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-   -   Raptors Cap/Tax Status (http://www.raptorsforum.com/f/f5/raptors-cap-tax-status-20421.html)

DanH 06-06-2011 11:39 AM

Raptors Cap/Tax Status
 
Quote:

See:

http://www.raptorsforum.com/f/f5/rap...tml#post905984

For most recent salary figures.
----------------------

2011-2012 Salaries

Jose Calderon $9,780,991
Andrea Bargnani $9,250,000
Amir Johnson $5,500,000
Linas Kleiza $4,605,000
Jerryd Bayless $3,042,280
DeMar Derozan $2,625,000
Aaron Gray $2,500,000
Ed Davis $2,063,040
James Johnson $1,833,120
Gary Forbes $1,500,000
Anthony Carter $854,389 ($1,352,181 paid, but only 2-year vet min counts against cap)
Jamaal Magloire $854,389 ($1,352,181 paid, but only 2-year vet min counts against cap)
Rasual Butler $854,389 ($1,229,255 paid, but only 2-year vet min counts against cap)
Solomon Alabi $830,000
Jonas Valanciunas: $0 (cap hold - 2,812,200 at end of season)

Total: $46,092,598

Minimum Team Salary: $49.337 million
Salary Cap: $58.044 million
Tax Threshold: $70.307 million

Cap Holds: (can be waived)

MLE: $2,500,000 - used 2.5M to sign Gray
BAE: $0 (1.5M of the 1.9 used to sign Forbes, rendering the rest void, as it is below the minimum salary).
Barbosa TPE: $7,600,000
Julian Wright: $7,145,143 (point of reference - JW's QO amount is $3,952,653)
Rasho Nesterovic: $2,388,000
Alexis Ajinca: $2,263,409
Sonny Weems: $1,059,389 (QO - $884,293 if QO revoked)
Joey Dorsey: $884,389 (QO - $884,293 if no QO offered)
Pape Sow: $884,389
Patrick O'Bryant: $884,389
Uros Slokar: $762,195

Cap hold total: $26,371,303
Total potential cap hit if none are renounced: $72,463,901

This is the number that the team needs to have above the cap to use the MLE. If one of those free agents signs elsewhere, their cap hit would disappear.

All of these cap holds can be waived at any time - this frees up cap space but loses the team's rights to sign these players to certain types of contracts, as well as losing their ability to go over the cap to sign them.

Notes:

- I've updated the numbers with some slight changes from the new CBA, and added the Barbosa trade.

- Bosh TPE: the original 14.5M TPE had become 12.207M after the Jack trade. It was further reduced to 10.739M in the Ajinca trade. It was down to 9.026M after the James Johnson trade (allowing a total returning salary of 9.126M, with the 100,000 trade buffer). It has now expired.

- Barbosa TPE: since the Raps are technically over the cap, the trade to Indiana generates a TPE of $7.6M.

- Jonas' buyout: With Val playing overseas, his cap hold comes off the books when a) he signs his contract overseas (he has clearly already done this) or b) on the first day of the season (Dec 25th), whichever comes later. Now that the season has started, that 2.9M cap hold will disappear until next July 1st, or when his buyout comes into effect (the end of the Lithuanian league's season, which appears to be in late May) whichever is sooner. So probably late May.

'trane 06-06-2011 11:57 AM

fantastic DanH. thanks.

LX 06-06-2011 11:59 AM

great stuff Dan:yeah:

jeffb 06-06-2011 12:22 PM

Great Dan, thanks bro.

Bill Haverchuck 06-26-2011 03:11 PM

Since Jonas is not coming over until 2012, that means his cap hold is waived for the 2011/2012 season, right? It frees up the $2.9 million?

jeffb 06-26-2011 03:39 PM

Quote:

Originally Posted by Bill Haverchuck (Post 554109)
Since Jonas is not coming over until 2012, that means his cap hold is waived for the 2011/2012 season, right? It frees up the $2.9 million?

With barbosa we now have 45mil commited to 10 players I believe. And, yeah it doesn't include Jonas.

Bill Haverchuck 06-26-2011 03:58 PM

Quote:

Originally Posted by jeffb (Post 554115)
With barbosa we now have 45mil commited to 10 players I believe. And, yeah it doesn't include Jonas.

