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

[StopitLeo]

so one more year of internal growth, and then make a big play for max FA

Maybe 2 years. Not sure which free agents there are next year to throw max dollars to.

EDIT: I would so want Paul Milsap.

Pretty sure we are going to be looking at KD

[m83588333]

Your confusing the cap and the tax. We're beyond the point of having any real cap space so no matter what happens the most we can offer an outside FA is the MLE.

We had 20M including cap holds on everyone and Novak. Clear Novak renounce the cap hold on GV. Renounce rights to either Lowry or 2Pats.sign Deng and 2pats and use bird rights on Lowry. As long as we stay under the tax the order of signings and how we sign matters. Nothing is official, things can be moved.

You're just pulling nonsense out of your ass. You can't renounce someone then turn around and sign them, that's the whole point in a cap hold. You're also confusing cap space and tax space, were not going to get far enough below the cap to do what your talking about.

The only way we can add someone larger than the MLE is through a trade.

Yes you can thats what the Heat are doing, if you don't need bird rights you can renounce.2Pats cap hold is bigger than the 6M we sign him for.

[polo007]

http://www.torontosun.com/2014/07/04/ra ... ning-close

Assuming Brazilians Bruno Caboclo and Lucas Nogueira join the team for next season, as expected, the roster is nearly full, with precious little cash remaining to bring in a needed defensive-minded small forward and big rim protector.

Once the Vasquez deal is done, Toronto will only have one roster spot left and likely less than $5 million in space below the luxury tax to add the last piece.

One way to open up more room would be to use the stretch waive provision, which would allow a player (likely Landry Fields or Steve Novak), to be bought out, with the buyout stretching over several seasons, creating more cap room right away (ie. Novak's $7.1 million would be paid over the next five seasons, or $1.42 million a season).

[m83588333]

http://www.torontosun.com/2014/07/04/raptors-reach-deal-with-patterson-vasquez-signing-close

Assuming Brazilians Bruno Caboclo and Lucas Nogueira join the team for next season, as expected, the roster is nearly full, with precious little cash remaining to bring in a needed defensive-minded small forward and big rim protector.

Once the Vasquez deal is done, Toronto will only have one roster spot left and likely less than $5 million in space below the luxury tax to add the last piece.

One way to open up more room would be to use the stretch waive provision, which would allow a player (likely Landry Fields or Steve Novak), to be bought out, with the buyout stretching over several seasons, creating more cap room right away (ie. Novak's $7.1 million would be paid over the next five seasons, or $1.42 million a season).

Article is wrong. We haven't touched our cap space yet since we've just resigned all our players, actually just reached agreenents. The cap space we started with hasn't been touched. It is only used when we sign a free agent from another team. We can use the apron to resign our own players. MU is just gather up figures, he hasn't used cap space, apron or bird rights yet.

[bigscrims]

We had 20M including cap holds on everyone and Novak. Clear Novak renounce the cap hold on GV. Renounce rights to either Lowry or 2Pats.sign Deng and 2pats and use bird rights on Lowry. As long as we stay under the tax the order of signings and how we sign matters. Nothing is official, things can be moved.

You're just pulling nonsense out of your ass. You can't renounce someone then turn around and sign them, that's the whole point in a cap hold. You're also confusing cap space and tax space, were not going to get far enough below the cap to do what your talking about.

The only way we can add someone larger than the MLE is through a trade.

Yes you can thats what the Heat are doing, if you don't need bird rights you can renounce.2Pats cap hold is bigger than the 6M we sign him for.

That's not what the Heat are doing. They have not renounced their rights to Wade and Bosh.

You can sign a player you renounced, but you lose their bird rights.

[toronto16]

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?

No because we don't have them bird rights to go over the cap

[hankscorpioLA]

http://www.torontosun.com/2014/07/04/raptors-reach-deal-with-patterson-vasquez-signing-close

Assuming Brazilians Bruno Caboclo and Lucas Nogueira join the team for next season, as expected, the roster is nearly full, with precious little cash remaining to bring in a needed defensive-minded small forward and big rim protector.

