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Clarity around our 2010 cap...

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tidho
General Manager
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Clarity around our 2010 cap... 

Post#1 » by tidho » Thu Jul 9, 2009 6:41 pm

I've seen a number of questions about this so I thought it was a good idea to get everyone's heads together.

The league announced a projected major drop in the 2010 salary cap. Right now its $58M or so and it could fall to the $53 range. That's going to make it nearly impossible for the major F/A contenders (NY, NJ, CLE) to sign 2 max guys, although MIA is still in good position to do it.
The other side effect of this is that some of the big names may take their option year now to maximize their money (already Yao is a near lock to do that).

As of yesterday: Not counting LeBron's option, if we pick up JJ Hickson and sign Danny Green we'll have about $20M locked for 2010. Presumably AV and Parker add about $10M to that number. Leaving us with about $23M in cap space. We can't spend all that then sign LeBron though!

In order to maintain Bird rights on LeBron we' have a cap hold for him. I'm not sure exatly how much but i think its somewhere around their previous salary - about $16M. That means we'll have about $7M to spend on free agents, then we'd exceed the cap to pay for LeBron and possibly a Shaq extension.

When all this 2 max contract talk started the cap was projected to be about $63M (we'd have $17M - likely enough for Bosh) but after Andy's deal any hope of that is lost.

We can still trade a non guarenteed Z extension in a sign and trade, but Toronto is going to have no motive to do us any favors. Plus Miami has litterally zero committed for 2010 right now so they could bring in Bosh and then sign Wade, or even pick up Beasley's option and use him in a sign and trade.

Please correct or confirm as apropriate!

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