Charlotte Hornets Cap Space

[Smitty731]

Updated 2/13 with termination of Elliot Williams' 10 Day Contract and trade with Minnesota.

Current Cap Space: None. $2,615,052.00 over
Maximum Cap Space: None. $2,615,052.00 over (if all options/guarantees were not picked up, all FAs renounced, no draft picks were to be signed this season, and all Exceptions were renounced)
Luxury Tax Space: $11,050,187.00
Tax Apron Space: $15,050,187.00
2015-2016 Maximum Cap Space: $18,747,741.00

How I got there:

Guaranteed Contracts (15): Bismack Biyombo, Troy Daniels, P.J. Hairston, Gerald Henderson, Al Jefferson, Michael Kidd-Gilchrist, Jason Maxiell, Brian Roberts, Jeff Taylor, Lance Stephenson, Noah Vonleh, Kemba Walker, Marvin Williams, Mo Williams, Cody Zeller

Partial/Non-Guaranteed Contracts Kept (0): None

Carried Money (2): Jannero Pargo ($915,243.00), Elliot Williams ($53,838.00)

FA Cap Holds (0): None

Draft Pick Holds (0): None

Current Exceptions: Room Exception used on Brian Roberts. No BAE due to being under the Cap. No TPEs.

[HartfordWhalers]

Brief interjection: It is so much better to write Hornets than Bobcats. Sorry for any Bobcat fans, but Hornets just feels right!

Maximum Cap Space: $20,013,959.00 (if all options were not picked up and all FAs renounced and no draft picks were to be signed this season)
Projected "Real" Cap Space: $11,197,230.00

How I got there:

Guaranteed Contracts (8): Bismack Biyombo, Brendan Haywood, Gerald Henderson, Al Jefferson, Michael Kidd-Gilchrist, Gary Neal, Kemba Walker, Cody Zeller

Non-Guaranteed Contracts Kept (1): Jeffery Taylor

Restricted FAs given Qualifying Offers (0): None

FA Cap Holds (3): Chris Douglas-Roberts, Josh McRoberts (assumes he opts out), Anthony Tolliver

FAs Renounced (3): Jannero Pargo, Luke Ridnour, D.J. White

Draft Pick Holds (1): Pick #24 at $1,032,200.00

Expected Exceptions: MLE Room Exception at $2,732,000.00 and BAE at $2,077,000.00. Also, TPE of $916,099.00 (Jeff Adrien).

Line of Thinking:

I think this one was fairly easy. After a really good year, I think McRoberts opts out. He's owed approximately 2.7 million. I think he can do better. I think the Hornets keep him at around 4 million or so. Pargo and White being renounced are no big deal. Ridnour is a little tougher, but for a team with cap space, a cap hold of over 8 million is a bit steep. All around, these guys are in fantastic shape. A playoff team with young talent and cap space, the Hornets might make a big splash. I just hope this time around Jordan spends wisely!

Are you counting the MLE room as cutting into the 20m of cap space? If so, it shouldn't be. If not, then perfect.

Also, very nice looking thread.

[Smitty731]

Are you counting the MLE room as cutting into the 20m of cap space? If so, it shouldn't be. If not, then perfect.

Also, very nice looking thread.

I didn't count any type of exceptions against any of the caps in this project. To me, that situation is too fluid to really track accurately. Plus, to be honest, I get a little lazy to make sure I track all the rules accurately on counting exceptions against the cap. I think things get close enough to give the picture. And if a team is over, they generally seem to use an exception at that point anyway.

[Big_Apple]

Are you counting the MLE room as cutting into the 20m of cap space? If so, it shouldn't be. If not, then perfect.

Also, very nice looking thread.

I didn't count any type of exceptions against any of the caps in this project. To me, that situation is too fluid to really track accurately. Plus, to be honest, I get a little lazy to make sure I track all the rules accurately on counting exceptions against the cap. I think things get close enough to give the picture. And if a team is over, they generally seem to use an exception at that point anyway.

As Hartford said the room exception doesn't count against the cap. A team gets that as soon as they use up their cap space.

The MLE and BAE technically count against the cap, but teams under the cap always just renounce them, while as you said teams that are over the cap, or under the cap at a lower amount than the exception typically just use the exceptions.

[Stun704]

Brief interjection: It is so much better to write Hornets than Bobcats. Sorry for any Bobcat fans, but Hornets just feels right!

