Raptors Cap Situation - Woj: Cap at 70 million, Tax 84.7 million

[Rapsobsessed7]

Thought this needed updating because I've seen a lot of "lets sign player x" going around. I know you guys enjoy this so heres the update

April 21st Update: new cap projections, rookie scale added, cap holds for Lou & Amir added

Salary Cap & Luxury Tax for the 2015/2016 season

[tweet]https://twitter.com/wojyahoonba/status/618935659781230592[/tweet]

[tweet]https://twitter.com/wojyahoonba/status/618935960458268672[/tweet]

2015/2016 Exceptions:

Mid-Level (MLE):

5,464,000

Tax Payer MLE:

3,376,000

Room MLE:

2,814,000

Average Salary:

5,739,000

Bi-annual:

2,139,000

[tweet]https://twitter.com/daldridgetnt/status/618938946047901697[/tweet]

Available Trade Exceptions:

Steve Novak - 2,530,704 - expires July 10th 2015

Greivis Vasquez - $6,400,000 - expires June 26th 2016

Depth Chart:

PG: Kyle Lowry / Cory Joesph / Delon Wright
SG: DeMar Derozan / Terrence Ross / Norman Powell
SF: DeMarre Carroll / James Johnson / Bruno Caboclo
PF: PF / Patrick Patteson / PF
C: Jonas Val / Bismack Biyombo / Lucas Nogueira

2015-2016 Outlook:

DeMarre Carroll

$14,050,000

Kyle Lowry

$12,000,000

DeMar Derozan

$10,050,000 (did not reach all incentives)

Cory Joesph

$7,000,000

Patrick Patterson

$6,268,675

Jonas Val

$4,660,482

Terrence Ross

$3,553,917

Bismack Biyombo

$2,813,960

James Johnson

$2,500,000

Lucas Nogueira

$1,842,000

Bruno Caboclo

$1,524,000

Delon Wright

$1,509,360

= 67,772,434.

Biyombo was signed via the room exception so that leaves us with....

64,958,474 and 5,041,526 of cap space with the cap at 70 million.

16,927,566 UNDER luxury tax. Tax at 84.7 million.

.

Mascot's Outlook

Draft Picks Available:

Owed:
- 2016 2nd round pick has been traded (Utah/Memphis)

Received:
- 2016 1st round draft pick from New York (worse of Denver/New York)
- 2017 1st round draft pick from Los Angeles (via Milwaukee Vasquez Trade)
- 2017 2nd round draft pick from New York (Bargnani trade)

[bigmandinky]

Yeah man, much appreciated!

[KillaSham23]

This needs to be the first post for every new off season thread

[Roland Brice]

What's the situation that allows us to use the MLE?

[AlwaysFresh]

But i wanted Vince back

[Risk101]

Landry Fields contracts always gets me upset.

Never show that mans contract again damn!

[Rapsobsessed7]

What's the situation that allows us to use the MLE?

when your over the cap/under the tax you can use the full MLE. When your over the tax you get the mini MLE or taxpayer MLE. We currently are under but i dont expect us to use the MLE or part of it to sign anyone if it pushes us over the tax limit. 14 million between GV & PP is surely doable but you want to leave wiggle room for trades and such. We are also almost at the roster limit. That depth chart would be at 14 guys (the max is 15) under contract.

[mirrornick]

Vince is not even worth the MLE anyway simply because of his age. Vet min is what he will most likely get.

[vincecarterfan]

man,,, fkn fields and hayes....

[Rapsobsessed7]

But i wanted Vince back

Lets say Vasquez at 4.5

Patterson at 5.5.

thats 10 million right there. So you would have 4 million below the tax to play with. I dont think that gets VC & i dont see the minutes being there for him. I know many of you guys want him but ive said this since the Lou Williams trade there really isnt any spot for him unless GV walks. In addition, id rather have Vasquez then Carter to be quite honest.

[dhackett1565]

Your rookie scale salary for BeBe is off. And both rookie scale guys will surely sign for 120% - listing their cap hold makes sense when calculating cap space, but when looking at what you have to spend under the tax, better to list their actual salaries.

Also note that while Lowry's deal averages 12M, and may indeed be a flat 12M, we don't know that for sure, and his current year salary could vary between 10.8M and 13.5M. So ultimately, assuming Buycks and Stone are waived, we're looking at potentially as little as 11.8M left to sign the rest before hitting the tax.

[dhackett1565]

What's the situation that allows us to use the MLE?

when your over the cap/under the tax you can use the full MLE. When your over the tax you get the mini MLE or taxpayer MLE. We currently are under but i dont expect us to use the MLE or part of it to sign anyone if it pushes us over the tax limit. 14 million between GV & PP is surely doable but you want to leave wiggle room for trades and such. We are also almost at the roster limit. That depth chart would be at 14 guys (the max is 15) under contract.

Technically, it is the apron, the line 4M above the tax, that determines whether you use the full MLE or the tax payer's MLE.

I agree though that I doubt ownership spends info the tax this year. Would not be an intelligent investment I don't think.

