Philadelphia 76ers 2015-2016 Cap Space

[Smitty731]

Updated 4/22 - signed Christian Wood.

Current Cap Space: $6,730,165.00
Maximum Cap Space: $6,730,165.00 (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)
Luxury Tax Space: $20,702,995.00
Tax Apron Space: $24,702,995.00
2016-2017 Maximum Cap Space: $64,220,813.00

How I got there:

Guaranteed Contracts (15): Elton Brand, Isaiah Canaan, Robert Covington, Joel Embiid, Jerami Grant, Richaun Holmes, Carl Landry, Kendall Marshall, T.J. McConnell, Nerlens Noel, Jahlil Okafor, Ish Smith, Nik Stauskas, Hollis Thompson, Christian Wood

Partial/Non-Guaranteed Contracts (0): None

Free Agents (2): Charles Jenkins, Byron Mullens

Carried Money (15): $2,836,768.00 (Furkan Aldemir), $750,000.00 (Pierre Jackson), $12,000,000.00 (JaVale McGee), $6,178.00 (Jordan McRae), $183,883.00 (Phil Pressey), $6,178.00 (Jordan Railey), $845,059.00 (Jakarr Sampson), $3,089.00 (J.P. Tokoto), $10,105,855.00 (Gerald Wallace), $2,814,000.00 (Sonny Weems), $200,000.00 (Scottie Wilbekin), $222,392.00 (Christian Wood 1), $30,888.00 (Christian Wood 2), $30,888.00 (Christian Wood 3), $2,179,353.00 (Tony Wroten)

Unsigned First Round Draft Picks (1): Dario Saric

Unsigned Second Round Picks (2): Chukwudiebere Maduabum, Vasilije Micic

Exceptions: Room Exception at $2,814,000.00. No Bi-Annual Exception due to being under the Cap. No TPEs.

[HartfordWhalers]

Updated 3/10

Current Cap Space: $6,990,649.00
Maximum Cap Space: $36,120,588.00
Projected Cap Space: $22,288,159.00 (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)

This caveat should be on maximum, not projected, right?

[Smitty731]

Updated 3/10

Current Cap Space: $6,990,649.00
Maximum Cap Space: $36,120,588.00
Projected Cap Space: $22,288,159.00 (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)

This caveat should be on maximum, not projected, right?

Great call. stupid formatting!

[Smitty731]

Updated 3/10

Current Cap Space: $6,990,649.00
Maximum Cap Space: $36,120,588.00
Projected Cap Space: $22,288,159.00 (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)

This caveat should be on maximum, not projected, right?

Fixed on a bunch of the pages. Really appreciate you catching that!

[Xman]

They could also sign a few guys to decreasing 3 year contracts - with the last year not gauranteed.
Then they have a player that should over perform in Philly and then be good trade bait next year. The team that adds the guy either gets 2 years on the cheap with a bird option or a non guaranteed contract.
Just another way to create some assets.
Plus, it hopefully gives you good contracts to trade.

[HartfordWhalers]

This gets discussed a bunch, but I don't think you create value on average signing free agents. I would argue you are more likely to lose it.

Raw cap space might not be worth much, but overpaid players are worth less. And for every Milsap bargain contract, there is a Lance or Josh Smith that looks really bad. If the team is not using their cap space this year, I think they want to be able to use it next year, and not potentially stuck not able to sign 40m worth of fa's because they thought flipping Wes Mathews for value was possible and it wasn't.

Sure, 5m in cap space could get you Brewer who could get you 2 2nds. But 5m in cap space could also get you 2 2nds without the risk. Wasn't long ago this board thought the Sanders and Pekovic new contracts were both great for those teams.

If Kawhi or Jimmy Butler would take a max offer, I would certainly offer one. But I wouldn't sign someone to flip.

In terms of not using the cap space long term, but still doing something besides dumps... Jason Richardson is still here somehow and apparently is a great vet mentor. And was just giving a statement on how he would like to stay in Philly. LRMM is the guy that got Embiid to where he is. I could see the team bringing both back (shockingly), with each being offered a 1 year deal above what a different team would offer. I cannot believe I am saying that for either.

