MitchellUK wrote:Edrock wrote:MitchellUK wrote:I think most of them are mistaken. This deal would be 100% financial for the Bulls - they're over the lux-tax threshold as it is ($72.5m for 12 players. You can add $800k or so for Vladimir Radmanovic, who they have signed but for whom I can't find the exact figure, but since he's a veteran and on a min contract he'll only count 800k towards the cap numbers. That's 13 players, but with Rose out for most of the year, they almost certainly have to sign at least one more to see them through until he returns).
Say they end up at a total of $74.5m in salary for the year, that's $4.2m over the tax threshold. So look at it this way:
Rip Hamilton will cost them $5m in salary, plus $4.2m in dollar for dollar tax, plus $1m to waive him next summer when his contract becomes unguaranteed - $10.2m
If they send him to us, using our TPE, their salary drops down to $69.5m, they don't have to pay any tax (and will be eligible for some of the cash that is redistributed from the teams that did pay tax). They will also be just about able to replace him with a veteran on a minimum deal without going back up over the tax threshold (I think some of them have mentioned Tracy McGrady as someone they have been linked with or want). That scenario costs them $800k or so and leaves them eligible for a tax sharing payment.
If they take salary back from us - even if it's just the $1.6m Vucevic is owed - they stay over the tax threshold of $70.31m and will end up paying tax rather than receiving a payment from the pot. If they take JJ they actually end up in a worse situation because he's owed roughly $1m more than Hamilton.
Some of the posters over there don't seem to be grasping the logic of the hypothetical trade - we would be taking an underperforming player off their hands and paying his $5m salary for the year, also saving them the tax costs of keeping that player on their books. This isn't a talent swap, it's a salary dump, and in order for us to take Richard Hamilton from them and pay his salary, they would have to send us some sort of compensation - in this case, given the direction Rob Hennigan seems to be heading, one would assume that compensation would be a first rounder.
Nice breakdown... So what are the Bulls willing to give up for the cap relief? Would we be looking for someone like Teague, or a 1st rounder? Perhaps the big euro center (who's name currently escapes me) that they're stashing. The TPE certainly seems like a nice asset to have.
Other than CHI, what other teams have player to move and assets to give up?
I don't know what the Bulls would be willing to give up - that was all hypothetical, but a lot of their fans think that they will try and dump one of their bigger contracts to get under the tax threshold, since Jerry Reinsdorf has notoriously tight purse strings and has never before paid the tax (and isn't likely to want to this year, given that they won't be contending with Rose out for most of the year). Usually in deals like that, where a team takes an unwanted contract from another team, the one ditching the crappy deal usually has to give up something like a first rounder or a prospect - something proportionate to the size of the unwanted deal.
Other than Chicago...not sure. Golden State are approaching the tax limit, and although they could still amnesty him next summer before the last year of his deal, I am sure they would love to get rid of Andres Biedrins. I'd assume that Detroit would love to ditch Charlie Villanueva. There are probably plenty of other teams who have a contract or two that they can't wait to get rid of.
Didn't they already use their amnesty on Charlie Bell?