[DeRozanTho]

Correct me if I'm wrong but we are allowed to go over the cap to re-sign GV and 2pat and still use our MLE right? Also, how much can we afford to give GV+2pat if we still want enough cap space to make a max offer the following year?

[Rapsobsessed7]

Your rookie scale salary for BeBe is off. And both rookie scale guys will surely sign for 120% - listing their cap hold makes sense when calculating cap space, but when looking at what you have to spend under the tax, better to list their actual salaries.

Also note that while Lowry's deal averages 12M, and may indeed be a flat 12M, we don't know that for sure, and his current year salary could vary between 10.8M and 13.5M. So ultimately, assuming Buycks and Stone are waived, we're looking at potentially as little as 11.8M left to sign the rest before hitting the tax.

whats Bebe's then? This is where i got his rookie scale

http://basketball.realgm.com/nba/info/rookie_scale/2013

Shamsports has his rookie scale at $1,468,900

We dont know what they will sign for, they can sign for as little as 80% of the rookie scale or as much as 120% we just dont know. If we contribute to Bebe's buyout i could see Masai offering him 80% of the rookie scale. Regardless its not a lot different, maybe a few thousand not a difference of 2.2 million like you listed.

[Roland Brice]

What's the situation that allows us to use the MLE?

when your over the cap/under the tax you can use the full MLE. When your over the tax you get the mini MLE or taxpayer MLE. We currently are under but i dont expect us to use the MLE or part of it to sign anyone if it pushes us over the tax limit. 14 million between GV & PP is surely doable but you want to leave wiggle room for trades and such. We are also almost at the roster limit. That depth chart would be at 14 guys (the max is 15) under contract.

Oh ok thanks. But even if we were to hit the tax we'd pay it for one year and then only have somewhere between 35-40 million in contracts for the following off-season. Then again, that extra 5 million could do wonders if we're looking to add a max level guy next off-season.

[Rapsobsessed7]

Correct me if I'm wrong but we are allowed to go over the cap to re-sign GV and 2pat and still use our MLE right? Also, how much can we afford to give GV+2pat if we still want enough cap space to make a max offer the following year?

correct on the 1st part.

to answer the 2nd part i dont know. Depends what Lowrys year 2 number is and what Vasquez & Patterson sign for. To give you a ballpark number if Vasquez & Patterson take 4.5 & 5.5 respectively that would leave us at around 47 million (lowry at 12, Demar, Novak, Val, Ross, Bruno, Bebe, 2015 1st, Vasquez at 4.5, Patterson at 5.5).

Should be enough for max cap space.

[Rapsobsessed7]

What's the situation that allows us to use the MLE?

when your over the cap/under the tax you can use the full MLE. When your over the tax you get the mini MLE or taxpayer MLE. We currently are under but i dont expect us to use the MLE or part of it to sign anyone if it pushes us over the tax limit. 14 million between GV & PP is surely doable but you want to leave wiggle room for trades and such. We are also almost at the roster limit. That depth chart would be at 14 guys (the max is 15) under contract.

Oh ok thanks. But even if we were to hit the tax we'd pay it for one year and then only have somewhere between 35-40 million in contracts for the following off-season. Then again, that extra 5 million could do wonders if we're looking to add a max level guy next off-season.

well roughly i project 47 million the following year if you read my post above. It would still likely be enough for max cap space with todays cap thats 16 million. I also expect us to shed Novaks 3+ million contract to allow for more flexibility. I think thats the plan though is to be big players in next years FA class (Love, Millsap, Aldridge, etc).

[XxIronChainzxX]

I don't get the love for VC as an SG/SF on this team, honestly. I think the better move is to aim for Patterson and lock him up because even slightly overpaid a stretch 4 that can literally do anything else is valued in the NBA, and then see what GV gets in the open market and whether we want to match it or whether he'd take a discount with all his talk of loving TO.

[Raptorfan2012]

But i wanted Vince back

Lets say Vasquez at 4.5

Patterson at 5.5.

thats 10 million right there. So you would have 4 million below the tax to play with. I dont think that gets VC & i dont see the minutes being there for him. I know many of you guys want him but ive said this since the Lou Williams trade there really isnt any spot for him unless GV walks. In addition, id rather have Vasquez then Carter to be quite honest.

Vince probably wont cost that much - I'd do a 2 yr $7 million and see if he takes it

[Rapsobsessed7]

But i wanted Vince back

Lets say Vasquez at 4.5

Patterson at 5.5.

thats 10 million right there. So you would have 4 million below the tax to play with. I dont think that gets VC & i dont see the minutes being there for him. I know many of you guys want him but ive said this since the Lou Williams trade there really isnt any spot for him unless GV walks. In addition, id rather have Vasquez then Carter to be quite honest.

Vince probably wont cost that much - I'd do a 2 yr $7 million and see if he takes it

and have him play how many minutes though?

Lowry (33) / Vasquez (15)
Derozan (20) / Williams (20) / Vasquez (8)
Ross (25) / Derozan (13) / SF (10?)

I just dont see a spot for him unless Vasquez goes.