Hello all!
My initial guess on what this year's salary cap number was eerily close to reality, as I was only off by $124,000. With that update and with the news on Jordan Hill signing ( I also will provide an educated guess on his contract, until we hear for sure next week), our updated status is listed below.
We obviously have renounced all of our free agents and have opted to operate as a below the cap team. I will also try to explain to those of you who are confused to how the Hibbert trade worked from a cap perspective, and try and give us an idea of how much practical money we have available to spend.
Without further ado, here is how it adds up:
UNDER CONTRACT ALREADY:
Paul George...................................17,120,10 6
George Hill.....................................8,000,000
C.J. Miles.......................................4,394, 000
Ian Mahimni...................................4,000,00 0
Solomon Hill...................................1,358,880
Damjan Rudez................................1,149,500
TOTAL: 36,022,711
DRAFT PICKS AND ASSUMED MINIMUM SIGNINGS
Myles Turner..................................2,357,000
Joe Young.......................................525,09 3 (this could be higher if Indiana wants to get creative)
Shane Whittington...........................947,276
TOTAL: 3,829,369
NOW, FREE AGENT SIGNINGS WHERE I AM USING EDUCATED GUESSES ON THE AMOUNTS (see notes below the amounts)
Monta Ellis.....................................10,304,4 50
Rodney Stuckey...............................6,698,565
Jordan Hill.......................................5,000,0 00
TOTAL: 22,003,015
Notes: With these 3 players plus Lavoy Allen, Indiana COULD choose to structure their first year salaries at slightly higher amount than I have listed, if they choose to either pay them a "flat" structure (same amount each year, no raises) or in a "decreasing" structure (frontload the contracts where you pay them the highest amount in year 1 and decrease every year). For now, I am keeping these estimates at the lowest year 1 amounts possible to maximize our cap room in the 2015-2016 fiscal year.
For Jordan Hill, I am using rumors about his deal I read from sources in LA, which is that it will be a 2 yr, 10 million deal with the 2nd year a player option. No idea if that is true, but it seems reasonable to assume for the purposes of this article.
Add those 12 players up and you get: 61,855,095
That would give us still to work with: 8,144,905 to sign a remaining free agent or take back that much in excess salary from someone. Any deal for more than that amount we would need to send out salary to get the difference down to that amount.
If we are going to make a deal like that, getting salary back in return, we likely need to do it before next week when all of our signings become official. Because, THAT AMOUNT OF CAP ROOM LEFT DOES NOT TAKE INTO ACCOUNT LAVOY ALLEN'S SALARY YET. We can go OVER THE CAP to re-sign Allen officially remember, which is why we still have extra accounting room.
Let me say it again: to maximize your cap room you need to sign Lavoy Allen last.
After we sign Lavoy Allen for a salary of: 3,825,000......then our cap room is reduced to 4,319,905. Before we re-sign Allen, we have 8,144,905 to work with.....important difference.
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Because teams and players don't want to be left hanging for that long, Indiana will likely add another player this weekend, if they indeed are going to do something extra. We only have 13 players committed to us counting Allen, so we clearly have the cap room and money and space to obtain one more reasonably salaried player, if one is out there to obtain.
So, if you amateur GM's want to get on the case, try and find us a useful player for under 8,000,000 we can acquire in a small trade or as a free agent somewhere by whenever our deals become official, which likely will happen by the middle of next week.
After we sign obtain "the mystery player" we still likely will get in the next 96 hours, next move is to sign Allen. After that, Indiana will have the 2.8 "room exception" left to sign a 15th player to the roster if they so choose, or they could save that and take it into the season. We can also sign minimum contracts if we so want to.
-----------------------------------------------------------------------------------------------------------------
I am reading a lot of confusion about a 15.5 "trade exception" that we received in the Roy Hibbert trade. While technically true, we would have to renounce that trade exception in order to sign Jordan Hill and Ellis to their amounts. So, if we basically do what we all think we are going to do, then this trade exception doesn't help us.
Basically, you could indeed keep that exception, but then you have no way to execute the signings that you have already agreed to.
HOWEVER, we could theoretically get Dallas and Los Angeles to sign and trade Ellis and Jordan Hill to us, and use that exception to take their salaries back next week. That might be advantageous to both the Mavs and Lakers to do that, though at this point I see no reason that it benefits Indiana at all. In other words, I expect it to be just a simple straight signing of both players, with no cap machinations needed.
K.I.S.S. is what I expect from Indiana at this point.
------------------------------------------------------------------------------------------------------------------
So, what have we learned? I think we can count on at least 1 more signing for depth, or a minor trade still remaining for Indiana, and I would bet it would be in the next 96 hours or so. Feel free to speculate on who it would be. I would guess perhaps there might be a European player we could bring over for the amount of money we have left to spend, and since we have the world's best international scout in Pete Philo working for us, that would be what I would expect.
More updates as events warrant.
