Stretch provision

sportscrazy · Post #1 » by **sportscrazy** » Wed May 21, 2014 2:29 pm

If the Knicks were to cut J.R. Smith for example using the stretch provision this offseason, how does that work?

How much salary is the team responsible for?

Basically what is the stretch provision in as detailed of an explanation as possible?

Post #2 » by **bondom34** » Wed May 21, 2014 2:57 pm

sportscrazy wrote:If the Knicks were to cut J.R. Smith for example using the stretch provision this offseason, how does that work?

How much salary is the team responsible for?

Basically what is the stretch provision in as detailed of an explanation as possible?

They are still responsible for all of the salary, but it is spread out over more years, and the cap hit can be spread to match. It's spread over double the number of years left on the contract plus one. Questions 64 and 65 of:
http://www.cbafaq.com/salarycap.htm#Q64

sportscrazy · Post #3 » by **sportscrazy** » Wed May 21, 2014 3:14 pm

bondom34 wrote:
sportscrazy wrote:If the Knicks were to cut J.R. Smith for example using the stretch provision this offseason, how does that work?

How much salary is the team responsible for?

Basically what is the stretch provision in as detailed of an explanation as possible?

They are still responsible for all of the salary, but it is spread out over more years, and the cap hit can be spread to match. It's spread over double the number of years left on the contract plus one. Questions 64 and 65 of:
http://www.cbafaq.com/salarycap.htm#Q64

So in the Smith case the Knicks would pay $2.5 Million a year over the next five years if they used it this offseason?

Post #4 » by **bondom34** » Wed May 21, 2014 3:31 pm

sportscrazy wrote:
bondom34 wrote:
sportscrazy wrote:If the Knicks were to cut J.R. Smith for example using the stretch provision this offseason, how does that work?

How much salary is the team responsible for?

Basically what is the stretch provision in as detailed of an explanation as possible?

They are still responsible for all of the salary, but it is spread out over more years, and the cap hit can be spread to match. It's spread over double the number of years left on the contract plus one. Questions 64 and 65 of:
http://www.cbafaq.com/salarycap.htm#Q64

So in the Smith case the Knicks would pay $2.5 Million a year over the next five years if they used it this offseason?

If my math is right, right around that.

DBoys · Post #5 » by **DBoys** » Wed May 21, 2014 4:06 pm

Based on his performance so far, maybe NY will end up using the stretch provision on P Jackson. :lol: