The trade deadline is fast approaching and naturally everyone has their fantasy GM hats on. So here is the Pacers current salary situation.
The current salary cap is $58,044,000. Next season it will most likely be right around $60,000,000.
After this season the team is about $12 million under the cap with 8 players under contract. You know they'll pick up Lance's option which takes up just under $1 million. So that give us 9 guys under contract and about $11 million in cap space. It's basically a certainty that they won't make the $4.2 million qualifying offer for Tyler Hansbrough.
I would have to think they're going to attempt to re-sign David West. At what cost do you do that though, and would West give them a discount or sign a backloaded contract? If they do retain West, they're really going to have to try to move a big contract like Roy or Danny this summer (assuming no trades are made this month). I was under the impression that we were in a little more friendly cap position after this season than we actually are. The nice thing is that in 2 years, the 2014-15 season, we'll have 3/5 of our starting lineup under contract at only about $27 million.
I hadn't remembered to think about the luxury tax.
This season the Luxury Tax threshold is $70 million. If you project that out for next season, the luxury tax next season should be around $72 million. That would help tremendously in regards to re-signing West and still having some space to fill out the roster.