Free Agent Amount of Cassell

Macedonianbull · Post #1 » by **Macedonianbull** » Tue Mar 4, 2008 10:44 pm

At the end of the season, how much Cassell will count against the Celtics cap in the offseason?

Just the amount of his pro-rated contract?

Post #2 » by **Tommy Udo 6** » Wed Mar 5, 2008 3:50 am

Yes, that's all. The old contract is on Clippers' cap

Dunkenstein · Post #3 » by **Dunkenstein** » Wed Mar 5, 2008 8:20 am

Macedonianbull wrote:At the end of the season, how much Cassell will count against the Celtics cap in the offseason?

A poorly worded sentence.

As a minimum salary player, his cap hold will be $797,581 this off-season.

If you're asking what salary number will go against the Celtics' 07-08 team salary for Cassell, it will be $203,985.

Macedonianbull · Post #4 » by **Macedonianbull** » Wed Mar 5, 2008 11:50 am

I am not a native English speaker. Sorry?

So, since he will be a non-bird free agent that earned a pro-rated minimum, he will count the full minimum salary for a player with his expirience, or will he count only the actual amount he is getting this year (around $200,000)?

Post #5 » by **Three34** » Wed Mar 5, 2008 12:11 pm

Cap holds aren't prorated, if that's what you're after.

lakerfan10770 · Post #6 » by **lakerfan10770** » Wed Mar 5, 2008 5:06 pm

Since Cassell is making the veteran mininimum, (proration doesn't matter from what I can tell for the cap hold), his cap hold will be the unreimbursed portion of the veteran's minimum for '08-'09, $787,581. He will be a Non-Bird Free Agent which I am pretty sure means that the Celtics could resign him this summer to a contract starting at a maximum of 120% of his previous salary or 120% of the veteren minimum, whichever is more. That is of course assuming they don't use the MLE or LLE.

Correct me if I am wrong, but it seems that the calculation for free agents making the veteran minimum always trumps any of the other possible calculations (Non, Early & Full Bird) for their free agent amount. The only exception is with Restricted Free Agents and in their case the free agent amount is the greater of their Qualifying Offer or their "cap hold".

Also, I have been working on updating all of the free agent amounts for this summer on my spreadsheet and am almost finished. If anyone wants to compare numbers let me know. I am considering posting them here, but that would be a lot of work. So I am not sure if I will do it.

lakerfan10770 · Post #7 » by **lakerfan10770** » Wed Mar 5, 2008 5:10 pm

Dunkenstein wrote:-= original quote snipped =-

A poorly worded sentence.

As a minimum salary player, his cap hold will be $797,581 this off-season.

If you're asking what salary number will go against the Celtics' 07-08 team salary for Cassell, it will be $203,985.

Just for clarification, how did you calculate Sam's salary with the C's.

Edit: Nevermind it is --- (45/170) X $770,610

arenas809 · Post #8 » by **arenas809** » Wed Mar 5, 2008 5:22 pm

Does that mean Chris Andersen's salary is $926,470?

The Hornets are expected to sign him today to a minimum one-year, $3.5 million contract, which will be prorated for the rest of this season.

lakerfan10770 · Post #9 » by **lakerfan10770** » Wed Mar 5, 2008 5:32 pm

arenas809 wrote:Does that mean Chris Andersen's salary is $926,470?

The Hornets are expected to sign him today to a minimum one-year, $3.5 million contract, which will be prorated for the rest of this season.

Do you have a link for that quote? Strange wording on the description of the contract. I suppose the author could be insinuating that the contract is for at least $3.5M, prorated. But, then again why didn't he just say that, using the term "minimum" will just cause confusion.

FGump · Post #10 » by **FGump** » Wed Mar 5, 2008 5:39 pm

The Hornets "required tender" (for their exclusive rights window) had to be a minimum of $3.5M annually (prorated to number of days remaining in season), and a minimum of 1 year. They are saying the contract - signed during that exclusive period - had to be for at least that amount.

lakerfan10770 · Post #11 » by **lakerfan10770** » Wed Mar 5, 2008 6:04 pm

FGump wrote:The Hornets "required tender" (for their exclusive rights window) had to be a minimum of $3.5M annually (prorated to number of days remaining in season), and a minimum of 1 year. They are saying the contract - signed during that exclusive period - had to be for at least that amount.

I did some quick research, and $3.5M is the amount of Chris Andersen's last contract with the Hornets during the '05-'06 season. Also, '05-'06 season was his 5th, so the whole restricted free agency & qualifying offer issues have nothing to do with this. Seems like a pretty unique situation.

Anyways, so if he is signed today, I have his salary as $885,294, which is (43/170) X $3,500,000.

BTW, what is his cap number for this season, $885,294 or $3.5M? Plus what is his free agent status for the summer? Would he be a Full Bird Free Agent with a cap hold of $7M.? Non-Bird?