Maximum Cap Space: $20,013,959.00 (if all options were not picked up and all FAs renounced and no draft picks were to be signed this season)
Projected "Real" Cap Space: $11,197,230.00

How I got there:

Guaranteed Contracts (8): Bismack Biyombo, Brendan Haywood, Gerald Henderson, Al Jefferson, Michael Kidd-Gilchrist, Gary Neal, Kemba Walker, Cody Zeller

Non-Guaranteed Contracts Kept (1): Jeffery Taylor

Restricted FAs given Qualifying Offers (0): None

FA Cap Holds (3): Chris Douglas-Roberts, Josh McRoberts (assumes he opts out), Anthony Tolliver

FAs Renounced (3): Jannero Pargo, Luke Ridnour, D.J. White

Draft Pick Holds (1): Pick #24 at $1,032,200.00

Expected Exceptions: MLE Room Exception at $2,732,000.00 and BAE at $2,077,000.00. Also, TPE of $916,099.00 (Jeff Adrien).

Line of Thinking:

I think this one was fairly easy. After a really good year, I think McRoberts opts out. He's owed approximately 2.7 million. I think he can do better. I think the Hornets keep him at around 4 million or so. Pargo and White being renounced are no big deal. Ridnour is a little tougher, but for a team with cap space, a cap hold of over 8 million is a bit steep. All around, these guys are in fantastic shape. A playoff team with young talent and cap space, the Hornets might make a big splash. I just hope this time around Jordan spends wisely!

What do you think the Hornets should do with their cap space?

[Smitty731]

What do you think the Hornets should do with their cap space?

I would resign McRoberts quickly. Something around 4-5 million a year seems reasonable to me. That clears his cap hold and frees up a little bit of space.

I'm then on record as saying I think they should go after Gordon Hayward. I think he's a fit for them as a scorer. If you are going to play MKG, you probably need a scorer to balance off his deficit there. I like Hayward on a deal that starts at around 11-12 million a year.

I'd then bring back both Tolliver and Douglas-Roberts on minimum contracts, if possible.

Finally, I would try to move Haywood in one of those deals where you dump salary in addition with a second round pick or something like that. But, if they can't do that, next offseason (2015) he starts to have potential value has a non-guaranteed contract at over 10.5 million. That is a nice trade chip for a team that could be looking for cap flexibility.

For me, the Hornets need to make smart additions this year. Nothing crazy or over the top. Hayward would be a really nice add.

[HartfordWhalers]

Are you counting the MLE room as cutting into the 20m of cap space? If so, it shouldn't be. If not, then perfect.

Also, very nice looking thread.

I didn't count any type of exceptions against any of the caps in this project. To me, that situation is too fluid to really track accurately. Plus, to be honest, I get a little lazy to make sure I track all the rules accurately on counting exceptions against the cap. I think things get close enough to give the picture. And if a team is over, they generally seem to use an exception at that point anyway.

Okay then I don't follow your math.

Maximum Cap Space: $20,013,959.00 (if all options were not picked up and all FAs renounced and no draft picks were to be signed this season)
Projected "Real" Cap Space: $11,197,230.00

I see a 5m cap hold for McRobberts, and ~1m each for Toliver, CDR, and the draft pick:
http://data.shamsports.com/content/page ... obcats.jsp

Which would put it at 12m, not 11, and if you assume McRobberts signs for 4m, he can be signed for that reducing the cap hold and getting the team to 13m.

Still a similar number, but jumping from 11 to 13 is potentially a big switch for something like a Hayward rfa offer.

[Smitty731]

I see a 5m cap hold for McRobberts, and ~1m each for Toliver, CDR, and the draft pick:
http://data.shamsports.com/content/page ... obcats.jsp

Which would put it at 12m, not 11, and if you assume McRobberts signs for 4m, he can be signed for that reducing the cap hold and getting the team to 13m.

Still a similar number, but jumping from 11 to 13 is potentially a big switch for something like a Hayward rfa offer.

Here is how I got to that math. Remember it could be off slightly, but I don't think by much. Maximum space would be renouncing all FAs and Draft Picks. That gives us $20,013,959.00 in space against a cap of 63.2 million. Then I added in Cap Holds of $915,243.00 for both Douglas-Roberts and Tolliver. I added in the Cap Hold of $5,038,800.00 for McRoberts. I also added in another $915,243.00 for them keeping Taylor. You then have to add in Add in the final Hold of #1,032,200.00 for the 24th pick in the Draft and that leaves us at $11,197,230.00 in space.

