bigfoot wrote:So lets assume the Beal buyout happens and the Suns waive/stretch Beal. What's the cap situation look like? Is below correct?
The buyout waive/stretch must satisfy the max dead space rule which is 15% of the $154.647M cap or $23.2M. But the Suns already have $3.8M in dead space. So they can stretch only 23.2M-3.8M or $19.4M. Beal's salary this season is $53.7M. That's 53.7M-19.4M or 34.3M reduction in the Suns cap.
But even gets better. Say he signs with Clips for one season at $5.3M. That comes off the Suns's books too. So the Suns get a $39.6M in cap relief. Their salary currently sits at $214.8M so the reduction of $39.6M would be $175.2M. The lux tax is applied for teams whose salary is over $187.9M. The Suns would be under the lux tax and would want to stay there for a couple of seasons to avoid repeater tax rules. It gives them some wiggle room ($11M) to fill out the remainder of the roster.
Let say next season Beal signs for a full MLE somewhere. The full MLE next year is about $15M so the actual cap hit for Beal is about $4.4M. This waive/stretch may not be as bad as people are thinking.
You still have next years 57m to account for. The way I understand the waive and stretch is they would take the dollars left over and divide by 5.
He is owed 110 -- reduction of $13.9, call it $14m for math, thats 96
the figure for each year is 19.1m
so yes, in year 53 would be reduced to 19.1 -- savings of $34
year 2 57 would go down to 19.1 - savings of 38
years 3 - 5 have cap hits of 19.1
I am not sure the Suns get credit for the TPMLE of 5.3 -- I think that is just allowing Beal to be made whole. And my guess, Beal would sign for two years or at least the second year a player option.