Memo: Cap could drop to ~50 million next summer?
Posted: Wed Jul 8, 2009 4:55 pm
This could be advantageous for the Kings actually. We currently have 51 million commited to 12 players. 2 million of that is from Mikki Moore. So let's drop that number down to 49 for next summer. K9 expires which is just under 9 million. The Kings look to have around 40 million commited to 11 players next summer.
With a cap at ~50 million and a LTT at ~62 million. There could be some STRUGGLING franchises financially speaking. 1) This could make us a PRIME destination for FA's. As we'd likely be one of the teams able to offer up a 10 million a year average contract. At 50 million, I see the Thunder and a couple other teams in the market for that, besides the FA player own team with their Bird rights. SOO, contractually speaking we might be in the top 5 franchises of teams able to offer big paydays.
Also, this could be an opportunistic summer, next year, as teams look to shed contracts of quality players. We might be able to land a worthwhile prospect/player etc for our pure cap space. It's not sexy, but if teams seek on RELIEF, then this might be a way for us to land a difference-maker with our cap space.
The economy sucks now, and forecasting onward I see it getting WORSE before it gets better. The markets have not been allowed to self-correct and the crap found in our economy has not been purged. Until this process happens, the economy will NOT be lean, it will not grow and will not be efficient. This will DEFINITELY affect sports, as it's considered a 'luxury item'. When people have to start deciding between increased energy bill payments(thank you cap and trade bill) vs. sports tickets. The NBA is what gets cut out in that battle.
So with MANY of these RIDICULOUS sized/length contracts being thrown out over the past few years, there will be a need amongst MANY teams to decrease their payrolls as well as ticket prices, as things are down turning now and moving forward.
With a cap at ~50 million and a LTT at ~62 million. There could be some STRUGGLING franchises financially speaking. 1) This could make us a PRIME destination for FA's. As we'd likely be one of the teams able to offer up a 10 million a year average contract. At 50 million, I see the Thunder and a couple other teams in the market for that, besides the FA player own team with their Bird rights. SOO, contractually speaking we might be in the top 5 franchises of teams able to offer big paydays.
Also, this could be an opportunistic summer, next year, as teams look to shed contracts of quality players. We might be able to land a worthwhile prospect/player etc for our pure cap space. It's not sexy, but if teams seek on RELIEF, then this might be a way for us to land a difference-maker with our cap space.
The economy sucks now, and forecasting onward I see it getting WORSE before it gets better. The markets have not been allowed to self-correct and the crap found in our economy has not been purged. Until this process happens, the economy will NOT be lean, it will not grow and will not be efficient. This will DEFINITELY affect sports, as it's considered a 'luxury item'. When people have to start deciding between increased energy bill payments(thank you cap and trade bill) vs. sports tickets. The NBA is what gets cut out in that battle.
So with MANY of these RIDICULOUS sized/length contracts being thrown out over the past few years, there will be a need amongst MANY teams to decrease their payrolls as well as ticket prices, as things are down turning now and moving forward.