Once the Vasquez deal is done, Toronto will only have one roster spot left and likely less than $5 million in space below the luxury tax to add the last piece.

One way to open up more room would be to use the stretch waive provision, which would allow a player (likely Landry Fields or Steve Novak), to be bought out, with the buyout stretching over several seasons, creating more cap room right away (ie. Novak's $7.1 million would be paid over the next five seasons, or $1.42 million a season).

Article is wrong. We haven't touched our cap space yet since we've just resigned all our players, actually just reached agreenents. The cap space we started with hasn't been touched. It is only used when we sign a free agent from another team. We can use the apron to resign our own players. MU is just gather up figures, he hasn't used cap space, apron or bird rights yet.

We have no cap space and we never did.

With committed salaries and cap holds we were already over the cap.

What we have not done is use any of our exceptions.

[hankscorpioLA]

Yes you can thats what the Heat are doing, if you don't need bird rights you can renounce.2Pats cap hold is bigger than the 6M we sign him for.

That is incorrect. His cap hold stays in place until he signs a new contract, at which point his new salary becomes his cap figure.

And btw...we are using his Bird rights to re-sign him.

[bigscrims]

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?

No because we don't have them bird rights to go over the cap

Almost certain that we have bird rights to both Vasquez and Patterson...

[toronto16]

In order for a team to have bird rights the player has to be with the team for three years..

[vexen]

With all the stuff done today, do we have enough to sign VC?

[knickerbocker2k2]

In order for a team to have bird rights the player has to be with the team for three years..

Not true. Bird rights follow players as they are traded. 3 years is for FA signed (typically undrafted players).

We will have MLE. Also we have the trade exception from Gay trade. Anyone know how large?

[SkywalkerAC]

http://www.torontosun.com/2014/07/04/raptors-reach-deal-with-patterson-vasquez-signing-close

Assuming Brazilians Bruno Caboclo and Lucas Nogueira join the team for next season, as expected, the roster is nearly full, with precious little cash remaining to bring in a needed defensive-minded small forward and big rim protector.

Once the Vasquez deal is done, Toronto will only have one roster spot left and likely less than $5 million in space below the luxury tax to add the last piece.

One way to open up more room would be to use the stretch waive provision, which would allow a player (likely Landry Fields or Steve Novak), to be bought out, with the buyout stretching over several seasons, creating more cap room right away (ie. Novak's $7.1 million would be paid over the next five seasons, or $1.42 million a season).

Article is wrong. We haven't touched our cap space yet since we've just resigned all our players, actually just reached agreenents. The cap space we started with hasn't been touched. It is only used when we sign a free agent from another team. We can use the apron to resign our own players. MU is just gather up figures, he hasn't used cap space, apron or bird rights yet.

Dude, get with the times. We've been talking about this s--- for weeks.

[SkywalkerAC]

With all the stuff done today, do we have enough to sign VC?

Yes.

[dagger]

In order for a team to have bird rights the player has to be with the team for three years..

No, it's the contract that matters. If he is on a contract that is traded, his Bird rights go with him. A player can sign a three contract, then get traded during the life of the contract from Team A to Team B and then again from Team B to Team C, and he will retain his Bird rights. Team C can use them to sign him to a new, larger contract.

[hankscorpioLA]

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?

No because we don't have them bird rights to go over the cap

We DO have their Bird rights.

[EwwItsRasho]

In order for a team to have bird rights the player has to be with the team for three years..

I don't think that's the case when they are players coming off their rookie contracts and into restricted free agency.

[hankscorpioLA]

www.cbafaq.com

Seriously people....

[hankscorpioLA]

In order for a team to have bird rights the player has to be with the team for three years..

I don't think that's the case when they are players coming off their rookie contracts and into restricted free agency.

Its really very simple....when a player is traded, whatever Bird rights the original team would have had are transferred to the new team.

Thus, since Vasquez and Patterson are coming off their rookie deals, we have Bird rights for them.

[hankscorpioLA]

With all the stuff done today, do we have enough to sign VC?

We have not used our mid-level exception yet, so we can sign him for up to that amount.

We won't know exactly how much room we have under the luxury tax for this season until the final details of the contracts we signed come out.