Houston's cap space, and how Dwight fits, calculations expla
Posted: Sun Jun 30, 2013 8:18 pm
There are some people (mostly non-Rockets fans understandably) who are still unsure of the Rockets cap situation and how Dwight's max ($20.5 million) can be afforded. By declining Delfino, Brooks, Anderson, Ohlbrecht, and Garcia, Houston have $16,181,453 in cap space. From there, by trading Thomas Robinson (without taking any salary in return) the cap space moves to $19,217,713 which is close enough considering how much Dwight saves from the fact Texas is an income tax-free state ($4,786,713.82 over 4 years, or $1,094, 342.38 compared to what he would make with the Lakers over 4 years). However, if Dwight wants more the Rockets can also use the Stretch Provision on Royce White which opens up an additional $656,320 in cap room. Here are the calculations:
NOTE: All cap space amounts are calculated to an estimated salary cap of $58.5 million.
James Harden: $13,668,750
Omer Asik: $8,374,646
Jeremy Lin: $8,374,646
Thomas Robinson: $3,526,440
Royce White: $1,719,480
Terrence Jones: $1,551,840
Donatas Motiejunas: $1,422,720
Chandler Parsons: $926,500
Greg Smith: $884,293
Patrick Beverley: $788,872
Tyler Honeycutt: $100,000 (waived)
Roster charge: $490,180
Roster charge: $490,180
Total = $42,318,547 = $16,181,453 in cap room
+ Thomas Robinson ($3,526,440) - cap hold (490,180) = $19,217,713 in cap room
+ Savings from waiving and stretching Royce White ($656,320 which accounts for the cap hold) = $19,874,033
And if we want a little more, we can waive Greg Smith too which saves us an additional $394,113 (which accounts for the cap hold).
For those who are wondering why Asik and Lin's contracts aren't around the $5 million mark, the poison pill contract structure of 5/5/15 only applies to the team that matches (New York, Chicago) otherwise it's averaged out roughly 8.4/8.4/8.4.
I hope this helps.
Sources:
http://www.cbafaq.com
http://www.hoopsworld.com
http://www.shamsports.com/2013/06/the-a ... -will.html
NOTE: All cap space amounts are calculated to an estimated salary cap of $58.5 million.
James Harden: $13,668,750
Omer Asik: $8,374,646
Jeremy Lin: $8,374,646
Thomas Robinson: $3,526,440
Royce White: $1,719,480
Terrence Jones: $1,551,840
Donatas Motiejunas: $1,422,720
Chandler Parsons: $926,500
Greg Smith: $884,293
Patrick Beverley: $788,872
Tyler Honeycutt: $100,000 (waived)
Roster charge: $490,180
Roster charge: $490,180
Total = $42,318,547 = $16,181,453 in cap room
+ Thomas Robinson ($3,526,440) - cap hold (490,180) = $19,217,713 in cap room
+ Savings from waiving and stretching Royce White ($656,320 which accounts for the cap hold) = $19,874,033
And if we want a little more, we can waive Greg Smith too which saves us an additional $394,113 (which accounts for the cap hold).
For those who are wondering why Asik and Lin's contracts aren't around the $5 million mark, the poison pill contract structure of 5/5/15 only applies to the team that matches (New York, Chicago) otherwise it's averaged out roughly 8.4/8.4/8.4.
I hope this helps.
Sources:
http://www.cbafaq.com
http://www.hoopsworld.com
http://www.shamsports.com/2013/06/the-a ... -will.html