Offseason Salary Cap Digest

2017 Offseason Salary Cap Digest: New York Knicks

The 2016/17 Knicks season will be remembered for many things: Phil Jackson subtly – and then blatantly – suggesting the team would be better off without Carmelo Anthony; Charles Oakley being ejected and banned from Madison Square Garden; Derrick Rose disappearing with no explanation before a game; Joakim Noah receiving a 20-game suspension; Kristaps Porzingis skipping his exit interview.

New York’s results on the court were practically an afterthought, but they weren’t good either (31-51 record). So in addition to upgrading the roster, Knicks management will have to work this offseason to rebuild the franchise’s one-time reputation as a top destination for NBA players.

Here’s where things currently stand for the Knicks financially, as we continue our Offseason Salary Cap Digest series for 2017:

Guaranteed Salary

Player Options

  • None

Team Options

  • None

Non-Guaranteed Salary

Restricted Free Agents

  • Ron Baker ($1,512,611 qualifying offer / $1,512,611 cap hold)
  • Total: $1,512,611

Cap Holds

Projected Salary Cap: $101,000,000

Maximum Cap Room: $19,588,175

  • Adding the Knicks’ eight guaranteed salaries to cap holds for their first-round pick and three empty roster spots, the team’s salary totals $81,411,825. Even after waiving their three non-guaranteed players and renouncing free agents like Rose, Holiday, and Baker, that wouldn’t be nearly enough for a maximum-salary contract, so the Knicks will have to get creative – or dump salary in a Carmelo trade – if they want to make a splash in free agency.

Footnotes:

  1. Ndour’s salary becomes fully guaranteed after June 30.
  2. Plumlee’s salary becomes partially guaranteed ($100,000) after June 30.
  3. Rose’s cap hold is his maximum salary, based on a $101MM cap projection. If the salary cap is higher than $101MM, Rose’s cap hold would increase along with it, up to a maximum of $31,984,878.

Salary information from Basketball Insiders and The Vertical was used in the creation of this post.

2017 Offseason Salary Cap Digest: Sacramento Kings

After flirting with possible playoff contention in the first half, the Kings opted instead for a full rebuild, sending DeMarcus Cousins to New Orleans over the All-Star break for what was widely considered to be an underwhelming trade package. But with Buddy Hield playing well down the stretch and the Pelicans’ pick turning into a top-10 selection, the return on Cousins doesn’t look too bad anymore — and some lottery luck ensured that Sacramento will also have a top-five pick in June. Hitting on those two lottery selections would help get the Kings’ rebuild get off to a great start.

Here’s where things currently stand for the Kings financially, as we continue our Offseason Salary Cap Digest series for 2017:

Guaranteed Salary

Player Options

Team Options

  • None

Non-Guaranteed Salary

  • Arron Afflalo ($11,000,000) — Partial guarantee. Guaranteed portion noted above.2
  • Anthony Tolliver ($6,000,000) — Partial guarantee. Guaranteed portion noted above.1
  • Total: $17,000,000

Restricted Free Agents

  • Ben McLemore ($4,187,598 qualifying offer / $10,022,205 cap hold)
  • Total: $10,022,205

Cap Holds

Trade Exceptions

Projected Salary Cap: $101,000,000

Maximum Cap Room: $55,844,782

  • The Kings have cap holds for a pair of top-10 draft picks to account for, but their guaranteed contracts don’t amount to much. Taking into account their draft picks, guaranteed salaries, and three cap charges for empty roster spots, the Kings would have just $45,155,218 in team salary. However, that would hinge on Galloway turning down his player option, Afflalo and Tolliver being waived, every free agent leaving, and Bogdanovic not being signed this season, so Sacramento is unlikely to have quite that much room heading into free agency.

Footnotes:

  1. Tolliver’s salary reportedly becomes fully guaranteed after June 1.
  2. Afflalo’s salary becomes fully guaranteed after June 23.

Salary information from Basketball Insiders and The Vertical was used in the creation of this post.

2017 Offseason Salary Cap Digest: Orlando Magic

The Magic’s 2016 offseason, which saw them add Serge Ibaka, Bismack Biyombo, and Jeff Green while giving up Victor Oladipo and their lottery pick, received mixed reviews at best. Critics of the team’s moves were ultimately proven right, as Orlando landed in the lottery again, moving Ibaka prior to the trade deadline in an attempt to salvage last summer’s deal before he reached free agency. The Magic’s roster isn’t exactly overflowing with talent, but the club has a pair of first-round picks and a little cap flexibility heading into the summer.