FGump · Post #12 » by **FGump** » Wed Mar 5, 2008 6:55 pm

lakerfan10770 wrote:- the whole restricted free agency & qualifying offer issues have nothing to do with this.

I didn't say they did. I said ...

The Hornets "required tender" (for their exclusive rights window) had to be a minimum of $3.5M annually (prorated to number of days remaining in season), and a minimum of 1 year. They are saying the contract - signed during that exclusive period - had to be for at least that amount.

The author is (accurately) conveying that any such contract signed by CA must have been for at least the required tender amount since we are in that exclusive 30 day window, and the required tender had to be at least $3.5M prorated.

lakerfan10770 · Post #13 » by **lakerfan10770** » Wed Mar 5, 2008 7:00 pm

FGump wrote:-= original quote snipped =-

I didn't say they did. I said ...

The Hornets "required tender" (for their exclusive rights window) had to be a minimum of $3.5M annually (prorated to number of days remaining in season), and a minimum of 1 year. They are saying the contract - signed during that exclusive period - had to be for at least that amount.

The author is (accurately) conveying that any such contract signed by CA must have been for at least the required tender amount since we are in that exclusive 30 day window, and the required tender had to be at least $3.5M prorated.

I didn't mean to infer that you did, it was just a thought that had crossed my mind when reading your response. I should have worded my reply more clearly.

Edit: What are your thoughts on:

A) Chris Andersen's salary for this season
B) The cap amount charged to the Hornets this season for Chris Andersen
C) Chris Andersen's free agent status for this summer (Full Bird, Non Bird, etc...)
D) Chris Andersen's free agent amount

FGump · Post #14 » by **FGump** » Wed Mar 5, 2008 7:26 pm

a) 3.5 prorated
b) unimportant since they are well above the cap and below the tax regardless
c) we dont know he will be a FA this summer, but I think his Bird clock reset
d) 3.5 x 120%

lakerfan10770 · Post #15 » by **lakerfan10770** » Wed Mar 5, 2008 8:34 pm

B) I know it doesn't really impact anything, but I would like my spreadsheet to be as accurate as possible.
C) True, we don't know for sure that he will be a FA this summer, but I highly doubt that they will sign him for more than one season. Especially considering that the second year would have to be a percentage of $3.5M. I suppose it could be non-guaranteed, though.

bgwizarfan · Post #16 » by **bgwizarfan** » Wed Mar 5, 2008 9:35 pm

Sham wrote:Cap holds aren't prorated, if that's what you're after.

I guess that's true since only Minimum Salary Contracts are prorated, and you always just take the next year's (current at the time..) minimum for the player, like in Cassell's situation.

In a sense, though, other categories of cap holds besides of a player making the minimum can be reduced, since they're based off a player's previous year contract and if the previous year contract is "reduced" (i.e. 1 yr MLE of LB, EB, NB exception contraction after January 10th), then my understanding is it would be based on whatever reduced amount the player gets and not the full unused Exception Amount.

We still haven't fully come to the conclusion about what happens if a player is signed to the full reduced exception amount (how does that affect raises, cap holds, byc etc for the following season).

Is Anderson's contract prorated due to a clause in the "Reinstatement' section? I feel like this is a seperate rule here, but this is also fascinating for our purposes because what if they offer him a multi-year contract? In that sense, raises the following year would deifnitely have to be based on the full $3.5 million amount and not the prorated amount. So the question then becomes is this solely an exception because it deals with the rules of Reinstatement, or would this logic carry on to other situations we've been talking about where guys have been signed mid-year to a contract for more than the minimum

Dunkenstein · Post #17 » by **Dunkenstein** » Wed Mar 5, 2008 9:46 pm

lakerfan,
B) What he got paid this season.

C) In Section XXXIII of the CBA (in the reinstatement section) it says "A Veteran Player who has been reinstated pursuant to this Section 12 shall, immediately upon such reinstatement, notify the Team to which he was under contract at the time of his dismissal. . . Upon receipt of such notification, . . . the previous Team shall then have thirty (30) days in which to make a Tender to the player with a stated term of at least one (1) full NBA Season (or, in the event the Tender is made during a Season, of at least the rest of that Season) and calling for a Salary in the first Season covered by the Tender at least equal to the lesser of (A) the player

lakerfan10770 · Post #20 » by **FGump** » Wed Mar 5, 2008 10:38 pm

Dunkenstein wrote:lakerfan,
B) What he got paid this season.

C) In Section XXXIII of the CBA (in the reinstatement section) it says "A Veteran Player who has been reinstated pursuant to this Section 12 shall, immediately upon such reinstatement, notify the Team to which he was under contract at the time of his dismissal. . . Upon receipt of such notification, . . . the previous Team shall then have thirty (30) days in which to make a Tender to the player with a stated term of at least one (1) full NBA Season (or, in the event the Tender is made during a Season, of at least the rest of that Season) and calling for a Salary in the first Season covered by the Tender at least equal to the lesser of (A) the player