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Thread: NBA Sets Salary Cap At $53.135 Million

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    Member Frank Slade's Avatar
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    Thumbs up NBA Sets Salary Cap At $53.135 Million

    NBA Sets Salary Cap At $53.135 Million


    11th July, 2006 - 9:10 pm


    NBA - The National Basketball Association today announced that the Salary Cap for the 2006-07 season will be $53.135 million. The new Cap goes into effect at 12:01 a.m. ET on Wednesday, July 12, when the league’s “moratorium period” ends and teams can begin signing free agents and making trades.

    For the 2005-06 season, the tax level was set at $61.70 million. The tax level for the 2006-07 season has been set at $65.42 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $65.42 million.

    The mid-level exception is $5.215 million for the 2006-07 season and the minimum team salary, which is set at 75% of the Salary Cap, is $39.85 million. [READ]

    REALGM

    Wow this helps Indiana I believe

    Why Not Us ?


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    How are you here? Kegboy's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Yeah, that $65M gives us a lot of room to play around. We could trade for more salary and use the MLE. Not that I think that we will.
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    White and Nerdy Anthem's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Cap is 65 mil? That's very good.... it means we can pick up Al in an S&T and still use the full MLE.

    This is very good for us.
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    Administrator Unclebuck's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by Anthem
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    Cap is 65 mil? That's very good.... it means we can pick up Al in an S&T and still use the full MLE.

    This is very good for us.


    No that's the luxury tax

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    White and Nerdy Anthem's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by Unclebuck
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    Not that's the luxury tax
    Right, that's what I meant. Doesn't change my point.

    Assuming we get back roughly equal salary on the Harrington trade, we'll still have room to use the full MLE.
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    Go Colts! Shade's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    What is the point of a "cap" if you can exceed it without penalty up to the tax threshold?

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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by Shade
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    What is the point of a "cap" if you can exceed it without penalty up to the tax threshold?
    You can only use exceptions to sign free agents when over the cap. Other than that, it's worthless.
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by Shade
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    What is the point of a "cap" if you can exceed it without penalty up to the tax threshold?
    I was about to ask the same thing...

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    White and Nerdy Anthem's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by Shade
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    What is the point of a "cap" if you can exceed it without penalty up to the tax threshold?
    There is a penalty. Past the cap, and you can't sign other people's free agents.
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    Member Frank Slade's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by bulletproof
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    I was about to ask the same thing...
    That's the difference between the NBA and NFL to an extent
    Soft vs Hard Cap. You can sign your players up to as much as you want to pay but you have to pay a fine basically when you go over the set Cap.

    Then you you only have the exceptions on over the $53.135 Mil
    And you can only use the Exceptions if your teams is over the salary cap

    www.storytellerscontracts.info
    Right now ,factoring in the reported Marquis's Salary:

    Pacers are around

    $51,932,141. Not including Freddie.
    $ 50,151,663 Not inlcuding our Draft Picks that have yet to Sign

    Why Not Us ?


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    Go Colts! Shade's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by Frank Slade
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    That's the difference between the NBA and NFL to an extent
    Soft vs Hard Cap. You can sign your players up to as much as you want to pay but you have to pay a fine basically when you go over the set Cap.

    Then you you only have the exceptions on over the $53.135 Mil
    And you can only use the Exceptions if your teams is over the salary cap

    www.storytellerscontracts.info
    Right now ,factoring in the reported Marquis's Salary:

    Pacers are around

    $51,932,141. Not including Freddie.
    $ 50,151,663 Not inlcuding our Draft Picks that have yet to Sign
    Actually, our draft picks have already "signed" (will be official tomorrow).

  12. #12
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by Shade
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    Actually, our draft picks have already "signed" (will be official tomorrow).
    It's already official. Free agents and trades will/can take effect tomorrow. Including their salaries I would put us around $52.5 million.

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    Grumpy Old Man (PD host) able's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by Will Galen
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    It's already official. Free agents and trades will/can take effect tomorrow. Including their salaries I would put us around $52.5 million.
    add 3.65 mio for the qualifying offer to Jones
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Someone can correct me if I am wrong:

    JONeal $18,084,000
    Bender $7,975,000
    Sjax $6,080,000
    Marquis $5,883,600
    Tinsley $5,714,286
    Foster $5,200,000
    Sarunas $4,000,000
    AJ $2,894,737
    Freddie $3,239,420
    Granger $1,417,800
    Harrison $960,840

    Total Salary ( including Freddie's, all of Bender's salary and Rookie Salaries ) - $61,449,680
    Total Salary ( not including Freddie, all of Bender's salary and Rookie Salaires ) -$50,235,260


    Can someone would have to figure out how much of Bender's Salary should be included?
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by CableKC
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    Someone can correct me if I am wrong:

    JONeal $18,084,000
    Bender $7,975,000
    Sjax $6,080,000
    Marquis $5,883,600
    Tinsley $5,714,286
    Foster $5,200,000
    Sarunas $4,000,000
    AJ $2,894,737
    Freddie $3,239,420
    Granger $1,417,800
    Harrison $960,840

    Total Salary ( including Freddie's, all of Bender's salary and Rookie Salaries ) - $61,449,680
    Total Salary ( not including Freddie, all of Bender's salary and Rookie Salaires ) -$50,235,260

    Can someone would have to figure out how much of Bender's Salary should be included?
    The correct amount would not include Bender, but would include the rookies.

