Omer Asik and Rockets agree to deal 3 years 25 million

[micromonkey]

I think they have to match no matter what.
Then either trade him on your own terms or bite the bullet in Y3--it gives you 2 years to dump salary or trade him.

Cap question--since technically we would be matching does it count the same as using MLE or would we also have a usable MLE (in theory).

[Jimmy Forums]

Two glimmers of hope Knicks fans: 1. All verbal agreements aren't binding until 7/11. Fields could back out & agree to s&t with Knicks-Suns

We still have the possibilty to work a sign and trade, because Asik has not officially signed his offer sheet.

RT @HowardBeckNYT: All deals being agreed to during moratorium are unofficial. Nothing has been, or can be, signed.

[thunderspirit]

Cap question--since technically we would be matching does it count the same as using MLE or would we also have a usable MLE (in theory).

As I understand it, matching Asik requires using the MLE since the Bulls are over the cap.

[Magilla_Gorilla]

Two glimmers of hope Knicks fans: 1. All verbal agreements aren't binding until 7/11. Fields could back out & agree to s&t with Knicks-Suns

We still have the possibilty to work a sign and trade, because Asik has not officially signed his offer sheet.

RT @HowardBeckNYT: All deals being agreed to during moratorium are unofficial. Nothing has been, or can be, signed.

Can we do a S&T? Yes.

Will we? No.

The most we can sign Asik to in a S&T is ~ 4yrs 22 million. Asik is getting 3yrs 25 million from the Rockets - why would he agree to a S&T?

[Magilla_Gorilla]

Cap question--since technically we would be matching does it count the same as using MLE or would we also have a usable MLE (in theory).

As I understand it, matching Asik requires using the MLE since the Bulls are over the cap.

As I understand it - matching Asik will put us over the tax - which means we will have the MMLE available.

[thunderspirit]

Cap question--since technically we would be matching does it count the same as using MLE or would we also have a usable MLE (in theory).

As I understand it, matching Asik requires using the MLE since the Bulls are over the cap.

As I understand it - matching Asik will put us over the tax - which means we will have the MMLE available.

Hmm -- that seems strange that they'd be able to have both exceptions in the same year.

Researching on Larry Coon's site now.

[aaqubed]

Hmm -- that seems strange that they'd be able to have both exceptions in the same year.

Researching on Larry Coon's site now.

We do not have both exceptions. If we match, we would not be using the MLE, we'd be using Early Bird Rights. Then we'd probably be over the tax and would be able to use the MMLE. If we do not match, I believe we'd be under the tax and therefore we would have the MLE.

[thunderspirit]

Hmm -- that seems strange that they'd be able to have both exceptions in the same year.

Researching on Larry Coon's site now.

We do not have both exceptions. If we match, we would not be using the MLE, we'd be using Early Bird Rights. Then we'd probably be over the tax and would be able to use the MMLE. If we do not match, I believe we'd be under the tax and therefore we would have the MLE.

Ah, using the Early Bird makes more sense. Thanks.

[imagge]

Hmm -- that seems strange that they'd be able to have both exceptions in the same year.

Researching on Larry Coon's site now.

We do not have both exceptions. If we match, we would not be using the MLE, we'd be using Early Bird Rights. Then we'd probably be over the tax and would be able to use the MMLE. If we do not match, I believe we'd be under the tax and therefore we would have the MLE.

That's not how I read this, matching Asik does not downgrade us the the tax payer MLE

NON-TAXPAYER MID-LEVEL EXCEPTION -- This exception is available only when a team is below the "apron" (i.e., not paying luxury tax, or less than $4 million above the tax line). This determination is made after the exception is used, so a team below the apron cannot use this exception if doing so takes it above the apron. It cannot be used by a team that has already used the Taxpayer Mid-Level Exception or the Room Mid-Level exception. It allows a team to sign any free agent to a contract with a starting salary up to the following amounts

Matching Asik would put them right at the tax line but below the 4 mil threshold so the Bulls would retain the full MLE. Is this not how everyone is interpreting it?

[Magilla_Gorilla]

Hmm -- that seems strange that they'd be able to have both exceptions in the same year.

Researching on Larry Coon's site now.

We do not have both exceptions. If we match, we would not be using the MLE, we'd be using Early Bird Rights. Then we'd probably be over the tax and would be able to use the MMLE. If we do not match, I believe we'd be under the tax and therefore we would have the MLE.

That's not how I read this, matching Asik does not downgrade us the the tax payer MLE

NON-TAXPAYER MID-LEVEL EXCEPTION -- This exception is available only when a team is below the "apron" (i.e., not paying luxury tax, or less than $4 million above the tax line). This determination is made after the exception is used, so a team below the apron cannot use this exception if doing so takes it above the apron. It cannot be used by a team that has already used the Taxpayer Mid-Level Exception or the Room Mid-Level exception. It allows a team to sign any free agent to a contract with a starting salary up to the following amounts

Matching Asik would put them right at the tax line but below the 4 mil threshold so the Bulls would retain the full MLE. Is this not how everyone is interpreting it?

Is that with or without Korver/Watson?

[imagge]

Magilla,

Under the assumption the Bulls are dumping both.

[PistolP]

Matching Asik would put them right at the tax line but below the 4 mil threshold so the Bulls would retain the full MLE. Is this not how everyone is interpreting it?

