knicks742 wrote:This is true. The bucks did this with Michael Redd when they maxed him out but not until after they had used all of their cap space on other players. He had a very low cap hold as a 2nd round player.
What he said.
These are Bird Rights in action - their intended use.
I think what's throwing people is they tend to think of cap rules as rules of prevention, keeping teams from doing things.
It allows teams to do things too.
The x-factor here is Wilson Chandler is now outplaying his 23rd pick status. As such, even though his cap hold is 300% of his previous salary (the CBA's largest threshold), because his rookie salary slot only guarantees him $2m and change this season, his cap hold will be the rare bargain (it's usually the opposite).
Example: Next year Gallinari's cap hold will be $12.6m.
The CBA giveth, and the CBA taketh away.