Re: 2015 Offseason Thread
It all can get kind of complicated, but the league doesn't have a hard cap per se. What they have is a tax apron which is always 4 million dollars above the luxury tax line. So you have the salary cap, then luxury tax (once your total player salaries exceed the luxury tax line, you have to pay a penalty as a result)then if your salaries cross the luxury apron you lose certain rights as a team such as the length of contracts you can give, the ability to do sign-and-trades and both the mid-level and bi-annual exceptions.
Bird rights allow you to go over the salary cap to re-sign players. In order to gain bird rights a player must be on the same team for three consecutive years. This can be accomplished with a three year contract, four year, five year or three one year deals. Bird rights are tradeable, so say for example if the Bulls were to trade Joakim Noah this offseason to the Nuggets. Denver would get Noah and his bird rights since he's been with the Bulls eight years now. On the flip side, say Jimmy Butler left the Bulls this offseason as a free agent to sign with the Lakers for example. Signing with a new team as a free agent Jimmy and the Lakers would lose those Bird rights unless they got Chicago to do a sign-and-trade.
Okay, with all that out of the way, your question. As of right now, taking all salaries on their roster into consideration including Love, LeBron, Mike Miller and JR's options the Cavs would have 9 players under contract next year totaling out to $101,743,467 next year's Luxury Tax line is projected to be 81.6 million
JR has already said he's opting out, we don't know if Mike Miller will opt out, but assuming he does pick up his option and LeBron picks up his, with Love walking, then the Cavs would total out at $60,788,376. Now the problem with both those total salaries above is they don't account for what Tristan Thompson's new deal would be, Dellavedova's new deal if they re-sign him or what James Jones would get if they re-sign him.
So recap. Next year's salary cap and luxury tax line is projected to be
67.1 million dollar cap
81.6 million dollar luxury tax
If James, Love, Miller and Smith pick up their options and counting Thompson and Dellavedova's qualifying offers the Cavs total salaries will be $101,743,467
If James and Miller pick up their options while Love and Smith walk and counting Thompson and Dellavedova's qualifying offers the Cavs total salaries will be $60,788,376
EDIT: Totally forgot Shumpert has to be resigned as well. If you include them resigning Shumpert that total minus JR and Love is different. They'd be at $68,077,053 in total salary counting Shumpert's qualifying offer.
It all can get kind of complicated, but the league doesn't have a hard cap per se. What they have is a tax apron which is always 4 million dollars above the luxury tax line. So you have the salary cap, then luxury tax (once your total player salaries exceed the luxury tax line, you have to pay a penalty as a result)then if your salaries cross the luxury apron you lose certain rights as a team such as the length of contracts you can give, the ability to do sign-and-trades and both the mid-level and bi-annual exceptions.
Bird rights allow you to go over the salary cap to re-sign players. In order to gain bird rights a player must be on the same team for three consecutive years. This can be accomplished with a three year contract, four year, five year or three one year deals. Bird rights are tradeable, so say for example if the Bulls were to trade Joakim Noah this offseason to the Nuggets. Denver would get Noah and his bird rights since he's been with the Bulls eight years now. On the flip side, say Jimmy Butler left the Bulls this offseason as a free agent to sign with the Lakers for example. Signing with a new team as a free agent Jimmy and the Lakers would lose those Bird rights unless they got Chicago to do a sign-and-trade.
Okay, with all that out of the way, your question. As of right now, taking all salaries on their roster into consideration including Love, LeBron, Mike Miller and JR's options the Cavs would have 9 players under contract next year totaling out to $101,743,467 next year's Luxury Tax line is projected to be 81.6 million
JR has already said he's opting out, we don't know if Mike Miller will opt out, but assuming he does pick up his option and LeBron picks up his, with Love walking, then the Cavs would total out at $60,788,376. Now the problem with both those total salaries above is they don't account for what Tristan Thompson's new deal would be, Dellavedova's new deal if they re-sign him or what James Jones would get if they re-sign him.
So recap. Next year's salary cap and luxury tax line is projected to be
67.1 million dollar cap
81.6 million dollar luxury tax
If James, Love, Miller and Smith pick up their options and counting Thompson and Dellavedova's qualifying offers the Cavs total salaries will be $101,743,467
If James and Miller pick up their options while Love and Smith walk and counting Thompson and Dellavedova's qualifying offers the Cavs total salaries will be $60,788,376
EDIT: Totally forgot Shumpert has to be resigned as well. If you include them resigning Shumpert that total minus JR and Love is different. They'd be at $68,077,053 in total salary counting Shumpert's qualifying offer.
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