Also... if I were Hinkie, I would offer KJ McDaniels a 1 year, 5m deal. If Houston wants to match fine. But it doesn't tie up long term cap, and if Houston doesn't, it gets him back under rfa control for next year when you have more of a sense if he is worth matching for a long term big money deal. If someone is offering him 3/15 it won't fly, but if the best offers are more like 3/10, I could see it working.

[the_process]

This gets discussed a bunch, but I don't think you create value on average signing free agents. I would argue you are more likely to lose it.

Raw cap space might not be worth much, but overpaid players are worth less. And for every Milsap bargain contract, there is a Lance or Josh Smith that looks really bad. If the team is not using their cap space this year, I think they want to be able to use it next year, and not potentially stuck not able to sign 40m worth of fa's because they thought flipping Wes Mathews for value was possible and it wasn't.

Sure, 5m in cap space could get you Brewer who could get you 2 2nds. But 5m in cap space could also get you 2 2nds without the risk. Wasn't long ago this board thought the Sanders and Pekovic new contracts were both great for those teams.

If Kawhi or Jimmy Butler would take a max offer, I would certainly offer one. But I wouldn't sign someone to flip.

In terms of not using the cap space long term, but still doing something besides dumps... Jason Richardson is still here somehow and apparently is a great vet mentor. And was just giving a statement on how he would like to stay in Philly. LRMM is the guy that got Embiid to where he is. I could see the team bringing both back (shockingly), with each being offered a 1 year deal above what a different team would offer. I cannot believe I am saying that for either.

Also... if I were Hinkie, I would offer KJ McDaniels a 1 year, 5m deal. If Houston wants to match fine. But it doesn't tie up long term cap, and if Houston doesn't, it gets him back under rfa control for next year when you have more of a sense if he is worth matching for a long term big money deal. If someone is offering him 3/15 it won't fly, but if the best offers are more like 3/10, I could see it working.

Nah. I liked KJ, but his shortcomings were very apparent, and...

1) chances are strong that at least one of their draft picks is a wing who actually makes the team
2) they probably re-sign GRIII to a modified Hinkie special like Grant got
3) they could re-sign JRich to a cheaper deal
4) they still have RoCo and Grant and Hollis and Sampson

Of course, none of that should preclude Sam from offering a max to Kawhi, and when that gets matched, immediately offering a max to Butler if they still can, which would then also be matched. After that, I'd be looking for value at PG somewhere depending on how many picks they stash overseas.

[HartfordWhalers]

Updated 6/3

Current Cap Space: None. $3,831,249.00 over
Maximum Cap Space: $37,478,409.00 (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)
Projected Cap Space: $24,842,160.00
Luxury Tax Space: $42,937,133.00
Tax Apron Space: $46,937,133.00

How I got there:

Guaranteed Contracts (5): Furkan Aldemir, Joel Embiid, Jerami Grant, Nerlens Noel, Tony Wroten

Partial/Non-Guaranteed Contracts Kept (4): Isaiah Canaan, Robert Covington, Jakarr Sampson, Hollis Thompson

Restricted FAs given Qualifying Offers (2): Glenn Robinson III, Henry Sims

FA Cap Holds (1): Thomas Robinson

FAs Renounced/Players Waived (5): Charles Jenkins, Luc Richard Mbah a Moute, Byron Mullens, Jason Richardson, Ishmael Smith

Draft Pick Holds (3): Pick #3, Dario Saric

Carried Money: $12,000,000.00 (JaVale McGee)

Expected Exceptions (based on Cap space projection, subject to change): Room Exception at $2,814,000.00. No Bi-Annual due to being under the Cap. No TPEs.

