Hornets Cap Outlook

[LofJ]

I want to lock up our backup point guard before we do anything else. Kemba is the only point on our roster right now and even with Sessions it was our weakest position on the bench last year.

[MasterIchiro]

Were about to offer Hayward a ridiculous amount of money. I can feel it. Either him or Stephenson.

Why not both?

I guess we could, but it will be close. Hayward could get 12+ yearly.

But the Jazz can match so we would send talent/thus salary back.

[Liver_Pooty]

Why not both?

I guess we could, but it will be close. Hayward could get 12+ yearly.

But the Jazz can match so we would send talent/thus salary back.

Yeah, I think a S&T would have to be in place to get him.

[MasterIchiro]

I guess we could, but it will be close. Hayward could get 12+ yearly.

But the Jazz can match so we would send talent/thus salary back.

Yeah, I think a S&T would have to be in place to get him.

A Hayward-Big Al reunion would be great plus Lance. I think we need to be smart. Instead of put everything on freeze for a big name free agent like Melo like all these other teams are doing, go for the smaller buys and fill out the roster with multiple talented players.

[BlackOutBuzz]

Been doing some reading on calculating cap holds (this is what I do while on vacation), and came up with the following amounts. For those unaware, you keep cap holds on players not under contract until you (A) re-sign them or (B) renounce them.

Rookie cap holds
Noah Vonleh: $2,103,500
P.J. Hairston: $958,100

These were easy, as the amounts are predetermined by the CBA. The actual cap hits will likely be a little higher after the moratorium since rookies tend to sign for 120% of their hold amounts.

Larry Bird Free Agents
Luke Ridnour: $8,398,000
Josh McRoberts: $5,038,800

Obviously, Ridnour will be renounced immediately. The only reason not to renounce a cap hold is when you think you may exceed the amount in re-signing them, which is obviously not the case with Ridnour.

McRoberts was an interesting case in that we actually renounced his Early Bird Rights last offseason in order to make room for Al. However, the "Bird Clock" resumed when he re-signed here, and now he has three years on the clock which makes him a Bird Free Agent. That $5 million hold is quite restricting, but he may end up getting that much from somewhere.

Early Bird Free Agents
None

Non-Bird Free Agents
Chris Douglas-Roberts: $1,061,152
Jannero Pargo: $1,061,152
Anthony Tolliver: $1,061,152
D.J. White: $1,061,152

Obviously White are Pargo will be renounced, possibly CDR and Tolliver as well. However, it's possible CDR could get more than that cap hold, so we could potentially go over the cap in order to re-sign him.

Projected cap: $63,200,000
Guaranteed Salary: $38,943,509
Net (Guaranteed): $24,256,491
Unguaranteed Salary: $3,915,243 (Gee and Taylor)
Net (Guar+Unguar): $20,341,248
Rookie holds: $3,061,600
Net (w/Rooks): $17,279,648
FA holds: $17,681,408
Net Space (w/FAs): -$401,760

Again, we'll obviously be renouncing most - if not all - our FAs.

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[JDR720]

This thread blows my mind, so many things I have no clue about, it almost makes me feel stupid but then I realize I am stupid, so it all makes perfect sense.

[Liver_Pooty]

This thread blows my mind, so many things I have no clue about, it almost makes me feel stupid but then I realize I am stupid, so it all makes perfect sense.

I didn't know anything about this kind of stuff until I started reading and looking into BlackoutBobcats post. Always informative and extremely useful.

[HornetJail]

So...

To clarify, we have the following on the books for sure:
Jefferson at 13,666,667
Hendo at 6,000,000
MKG at 5,016,960
CZTOP at 4,030,560
Biz at 3,873,398
Neal at 3,250,000
Kemba at 3,272,091
Vonleh at 2,103,500
Hairston at 958,100
That's 42,171,276 in guaranteed salary (doesn't include any free agents or the UNG contracts of Gee or Taylor). Also since we're below 12 players, we have to add two roster cap holds for the minimum at $507,336 each to bring our total salary to 43,185,948. Assuming a cap of 63.2M, we have a MAXIMUM of $20,014,052 to work with, meaning we're still a Gary Neal or Gerald Henderson trade short of being able to to offer the max to Lebron James ($22.12M) or Carmelo Anthony ($22.46M), and you guys all know that neither would even consider us without a max deal on the table. One way or another, one of Neal or Henderson will be gone if we plan on making an offer for either one.

