Raptors Cap/Tax Status - Page 15
Old 07-11-2013, 04:43 PM   #281 (permalink)
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Danh

maybe you could clarify few things

if we amnesty LK and some team picks him up Raptors will only pay him the difference right?

is this same condition apply if some euro teams (non nba) pick him up...
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Old 07-11-2013, 04:45 PM   #282 (permalink)
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Danh

maybe you could clarify few things

if we amnesty LK and some team picks him up Raptors will only pay him the difference right?

is this same condition apply if some euro teams (non nba) pick him up...
We'd still be on the hook for the total of the contract I believe.
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Old 07-11-2013, 04:55 PM   #283 (permalink)
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Yep. It is possible the player accepts a buyout below the full amount, which would reduce his cap hit, but it is rare.

Also possible, but rare, is that the waived player gets picked up on waivers, and another team assumes his contract, thus removing his cap hit.
with the current team we are 2.3M over the tax

since Camby is begging for a buy out...if for example he accept a buy out of 2M this year and the remaining 2M next year (we are under the tax next year anyway)

first - is this legal
second - is this means with LK still in we will not hit the luxury tax as camby will only account for 2M this year.
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Old 07-11-2013, 09:13 PM   #284 (permalink)
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Originally Posted by xplode View Post
Danh

maybe you could clarify few things

if we amnesty LK and some team picks him up Raptors will only pay him the difference right?

is this same condition apply if some euro teams (non nba) pick him up...
If we amnesty, there's no cap hit no matter what. In terms of actually paying him, we are on the hook unless someone claims him on amnesty waivers. If he clears and decides to sign outright with another team or in Europe, we're stuck paying his salary. (Minus a small set-off value, that is complicated to explain and practically meaningless)

Last edited by DanH; 07-11-2013 at 09:49 PM.
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Old 07-11-2013, 09:22 PM   #285 (permalink)
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Originally Posted by xplode View Post
with the current team we are 2.3M over the tax

since Camby is begging for a buy out...if for example he accept a buy out of 2M this year and the remaining 2M next year (we are under the tax next year anyway)

first - is this legal
second - is this means with LK still in we will not hit the luxury tax as camby will only account for 2M this year.
Nope. Any buyout has to be spread over his remaining years in the same ratio as the remaining guaranteed salary on his contract. So for example, a 4 M buyout like you describe would be about 3.25 M this year and 0.75 M next year. It would have to be a much lower buyout to get any meaningful gain.

The other option is to stretch provision him, which would mean a 5.5 M cap hit spread over 5 years at 1.1 M per year. More palatable than a Fields stretch, that's for sure.
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Old 07-11-2013, 10:10 PM   #286 (permalink)
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Originally Posted by moremilk View Post
who wouldn't. His remaining salary on March 1st is something like 1 million. The tax revenues a team would lose by allowing us to go under the tax cap is probably in the order of 200k or so. So if we were to pay them 1.5 million, they get a free player and beer money for the team. No brainer.
Yeah, except the number of teams with cap to play with tend to be small at the end of the year, so those teams historically do not settle for cash. It would usually be cash and assets.
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Old 07-12-2013, 08:49 AM   #287 (permalink)
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Hansbrough's 2nd season is not a team option, but a partial guarantee. No word on the amount of the guarantee, but it is not nothing.
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Old 07-12-2013, 09:11 AM   #288 (permalink)
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Hansbrough's 2nd season is not a team option, but a partial guarantee. No word on the amount of the guarantee, but it is not nothing.
I know it was originally reported as 2 yrs/$6 mill total, but Hoopsworld has Hansbrough listed at $2,500,000 this year and 2,612,000 next season. None of the other sites even have him listed yet, so I have a feeling maybe Hoopsworld has a good source of info. But they also have a note saying that it is the estimated contract, which makes me wonder if that second figure will turn out to be the guaranteed portion.
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Old 07-12-2013, 09:33 AM   #289 (permalink)
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I know it was originally reported as 2 yrs/$6 mill total, but Hoopsworld has Hansbrough listed at $2,500,000 this year and 2,612,000 next season. None of the other sites even have him listed yet, so I have a feeling maybe Hoopsworld has a good source of info. But they also have a note saying that it is the estimated contract, which makes me wonder if that second figure will turn out to be the guaranteed portion.
Max raise is 4.5%, so that 2nd figure would have to be the full amount, not the guaranteed amount if the first figure is correct. Hoopsworld has done me wrong before, so I'll wait on Sham or bball-ref to update. 5.1 M is quite a ways off of 6 M.
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Old 07-16-2013, 09:16 AM   #290 (permalink)
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I know it was originally reported as 2 yrs/$6 mill total, but Hoopsworld has Hansbrough listed at $2,500,000 this year and 2,612,000 next season. None of the other sites even have him listed yet, so I have a feeling maybe Hoopsworld has a good source of info. But they also have a note saying that it is the estimated contract, which makes me wonder if that second figure will turn out to be the guaranteed portion.
Now Doug Smith is reporting 2.5M per year (no 2nd year raise), with a 1M guarantee in the 2nd year. I think I'll update now that there are two sources, since Kleiza amnesty seems set in stone and Stone not so much (for now). Can always change later...
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Old 07-16-2013, 09:19 AM   #291 (permalink)
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Now Doug Smith is reporting 2.booth rightr year (no 2nd year raise), with a 1M guarantee in the 2nd year. I think I'll update now that there are two sources, since Kleiza amnesty seems set in stone and Stone not so much (for now). Can always change later...
Everyone is reporting 3mil/yr. Doug Smith could be right, I guess stranger things have happened.
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Old 07-16-2013, 09:23 AM   #292 (permalink)
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Now Doug Smith is reporting 2.5M per year (no 2nd year raise), with a 1M guarantee in the 2nd year. I think I'll update now that there are two sources, since Kleiza amnesty seems set in stone and Stone not so much (for now). Can always change later...
That's an efficient signing right there
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Old 07-16-2013, 09:24 AM   #293 (permalink)
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Everyone is reporting 3mil/yr. Doug Smith could be right, I guess stranger things have happened.
Like Jeffb taking a day off from postin'
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Old 07-16-2013, 09:39 AM   #294 (permalink)
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Default Hansbrough update, Kleiza amnesty assumed, Stone failed physical, Dwight Buycks