Line of Thinking:
Is this the year Philadelphia starts to build a team? Or are they still collecting assets and hoarding Cap space? It is hard to guess for sure. Here is what we know: Embiid, Noel and Wroten are still on their Rookie Scale deals. They are young and cheap, but the 76ers would likely move any one of them if they right package came along, ala Michael Carter-Williams. Grant is on a guaranteed deal for the minimum, so he will likely stay or be moved along if/when his roster spot is needed. I think Philly will definitely hang on to all the partial/non-guaranteed guys. All of them are cheap and worth at least the contract they have.

As for the Free Agents, things start to get interesting here. I see both RFAs getting Qualifying Offers. They claimed Robinson III to take a look. A 20 game or so sample is nice, but I think the Sixers might want a longer look. I think Sims is a lock to get a QO. While they have plenty of big men, there is no reason to let a decent big man walk when he’s as cheap as Sims is.

For UFAs, I think they will keep the rights for Thomas Robinson. He still has potential, so no reason not to at least keep his rights for now. I could see Mbah a Moute coming back, but for far less than his Cap Hold amount. I ultimately see him being renounced. Smith is a minimum salary guy, so no reason to hang on to his rights. And I think the 76ers will be happy to see Richardson finally expire and will renounce him almost as quick as they can.

Philadelphia has been in the mode of collecting assets for a couple of seasons now. Is this coming year the year when they try to step forward and try to be a playoff contender? They have some pieces (Embiid, Noel, Saric, picks) and plenty of Cap space. I could see them taking a shot on some vets if they come cheap enough. Most likely, I think the 76ers are looking at least at another tough season. Hinkie has put his team on a course and stuck to it. Eventually, there will have to be major strides forward. Maybe not this coming year, but that time can’t be too far off.

Okay now that this is up to date, I sent you a question on the current cap status.

But in terms of next year, I don't see Robinson back. He is 24, and right now the Sixers long term big rotation looks like:

PF: Noel / Saric / Furkan
C: Embiid / Noel? / Furkan

with those 4 more than capable of manning the rotation minutes wise (30 minutes a piece for Saric, Noel, and Embiid basically already fills the rotation.

I would expect Thomas Robinson to want a long term deal, and Philly to not be willing to offer more than the minimum with partial (if that) guarantees on the years out. Meanwhile, the Nets can offer him a mini MLE or something, or someone else, and I think he is gone. Also just doesn't strike me as a Hinkie type player.

Similarly, I think Sims walks. He is a jump shooting big that is an adequate scoring backup center, but Philly has no need to lock into an older guy like him when you can take a flier on a cheap rookie with a much lower floor and a higher ceiling.

Glenn Robinson I'm not sold gets the qualifying offer either. I think Philly will only want to bring him back on a multi-year Hinkie special, and the reason to agree to capping your salary upside is pretty moot when you have a guaranteed q/o that pays the same in year 1 and doesn't actually guarantee anything after it. I think Philly doesn't q/o him, tries to get him to sign a 4 year min deal, and he ultimately finds someone bottom fishing with a slightly better offer and leaves.

Also, I know the description of Joel and Noel is from before, but everything Philly has done has been about getting top 20 players. I don't see a trade for either of them unless there is a better chance of getting one, as each have that potential.

But back on the cap space, I'm just eyeballing it, but if you run it as I suggest with:

Guaranteed Contracts (5): Furkan Aldemir, Joel Embiid, Jerami Grant, Nerlens Noel, Tony Wroten

Partial/Non-Guaranteed Contracts Kept (4): Isaiah Canaan, Robert Covington, Jakarr Sampson, Hollis Thompson

FAs Renounced/Players Waived (8): Charles Jenkins, Luc Richard Mbah a Moute, Byron Mullens, Jason Richardson, Ishmael Smith, Glenn Robinson III, Henry Sims, Thomas Robinson

Draft Pick Holds (1): Pick #3, {Dario Saric -- remove this cap hold as he will be under contract in Europe}

Carried Money: $12,000,000.00 (JaVale McGee)

Could you give an exact cap room figure? Thanks!

[Smitty731]

After our PMs, let me fix the Saric hold. I could have sworn I read he had an out for this summer that he would exercise. But I just checked and he definitely doesn't. Not sure where my confusion came from.