[EwingSweatsALot]

Great stuff Blackout. Where do you get your cap info? Not the salaries but the full NBA salary cap info, structure, rules, etc.? I'd actually like to read up on it in my down time. Wikipedia has some info, but I didn't know if their was an actual NBA Cap "Manual" haha.

[HornetJail]

Great stuff Blackout. Where do you get your cap info? Not the salaries but the full NBA salary cap info, structure, rules, etc.? I'd actually like to read up on it in my down time. Wikipedia has some info, but I didn't know if their was an actual NBA Cap "Manual" haha.

http://www.cbafaq.com/salarycap.htm

Here's the "official" CBA guide. Don't know of a better one.

[BlackOutBuzz]

^yup, Larry Coon's FAQ is the go-to for me. Amazingly thorough. This time of year Coon also does a bunch of twitter Q&As, saw he did one earlier today in fact.

Several other sites too, but those are mainly for the actual numbers. Spotrac and the now-defunct storytellers contracts are/were my favorites for that.

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[GoBobs]

So...

To clarify, we have the following on the books for sure:
Jefferson at 13,666,667
Hendo at 6,000,000
MKG at 5,016,960
CZTOP at 4,030,560
Biz at 3,873,398
Neal at 3,250,000
Kemba at 3,272,091
Vonleh at 2,103,500
Hairston at 958,100
That's 42,171,276 in guaranteed salary (doesn't include any free agents or the UNG contracts of Gee or Taylor). Also since we're below 12 players, we have to add two roster cap holds for the minimum at $507,336 each to bring our total salary to 43,185,948. Assuming a cap of 63.2M, we have a MAXIMUM of $20,014,052 to work with, meaning we're still a Gary Neal or Gerald Henderson trade short of being able to to offer the max to Lebron James ($22.12M) or Carmelo Anthony ($22.46M), and you guys all know that neither would even consider us without a max deal on the table. One way or another, one of Neal or Henderson will be gone if we plan on making an offer for either one.

Max for James might be a little less, not positive though, depends on the league max for 2014/2015, don't know if that is out yet
http://www.hoopsrumors.com/2013/10/maxi ... ebron.html

On the McRoberts bird rights, there is no reason not to renounce them that I can see. We don't have the option to match anyway because he isn't restricted or anything. Renouncing his bird rights doesn't preclude us from resigning him because we are still under the cap and could even use the mid level exception as long as we don't go over.

[BlackOutBuzz]

RE: McRoberts

I'm sure they'll cross that bridge when it becomes an issue. There's little point in renouncing him immediately, unless they have absolutely 0 intention of giving him more than $5m. If we are able to sign a big FA and the hold is an issue, renounce him. If nothing else materializes though it's nice to have the option to go over.

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[HornetJail]

So...

To clarify, we have the following on the books for sure:
Jefferson at 13,666,667
Hendo at 6,000,000
MKG at 5,016,960
CZTOP at 4,030,560
Biz at 3,873,398
Neal at 3,250,000
Kemba at 3,272,091
Vonleh at 2,103,500
Hairston at 958,100
That's 42,171,276 in guaranteed salary (doesn't include any free agents or the UNG contracts of Gee or Taylor). Also since we're below 12 players, we have to add two roster cap holds for the minimum at $507,336 each to bring our total salary to 43,185,948. Assuming a cap of 63.2M, we have a MAXIMUM of $20,014,052 to work with, meaning we're still a Gary Neal or Gerald Henderson trade short of being able to to offer the max to Lebron James ($22.12M) or Carmelo Anthony ($22.46M), and you guys all know that neither would even consider us without a max deal on the table. One way or another, one of Neal or Henderson will be gone if we plan on making an offer for either one.

Max for James might be a little less, not positive though, depends on the league max for 2014/2015, don't know if that is out yet
http://www.hoopsrumors.com/2013/10/maxi ... ebron.html

On the McRoberts bird rights, there is no reason not to renounce them that I can see. We don't have the option to match anyway because he isn't restricted or anything. Renouncing his bird rights doesn't preclude us from resigning him because we are still under the cap and could even use the mid level exception as long as we don't go over.