Yeah, that's what I'm thinking. $45 mill + a few cheap cap holds for "end of the bench" type players. If the cap ended up at $62 million, as has been speculated in a couple of reports, then the Raps would still have a decent amount of cash to use. Not holding my breath, though.

Nobody 06-26-2011 04:47 PM

About Jonas. Guys, it was written in one forum, that teams can actually pay the entire amount of a buyout (not just 500k), where the league compensates those 500K and the rest is charged to that teams salary cap. However another person replied, that it's true only if we are talking of an undrafted guy or a player selected in the 2nd round.

You could probably have read it.

Maybe anyone can make clear about that? Or have a link where i could read about it.

DanH 06-27-2011 10:33 AM

Quote:

Originally Posted by Nobody (Post 554123)
About Jonas. Guys, it was written in one forum, that teams can actually pay the entire amount of a buyout (not just 500k), where the league compensates those 500K and the rest is charged to that teams salary cap. However another person replied, that it's true only if we are talking of an undrafted guy or a player selected in the 2nd round.

You could probably have read it.

Maybe anyone can make clear about that? Or have a link where i could read about it.

I've never seen anything along these lines. However, I can tell you that under the current CBA, a team can only pay the 500k, regardless of where, when, or who the buyout is for - certainly in the case of a first round pick. I will look into the undrafted status, but I doubt it is different. Either way, for Jonas, 500k is the limit.

ETA - could you provide a link to the forum you saw this in? Would like to look into it.

DanH 06-27-2011 10:46 AM

Quote:

Originally Posted by Bill Haverchuck (Post 554109)
Since Jonas is not coming over until 2012, that means his cap hold is waived for the 2011/2012 season, right? It frees up the $2.9 million?

With Val playing overseas, his cap hold comes off the books when a) he signs his contract overseas (he has clearly already done this) or b) on the first day of the season (this coming Halloween, roughly), whichever come later. In this case, it is the start of next season. So, for this summer, his cap hold still applies, and takes up space that could be used for free agents. However, during the season, that 2.9M cap hold will disappear until next July 1st, or when his buyout comes into effect (the end of the Lithuanian league's season, I don't know when this is) whichever is sooner. So, if the Lithuanian league runs longer than the NBA season, his cap hold will disappear from the start of this season until next summer's FA negotiations.

DanH 06-27-2011 11:11 AM

I updated my list to include Barbosa's option and Val's buyout situation. Note that until Val's cap hold comes off, there will be one less 'roster slot' cap hold on the cap. However, the team will still need to sign a 13th player before the season starts (this can theoretically be done on the day of the first game, if needed).

Also, any 'training camp fodder' players do not count against the cap, so, for example, an undrafted rookie could be brought in for training camp, then signed to fill that 13th spot on the first day of the season, when Val's cap hold disappears and is replaced with a roster slot cap hold. Or, more simply, they could simply not use their entire cap space this summer. Of course, if the Raptors utilize sign and trades this summer rather than signing free agents outright, then their other cap holds won't be renounced, and the roster slot cap holds will be meaningless.

Bill Haverchuck 06-27-2011 02:26 PM

Thanks for the info, Dan. You provided a very informative response. I didn't realize Val's cap hold remains until the first day of the season.

Nobody 06-27-2011 04:18 PM

Quote:

Originally Posted by DanH (Post 554274)
I've never seen anything along these lines. However, I can tell you that under the current CBA, a team can only pay the 500k, regardless of where, when, or who the buyout is for - certainly in the case of a first round pick. I will look into the undrafted status, but I doubt it is different. Either way, for Jonas, 500k is the limit.

ETA - could you provide a link to the forum you saw this in? Would like to look into it.

Sure thing: http://forums.realgm.com/boards/view...245&p=28466479 If you could read that 90th page.

BTW, Lithuanian league usually ends on May 15-22, depending on how many matches needed in the Finals.

DanH 06-28-2011 08:11 AM

Quote:

Originally Posted by Nobody (Post 554422)
Sure thing: RealGM • View topic - The Jonas Valanciunas Thread If you could read that 90th page.

BTW, Lithuanian league usually ends on May 15-22, depending on how many matches needed in the Finals.