Here’s where things currently stand for the Magic financially, as we continue our Offseason Salary Cap Digest series for 2017:

Guaranteed Salary

Player Options

  • None

Team Options

  • None

Non-Guaranteed Salary

Restricted Free Agents

  • Damjan Rudez ($1,724,305 qualifying offer / $1,724,305 cap hold)
  • Total: $1,724,305

Cap Holds

  • Jeff Green ($18,000,000)
  • Jodie Meeks ($12,426,000)
  • No. 6 overall pick ($4,186,320)
  • No. 25 overall pick ($1,516,200)
  • Total: $36,128,520

Trade Exceptions

Projected Salary Cap: $101,000,000

Maximum Cap Room: $15,751,170

  • Orlando’s eight guaranteed salaries, cap holds for two first-round picks, and cap charges for two empty roster spots total $85,248,830 in team salary. The Magic aren’t likely to waive all their non-guaranteed players, but they don’t have any free agents they badly needs to bring back, so renouncing those FAs and getting close to their maximum cap room is possible.

Footnotes:

  1. Watson’s salary becomes fully guaranteed after July 10.
  2. Zimmerman’s salary becomes fully guaranteed after July 6.

Salary information from Basketball Insiders and The Vertical was used in the creation of this post.

2017 Offseason Salary Cap Digest: Minnesota Timberwolves

A popular sleeper pick to earn a playoff spot in the West heading into the 2016/17 season, the Timberwolves got off to a terrible start and never recovered, proving that they weren’t quite ready to make that leap. Nonetheless, Karl-Anthony Towns and Andrew Wiggins continue to improve, and Tom Thibodeau now has a year under his belt with his new team. With another top-seven pick on the way and some cap space available, the Wolves are in position to continue improving their roster and perhaps to get back to the postseason in 2017/18.

Here’s where things currently stand for the Timberwolves financially, as we continue our Offseason Salary Cap Digest series for 2017:

Guaranteed Salary

Player Options

  • None

Team Options

  • None

Non-Guaranteed Salary

Restricted Free Agents

  • Shabazz Muhammad ($4,187,598 qualifying offer / $7,615,748 cap hold)
  • Total: $7,615,748

Cap Holds

Projected Salary Cap: $101,000,000

Maximum Cap Room: $32,037,943

  • Although Pekovic remains on the Timberwolves’ books, medical retirement appears likely for him. If that becomes official, the Wolves could remove Pekovic’s charge from their cap, leaving the team with nine guaranteed salaries, a cap hold for a first-round pick, and two cap hits for empty roster spots, totaling $68,962,057. That would leave enough room to offer a maximum-salary contract to any free agent with less than 10 years of NBA experience.

Footnotes:

  1. Hill’s salary becomes fully guaranteed after June 30.

Salary information from Basketball Insiders and The Vertical was used in the creation of this post.

2017 Offseason Salary Cap Digest: Brooklyn Nets

Still reeling from the 2013 trade with Boston that cost them a handful of first-round picks, the Nets entered the 2016/17 season as the odds-on favorite to lose the most games of any team. Sure enough, they delivered, posting a 20-62 mark as their top free agent addition (Jeremy Lin) battled injuries for most of the year.

With the Celtics still in control of Brooklyn’s first-round picks in 2017 and 2018, the Nets will be hard-pressed to add star talent, but GM Sean Marks will look to continue adding young pieces with a pair of draft picks in the 20s — and with the team’s max-level cap room.

Here’s where things currently stand for the Nets financially, as we continue our Offseason Salary Cap Digest series for 2017:

Guaranteed Salary

Player Options

  • None

Team Options

Non-Guaranteed Salary

Restricted Free Agents

  • None

Cap Holds

  • Randy Foye ($3,000,000)
  • No. 22 overall pick ($1,713,720)
  • No. 27 overall pick ($1,423,560)
  • Total: $6,137,280

Projected Salary Cap: $101,000,000

Maximum Cap Room: $33,209,882

  • With eight guaranteed salaries, two cap holds for first-round picks, and a pair of cap charges for empty roster spots, the Nets would have a team salary of $67,790,118. Their available cap room will dip a little if they keep some of their players with non-guaranteed salaries, as is expected, but they’d still have more than enough room to aggressively pursue at least one major free agent — perhaps an RFA, if they follow 2016’s blueprint.

Footnotes:

  1. Acy’s salary becomes fully guaranteed after July 16.
  2. Harris’ salary becomes fully guaranteed after June 30.
  3. Kilpatrick’s salary becomes fully guaranteed after June 30.

