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indygeezer
07-10-2007, 11:27 PM
From RealGM

NBA Sets 07-08 Salary Cap At $55.630 million
July 10, 2007 - 9:57 pm
Press Release -
NBA SALARY CAP FOR 2007-08 SEASON SET AT $55.630 MILLION

NEW YORK, July 10, 2007 – The National Basketball Association today announced that the Salary Cap for the 2007-08 season will be $55.630 million. The new Cap goes into effect at 12:01 a.m. ET on Wednesday, July 11, when the league’s “moratorium period” ends and teams can begin signing free agents and making trades.

The tax level for the 2007-08 season has been set at $67.865 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $67.865 million.

The mid-level exception is $5.356 million for the 2007-08 season and the minimum team salary, which is set at 75% of the Salary Cap, is $41.723 million.

For the 2006-07 season, the Salary Cap was set at $53.135 million, the tax level was $65.42 million and the mid-level exception was $5.215 million.

RealGM Note: In addition to the above, the maximum player salaries for first year salaries in new contracts (those signed after July 10, 2007) as well as the first year salaries of maximum extensions (signed prior to the 06-07 season) will be the greater of 105% of the player's previous salary or the following:

$13,041,250 for players with 0-6 Years of Service

$15,649,500 for players with 7-9 Years of Service

$18,257,750 for players with 10 or more Years of Service

Kstat
07-10-2007, 11:32 PM
very good news.

Frank Slade
07-10-2007, 11:57 PM
Let the spending begin ! :tophat:

Hicks
07-11-2007, 05:25 AM
If you go by Hoopshype we're only 2mm away from the luxury tax. So either we don't sign anyone to more than starting at 2mm a year, or we sign-and-trade to get someone who's a MLE player. We have apparently 3 guys who might fit: Marquis, Jeff, and Jamaal. JT and MD might be a little too much.

able
07-11-2007, 07:24 AM
they're (hoopshype) 1.5 mio out, Orien is waived, no guarantee on contract and Owens is non-guaranteed so if waived before the Jan deadline does not count.

Frank Slade
07-11-2007, 10:31 AM
If you go by Hoopshype we're only 2mm away from the luxury tax. So either we don't sign anyone to more than starting at 2mm a year, or we sign-and-trade to get someone who's a MLE player. We have apparently 3 guys who might fit: Marquis, Jeff, and Jamaal. JT and MD might be a little too much.

Now we can't actually sign anyone that is FA to a 2 mil deal I believe.
Since we are well over the cap, The 2mm is the amount left before we start paying dollar for dollar on the luxury tax.

Now we can still use the Minimum Salary exception, and sign as many minimum salary players as we can fit on a team. :dance:

Tom White
07-11-2007, 10:48 AM
If you go by Hoopshype we're only 2mm away from the luxury tax. So either we don't sign anyone to more than starting at 2mm a year, or we sign-and-trade to get someone who's a MLE player. We have apparently 3 guys who might fit: Marquis, Jeff, and Jamaal. JT and MD might be a little too much.

This might make it a bit more complicated, but...

If another team has a MLE player the Pacers are interested in, and that team is wanting to cut a bit of salary, the Pacers could trade a player with a gtd contract, plus the non gtd contracts of Owens and Greene (not sure if Greene can be done that way) to that team. The other team could then release the non-gtd players and save some cash.

naptownmenace
07-11-2007, 11:06 AM
This might make it a bit more complicated, but...

If another team has a MLE player the Pacers are interested in, and that team is wanting to cut a bit of salary, the Pacers could trade a player with a gtd contract, plus the non gtd contracts of Owens and Greene (not sure if Greene can be done that way) to that team. The other team could then release the non-gtd players and save some cash.

Greene has already been waived. He can't be traded.

Tom White
07-11-2007, 11:21 AM
Greene has already been waived. He can't be traded.

Yeah, I wasn't sure how "waivers" worked in the NBA. I was not sure if in the case Greene was not claimed by another team in a given length of time, whether the Pacers could still hold his rights for trade purposes or not. That is why I put the "not sure about Greene" part in there.

diamonddave00
07-11-2007, 12:22 PM
I'm under the impression Orien Greene was waived so his contract was not automaticly guaranteed the 770,000 should be off the salary list.

JayRedd
07-11-2007, 12:39 PM
Anyone else read the ESPN story on this?

What's all this nonsense about Rashard's contract? He's getting the max for between$90 - $120 million now? Wasn't it 5/$75 when it was reported? Is Sheridan on drugs or is this correct?

http://sports.espn.go.com/nba/news/story?id=2932279




Salary cap for 2007-08 season set at $55,630,000

By Chris Sheridan
ESPN.com

Updated: July 11, 2007, 2:40 AM ET

<!-- end page tools --><!-- begin story body --><!-- template inline -->
The salary cap for the 2007-08 NBA season will be set at $55,630,000, ESPN.com has learned.

The number was reached after an audit of league finances and was set late Tuesday night by the players association and the league office. It will be the number teams use beginning Wednesday when a 10-day moratorium on free agent signing ends.

The mid-level exception for over-the-cap teams is $5,356,000, and the luxury tax threshold will be $67,865,000.

The salary cap numbers mean that free agent Rashard Lewis (http://sports.espn.go.com/nba/players/profile?statsId=3275) of Seattle will get a $90.764 million deal from the Orlando Magic (http://sports.espn.go.com/nba/clubhouse?team=orl) if he signs with them for five years.

If, however, the Seattle SuperSonics (http://sports.espn.go.com/nba/clubhouse?team=sea) and Magic can agree to a sign-and-trade deal, Lewis would get a six-year pact.

Florida Today's John Denton is reporting that Orlando has indeed agreed to a sign-and-trade deal with the Sonics that will allow Lewis to make $126.4 million over the next six seasons, according to NBA sources who requested anonymity. The Magic will send back a second-round pick to the Sonics.

Chris Sheridan covers the NBA for ESPN Insider.

Slick Pinkham
07-11-2007, 01:47 PM
Seattle then gets a HUGE trade exception which may be handy

Kstat
07-11-2007, 01:56 PM
$9 million trade exemption.