$58.044mil Cap = TWO Max Contracts Worth of Capspace!*
Posted: Thu Jul 8, 2010 3:29 am
With the 2010-2011 salary cap coming in about $2mil higher than many anticipated, the Nets have an intriguing amount of capspace, even without buying out or trading Kris Humphries.
By my calculations, we have $31,460,203 in capspace. As you may know, "max" contracts are different for different players. A guy with 7-10 years of NBA experience (like, say, LeBron) could make 30% of the cap, in his 1st year, or $17,413,200. Someone with less than 7 years of experience (for example, um, David Lee) can make 25% of the cap, which is $14,511,000. If you've done the math, you'll notice that it seems we're about a half-mil short. BUT, if we were to sign one of these guys, a roster hold would drop from our payroll, dropping the effective cap hit by $473,604. With that in mind, we have just enough for both ($9,607 remaining, but hey, who's counting?).
I have a feeling tomorrow will be a VERY interesting day for the Nets. Enjoy it, guys!
By my calculations, we have $31,460,203 in capspace. As you may know, "max" contracts are different for different players. A guy with 7-10 years of NBA experience (like, say, LeBron) could make 30% of the cap, in his 1st year, or $17,413,200. Someone with less than 7 years of experience (for example, um, David Lee) can make 25% of the cap, which is $14,511,000. If you've done the math, you'll notice that it seems we're about a half-mil short. BUT, if we were to sign one of these guys, a roster hold would drop from our payroll, dropping the effective cap hit by $473,604. With that in mind, we have just enough for both ($9,607 remaining, but hey, who's counting?).
I have a feeling tomorrow will be a VERY interesting day for the Nets. Enjoy it, guys!