I have them renouncing Pargo, Ridnour, and White. My guess is that we had a disconnect on Taylor being picked up. That is an additional $915,243.00, you don't seem to have accounted for, which I did plug in. That seems to tie our two numbers.

I do agree that a million or two makes a huge difference!

[HartfordWhalers]

I see a 5m cap hold for McRobberts, and ~1m each for Toliver, CDR, and the draft pick:
http://data.shamsports.com/content/page ... obcats.jsp

Which would put it at 12m, not 11, and if you assume McRobberts signs for 4m, he can be signed for that reducing the cap hold and getting the team to 13m.

Still a similar number, but jumping from 11 to 13 is potentially a big switch for something like a Hayward rfa offer.

Here is how I got to that math. Remember it could be off slightly, but I don't think by much. Maximum space would be renouncing all FAs and Draft Picks. That gives us $20,013,959.00 in space against a cap of 63.2 million. Then I added in Cap Holds of $915,243.00 for both Douglas-Roberts and Tolliver. I added in the Cap Hold of $5,038,800.00 for McRoberts. I also added in another $915,243.00 for them keeping Taylor. You then have to add in Add in the final Hold of #1,032,200.00 for the 24th pick in the Draft and that leaves us at $11,197,230.00 in space.

I have them renouncing Pargo, Ridnour, and White. My guess is that we had a disconnect on Taylor being picked up. That is an additional $915,243.00, you don't seem to have accounted for, which I did plug in. That seems to tie our two numbers.

I do agree that a million or two makes a huge difference!

Thanks! I was missing Taylor.

But since I'm stubborn and going to get Charlotte that money back, why would they keep the cap holds on CDR and Tolliver? All those cap holds do is allow them to offer 120% of the last year min salary, while with the growth in the cap and the increased tenure, a vet min offer for those players will probably be 95% of that amount.

Instead, they could drop those 2 holds, pick up 1 vet min hold, and gain back ~1.3m; no?

[Smitty731]

Thanks! I was missing Taylor.

But since I'm stubborn and going to get Charlotte that money back, why would they keep the cap holds on CDR and Tolliver? All those cap holds do is allow them to offer 120% of the last year min salary, while with the growth in the cap and the increased tenure, a vet min offer for those players will probably be 95% of that amount.

Instead, they could drop those 2 holds, pick up 1 vet min hold, and gain back ~1.3m; no?

Yeah for sure! I'm actually kind of in agreement with you. But the Charlotte fans I have come across seem to like CDR and Tolliver. Because of that, and the fact that they will have space regardless, I think they keep them and sign them to deals with their increases factored in. Obviously, if they need the extra million or so, I think they renounce them and try to bring them back on Minimum deals.

[Diop]

CDR and Tolliver have both been pleasant surprises this year. Tolliver's 3 pt shooting has been elite at times, while CDR has been a solid scorer off the bench.

But if we spend big on a wing like Hayward, then at least 1 will have to go.
If Taylor didn't get injured this year, we probably wouldn't have signed CDR at all.

[Smitty731]

Updated OP on 6/2.

[Smitty731]

Updated OP on 6/24 to reflect McRoberts opting out.

[Smitty731]

Updated OP on 6/27 to reflect Draft moves.

[Smitty731]

Updated OP on 7/1 to reflect current standing.

[Smitty731]

Updated OP on 7/7 to remove Josh McRoberts Cap Hold

[Smitty731]

Updated OP on 7/10 with official Cap and Tax Apron Numbers and Gordon Hayward Offer Sheet.

[Snidely FC]

Hornets renounced Pargo, Tolliver, White, Ridnour, McRoberts and Douglas-Roberts.

Trolliver, McJesus, Dread Pirate Douglas-Roberts. Dark day in Hornets history.

[HornetJail]

Hornets renounced Pargo, Tolliver, White, Ridnour, McRoberts and Douglas-Roberts.

Trolliver, McJesus, Dread Pirate Douglas-Roberts. Dark day in Hornets history.

I prefer CD-ARRRRRRRRRR, but along with White, Tolly, and Mucho Jannero, he was making the minimum, we really had no reason to retain that cap hold. If we re-sign him it would fit with one of the exceptions- either the minimum exception or the room exception.

[Smitty731]

Updated OP on 7/12 to reflect updated trade with Cleveland and New Orleans and renouncements of Chris Douglas-Roberts, Jannero Pargo, Luke Ridnour, Anthony Tolliver, and D.J. White