MIN - WAS

[Biff Cooper]

Wyn's spreadsheet already shows Washington under the lux. Are you sure they need to shed more salary?

[jade_hippo]

Wyn's spreadsheet already shows Washington under the lux. Are you sure they need to shed more salary?

were they ever over? now that they know they aren't going to win games its all about the bottom line economically.

[Krapinsky]

Wyn's spreadsheet already shows Washington under the lux. Are you sure they need to shed more salary?

Those numbers for Arenas and Crittendon look awful low. I know they get a discount for the suspension but that's more than i thought.

[Iommi]

Am I the only guy who likes Josh Howard as a person?

[Biff Cooper]

Wyn's spreadsheet already shows Washington under the lux. Are you sure they need to shed more salary?

Those numbers for Arenas and Crittendon look awful low. I know they get a discount for the suspension but that's more than i thought.

I think you are right. When I had approximately computed it before, Washington was about 3.5-4 mil over the lux. This deal only saved them about 2.4. Don't know how they are almost a mil below the lux now.

[shrink]

I'm conflicted.

I got the pre-trade number of $4.8 from the WAS board from nate, who's one of the best numbers guys on this site. I think the actual number was $4.7975.

On the other hand, wyn has been phenomenal with numbers as well, and he's actually passed sham and storyteller as my #1 site for the best financial information.

[Biff Cooper]

According to the guys on the Washington board, an NBA player is paid on a per game basis based on 8 preseason games + 82 regular season games. So Arenas and Crittenden played 8 + 32 before they were suspended. The games after they were suspended, the Wiz are only on the hook for 50% of their salary (which I believe is paid to the league).

Actually looking at the numbers, I think the guys on the Washington board might have their numbers wrong. I think they were using 35 games played rather than 40. I'm getting that they are still $4.22 mil over the lux currently

This is what I wrote on another post on Feb 2 - prior to the trade. I'm assuming the 8+82 game basis is correct, but haven't checked with the CBA.

[shrink]

Want another heavyweight weighing in? Here's Larry Coon, in his blog for the New York Times

http://offthedribble.blogs.nytimes.com/ ... o-wizards/

First, I was unclear yesterday when I wrote that 50 percent of Arenas’s salary would come off the Wizards’ cap while he is serving his suspension. That is only true for specific purposes — for example, when computing the amount the Wizards will owe in luxury tax. When calculating the Wizards’ tax bill, the accountants will subtract 1/220th of Arenas’s annual salary for each missed game. If Arenas’s suspension lasts the remainder of the season, the Wizards will save about $3.68 million on their tax bill.

Even if Arenas is suspended for the rest of the season, the Wizards would still owe about $5 million in luxury tax.

Crittendon was also suspended, so that makes the $4.8 initial figure seem reasonable.