SacKingsPejaFan wrote:Legitimately curious here - can someone show me the math that says we only have $8 million in cap space next year? Reports say the cap is projected to be $66 million next year (
http://www.businessinsider.com/nba-salary-cap-2015-3). Hoops Hype shows we have $52 million committed in salary next year if we do not extend a QO to Derrick Williams (at $8m, no way we do) and do not pick up Moreland and Stockton's options (both less than $1m) (
http://hoopshype.com/salaries/sacramento.htm). So by my math, that's about $14 million in cap space next year. What are you guys seeing that I'm not?
This is the calculation, to the best of my knowledge. Feel free to correct me where wrong.
So these are the salaries that the Kings have next season. This assumes the Kings release all cap holds. Via Sham Sports (the best) and hoopshype.
DeMarcus Cousins $15,851,950
Rudy Gay $12,403,101
Carl Landry $6,500,000
Jason Thompson $6,431,250
Darren Collison $5,013,559
Ben McLemore $3,156,600
Nik Stauskas $2,869,440
Ray McCallum $947,276 - Unguaranteed
David Stockton $845,059 - Unguaranteed
Eric Moreland $845,059 - Unguaranteed
Kings also get the sixth pick. Therefore they have a cap hold of $2,831,900.
Whenever a team doesn't have 12 players (the rookie hold counts as a player), you have to add an extra minimum salary roster payer. So, add one player at $525,093. Remember this...if the Kings waive Stockton, Moreland, or McCallum, they only save roughly $300,000 on the cap.
The Kings stretched Wayne Ellington's salary last year. He was to be paid $2,771,340. His salary is added to this year's cap and next year's at a rate of $923,780.
Total Kings Cap Holds - $59,144,067
If cap is $66 million, the Kings have $6,855,933 in cap room.
Does that help?
Edit: I think this might be helpful too.
Carl Landy is owed $6,500,000 next season and the one after that. So, we can stretch him and owe him $2,600,000 over the next five years. His strech would gain us (6500000-2600000-525093) in cap room. So $3,374,907 in cap room. Raising our cap room to $10,230,840.