That's a very out-dated article. At the time of that article, the cap was still below $60M. 35% of the current 63.2M cap is the $22.12M figure I calculated.

[GoBobs]

So...

To clarify, we have the following on the books for sure:
Jefferson at 13,666,667
Hendo at 6,000,000
MKG at 5,016,960
CZTOP at 4,030,560
Biz at 3,873,398
Neal at 3,250,000
Kemba at 3,272,091
Vonleh at 2,103,500
Hairston at 958,100
That's 42,171,276 in guaranteed salary (doesn't include any free agents or the UNG contracts of Gee or Taylor). Also since we're below 12 players, we have to add two roster cap holds for the minimum at $507,336 each to bring our total salary to 43,185,948. Assuming a cap of 63.2M, we have a MAXIMUM of $20,014,052 to work with, meaning we're still a Gary Neal or Gerald Henderson trade short of being able to to offer the max to Lebron James ($22.12M) or Carmelo Anthony ($22.46M), and you guys all know that neither would even consider us without a max deal on the table. One way or another, one of Neal or Henderson will be gone if we plan on making an offer for either one.

Max for James might be a little less, not positive though, depends on the league max for 2014/2015, don't know if that is out yet
http://www.hoopsrumors.com/2013/10/maxi ... ebron.html

On the McRoberts bird rights, there is no reason not to renounce them that I can see. We don't have the option to match anyway because he isn't restricted or anything. Renouncing his bird rights doesn't preclude us from resigning him because we are still under the cap and could even use the mid level exception as long as we don't go over.

That's a very out-dated article. At the time of that article, the cap was still below $60M. 35% of the current 63.2M cap is the $22.12M figure I calculated.

In 2013-2014 the caps was 58.678 mil, 35% would have been 20.537 mil, but the actual max player salary for 10+ year vet was 19.181 mil (32.7%), so I'm not sure exactly what is going on there. If the cap is 63.2 mil 32.7% would be 20.666 mil.

Figured out why it isn't exactly 35%

They use a different cap calculation to determine the maximum salaries, which is based on 42.14% of projected BRI rather than 44.74%. In 2005 the sides negotiated a different formula for setting the salary cap but not maximum salaries, so the two became decoupled, and this continued in the 2011 agreement. For this reason the maximum salaries are not actually 25%, 30% or 35% of the cap, and instead are a slightly lower amount. For example, even though the salary cap for 2011-12 is $58.044 million and 25% of this amount is $14.511 million, the 0-6 year maximum salary is actually $12,922,194. In addition, for 2012-13 a 5.8% increase in maximum salaries was agreed to, even though the salary cap stayed the same as 2011-12.

[HornetJail]

Then that article is just wrong. The max for a 10 year vet is 35% of the cap.

[GoBobs]

Then that article is just wrong. The max for a 10 year vet is 35% of the cap.

I am using the site you linked

[fatlever]

hey blackout, can you confirm these numbers...

if we renounce all our free agents - tolliver, pargo, ridnour, cdr
if we cut gee
remove mcroberts caphold
add in rookie scale salaries for noah and pj

Al Jefferson - $13,666,667
Gerald Henderson - $6,000,000
Michael Kidd-Gilchrist - $5,016,960
Cody Zeller - $4,030,560
Gary Neal - $3,250,000
Bismack Biyombo - $3,873,898
Kemba Walker - $3,272,091
Jeffrey Taylor - $915,243
Noah Vonleh - $2,103,500
PJ Hairston - $958,100
Total - $43,087,019

[BlackOutBuzz]

Looks right to me, but you can pretty much assume Vonleh will get $2,524,200, which is 120% of his scale. Not sure if Hairston gets that much but, if he does, he'd be up to $1,149,720.

For now we're looking at about $20m in space once we dump Gee. We could even use the stretch provision on Neal to open up another $2m if we wanted.

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[MasterIchiro]

Looks right to me, but you can pretty much assume Vonleh will get $2,524,200, which is 120% of his scale. Not sure if Hairston gets that much but, if he does, he'd be up to $1,149,720.

For now we're looking at about $20m in space once we dump Gee. We could even use the stretch provision on Neal to open up another $2m if we wanted.

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22 million!!!

OH. BABY!