I'm gonna leave the others as I projected for now. We'll have to agree to disagree. But I will run the numbers with your scenario for you. give me a little bit to put it together.

[HartfordWhalers]

Oh, and while we are bumping this, it kills me to see I suggested a 1 year deal for a restricted free agent when you cannot offer that.

Thanks everyone for not noticing or, more likely, being too polite to eviscerate me for it.

[Smitty731]

Okay now that this is up to date, I sent you a question on the current cap status.

But in terms of next year, I don't see Robinson back. He is 24, and right now the Sixers long term big rotation looks like:

PF: Noel / Saric / Furkan
C: Embiid / Noel? / Furkan

with those 4 more than capable of manning the rotation minutes wise (30 minutes a piece for Saric, Noel, and Embiid basically already fills the rotation.

I would expect Thomas Robinson to want a long term deal, and Philly to not be willing to offer more than the minimum with partial (if that) guarantees on the years out. Meanwhile, the Nets can offer him a mini MLE or something, or someone else, and I think he is gone. Also just doesn't strike me as a Hinkie type player.

Similarly, I think Sims walks. He is a jump shooting big that is an adequate scoring backup center, but Philly has no need to lock into an older guy like him when you can take a flier on a cheap rookie with a much lower floor and a higher ceiling.

Glenn Robinson I'm not sold gets the qualifying offer either. I think Philly will only want to bring him back on a multi-year Hinkie special, and the reason to agree to capping your salary upside is pretty moot when you have a guaranteed q/o that pays the same in year 1 and doesn't actually guarantee anything after it. I think Philly doesn't q/o him, tries to get him to sign a 4 year min deal, and he ultimately finds someone bottom fishing with a slightly better offer and leaves.

Also, I know the description of Joel and Noel is from before, but everything Philly has done has been about getting top 20 players. I don't see a trade for either of them unless there is a better chance of getting one, as each have that potential.

But back on the cap space, I'm just eyeballing it, but if you run it as I suggest with:

Guaranteed Contracts (5): Furkan Aldemir, Joel Embiid, Jerami Grant, Nerlens Noel, Tony Wroten

Partial/Non-Guaranteed Contracts Kept (4): Isaiah Canaan, Robert Covington, Jakarr Sampson, Hollis Thompson

FAs Renounced/Players Waived (8): Charles Jenkins, Luc Richard Mbah a Moute, Byron Mullens, Jason Richardson, Ishmael Smith, Glenn Robinson III, Henry Sims, Thomas Robinson

Draft Pick Holds (1): Pick #3, {Dario Saric -- remove this cap hold as he will be under contract in Europe}

Carried Money: $12,000,000.00 (JaVale McGee)

Could you give an exact cap room figure? Thanks!

Ok, I did this quick, but if you take out Cap Holds for Robinson III, Robinson, and Sims and remove Saric, it leaves Philadelphia with $32,545,363.00 in Cap space.

If you just remove Saric it leaves the 76ers with $26,708,660.00 in Cap space. Saric's Cap Hold is for $1,866,500.00.

[HartfordWhalers]

Okay now that this is up to date, I sent you a question on the current cap status.

But in terms of next year, I don't see Robinson back. He is 24, and right now the Sixers long term big rotation looks like:

PF: Noel / Saric / Furkan
C: Embiid / Noel? / Furkan

with those 4 more than capable of manning the rotation minutes wise (30 minutes a piece for Saric, Noel, and Embiid basically already fills the rotation.

I would expect Thomas Robinson to want a long term deal, and Philly to not be willing to offer more than the minimum with partial (if that) guarantees on the years out. Meanwhile, the Nets can offer him a mini MLE or something, or someone else, and I think he is gone. Also just doesn't strike me as a Hinkie type player.

Similarly, I think Sims walks. He is a jump shooting big that is an adequate scoring backup center, but Philly has no need to lock into an older guy like him when you can take a flier on a cheap rookie with a much lower floor and a higher ceiling.

