Cleveland Cavaliers Cap Space

[Smitty731]

Updated 2/25 with signing of Kendrick Perkins.

Current Cap Space: None. $18,312,633.00 over
Maximum Cap Space: None. $18,312,633.00 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: None. $4,647,394.00 over
Tax Apron Space: None. $647,394.00 over
2015-2016 Maximum Cap Space: $36,544,550.00

How I got there:

Guaranteed Contracts (15): Matthew Dellavedova, Joe Harris, Brendan Haywood, Kyrie Irving, LeBron James, James Jones, Kevin Love, Shawn Marion, Mike Miller, Timofey Mozgov, Kendrick Perkins, Iman Shumpert, J.R. Smith, Tristan Thompson, Anderson Varejao

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

Carried Money (4): Will Cherry ($95,499.00), Chris Crawford ($20,000.00), A.J. Price 1 ($43,786.00), A.J. Price 2 ($406,588.00)

FA Cap Holds (0): None

Draft Pick Holds (0): None

Current Exceptions: Room Exception used on Mike Miller. No BAE due to being under the Cap. TPE of $653,816.00 (Keith Bogans).

[jbk1234]

Maximum Cap Space: $24,981,494.00 (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: None.

How I got there:

Guaranteed Contracts (8): Anthony Bennett, Carrick Felix, Kyrie Irving, Jarrett Jack, Sergey Karasev, Tristan Thompson, Dion Waiters, Tyler Zeller

Non-Guaranteed Contracts Kept (1): Matthew Dellavadova

Restricted FAs given Qualifying Offers (0): None

FA Cap Holds (2): Luol Deng, Spencer Hawes

FAs Renounced/Players Waived (4): Alonzo Gee, Scotty Hopson, C.J. Miles, Anderson Varejao (4 million guaranteed)

Draft Pick Holds (1): Pick #9 at $2,103,500.00

Expected Exceptions: MLE Non-Tax Exception at $5,305,000.00 and BAE at $2,077,000.00

Line of Thinking:
Dellavadova seems like a no brainer. Good production at very little cost. I think they want to retain Sign and Trade rights for both Deng and Hawes. Once those situations resolve (both Deng and Hawes have large Cap Holds of 19.1 million and 9.9 million respectively), the Cavs could quickly find themselves with some space. Potentially quite a bit, if they don't sign either Deng or Hawes. Waiving Gee and Hopson, as well as renouncing Miles isn’t prohibitive. Waiving Varejao is tricky and I wasn’t sure which way to go. I know he’s been there a while and seems beloved, but to me saving approximately 5.7 million outweighs what he gives them on the court. I don’t know that he is worth even the 4 million guarantee, but I do know he’s not worth 9.7 million. To me, it is time to move on.

They won't waive Varejao as they can't get an upgrade for $5.7 million (or the actual savings). As the Bynum/Deng trade demonstrated, partially guaranteed contracts in their last year have real trade value. I also can't see them renouncing Miles. He is a very good second unit SG. Obviously, if blue chip talent became available, the calculus changes. But given the expected FAs, I would hope they would hold onto these two players.

[NBADraft2003]

Maximum Cap Space: $24,981,494.00 (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: None.

How I got there:

Guaranteed Contracts (8): Anthony Bennett, Carrick Felix, Kyrie Irving, Jarrett Jack, Sergey Karasev, Tristan Thompson, Dion Waiters, Tyler Zeller

Non-Guaranteed Contracts Kept (1): Matthew Dellavadova

Restricted FAs given Qualifying Offers (0): None

FA Cap Holds (2): Luol Deng, Spencer Hawes

FAs Renounced/Players Waived (4): Alonzo Gee, Scotty Hopson, C.J. Miles, Anderson Varejao (4 million guaranteed)

Draft Pick Holds (1): Pick #9 at $2,103,500.00

Expected Exceptions: MLE Non-Tax Exception at $5,305,000.00 and BAE at $2,077,000.00

Line of Thinking:
Dellavadova seems like a no brainer. Good production at very little cost. I think they want to retain Sign and Trade rights for both Deng and Hawes. Once those situations resolve (both Deng and Hawes have large Cap Holds of 19.1 million and 9.9 million respectively), the Cavs could quickly find themselves with some space. Potentially quite a bit, if they don't sign either Deng or Hawes. Waiving Gee and Hopson, as well as renouncing Miles isn’t prohibitive. Waiving Varejao is tricky and I wasn’t sure which way to go. I know he’s been there a while and seems beloved, but to me saving approximately 5.7 million outweighs what he gives them on the court. I don’t know that he is worth even the 4 million guarantee, but I do know he’s not worth 9.7 million. To me, it is time to move on.

Are you doing this for all the teams? If not, could you do Miami?

[Smitty731]

They won't waive Varejao as they can't get an upgrade for $5.7 million (or the actual savings). As the Bynum/Deng trade demonstrated, partially guaranteed contracts in their last year have real trade value. I also can't see them renouncing Miles. He is a very good second unit SG. Obviously, if blue chip talent became available, the calculus changes. But given the expected FAs, I would hope they would hold onto these two players.

I really struggled with Varejao and what to do with him. You may very well be right. I can see them waiving him, if it means getting a player or not. But other than that, maybe they do hang on to him. I think Miles is a replacement level player. I don't think offers much more than they can get out of another player off the street. But I haven't spent a ton of time watching him and how he fits. He also seems a little redundant with Waiters already there. But good thoughts for sure!

[Smitty731]

Are you doing this for all the teams? If not, could you do Miami?

I am. Alphabetically by city. No bias that way!

[mrmsix6]

I think Miles is a replacement level player. I don't think offers much more than they can get out of another player off the street. But I haven't spent a ton of time watching him and how he fits. He also seems a little redundant with Waiters already there. But good thoughts for sure!

