Will the Houston Rockets Still be Under the Luxury Tax ....

[JordansBulls]

Will the Houston Rockets Still be Under the Luxury Tax Threshold once the Artest trade goes thru and if Deke is signed?

Here is a synopsis now of the team's salary.

Houston Rockets Payroll

Player 2008/2009 2009/2010 2010/2011 2011/2012 2012/2013 2013/2014
Tracy McGrady $19,261,200 $21,091,450 N/A N/A N/A N/A
Yao Ming $15,070,550 $16,378,325 $17,686,100 N/A N/A N/A
Bobby Jackson $6,987,888 N/A N/A N/A N/A N/A
Shane Battier $6,373,900 $6,864,200 $7,354,500 N/A N/A N/A
Rafer Alston $4,900,000 $5,250,000 N/A N/A N/A N/A
Luis Scola $3,100,667 $3,284,667 N/A N/A N/A N/A
Steve Francis $2,634,480 N/A N/A N/A N/A N/A
Luther Head $1,962,378 $2,868,996 N/A N/A N/A N/A
Brent Barry $1,910,000 $2,062,800 N/A N/A N/A N/A
Chuck Hayes $1,768,000 $1,936,000 $2,104,000 N/A N/A N/A
Justin Reed * $1,573,000 N/A N/A N/A N/A N/A
Aaron Brooks $1,045,560 $1,118,520 $2,016,692 $2,976,636 N/A N/A
Donte Greene $971,160 $1,044,000 $1,168,840 $2,015,896 $3,003,685 N/A
Carl Landry $886,517 N/A N/A N/A N/A N/A
Steve Novak $797,581 N/A N/A N/A N/A N/A
Mike Harris $711,517 N/A N/A N/A N/A N/A
John Lucas III * $536,114 N/A N/A N/A N/A N/A
Total Salaries: $69,603,915 $59,029,962 $30,330,132 $2,015,896 $0 $0
Total w/o options $69,603,915 $57,911,442 $7,354,500 $0 $0 $0

With Novak being traded the Payroll for Houston goes down to just under 69 million.

This was Artes salary
Ron Artest $7,400,000

Jackson and Greene total is about $7,800,000

[moofs]

Why in the world are you asking a question you already answered?

(no need for a proxy response, Vator )

[JordansBulls]

Why in the world are you asking a question you already answered?

(no need for a proxy response, Vator )

What do you mean? How do you know how much Deke will sign for or Landry? The Luxury tax is 71.15 million. Also how do you know if Morey will sign both?

[HTown_TMac]

Its mentioned in some other thread thanks to MaxRider and VAtor if I am right...
But do you ever read post or do you just start threads? Just a general question.

[Baller 24]

Deke I think wants more money from the looks of it. And Landry who knows whats going to happen to him, now that we are on the border line I don't know how far the Rockets are willing to match for him. Tough, but I think they won't be under the salary cap especially with Deke and Landry looking for good deals.

[MaxRider]

are you trying to duplicate my work?
i already post the numbers in the other thread
after Artest and Novak trades
we will be less than a million away from luxury tax
if you think we can sign Landry, Mutombo, and Dorsey for less than a million
then you should hand Morey the trophy for Executive of the Year
sure we don't have to sign them
we can send Dorsey oversea
Mutombo can retired
Landry can be free agent
then there's no reason to trade for Artest since we are not looking to win anyway

[MaxRider]

copied from Novak traded to Clippers thread

according to Hoopshype we are already in the luxury tax zone without Landry & Mutombo contracts

Jackie Butler is off the books. It doesn't show it there, but his contract had a team option which obviously won't be picked up, lol.

luxury tax for 2008-09 is 71.15M

mcgrady - $21,126,874
yao - $15,070,550
artest - $8,450,000
battier - $6,373,900
alston - $4,900,000
scola - $3,142,800
francis - $2,634,480
head - $1,962,378
hayes - $1,933,750
barry - $1,910,000
reed - $1,573,000
brooks - $1,045,560
total - $70,123,292
(not sure about harris non-guaranteed contract)

we are really close

Hmm, from the looks of things, I would expect Morey to make at least one more trade with either Francis, Head, Hayes or 2 of the 3 being sent packing. Still have to get Dorsey and Landry signed. Maybe Deke too.

