Celtics salary cap and free agency FAQ

tj

Signing with another team will get you removed as a cap hold. He signed A 2 year contract with CSKA MOSCOW ON 6-22-2011.
swish

swish wrote:tj

Signing with another team will get you removed as a cap hold. He signed A 2 year contract with CSKA MOSCOW ON 6-22-2011.
swish

That's not true. That is only true if a player signs an NBA contract.
In the article that gyso is referencing it said the following:

How much are cap holds worth?

A lot. The Celtics have over $87 million in cap holds, including holds on players like Nenad Krstic, Michael Finley and Stephon Marbury.

tj,

Read number 14 in the cbafaq and look at the 7th bullet. Then pause at the end of the first set of bullets and read the paragraph between the first set of bullets and the second set of bullets.

14. Exactly what is included when computing total team salaries?

When determining team salaries (for example, to determine whether a team is over the salary cap), the following are included:

•Salaries of all active and inactive players, including likely bonuses.
•The full season salary of any players the team acquires in midseason trades.
•Salaries paid or payable to waived players, minus any set-off amounts, and subject to the Stretch provision (see question number 64).
•Any salary still being paid to retired players (see question number 61).
•Amounts paid or expected to be paid in conjunction with certain grievances.
•Salaries in contracts that have been agreed to but not yet executed (i.e., verbal agreements or agreements pending physicals). Note: During the July Moratorium (see question number 101), teams may not enter into verbal or written agreements. Therefore any agreements that are struck during the moratorium are still characterized as negotiations, and do not count as team salary.


•A percentage of the previous salary of unrenounced free agents (see question number 37).

(my words: In other words, Cap holds)


•Salaries offered in offer sheets to restricted free agents (see question number 43).
•The "scale" amount for the team's unsigned first round draft pick(s) (see question number 50). This amount begins to apply to team salary immediately upon selection in the draft. This amount can be excluded from the team salary for the current season if, before the season starts, the team and player agree in writing that the team will not sign the player during that season.
•A roster charge if the team has fewer than 12 players (players under contract, free agents included in team salary, players given offer sheets, and first round draft picks). The roster charge is equal to the rookie minimum salary for each player fewer than 12. For example, if there are 11 players included in team salary, then an amount equal to the rookie minimum salary is added to the team salary1; if the roster is completely empty, then 12 times the rookie minimum salary is added to the team salary. This roster charge only applies during the offseason.
•The combined amount of any Mid-Level, Bi-Annual, Disabled Player (see question number 25) or trade exceptions (see question number 82) available to the team (see question number 26), if the team is under the salary cap. (Teams may renounce these exceptions, in which case they no longer are included in team salary.)
•Salaries for completed contracts (such as 10-Day contracts) are included in team salaries for the remainder of that salary cap year (through June 30).[/quote]

(my words: this is the end of the first set of bullets)

They use a slightly different calculation for determining the team salary in relation to the Bi-Annual, Non-Taxpayer Mid-Level, and Taxpayer Mid-Level exceptions (see question number 25), and for Sign-and-Trade transactions (see question number 88). For these purposes (i.e., for determining whether the team salary is above or below the apron2) they use the team salary as defined above, with the following modifications:

(my words: the rest of this FAQ is how they adjust or modify total team salary to see if the team is over or under the apron2. If the team is over the cap, but under the apron2 (luxury tax or there abouts?) they can use the BAE, the NTMLE and can do sign and trades. If the team salary is over the apron2, the team can only use the TMLE, which os smaller than the NTMLE)

•All unlikely bonuses are included for contracts and extensions signed under the current CBA.
•Amounts that could be included in team salary as the result of certain grievances are included.
•For rookies and players with one year of experience whose salary is less than the two-year minimum salary, the two-year minimum salary is used in place of their actual salary.
•For the team's restricted free agents, the amount of any outstanding qualifying offer or first refusal exercise notice (both including unlikely bonuses), whichever is greater, are included.
•The amount of any required tenders for the team's draft picks is included.
•Cap holds for free agents are excluded.
•Cap holds for first round draft picks are excluded.
•Cap holds for the team's outstanding exceptions are excluded.

(my words: there it is, I hope you find understanding)

gyso

tjmakz wrote:gyso,

So, how many teams will be under the salary cap as of 7/1/12?
Based on the way you are reading into this, there would be no teams under the cap. All 30 teams have cap holds over the salary cap this summer.

Boston will have cap space when they renounce players but that doesn't mean that cap holds are part of the salary cap calculation.

Did you read #14 of the cbafaq?
Maybe we are splitting hairs about wording.

There will be MANY teams under the cap this year which means they can sign free agents without exceptions. There will be quite a few teams that have between $10m to $30m in cap space.

tj,

Yes I read FAQ #14 and took the time to understand it. I hope that after you read my explanation, you will understand it as well.

gyso

swish wrote:tj

Signing with another team will get you removed as a cap hold. He signed A 2 year contract with CSKA MOSCOW ON 6-22-2011.
swish

Swish,

Unfortunately, signing with a non-NBA team does not remove cap holds. Nenad is a perfect case in point.

gyso

tjmakz wrote:

swish wrote:tj,
gyso is 100% right. Keep reading about the reasons for cap holds and I'm sure it will all make sense.
swish

I do understand the reason behind the cap holds.
They are no part of salary cap or luxury tax calculations.

