick stashed, Diaw and Mills opting in).
With a Bonner amnestied, Spurs will have $19.3M in cap space at the start of free agency.
1. So a team can extend and offer sheet on July 1, player signs it the same day, and if he player's team doesn't match it in 3 days, then the FA and new team have an contract to sign a contract on July 10, correct?
2. OK, so Team A and Team B can extend player an offer sheet, and no obligation from the original team to match accrues until the player signs one of the two sheet.
A player CANNOT sign an offer sheet until the 10th. An offer sheet is a tentative contract, so there's no more negotiating for any team once it's signed. A player can agree to terms for an offer sheet starting on the first, but they can sign it for nine more days. After a player actually signs the offer sheet, the team has three days to match. This means the earliest a player who signs an offer sheet can switch teams is the 13th unless his former team declines to match earlier.
Yes. Everyone's allowed to change details and try to work out a sign-and-trade until the player signs an offer sheet. After that, the offer sheet is the official contract for the player. The only thing left to be determined is which team will be on the other end of that contract.2. OK, so Team A and Team B can extend player an offer sheet, and no obligation from the original team to match accrues until the player signs one of the two sheet.
1. Didn't understand everything you said but the first day for RFA's to sign offer sheets will be July 10. They can talk with teams July 1 but can't officially sign a offer sheet until the 10th. At that point the players team has 3 days to match.
2. Correct.
Not including Tiago's cap hold, correct?
So really the Spurs at this point (assuming they amnesty Bonner) have ~11M for a FA+Manu. If they let Tiago walk then they have that full 19M.
who said Tiago would get 8 million?
If Tiago walks then it frees up his $7.5M cap hold.
You mean renounce his rights?
They should.
Yep, correct.
It's a little than that more because there are roster cap holds that will disappear. If Spurs amnesty Bonner and keep Splitter bird rights/QO, they will have $12.8M to split between Ginobili and a free agent.
Interesting, so they are likey to have around 7 mil to spend on a FA....??
If the only way to remove Manu's cap hold to either re-sign with Spurs at lower contract, let him sign with another team, or for him to retire?
No. They can renounce his rights. That takes away his cap hold, but it also takes away the team's ability to give Ginobili a max contract. He'd only be able to re-sign him for whatever room they had under the salary cap or for all or part of whatever exceptions they had. That might seem like a risk, but functionally, it's not. It's pretty much what they're going to end up doing, but with the moratorium, there's little need to make it official.
Assume the Spurs transact the sign and trade of Splitter for Gortat as "rumored" and the salaries otherwise match up. What impact, is any, does this have on their cap space?
I'm trying to figure out at what point they do the sign an trade: before or after signing another player with cap space? I'm operating under the assumption above that Spurs will renounce Manu's rights to get up from under the cap-hold, knowing full well he signs here regardless.
If Splitter signs elsewhere, does that open up more salary cap space?
Very little. It would be the difference between Splitter's cap hold and Gortat's salary for next season. It's about $234k less cap space after the trade.
After for the most part if the team is taking back a large salary, and before if they're taking back a small salary. If the Spurs S&T Splitter for a player making $10 Million, then they need to use their cap space first. If they're just trading him for a trade exception, then they should do that early to open up more cap space to sign players.I'm trying to figure out at what point they do the sign an trade: before or after signing another player with cap space? I'm operating under the assumption above that Spurs will renounce Manu's rights to get up from under the cap-hold, knowing full well he signs here regardless.
It's the same thing as re-signing Splitter. Right now, he counts for $7.5 Million against the cap. If he's going to sign for more than that, they then should wait until after they use their cap space to ink him. If he's going to sign for less than that, they should sign him first to create more cap space.
Yes, about $7 Million.
Thanks. Another reason to hope Splitter signs elsewhere.
So with Splitter resigning for 36/4, is this a correct picture pre-Manu re-upping:
Most possible cap space (stretched contract, Bonner amnestied) = $13m
Least realistic cap space (equal split contract, Bonner kept) = $7.8m
?
Will the Spurs be able to sign Kawhi Leonard to a long-term deal soon? He seems like the one player the team needs to build around in the post Big 3 era.
They can offer a 5 year extension next off-season.
Cool, thanks.
From December 18th:
If he signs for a flat 7M, that will represent 49% of his 2012-13 salary.
The first part of that post was about Splitter, btw.
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