Vator pointed out Butler contract is team option
so is JL3
we obvious wont pick up that option for both since they are waived

[ShaY]

I have a question , sorry if it's stupid.

Lets say we are over the luxury tax by 3 million , so we will need to pay another 3 million because we are over by 3 million , right?

It's not like if we are over the luxury tax , then all of the players salaries are doubled , or is it?

sorry if it's a stupid question , but if it's the 1st scenario I mentioned and we will be over the luxury tax only by little I don't think Les would mind to pay it.

[MaxRider]

I have a question , sorry if it's stupid.

Lets say we are over the luxury tax by 3 million , so we will need to pay another 3 million because we are over by 3 million , right?

It's not like if we are over the luxury tax , then all of the players salaries are doubled , or is it?

sorry if it's a stupid question , but if it's the 1st scenario I mentioned and we will be over the luxury tax only by little I don't think Les would mind to pay it.

that's correct
so if we re-sign Landry to 4M
even thou Landry only get 4M
Les is actually paying 8M

[moofs]

Why in the world are you asking a question you already answered?

(no need for a proxy response, Vator )

What do you mean? How do you know how much Deke will sign for or Landry? The Luxury tax is 71.15 million. Also how do you know if Morey will sign both?

You didn't ask about Landry, just Deke. With the minimum salary being what it is, the answer is painfully obvious to be either "we aren't going to sign them" or "we are going to be over the tax barring some more nifty trades". You did the rest of the math, why skip the last step and ask a question instead, especially when you already seem to know the answers?

Also as had been mentioned, the same thing had already been stated twice (with a small number of active threads) before you posted this.

[tisbee]

Some basics.
When a team goes over the Luxury Tax threshhold it pays a tax matching the amount the team is over the Tax.(If the tax is set at 71.5 and a team ends up w/salaries totaing 75.5 it pays 4mil i taxes.) Also a team over the Lux Tax loses the payment for being under the Tax.(The total teams over the Tax pay is divided equally by the teams under the Tax. If 6 teams were over the Tax and pd 84mil in Lux Tax,the other 24 teams would split the 84mil,w/each team getting 3.5mil.)
The Veterans Minimum is a special salary designed to keep vets employed. The longer a player has been in the NBA the higher the vet minimum. HOWEVER,only the amount equal to a second yr players min counts towards the salary cap-this yr a little less than $800,000.(The League allso pays the diff between the 2 yr min salary and what the player actually gets.) So a Motumbo might get near $2mil as a vet min,but less than $800thou counts towards cap.
Second Rd draft picke normaly get the rookie minimum which will be less than $500,000.
The Rockets have 12 players under contract w/salaries of almost $71mil. The Lux Tax is set at $71.5mi. Mike Harris has a contract that is not fully guaranteed,so he could easily be waived. If the Rockets then signed Motumbo to a vet min,Dorsey to a rookie min and decided Landry wants too much and signed Maarty Leunen to a contract(again rookie min),the team would be @$71.8,just above the Tax. But...
The Lux Tax for a team is set by the salaries the team is paying on the last day of the regular season. So...if the Rockets did what I used as an example(signed Deke,Dorsey,Maarty) and sometime during the season traded Francis for someone making $2.25mil,and made no other moves,the Rockets would end up @$71.4mi,just under the Tax.
Sadly,the best hope for the Rockets to get some wriggle room under the cap is for Francis to be declared medically unfit to play again and retire,and the NBA agrees-and the Rockets to have made the request on his health before July 1. In the extremely unllikely event the NBA decided Francis was injured last yr to point he coudn't play again,the NBA could grant a medical retirement exception and Francis' contract woud not count towards cap-or Lux Tax.

[moofs]

Cool