Hornets Cap Outlook

[JDR720]

[tweet]https://twitter.com/SpearsNBAYahoo/status/486979090256130048[/tweet]

[JDR720]

That is a lot of cap space

[Liver_Pooty]

That is a lot of cap space

Just wait until 2016.

[BlackOutBuzz]

It's actually about $135k less than projected.

[BlackOutBuzz]

Safe to say we renounced Ridnour.

Al Jefferson - $13,666,667
Gerald Henderson - $6,000,000
Michael Kidd-Gilchrist - $5,016,960
Cody Zeller - $4,030,560
Gary Neal - $3,250,000
Bismack Biyombo - $3,873,898
Kemba Walker - $3,272,091
Jeffrey Taylor - $915,243
Noah Vonleh (cap hold) - $2,103,500
PJ Hairston (cap hold) - $958,100
Gordon Hayward (offer sheet) - $14,769,321
Alonzo Gee (unguaranteed) - $3,000,000

Total - $60,856 340
Cap - $63,065,000
Net Space - $2,208,660

Obviously dumping Gee frees up another 3mil.

Sent from my SM-G900V using RealGM Forums mobile app

[Snidely FC]

Tweet from MarkDeeksNBA on ESPN The Ten Squared:

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

(massive tears shed by me for not retaining CDR)

[LofJ]

That means we're getting ready to sign someone. I imagine it's a backup point guard - Roberts or someone else.

[Vanderbilt_Grad]

And renouncing the rights to CDR does not mean that he's gone for sure. The team can re-sign him, they just don't have bird rights and can't go over the cap by signing him unless it's for the minimum.

[BlackOutBuzz]

We couldn't sign the Hayward offer sheet without renouncing these guys. It's of little consequence, we renounced both McRoberts and Pargo last season as well. There's just little incentive to keep a 1-year cap hold on the books.

Sent from my SM-G900V using RealGM Forums mobile app

[BlackOutBuzz]

Al Jefferson - $13,666,667
Gerald Henderson - $6,000,000
Michael Kidd-Gilchrist - $5,016,960
Cody Zeller - $4,030,560
Gary Neal - $3,250,000
Bismack Biyombo - $3,873,898
Kemba Walker - $3,272,091
Jeffrey Taylor - $915,243
Noah Vonleh (Rookie cap hold) - $2,103,500
PJ Hairston (Rookie cap hold) - $958,100

Total guaranteed - $43,087,019
Scotty Hopson (Unguaranteed) - $1,450,878
Total salary - 44,537,897
Cap - $63,065,000

Back to staring at about $20m in space once we waive Hopson.

Sent from my SM-G900V using RealGM Forums mobile app

[NCHeels2008]

I wonder if we play hardball with Hairston and get him to sign a 80% value contract instead of the customary 120%, especially considering the start he's off to.

[JDR720]

how much money we got now, 7 mill per year for Marvin Williams? about 12 million?

[Liver_Pooty]

how much money we got now, 7 mill per year for Marvin Williams? about 12 million?

Around 14. Only way we go after Stephenson is if we find an alright backup at around 2.5 to 3 mill a year and offers Stephenson 4/44.

[buffaloblue]

how much money we got now, 7 mill per year for Marvin Williams? about 12 million?

Around 14. Only way we go after Stephenson is if we find an alright backup at around 2.5 to 3 mill a year and offers Stephenson 4/44.

If we don't have cap room don't we have use of non luxury tax mle.

[Liver_Pooty]

how much money we got now, 7 mill per year for Marvin Williams? about 12 million?

Around 14. Only way we go after Stephenson is if we find an alright backup at around 2.5 to 3 mill a year and offers Stephenson 4/44.

If we don't have cap room don't we have use of non luxury tax mle.

Yeah, I believe you are right. Would enable us to go over the cap.

[BlackOutBuzz]

Posting an update with the recent signings. My understanding is that you can't use the Room Exception unless you have less than the Room amount ($2.732m this year) in remaining cap space. When we signed Roberts, we had about $4m left in cap space. So even though the original plan may have been to give him the Room, it may not have turned out that way (likely since we got Lance for much cheaper than we were hoping to get Hayward for).

So with that in mind, along with the Stephenson, Willliams, Pargo, and Vonleh signings, I have us at $76,705. We also still have the Room Exception of $2.732m. If I'm wrong and Roberts did in fact get the Room, then just add that amount back into salary (so about $2.8m).

Notes:
Pargo got the 10-year vet min of $1,448,490; however, the NBA reimburses the difference between it and the 3-year vet min, so the cap hit is actually $915,243 (which is the same as Taylor's salary).
It's likely - even probable - that the reason Hairston has yet to sign is his agent issues. However I'll offer another theory: cap flexibility. The $76,705 amount I estimated assumes Vonleh got 120% of his rookie cap hold (as most rooks do), and takes into account Hairston's cap hold of $958,100. Based on my numbers, we can't give Hairston more than 108% of his cap hold and stay below the cap. Of course we can exceed the cap to sign Hairston, but once we do we'll forfeit the Room Exception. So I wonder if we're holding out to keep our options open.

[HornetJail]

Posting an update with the recent signings. My understanding is that you can't use the Room Exception unless you have less than the Room amount ($2.732m this year) in remaining cap space. When we signed Roberts, we had about $4m left in cap space. So even though the original plan may have been to give him the Room, it may not have turned out that way (likely since we got Lance for much cheaper than we were hoping to get Hayward for).

So with that in mind, along with the Stephenson, Willliams, Pargo, and Vonleh signings, I have us at $76,705. We also still have the Room Exception of $2.732m. If I'm wrong and Roberts did in fact get the Room, then just add that amount back into salary (so about $2.8m).

Notes:
Pargo got the 10-year vet min of $1,448,490; however, the NBA reimburses the difference between it and the 3-year vet min, so the cap hit is actually $915,243 (which is the same as Taylor's salary).
It's likely - even probable - that the reason Hairston has yet to sign is his agent issues. However I'll offer another theory: cap flexibility. The $76,705 amount I estimated assumes Vonleh got 120% of his rookie cap hold (as most rooks do), and takes into account Hairston's cap hold of $958,100. Based on my numbers, we can't give Hairston more than 108% of his cap hold and stay below the cap. Of course we can exceed the cap to sign Hairston, but once we do we'll forfeit the Room Exception. So I wonder if we're holding out to keep our options open.

We can sign someone to the room exception first, then sign Hairston to 120% after that though. No harm done just yet. CDR, Sessions, Marion, Williams, Mike Scott, Emeka Okafor, Jordan Hamilton. Would love Ray Allen, but I know that isn't happening. I wouldn't say no to Earl Clark, Antawn Jamison, Ekpe Udoh, Stiemsma, Billups, or even a return of Mullens but I think all can be had for the minimum.

[BlackOutBuzz]

That's kinda what I was eluding to, as long as Hairston remains unsigned we still have the Room Exception to play with.

[Hornet Mania]

I love the fact that we are one of the surprisingly few teams in the league that seem to have a firm grip on all the machinations of the new CBA. Even if we disagree with the salary amount thrown at a player (Marvin, I'm looking at you) there does seem to be a larger plan and a constant awareness of how to maintain maximum flexibility. So many teams get tripped up by tiny nuances in the CBA, but Cho seems to have it locked down. Dude doesn't get enough credit for his bean-counting skills.

[Cheapsuits]

Dude doesn't get enough credit for his bean-counting skills.

Bean counters make the world go 'round. Here's to you Cho.