Utah Jazz
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- Renounce cap hold on Trevor Booker Bringing cap to 24,939,249.00
The Jazz would like to propose renegotiating contracts with Derrick Favors and George Hill. Doing so presents the Jazz with a way to use our cap space without entering what I feel will be a toxic free agent market. We take a salary hit this year for some relief down the road. If you are interested in this proposal for Derrick Favors you can read an article about it:
http://saltcityhoops.com/renegotiating-derrick-favors-contract-what-makes-sense/I have used the most lucrative option presented there for Derrick and I'm going to bump his 4th year on top of that to 18 mil. So, he will get an offer of:
22
18
16.7
18
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74.7 million over 4 years. If Favors rides out his current deal and gets a full max offer afterwards his salary will total 83 million over the same time period. However, in this offer Favors is getting the security of a long term deal and he also gets his money quicker, money now is worth more than money later, so the difference in spending power between this offer and his best case scenario otherwise is small and I believe that he would sacrifice a couple million in spending power to gain the security of a long term deal and avoid the circus of free agency.
This works for the Jazz because we save a few million in the long run and when it comes time to extend our other players Derrick will be on a somewhat friendly salary of 17-18 million instead of a potential cap busting 30 million.
This renegotiation will cost the Jazz 11 million in cap space bringing our toal to 13,939,249.00
I believe it also makes sense to lock up George Hill for the same time period, albiet for a much lower figure.
My proposal to Hill.
I anticipate Hill would make something along the lines of
8 - Current salary
10 - Estimated
10 - Estimated
10 - Estimated
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38 mil
So, I'll offer
13.9
8.34
7.72
7.09
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37.05 mil
This gives the Jazz a slight break in salary and keeps Hill around for 4 more years where he will be expected to be the veteran leader of the team and provide a soft landing for Exum his first year and likely be a backup 1/2 for the remainder of his career.
The extention of Hill would cost 5.9 mil in cap bringing the Jazz cap space down to 8 million.
I would then offer Solomon Hill a 3 year 24 million contract with the last year a team option. Using the remainder of the cap space. (note: offer contingent on other 2 being accepted) Why Solomon Hill? -
http://www.sltrib.com/sports/4058833-155/utah-jazz-have-interest-in-pacers
"Thibs called back and wanted more picks," said Jorge Sedano. "And Pat Riley, literally, I was told, called him a mother-bleeper and hung up the phone."