Post#1103 » by melo mvp 15 » Fri May 9, 2014 10:10 pm
There's no reason to use any asset to dump Ray Felton (which the Knicks almost foolishly did at the deadline), because of two words: stretch provision.
The stretch works by waiving a player and "stretching" out what's left of his contract on the cap over twice the amount of years plus one. That means if we stretched Ray this summer, his remaining $7.69 mil over the next two years would only count for $1.54 mil a year for the next fives years. However, waiting until before 2015 free agency would be smarter because we get him as stop gap this year and in the off chance he bounces back, not only would we get a stop gap PG but he might be inclined to not pick up his player option. But lets say we wait until 2015 and he hasn't played much better and is going to pick up his option...then we stretch the remaining $3.95 mil over 3 years, which is only a $1.32 mil cap hold for the next 3 years.
My point is: is giving up any asset worth the extra $1.32 mil in cap space? HELL NO.
The same could be said about JR, although I don't think JR is as much of hindrance despite his larger contract. But if we wanted to, we could wait until 2015 and stretch the last year of his deal to $2.13 mil each year, for 3 years.
So big picture, we could be heading into 2015 with only $35.45-$39 mil committed (depending on Shumpert) if Melo re-signs for $24 mil next year (this includes Tim, Pablo, a stretched JR + Ray, Shump on a QO for the latter # /Shump leaving as the former # and a first), when the cap is projected to be $66.5 mil. With cap holds (estimate around $4-5 mil of $600k minimum contract players for 7-8 players), we could be looking at $27-$22 mil in cap space. Now obviously we could find takers for JR/Ray, re-sign Melo for a little less, and maybe trade the 2015 pick (which I wouldn't recommend) increasing that cap space number.... but looking at those numbers, that's enough for one of Rondo/Love/Aldridge/M Gasol on a MAX deal AND someone in the Milsap/ Ellis/ Jefferson/ Varajao/ Asik/ Deandre/ Tyson/ Afflalo/ Tony Parker range.
Melo/Love/Afflalo plus Hardaway/2015 pick is sooooo intriguing to me
Melo/Rondo/Milsap too. Melo/Gasol/Ellis, Melo/Aldridge/Parker. There are so many possibilities. I know this looking a little to far forward considering all the variables (Melo re-signing, the other FA's situations, any future trades/siginings, etc.)... but if you get Melo to take a a pay cut where he leaves like $3-4 mil a year), it wouldn't be insane to ask Rondo/Love/Aldridge/Gasol to take a $1-2 mil a year cut to go after someone like Afflalo or Milsap at $10 mil.