OK - so I've looked into it and it seems that a club can always contribute $500,000 to a buyout, and that amount does not impact the team's cap.

However, with a first round pick, you can only offer a very limited contract - the standard rookie scale contract for their draft position, give or take 20% (it is standard procedure to sign all rookies to 120% of the scale value - Michael Heisley, of the Grizzlies, caused quite a stir last year when he offered only the scale salary to his two rookies, which led to their agents holding them out of training camp, until the Grizzlies caved and offered the full 120%).

Anyway, this means that obviously the team cannot give a first round pick any money beyond their standard pay.

With 2nd round picks and undrafted players (or any free agent, such as Anthony Parker or Jorge Garbajosa before they came to the Raptors) the team can offer any contract size to that player, up to the maximum amount for their NBA experience. As such, although the team can only really pay $500,000 directly towards the buyout, they can reimburse the player throughout the first year of their contract with a much higher salary than they would usually get. Note that any part of the player's salary intended to go towards their buyout is still their salary - so it counts against the cap.

---

That Lithuanian league end date is interesting - so Valanciunas' cap hold will be back on the cap close to the start of the playoffs, so if Colangelo wants to use that part of the cap to absorb a player through a trade it will have to be in the first week of playoffs or so (depending on any lockout-caused schedule changes), or before the trade deadline, and he won't be able to use that cap space at the draft either.

DanH 11-17-2011 11:03 AM

2012-2013 Raptors Cap Status
 
With the recent interview with Colangelo saying the Raps might have up to $24 million in cap space next summer, I thought it would be a good idea to put together a summary of what our current contracts will look like at that time. I'll ignore all the extraneous cap holds that could be waived, since those will be waived if the team is using the cap space. All this assumes the rules based in and around the latest offer from the owners (that was rejected, but will likely be a starting point for any settlement to follow). And of course that we don't sign anyone to any multi-year deals in any theoretical 2011-12 season that might actually happen.

Jose Calderon $10,561,982
Andrea Bargnani $10,000,000
Amir Johnson $6,000,000
Linas Kleiza $4,600,000
DeMar DeRozan $3,344,250 (TO)
Jonas Valanciunas: $2,543,947
Ed Davis $2,207,040 (TO)
James Johnson $2,812,006 (TO)
Solomon Alabi $890,000 (TO)
2012 First Round Pick: $2,632,985 (cap hold)
Roster slot cap hold (slot 12): $490,180
Roster slot cap hold (slot 13): $490,180

Jerryd Bayless $4,164,882 (QO)

Total with no Bayless: $46,572,570
Total with Bayless QO: $50,737,452
Total with no team options or cap holds: $33,705,929

Salary Cap: $58 million
Tax Threshold: $70 million

- Jonas Valanciunas: scaled back rookie salary based on 50% BRI
- First rounder - assumed fifth pick like Jonas. Could be as high as 1st overall pick - $4,013,712. Estimated value of first round pick based on 2011 1st rounder reduced to 50/57 with 3.5% increase each year.

Then there's the amnesty clause - so assuming we exercise all our team rights and extend a QO to Bayless, we would have 7.3 million in cap space plus maybe 10 million for amnestying Jose or Bargnani. If we amnesty one of them and also do not bring Bayless back, then that goes up to about 21.5 million in cap space. If at that point the team cuts ties with, say, Alabi and James Johnson, then that would be $25.2 million in cap space. So there you go. Alternatively, we could amnesty Kleiza instead of one of the other two and end up with about $19.5M in cap space in that last scenario.

DanH 12-08-2011 12:23 PM

Updated with Magloire.

'trane 12-08-2011 12:27 PM

thanks dan. do you know the minimum team salary threshold this year? i am sure you posted it elsewhere, i just can't seem to find it.

DanH 12-08-2011 12:49 PM

Minimum salary threshold is 85% of the cap - so 49.337 million.

DanH 12-08-2011 03:09 PM

Update on that minimum salary question - it seems in the first year, the sides agreed to drop it to 80%, rather than 85%. So that means the Raps are well clear of the minimum at this point.

Bankiz 12-19-2011 08:10 AM

thanks for all of that danh !

can you tell us about forbes, carter, buttler and Gray ?
i don't find anything about thei contract yet !


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