Tbird
My initial guess on what this year's salary cap number was eerily close to reality, as I was only off by $124,000. With that update and with the news on Jordan Hill signing ( I also will provide an educated guess on his contract, until we hear for sure next week), our updated status is listed below.
We obviously have renounced all of our free agents and have opted to operate as a below the cap team. I will also try to explain to those of you who are confused to how the Hibbert trade worked from a cap perspective, and try and give us an idea of how much practical money we have available to spend.
Without further ado, here is how it adds up:
UNDER CONTRACT ALREADY:
Paul George...................................17,120,10 6
George Hill.....................................8,000,000
C.J. Miles.......................................4,394, 000
Ian Mahimni...................................4,000,00 0
Solomon Hill...................................1,358,880
Damjan Rudez................................1,149,500
TOTAL: 36,022,711
DRAFT PICKS AND ASSUMED MINIMUM SIGNINGS
Myles Turner..................................2,357,000
Joe Young.......................................525,09 3 (this could be higher if Indiana wants to get creative)
Shane Whittington...........................947,276
TOTAL: 3,829,369
NOW, FREE AGENT SIGNINGS WHERE I AM USING EDUCATED GUESSES ON THE AMOUNTS (see notes below the amounts)
Monta Ellis.....................................10,304,4 50
Rodney Stuckey...............................6,698,565
Jordan Hill.......................................5,000,0 00
TOTAL: 22,003,015
Notes: With these 3 players plus Lavoy Allen, Indiana COULD choose to structure their first year salaries at slightly higher amount than I have listed, if they choose to either pay them a "flat" structure (same amount each year, no raises) or in a "decreasing" structure (frontload the contracts where you pay them the highest amount in year 1 and decrease every year). For now, I am keeping these estimates at the lowest year 1 amounts possible to maximize our cap room in the 2015-2016 fiscal year.
For Jordan Hill, I am using rumors about his deal I read from sources in LA, which is that it will be a 2 yr, 10 million deal with the 2nd year a player option. No idea if that is true, but it seems reasonable to assume for the purposes of this article.
Add those 12 players up and you get: 61,855,095
That would give us still to work with: 8,144,905 to sign a remaining free agent or take back that much in excess salary from someone. Any deal for more than that amount we would need to send out salary to get the difference down to that amount.
If we are going to make a deal like that, getting salary back in return, we likely need to do it before next week when all of our signings become official. Because, THAT AMOUNT OF CAP ROOM LEFT DOES NOT TAKE INTO ACCOUNT LAVOY ALLEN'S SALARY YET. We can go OVER THE CAP to re-sign Allen officially remember, which is why we still have extra accounting room.
Let me say it again: to maximize your cap room you need to sign Lavoy Allen last.
After we sign Lavoy Allen for a salary of: 3,825,000......then our cap room is reduced to 4,319,905. Before we re-sign Allen, we have 8,144,905 to work with.....important difference.
---------------------------------------------------------------------------------------------------------------------
Because teams and players don't want to be left hanging for that long, Indiana will likely add another player this weekend, if they indeed are going to do something extra. We only have 13 players committed to us counting Allen, so we clearly have the cap room and money and space to obtain one more reasonably salaried player, if one is out there to obtain.
So, if you amateur GM's want to get on the case, try and find us a useful player for under 8,000,000 we can acquire in a small trade or as a free agent somewhere by whenever our deals become official, which likely will happen by the middle of next week.
After we sign obtain "the mystery player" we still likely will get in the next 96 hours, next move is to sign Allen. After that, Indiana will have the 2.8 "room exception" left to sign a 15th player to the roster if they so choose, or they could save that and take it into the season. We can also sign minimum contracts if we so want to.
-----------------------------------------------------------------------------------------------------------------
I am reading a lot of confusion about a 15.5 "trade exception" that we received in the Roy Hibbert trade. While technically true, we would have to renounce that trade exception in order to sign Jordan Hill and Ellis to their amounts. So, if we basically do what we all think we are going to do, then this trade exception doesn't help us.
Basically, you could indeed keep that exception, but then you have no way to execute the signings that you have already agreed to.
HOWEVER, we could theoretically get Dallas and Los Angeles to sign and trade Ellis and Jordan Hill to us, and use that exception to take their salaries back next week. That might be advantageous to both the Mavs and Lakers to do that, though at this point I see no reason that it benefits Indiana at all. In other words, I expect it to be just a simple straight signing of both players, with no cap machinations needed.
K.I.S.S. is what I expect from Indiana at this point.
------------------------------------------------------------------------------------------------------------------
So, what have we learned? I think we can count on at least 1 more signing for depth, or a minor trade still remaining for Indiana, and I would bet it would be in the next 96 hours or so. Feel free to speculate on who it would be. I would guess perhaps there might be a European player we could bring over for the amount of money we have left to spend, and since we have the world's best international scout in Pete Philo working for us, that would be what I would expect.
More updates as events warrant.
Tbird
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