Re: Salary Cap Situation for 2013-14
posted at 5/8/2013 2:13 PM EDT
In response to Fierce34's comment:
In response to Mployee8's comment:
>> Bet they didn't allocate the $5MM buy out over three years using the stretch provision for guaranteed salary, huh? That brings in down to $60MM and another $4MM for KG brings it down to $56MM.
So with that done, what have we really gotten other than your prediction of $2MM? Well, for starters we have an $8MM player/s we just picked up for KG and maybe a draft pick as well or a Traded Player Exception to be used for another player. We also are $4-5MM under the cap and have the Mini-MLE ($3MM) at our disposal as well. So assuming we got a big for the $8MM trade off for KG, we have $4-5MM left under the cap for a bonafide 3-pt shooter and the MMLE for a backup PG. That fills a few holes and provides a good transition to 2014. Or they could just take back a PTE and use that with one or a combination of Lee, Melo, Bass, etal for Big Al ... All sorts of options depending upon what Danny can do. He now has an old allie in Phoenix not unlike his McHale connection which could prove to be beneficial as well.
You're crazy. It's either the Celts stretch Pierce's 15.3m or waive him and take a 5m cap hit. The Celtics cannot waive Pierce then stretch the 5m cap hit, duh!
The Celts don't have the mini-MLE. Mini-MLEs are for teams over the tax apron.
If the Celts go under the cap then they would have the Room MLE which starts at 2.5m per year for 2 years.
As described in question number 63, if the contract or extension was signed under the previous CBA, then the team and player may negotiate a revised payment schedule. Otherwise (if the contract or extension was signed under the current CBA), the remaining guaranteed salary is paid over twice the number of remaining years, plus one, per the Stretch provision:
- If the player's salary payments are spread-out using the Stretch provision, the team may elect to stretch the salary cap charge to match2. For example, if two seasons remain on the player's contract when he is waived, and the payment is spread-out over five years per the Stretch provision, then the team may elect to spread-out the salary cap hit over those same five years.
- In all other cases (i.e., when the contract or extension was not signed under the current CBA, or when the team elects not to spread-out the cap hit per the Stretch provision), the player's remaining guaranteed salary is included in team salary in the remaining years of the contract, ignoring any revised payment schedule. For example, if a player who signed under the previous CBA is waived with two seasons remaining on his contract and the team & player negotiate a lump-sum payout of the remaining guaranteed salary, the player's salary continues to be included in team salary over the next two seasons. The amount charged to the team salary in each season is commensurate with the amount of guaranteed salary to be paid in that season.
The remainder of the contract includes any seasons following an Early Termination Option (ETO), but not a season following a player or team option. However, as mentioned in question number 57, all contracts with player options contain a clause indicating whether the player receives his salary for the option year in the event he is waived before the option is picked-up. This clause states that the benefit is "to the same extent" as if the option had been exercised. The league interprets this to mean that the team salary is charged to all seasons of the contract, including the unexercised option season. For example, when Derek Fisher was waived by the Houston Rockets during the 2011-12 season, his player option for the 2012-13 season was unexercised. His remaining guaranteed salary (he agreed to take less in a buyout arrangement) was charged to the Rockets' cap in both 2011-12 and 2012-13.
> Even tho Pierce's contract was written in 2010, the team and player can negotiate a revised payment schedule but no doubt it can't be stretched out any longer than the stretch provision allows under the new CBA.
>> Semantics, the MLE is for non-taxpaying teams over the cap but under the luxury tax apron and what I referred to as the MMLE (Room) is for those under the cap. There is another MLE for luxury tax paying teams which is about the same as the MMLE/Room but both are around $3MM