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    Member Frank Slade's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by CableKC
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    Can someone would have to figure out how much of Bender's Salary should be included?

    How Does Bender's Release Affect Cap?
    Thursday, June 15, 2006

    Q. As Bender has now officially been waived, is this because the Pacers were not able to get a medical exemption for his salary? Also, will he still count again this year's salary cap?
    (From Andrew in Avon, Ind.)

    A. The waiving of Bender brought closure to his career with the Pacers. Shortly after he announced in February that he would be unable to continue his career due to the medical condition of his oft-injured knees, the Pacers applied for salary-cap relief from the league. Though the remainder of Bender's contract was paid by an insurance policy, the team hoped to clear his salary from the books for both 2005-06 and 2006-07, the final two years of his deal.

    After studying the medical reports, the NBA did grant that relief to the Pacers, which reportedly removed nearly $8 million from the 2006-07 cap number. Bender's release means the Pacers currently have nine players under contract for 2006-07. That does not include free agents Peja Stojakovic, Scot Pollard and Eddie Gill, or potential free agent Fred Jones. The Pacers must make Jones a qualifying offer by June 30 to retain the right of first refusal.
    http://www.nba.com/pacers/news/question_archive.html

    I take from this that the entire portion was cleared ?

    Why Not Us ?


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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by Frank Slade
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    http://www.nba.com/pacers/news/question_archive.html

    I take from this that the entire portion was cleared ?
    That does help. So we are at:

    JONeal $18,084,000
    Sjax $6,080,000
    Marquis $5,883,600
    Tinsley $5,714,286
    Foster $5,200,000
    Sarunas $4,000,000
    AJ $2,894,737
    Freddie $3,239,420
    Granger $1,417,800
    Harrison $960,840

    Total Salary ( including Freddie's but not the Rookie Salaries ) - $53,474,683
    Total Salary ( including Freddie's but not the Rookie Salaries ) - $50,235,260

    Do we know how much Shawne and Flight were signed for?

    If not....what is the likely rookie contracts that are usually offered ( we can go off that )?

    Also...forgot about Oriene Greene. Does he have a guaranteed contract for the 2006-2007 season?


    I suspect that we will likely be over the salary cap but somewhere below the Luxury Tax threshold assuming that we resign Freddie ( which I don't think we will ).
    Ash from Army of Darkness: Good...Bad...I'm the guy with the gun.

    This is David West, he is the Honey Badger, West just doesn't give a *****....he's pretty bad *ss cuz he has no regard for any other Player or Team whatsoever.

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    Default Re: NBA Sets Salary Cap At $53.135 Million

    So to update the list (w/Bender subtracted) the Pacers stand at:

    JONeal $18,084,000
    Sjax $6,080,000
    Marquis $5,883,600
    Tinsley $5,714,286
    Foster $5,200,000
    Sarunas $4,000,000
    AJ $2,894,737
    Freddie $3,239,420
    Granger $1,417,800
    Harrison $960,840
    ******************
    Total: $53,474,680


    That's pretty good shape to use the full MLE and the $1.7 vet exception if they so choose.
    Quote Originally Posted by vnzla81
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    Larry is not coming back, he didn't have a meeting with Orlando for not reason, yeah he is coming back to the NBA but not to the Pacers, the notion that he is a taking a year off and then come back is absurd.
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    Administrator Unclebuck's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Shawne Williams will make what Granger made last season. They were both picked 17th

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    Default Re: NBA Sets Salary Cap At $53.135 Million

    freddie can probably be taken off that so that gets us down to around 50 million even. our two rookies will probably cost about 1.5-2 million combined.

    nice to see us finally under the cap. like naptownmenace said, hopefully it's enough to entice mgmt to use the MLE and 1.7 Vet.

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    Cheeseburger in Paradise Los Angeles's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by Unclebuck
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    Shawne Williams will make what Granger made last season. They were both picked 17th
    I think he'll make a little more.

    I'm pretty sure that there's an "inflation" from one year to the next for each draft spot.

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    Administrator Unclebuck's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by Los Angeles
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    I think he'll make a little more.

    I'm pretty sure that there's an "inflation" from one year to the next for each draft spot.


    Probably 100,000 -150,000 more, you know nickel and dime stuff

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    Default Re: NBA Sets Salary Cap At $53.135 Million

    I forget....do we usually use the Full MLEs from year to year?
    Ash from Army of Darkness: Good...Bad...I'm the guy with the gun.

    This is David West, he is the Honey Badger, West just doesn't give a *****....he's pretty bad *ss cuz he has no regard for any other Player or Team whatsoever.

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    Default Re: NBA Sets Salary Cap At $53.135 Million

    Quote Originally Posted by Unclebuck
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    Probably 100,000 -150,000 more, you know nickel and dime stuff
    I'll take those nickles and dimes, thank you very much!

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    Pacer Junky Will Galen's Avatar
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    Default Re: NBA Sets Salary Cap At $53.135 Million

    According to http://www.nbpa.org/cba_exhibits/exhibitB.php This is the NBA players site. They have a chart of what all the first round rookies make. 2006-07 NBA Rookie Scale ($000ís)

    Williams will get. . .
    1] 1,139.8
    2] 1,225.3
    3] 1,310.8

    The 30th pick will get . . .
    1] 744.4
    2] 800.2
    3] 856.1

    White was the 31st pick and got a guaranteed contract for two years. (The Pacers didn't have to give him a guarantee) He should get just a little less than the 30th pick got.

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