Salary information from Basketball Insiders and The Vertical was used in the creation of this post.

2017 Offseason Salary Cap Digest: Phoenix Suns

The Suns added a pair of cornerstone frontcourt pieces in the 2016 draft when they selected Dragan Bender and Marquese Chriss in the top eight, then saw backcourt players like Devin Booker and Tyler Ulis take promising steps forward during the season. However, Phoenix’s 2016/17 record (24-58) was virtually the same as 2015/16’s mark (23-59), and Eric Bledsoe, Brandon Knight, and Tyson Chandler weren’t thrilled to be benched after the trade deadline. Going forward, the Suns will have decisions to make on how to balance their youth movement with playing time for their veterans.

Here’s where things currently stand for the Suns financially, as we continue our Offseason Salary Cap Digest series for 2017:

Guaranteed Salary

Player Options

  • None

Team Options

  • None

Non-Guaranteed Salary

  • Leandro Barbosa ($3,500,000) — Partial guarantee. Guaranteed portion noted above.1
  • Elijah Millsap ($1,524,305)
  • Derrick Jones ($1,312,611)
  • Total: $6,336,916

Restricted Free Agents

  • Alex Len ($4,187,598 qualifying offer / $12,059,053 cap hold)
  • Alan Williams ($1,671,382 qualifying offer / $1,671,382 cap hold)
  • Total: $13,730,435

Cap Holds

  • No. 4 overall pick ($5,090,040)
  • Ronnie Price ($1,471,382)
  • Total: $6,561,422

Projected Salary Cap: $101,000,000

Maximum Cap Room: $28,332,478

  • The Suns have nine players on fully guaranteed contracts. If they were to waive their non-guaranteed players and renounce all their free agents, they’d also have to account for cap holds for their first-round pick and two empty roster spots, creating a total team salary of $72,667,522. That would be enough room to make a play for a maximum-salary restricted free agent, but not enough to fit a max contract for a veteran with seven or more years of NBA experience.

Footnotes:

  1. Barbosa’s salary becomes fully guaranteed after July 3

Salary information from Basketball Insiders and The Vertical was used in the creation of this post.

2017 Offseason Salary Cap Digest: Philadelphia 76ers

After three straight seasons of the Sixers failing to reach the 20-win mark, fans in Philadelphia finally got a thrilling glimpse of the future in 2016/17, as Joel Embiid made his NBA debut and looked like a potential franchise player. Embiid’s rookie season was cut short by more injuries, as was Ben Simmons‘, but assuming the 76ers have better health luck going forward, there’s plenty of reason for optimism — and the team still has plenty of cap flexibility to continue adding talent.

Here’s where things currently stand for the Sixers financially, as we continue our Offseason Salary Cap Digest series for 2017:

Guaranteed Salary

Player Options

  • None

Team Options

Non-Guaranteed Salary

Restricted Free Agents

  • Alex Poythress ($1,512,611 qualifying offer / $1,512,611 cap hold)
  • Total: $1,512,611

Cap Holds

Projected Salary Cap: $101,000,000

Maximum Cap Room: $55,186,167

  • The Sixers have eight players on guaranteed salaries, a cheap team option for Covington that will be exercised, and a cap hold for their No. 3 overall pick. Throw in a couple cap charges for empty roster spots and their team salary is a modest $45,813,833. Even if the Sixers retain a couple of their non-guaranteed players, as expected, they’ll have more than enough space for a maximum salary contract, with plenty of room to spare.

Footnotes:

  1. There are conflicting reports about whether or not Henderson’s contract has a partial guarantee or no guarantee. Either way, Henderson’s salary becomes fully guaranteed after June 30.
  2. Covington’s salary remains non-guaranteed if team option exercised; becomes partially guaranteed ($53,547) after August 9.

Salary information from Basketball Insiders and The Vertical was used in the creation of this post.

2017 Offseason Salary Cap Digest: Los Angeles Lakers

The Lakers posted a bottom-five record for the third straight season, but there were some positive signs for the franchise in 2016/17. The Lakers appear to have found a keeper in head coach Luke Walton, and after some turmoil in the front office and the ownership group, Jeanie Buss re-asserted control of the organization and brought in Magic Johnson and Rob Pelinka to run the basketball operations department. Johnson and Pelinka caught a break when the Lakers kept their lottery pick – now No. 2 overall – and they’ll be tasked with determining how best to return the franchise to contention.