Miles isn't a great player, but he provides perimeter shooting and off-ball play that the roster sorely needs. The Cavs best lineups this year included Miles because of this fact. He isn't redundant with Waiters at all. Miles plays almost exclusively off the ball while Waiters is a combo guard that runs the offense for stretches with and without Irving on the floor.

He certainly isn't a replacement level player, and I'd be fine with the Cavs bringing him back for a similar deal or slightly more than he earned on the previous.

[Smitty731]

Miles isn't a great player, but he provides perimeter shooting and off-ball play that the roster sorely needs. The Cavs best lineups this year included Miles because of this fact. He isn't redundant with Waiters at all. Miles plays almost exclusively off the ball while Waiters is a combo guard that runs the offense for stretches with and without Irving on the floor.

He certainly isn't a replacement level player, and I'd be fine with the Cavs bringing him back for a similar deal or slightly more than he earned on the previous.

Good points. I'll admit that I am still stuck somewhat thinking of him as the high school kid who went to the Jazz and looked lost. Hard to believe he's been in the league for 9 seasons now. I also don't watch a ton of the Cavs, so I am probably missing Miles fit. I know he had a good run for a year or so playing SF, so maybe he is better than I give him credit for.

[sportscrazy]

If Deng and Hawes signed elsewhere and their cap hold was released, how much cap space would the Cavs have?

[Smitty731]

If Deng and Hawes signed elsewhere and their cap hold was released, how much cap space would the Cavs have?

Removing Deng and Hawes, but keeping the cap hold for Miles and adding in the cap hold for the #1 pick, leaves the Cavs with just over 8.5 million in cap space. That is assuming that all the non and partially guaranteed contracts are kept in full as well. And this is before you add back any Exceptions against the cap space as well. Cleveland should have both the Room Exception of ~5.3 million and the Bi-Annual Exception of ~2 million. They could renounce these to have the full ~8.5 million, or do some maneuvering to make it work with the exceptions.

[Smitty731]

Updated OP on 6/2.

[Smitty731]

Updated 6/27 to reflect Draft moves.

[Smitty731]

Updated OP on 7/1 to reflect current standing.

[Smitty731]

Updated OP on 7/3 to remove C.J. Miles Cap Hold.

[jbk1234]

Updated 7/3 to remove C.J. Miles Cap Hold

Current Cap Space: None. $16,848,705.00 over.
Maximum Cap Space: $23,275,142.00 (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)
Tax Room: $29,739,291.00

How I got there:

Guaranteed Contracts (9): Anthony Bennett, Carrick Felix, Brendan Haywood, Kyrie Irving, Jarrett Jack, Sergey Karasev, Tristan Thompson, Dion Waiters, Tyler Zeller

Partial/Non-Guaranteed Contracts Kept to date (3): Matthew Dellavadova, Scotty Hopson, Anderson Varejao

Restricted FAs given Qualifying Offers (0): None

FA Cap Holds (2): Luol Deng, Spencer Hawes

FAs Renounced/Players Waived (0): None

Draft Pick Holds (1): Andrew Wiggins

Current Exceptions: Non-Taxpayer Exception at $5,305,000.00. BAE at $2,077,00.00. No TPEs.

Just an FYI, I think this is last year's cap, not the new cap.

[Smitty731]

Just an FYI, I think this is last year's cap, not the new cap.

Nope. This is everything off 2014-2015 salaries and the assumption is a Cap of 63.2 million and Luxury Tax Apron of 81 million. What was it that made you think otherwise? I do miss occasionally, so I'd like to fix something if you have found a mistake.

[jbk1234]

Just an FYI, I think this is last year's cap, not the new cap.

Nope. This is everything off 2014-2015 salaries and the assumption is a Cap of 63.2 million and Luxury Tax Apron of 81 million. What was it that made you think otherwise? I do miss occasionally, so I'd like to fix something if you have found a mistake.

Are you adding Kyrie's extension in there? He hasn't signed it yet and it doesn't count until it's signed.

[Smitty731]

Just an FYI, I think this is last year's cap, not the new cap.

Nope. This is everything off 2014-2015 salaries and the assumption is a Cap of 63.2 million and Luxury Tax Apron of 81 million. What was it that made you think otherwise? I do miss occasionally, so I'd like to fix something if you have found a mistake.

Are you adding Kyrie's extension in there? He hasn't signed it yet and it doesn't count until it's signed.

I have not added that in yet. It won't kick in for this year anyway. It will start with the 2015-2016 season. If you are questioning why the Cavs are over the Cap, to this point they are still carrying Cap Holds for Deng and Hawes. Combined those are over 29 million. I know I got that question from someone else previously. To my knowledge they haven't renounced, or announced plans to renounce, either player.

[jbk1234]

Nope. This is everything off 2014-2015 salaries and the assumption is a Cap of 63.2 million and Luxury Tax Apron of 81 million. What was it that made you think otherwise? I do miss occasionally, so I'd like to fix something if you have found a mistake.

Are you adding Kyrie's extension in there? He hasn't signed it yet and it doesn't count until it's signed.

I have not added that in yet. It won't kick in for this year anyway. It will start with the 2015-2016 season. If you are questioning why the Cavs are over the Cap, to this point they are still carrying Cap Holds for Deng and Hawes. Combined those are over 29 million. I know I got that question from someone else previously. To my knowledge they haven't renounced, or announced plans to renounce, either player.

I had no idea the cap holds were that high.

[Smitty731]

Updated OP on 7/5 to remove Spencer Hawes Cap Hold.

[Smitty731]

Updated OP on 7/10 with official Cap and Tax Apron Numbers and trade with Boston and Brooklyn.