As an example, Boston had a cap hold of $8,314,674 for Nenad Krstic for the 2011-12 season.
Was he part of Boston's salary cap calculation this year? No.

tj,

Was he part of Boston's salary cap calculation this past year and this next one and so on . . . . . YES!!

Until he is renounced or he signs with another NBA team.

gyso

PS: No matter how long he plays for that dang Russian team, that time means nothing to us, cap-wise. He is still our free agent (unrestricted) and his next NBA salary (with us) can be based on his last year of service in the NBA. That is why, even if we are over the salary cap, we can get him back without using an exception. That is so very important, regardless how little some people consider his talents to be.

gyso,

I do think we are splitting hairs about wording.

How do you explain Krstic having a Cap Hold for the 2011-12 season?
Was his Cap Hold part of Boston's Salary Cap or Luxury Tax calculations?
No it wasn't. Boston's final salary cap number for the 2011-12 season was calculated on the last day of the regular season.

In the end, Boston will have approximately $28m to spend as they will be under the cap.
They can use that money to re-sign their free agents or to sign other teams free agents.
Many teams will be under the Cap as of 7/1/12.
The Lakers cannot get under the Cap unless they traded two of their big 3 and didn't take back salaries.

gyso wrote:

tjmakz wrote:

swish wrote:tj,
gyso is 100% right. Keep reading about the reasons for cap holds and I'm sure it will all make sense.
swish

I do understand the reason behind the cap holds.
They are no part of salary cap or luxury tax calculations.

As an example, Boston had a cap hold of $8,314,674 for Nenad Krstic for the 2011-12 season.
Was he part of Boston's salary cap calculation this year? No.

tj,

Was he part of Boston's salary cap calculation this past year and this next one and so on . . . . . YES!!

Until he is renounced or he signs with another NBA team.

gyso

gyso,

Sorry, this is just not true.
The Salary Cap was $58.044m this season.
The Luxury Tax amount was $71m.
Are you saying that Boston is paying a $1.00 for $1.00 penalty for amounts over the luxury tax including Cap Holds? For the 2010-11 season Boston paid a penalty of $13m because their total salaries were $83m.

tjmakz wrote:gyso,

I do think we are splitting hairs about wording.

How do you explain Krstic having a Cap Hold for the 2011-12 season?
Was his Cap Hold part of Boston's Salary Cap or Luxury Tax calculations?
No it wasn't. Boston's final salary cap number for the 2011-12 season was calculated on the last day of the regular season.

In the end, Boston will have approximately $28m to spend as they will be under the cap.
They can use that money to re-sign their free agents or to sign other teams free agents.
Many teams will be under the Cap as of 7/1/12.
The Lakers cannot get under the Cap unless they traded two of their big 3 and didn't take back salaries.

tj,

We are not splitting hairs, you just don't understand. I grok it, you don't. *shrugs

gyso

gyso,

It just doesn't make sense the way you are reading into this.
Don't you think that Boston will have approx $28m to spend this summer?
What will Boston's final salary cap number be for the 2011-12 season?
What was it for the 2010-11 season?
I know the answers but I want you to tell me.

I am glad I have been able to tighten up your NBA CBA understanding/reasoning tonight.



Good Night.

tjmakz wrote:

gyso wrote:

tjmakz wrote:

swish wrote:tj,
gyso is 100% right. Keep reading about the reasons for cap holds and I'm sure it will all make sense.
swish

I do understand the reason behind the cap holds.
They are no part of salary cap or luxury tax calculations.

As an example, Boston had a cap hold of $8,314,674 for Nenad Krstic for the 2011-12 season.
Was he part of Boston's salary cap calculation this year? No.

tj,

Was he part of Boston's salary cap calculation this past year and this next one and so on . . . . . YES!!

Until he is renounced or he signs with another NBA team.

gyso

gyso,

Sorry, this is just not true.
The Salary Cap was $58.044m this season.
The Luxury Tax amount was $71m.
Are you saying that Boston is paying a $1.00 for $1.00 penalty for amounts over the luxury tax including Cap Holds? For the 2010-11 season Boston paid a penalty of $13m because their total salaries were $83m.

tj,

Yes, it is.

Yes, that's true.

Yes, that is true.

No, I'm not saying that. I really don't think you should put words in my mouth.

gyso

PS: having fun yet? I'm going to bed. 'night

gosh dern it, why dont we just fricken sign Ray Allen, kevin Garnet, Piektruss, Bass, Green, wilcox, steimsma, Dooling all to new 2 yr contracts, trade this yrs two firsts and the 5 second round picks we got over the next 3 yrs and next yrs first to utah for Al Jefferson, skip all this how much in cap nonsense questioniong, forget about the draft and just win a damn title in 13 huh???

we can freakin rebuild over the summer of 14 after a couple damn back to backs..