Glenn Robinson I'm not sold gets the qualifying offer either. I think Philly will only want to bring him back on a multi-year Hinkie special, and the reason to agree to capping your salary upside is pretty moot when you have a guaranteed q/o that pays the same in year 1 and doesn't actually guarantee anything after it. I think Philly doesn't q/o him, tries to get him to sign a 4 year min deal, and he ultimately finds someone bottom fishing with a slightly better offer and leaves.

Also, I know the description of Joel and Noel is from before, but everything Philly has done has been about getting top 20 players. I don't see a trade for either of them unless there is a better chance of getting one, as each have that potential.

But back on the cap space, I'm just eyeballing it, but if you run it as I suggest with:

Guaranteed Contracts (5): Furkan Aldemir, Joel Embiid, Jerami Grant, Nerlens Noel, Tony Wroten

Partial/Non-Guaranteed Contracts Kept (4): Isaiah Canaan, Robert Covington, Jakarr Sampson, Hollis Thompson

FAs Renounced/Players Waived (8): Charles Jenkins, Luc Richard Mbah a Moute, Byron Mullens, Jason Richardson, Ishmael Smith, Glenn Robinson III, Henry Sims, Thomas Robinson

Draft Pick Holds (1): Pick #3, {Dario Saric -- remove this cap hold as he will be under contract in Europe}

Carried Money: $12,000,000.00 (JaVale McGee)

Could you give an exact cap room figure? Thanks!

Ok, I did this quick, but if you take out Cap Holds for Robinson III, Robinson, and Sims and remove Saric, it leaves Philadelphia with $32,545,363.00 in Cap space.

If you just remove Saric it leaves the 76ers with $26,708,660.00 in Cap space. Saric's Cap Hold is for $1,866,500.00.

Yeah, that 32.5m is the figure I am going to use. I'm not saying that Philly only brought in TRobinson to be cheap and save a bundle... but I think they did.

The only one I have any serious doubt on is Glenn Robinson, and then I remember about Covington.

The second he was cut, Philly did not waiver claim him and his 2 years left on his deal. But instantly offer him a 4 year deal. Hinkie had been in Houston and was a part of them at the time leading up to the draft and liking him, and clearly had a large interest. Yet even with that, the team wouldn't take 2 guaranteed cheap years (this and next), and demanded a new cheap 4 year set up. After going to the dleague for a week, the team finally got Covington to bite offering a full 1m this year.

All of which is to say, even if Hinkie finds GR3 the athletic incapable of shooting young prospect that is worth a flier and really likes him (versus just the money save), I think the team sticks to its guns on 4 cheap years or go elsewhere.

[Smitty731]

Yeah, that 32.5m is the figure I am going to use. I'm not saying that Philly only brought in TRobinson to be cheap and save a bundle... but I think they did.

The only one I have any serious doubt on is Glenn Robinson, and then I remember about Covington.

The second he was cut, Philly did not waiver claim him and his 2 years left on his deal. But instantly offer him a 4 year deal. Hinkie had been in Houston and was a part of them at the time leading up to the draft and liking him, and clearly had a large interest. Yet even with that, the team wouldn't take 2 guaranteed cheap years (this and next), and demanded a new cheap 4 year set up. After going to the dleague for a week, the team finally got Covington to bite offering a full 1m this year.

All of which is to say, even if Hinkie finds GR3 the athletic incapable of shooting young prospect that is worth a flier and really likes him (versus just the money save), I think the team sticks to its guns on 4 cheap years or go elsewhere.

You could well be right. I just don't see Philadelphia immediately renouncing anyone out of Robinson III, Robinson or Sims. I think all are worth keeping at some level. If, for some reason, they go with another big at Pick #3, then I change my mind and both Robinson and Sims are gone.

[Smitty731]

Updated OP to remove Dario Saric Cap Hold as he is signed outside the NBA for the 2015-2016 season.

[marcush]

Appreciate you doing this series again Smitty, I was hoping Hinkie didn't put you into early retirement. Looking forward to another crazy cap year.

[Smitty731]

Appreciate you doing this series again Smitty, I was hoping Hinkie didn't put you into early retirement. Looking forward to another crazy cap year.