2013-14:

Rudy Gay $17,888,931 (2 years, PO in 2nd)
DeMar DeRozan $9,500,000 (4 years)
Amir Johnson $6,500,000 (2 years, 2nd $5M guar)
Landry Fields $6,250,000 (2 years)
Kyle Lowry $6,210,000 (1 year, $1M guar)
Marcus Camby $4,383,773 (2 years, 2nd $1.025M guar)
Steve Novak $3,750,000 (3 years)
Jonas Valanciunas $3,526,440 (3 years, TO in 2nd and 3rd)
Tyler Hansbrough $2,500,000 (2 years, 2nd $1M guar)
Aaron Gray $2,690,875 (1 year)
Terrence Ross $2,678,640 (3 years, TO in 2nd and 3rd)
Quentin Richardson $1,399,507 (3 years, 2nd and 3rd unguar)
Quincy Acy $788,872 (2 years, 2nd unguar)
Dwight Buycks $490,180 (2 years, 2nd unguar)

Team Totals $68,557,218 (3.2 M below tax)

Cap: 58.679
Tax: 71.748
Apron: 75.748

Julyan Stone $884,293 (2 years, 2nd unguar) will likely still happen in a month or so if he can get his rehab in order.

Linas Kleiza $4,600,000 (1 year) amnestied (not official yet, but should be soon).

That means 2.65 M of the MLE is left over, as well as the 2.016 M of the bi-annual exception, with one spot free right now. Unless they want to go over the apron at some point, in which case Hansbrough's deal comes out of the tax-payer's MLE of 3.183 M (leaving 0.683 M - enough to sign a rookie to a slightly over minimum deal, but nothing else).
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Old 07-16-2013, 09:50 AM   #295 (permalink)
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Yeah, good point about the Apron. Way to cover all the bases. If they are going to sign another guy in the 2ish million range, they should use that bi-annual, just to make sure a hard cap situation doesn't fuck up a potential trade down the line.
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Old 07-16-2013, 09:58 AM   #296 (permalink)
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Yeah, good point about the Apron. Way to cover all the bases. If they are going to sign another guy in the 2ish million range, they should use that bi-annual, just to make sure a hard cap situation doesn't fuck up a potential trade down the line.
Bi-annual causes the hard cap just the same as the full MLE. If they want to sign anyone else to more than the minimum (or so), they will be hard capped.
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Old 07-16-2013, 10:10 AM   #297 (permalink)
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Bargs $11,287,500 for Marcus Camby $4,383,773 and Steve Novak $3,750,000 and Quentin Richardson $1,399,507

Total outgoing for NYK: $9,533,280 -> $12,016,600 max absorbed with 125% rule.

Tada - it works. The Raps also receive a first round pick in 2016 (from NYK, DEN has rights to swap), and second round picks in 2014 (from OKC) and 2017 (from NYK).
Passed over this earlier, but we technically gained a trade exception in this deal, since we only moved one player out. We moved out Bargs at 10.75 M, and received 9.53M in return, meaning we have a TPE of 1.22 M, allowing us to absorb up to 1.32 M in a trade. This is probably meaningless, but could theoretically come in handy down the line.
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Old 07-16-2013, 10:50 AM   #298 (permalink)
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Passed over this earlier, but we technically gained a trade exception in this deal, since we only moved one player out. We moved out Bargs at 10.75 M, and received 9.53M in return, meaning we have a TPE of 1.22 M, allowing us to absorb up to 1.32 M in a trade. This is probably meaningless, but could theoretically come in handy down the line.
Is Barg 11.787M or 10.75M which of this 2 applies to TPE?
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Old 07-16-2013, 10:51 AM   #299 (permalink)
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What is Apron?

thanks
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Old 07-16-2013, 11:03 AM   #300 (permalink)
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Is Barg 11.787M or 10.75M which of this 2 applies to TPE?
Bargnani had a trade kicker, meaning that when he was traded, his salary went up (5%) to 11.2875 M. That is the amount used from NYK's point of view to calculate whether they can absorb the salary. But the amount used from TO's point of view is the original 10.75 M going out, so the TPE is based off of the 10.75 M.
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