Asik at $5m, plus MLE at $5m, plus filling out the roster would leave us over $74m, so can't use the full MLE

Had we made a decision to let Asik walk already, we could have offered the full MLE to someone like Jason Terry.

[1rage]

Matching Asik would put them right at the tax line but below the 4 mil threshold so the Bulls would retain the full MLE. Is this not how everyone is interpreting it?

Asik at $5m, plus MLE at $5m, plus filling out the roster would leave us over $74m, so can't use the full MLE

Had we made a decision to let Asik walk already, we could have offered the full MLE to someone like Jason Terry.

i'm sure we were guaranteed to land Terry. of course no decisions have to be made and he would've signed up instantly with that MLE.

[aaqubed]

Hmm -- that seems strange that they'd be able to have both exceptions in the same year.

Researching on Larry Coon's site now.

We do not have both exceptions. If we match, we would not be using the MLE, we'd be using Early Bird Rights. Then we'd probably be over the tax and would be able to use the MMLE. If we do not match, I believe we'd be under the tax and therefore we would have the MLE.

That's not how I read this, matching Asik does not downgrade us the the tax payer MLE

NON-TAXPAYER MID-LEVEL EXCEPTION -- This exception is available only when a team is below the "apron" (i.e., not paying luxury tax, or less than $4 million above the tax line). This determination is made after the exception is used, so a team below the apron cannot use this exception if doing so takes it above the apron. It cannot be used by a team that has already used the Taxpayer Mid-Level Exception or the Room Mid-Level exception. It allows a team to sign any free agent to a contract with a starting salary up to the following amounts

Matching Asik would put them right at the tax line but below the 4 mil threshold so the Bulls would retain the full MLE. Is this not how everyone is interpreting it?

I don't think we'd be able to use the full MLE because it would push us over the apron. But that might just be if we keep CJ, Brewer, or Korver though.

[PistolP]

Had we made a decision to let Asik walk already, we could have offered the full MLE to someone like Jason Terry.

i'm sure we were guaranteed to land Terry. of course no decisions have to be made and he would've signed up instantly with that MLE.

There's no guarantees in anything, but we just missed a chance to be proactive.

[imagge]

Matching Asik would put them right at the tax line but below the 4 mil threshold so the Bulls would retain the full MLE. Is this not how everyone is interpreting it?

Asik at $5m, plus MLE at $5m, plus filling out the roster would leave us over $74m, so can't use the full MLE

Had we made a decision to let Asik walk already, we could have offered the full MLE to someone like Jason Terry.

It would be real close, but it could possibly be done.....the salary cap or the tax line has not been set yet. So let's say the cap is 59 mil with the lux tax at 71 mil which takes the 4 mil apron to 75 mil. Lets' take a look using Sham's numbers:

With 11 player including Omer's QO the Bulls come in at:

$75,964,363

Now subtract

$75,964,363
- 5,000,000 Kyle Korver
70,964,363
- 4,370,000 Ronnie Brewer
66,594,363
-3,200,000 CJ Watson
63,394,363
- 2,321,875 Omer's QO
61,072,488


Raw numbers with 7 players = $ 61,072,488

Now add

61,072,488
+ 857,000 Teague
61,929,488
+ 5,000,000 (Omer deal)
66,929,488
+ 5,000,000 (Full MLE)
71,929,488

10 players $71,929,488

Add Kirk @ 1.5 mil (I believe is a vet min deal) = $73,429,488 add in un-drafted rookie vet min of $473,604 and your Total Salaries come to

$73,903,092 - This number comes in under the old apron of 74 Mil in order to use the Full MLE. Remember the cap, the tax or the apron is not set until July 11th. I estimated a cap of 59 mil, tax line of 71 mil with a Full MLE apron of 75 mil (4 mil above the tax line). Now if the tax apron moves to 75 mil the Bulls can sign a 13th player and come in under 75 mil. If the Bulls feel they need 13 under the old apron of 74 mil then either split the Full MLE or sign 2 min deals instead of Kirk's 1 deal.

[Tommy Udo 6]

For Teague: $857,000 is base salary.

He will not get that. All First Rounders get the Full 120% of base.

Teague's salary will be $1,028,400 for next season

[boogydown]

I don't think Jason Terry ever wanted to come here. He is almost 36, Bulls need a younger option.

Cough: OJ Mayo

[imagge]

For Teague: $857,000 is base salary.

He will not get that. All First Rounders get the Full 120% of base.

Teague's salary will be $1,028,400 for next season

First of all that's not true I believe Henry for the Grizz did not get the full 120%.... but you can still come in under the old Apron of 74 mil, if Kirk is their man his deal will be 2 yrs and the first year will be a little over 1.2 mil. Again that keeps you under the 74 mil apron but the cap, tax line and apron could all go up.

[Tommy Udo 6]

For Teague: $857,000 is base salary.

He will not get that. All First Rounders get the Full 120% of base.

Teague's salary will be $1,028,400 for next season

First of all that's not true I believe Henry for the Grizz did not get the full 120%.... but you can still come in under the old Apron of 74 mil, if Kirk is their man his deal will be 2 yrs and the first year will be a little over 1.2 mil. Again that keeps you under the 74 mil apron but the cap, tax line and apron could all go up.

Dont you remember? Grizz owner did not want to give Henry 120% - and Henry refused to sign.

Later the owner publically said that he misinterpreted the rules - and Henry got the 120%.

Why would any team want to piss off its top draftees by saying they are not worth 120%?????

Bulls have always given it.