Thanks for the kind words! The more moves the better for me. I love updating the Cap sheets! Yes I'm an odd duck.

[HartfordWhalers]

Updated 10/27 - updated amounts for Jordan McRae and J.P. Tokoto.

Current Cap Space: $11,024,991.00
Maximum Cap Space: $14,717,512.00 (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)
Luxury Tax Space: $24,818,408.00
Tax Apron Space: $28,818,408.00
2016-2017 Maximum Cap Space: $71,794,090.00

How I got there:

Guaranteed Contracts (10): Isaiah Canaan, Joel Embiid, Jerami Grant, Richaun Holmes, Carl Landry, Kendall Marshall, Nerlens Noel, Jahlil Okafor, Nik Stauskas, Tony Wroten

Partial/Non-Guaranteed Contracts (5): Robert Covington, T.J. McConnell, Jakarr Sampson, Hollis Thompson, Christian Wood

Free Agents (2): Charles Jenkins, Byron Mullens

Carried Money (7): $2,836,768.00 (Furkan Aldemir), $750,000.00 (Pierre Jackson), $12,000,000.00 (JaVale McGee), $6,178.00 (Jordan McRae), $6,178.00 (J.P. Tokoto), $200,000.00 (Scottie Wilbekin), $10,105,855.00 (Gerald Wallace)

Unsigned First Round Draft Picks (1): Dario Saric

Unsigned Second Round Picks (2): Chukwudiebere Maduabum, Vasilije Micic

Exceptions: Room Exception at $2,814,000.00. No Bi-Annual Exception due to being under the Cap. No TPEs.

Pressey Update as a 16th man. Apparently a 1 year deal only, was kinda surprised as I expected Philly to hold out for cheap future years and deal with the roster crunch when it comes.

[Smitty731]

Pressey Update as a 16th man. Apparently a 1 year deal only, was kinda surprised as I expected Philly to hold out for cheap future years and deal with the roster crunch when it comes.

Working on it. Only to Charlotte so far.

[BullyKing]

Updated 10/27 - updated amounts for Jordan McRae and J.P. Tokoto.

Current Cap Space: $11,024,991.00
Maximum Cap Space: $14,717,512.00 (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)
Luxury Tax Space: $24,818,408.00
Tax Apron Space: $28,818,408.00
2016-2017 Maximum Cap Space: $71,794,090.00

How I got there:

Guaranteed Contracts (10): Isaiah Canaan, Joel Embiid, Jerami Grant, Richaun Holmes, Carl Landry, Kendall Marshall, Nerlens Noel, Jahlil Okafor, Nik Stauskas, Tony Wroten

Partial/Non-Guaranteed Contracts (5): Robert Covington, T.J. McConnell, Jakarr Sampson, Hollis Thompson, Christian Wood

Free Agents (2): Charles Jenkins, Byron Mullens

Carried Money (7): $2,836,768.00 (Furkan Aldemir), $750,000.00 (Pierre Jackson), $12,000,000.00 (JaVale McGee), $6,178.00 (Jordan McRae), $6,178.00 (J.P. Tokoto), $200,000.00 (Scottie Wilbekin), $10,105,855.00 (Gerald Wallace)

Unsigned First Round Draft Picks (1): Dario Saric

Unsigned Second Round Picks (2): Chukwudiebere Maduabum, Vasilije Micic

Exceptions: Room Exception at $2,814,000.00. No Bi-Annual Exception due to being under the Cap. No TPEs.

Pressey Update as a 16th man. Apparently a 1 year deal only, was kinda surprised as I expected Philly to hold out for cheap future years and deal with the roster crunch when it comes.

I thought I saw somewhere that it was a 3yr for 3mil deal.

[Smitty731]

Pressey Update as a 16th man. Apparently a 1 year deal only, was kinda surprised as I expected Philly to hold out for cheap future years and deal with the roster crunch when it comes.

I thought I saw somewhere that it was a 3yr for 3mil deal.

I have 1 year non-guaranteed. QO next year.