Here’s where things currently stand for the Lakers financially, as we continue our Offseason Salary Cap Digest series for 2017:

Guaranteed Salary

Player Options

Team Options

Non-Guaranteed Salary

Restricted Free Agents

  • None

Cap Holds

  • Nick Young ($10,343,444) — If player option is declined
  • No. 2 overall pick ($6,286,560)
  • Tyler Ennis ($2,666,707)
  • Thomas Robinson ($1,471,382)
  • Metta World Peace ($1,471,382)
  • No. 28 overall pick ($1,414,920)
  • Total: $23,654,395

Projected Salary Cap: $101,000,000

Maximum Cap Room: $22,856,044

  • With nine guaranteed contracts, two cap holds for first-round picks, and one cap charge for an empty roster slot, the Lakers would have $78,143,956 on their books. That would give the team a sizable chunk of cap room, albeit not quite enough for a maximum salary player. The Lakers aren’t likely to sign anyone to a max contract this summer, but if they wanted to, they’d need to move guaranteed contracts and/or draft picks to create space.

Footnotes:

  1. Black’s salary becomes fully guaranteed after July 4.

Salary information from Basketball Insiders and The Vertical was used in the creation of this post.

2017 Offseason Salary Cap Digest: Washington Wizards

The Wizards’ 2016 offseason, which included huge new deals for Bradley Beal and Ian Mahinmi, received mixed reviews. However, while Mahinmi battled injuries and didn’t have the impact Washington had hoped, Beal delivered on his contract extension with a career year, and new head coach Scott Brooks turned out to be the Wizards’ most important offseason addition.

After coming within one game of the Eastern Conference Finals, the Wizards will now have to decide whether to follow up Beal’s deal with a similarly lucrative extension for Otto Porter. The club’s lack of cap flexibility will make it tricky to acquire additional reinforcements whether or not Porter returns.

Here’s where things currently stand for the Wizards financially, as we continue our Offseason Salary Cap Digest series for 2017:

Guaranteed Salary

Player Options

  • None

Team Options

  • None

Non-Guaranteed Salary

Restricted Free Agents

  • Otto Porter ($7,732,904 qualifying offer / $14,734,953 cap hold)
  • Bojan Bogdanovic ($4,663,316 qualifying offer / $7,088,241 cap hold)
  • Trey Burke ($4,187,598 qualifying offer / $8,466,495 cap hold)
  • Total: $30,289,689

Cap Holds

Trade Exceptions

Projected Salary Cap: $101,000,000

Maximum Cap Room: $6,646,794

  • Renouncing all their free agents and waiving their non-guaranteed salaries would leave the Wizards with nine guaranteed contracts and three cap charges for empty roster slots, totaling $94,353,206. That doesn’t leave the Wizards much room to work with, so it makes more sense for the team to stay over the cap, which would allow for possible deals with RFAs like Porter and/or Bogdanovic.

Footnotes:

  1. Mac’s salary becomes partially guaranteed ($50,000) after July 1.
  2. Ochefu’s salary becomes partially guaranteed ($50,000) after July 1.

Salary information from Basketball Insiders and The Vertical was used in the creation of this post.

2017 Offseason Salary Cap Digest: Houston Rockets

The Rockets outperformed expectations in 2016/17, with James Harden receiving MVP consideration and Mike D’Antoni entering the Coach of the Year discussion as the club set records for three-point shooting. However, the season ended on a sour note, and Daryl Morey won’t have as much cap flexibility to make roster additions this summer as he did a year ago, when Houston landed Ryan Anderson and Eric Gordon.

Here’s where things currently stand for the Rockets financially, as we continue our Offseason Salary Cap Digest series for 2017:

Guaranteed Salary

Player Options

  • None

Team Options

  • None

Non-Guaranteed Salary

Restricted Free Agents

  • Bobby Brown ($1,724,305 qualifying offer / $1,724,305 cap hold)
  • Troy Williams ($1,512,611 qualifying offer / $1,512,611 cap hold)
  • Total: $3,236,916

Cap Holds

  • Nene ($3,477,600)
  • Total: $3,477,600

Projected Salary Cap: $101,000,000

Maximum Cap Room: $11,700,349

  • With more than $87MM on their 2017/18 cap in the form of guaranteed salaries, the Rockets would have a team salary of $89,299,651 if they added a couple cap charges for empty roster spots to that total. That would give the club about $11.7MM in cap room, which isn’t much more than what the mid-level exception is expected to be worth. In order to clear out additional space, a trade would be necessary.

Footnotes:

  1. Wiltjer’s salary becomes fully guaranteed after August 1.

Salary information from Basketball Insiders and The Vertical was used in the creation of this post.

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