I just found this updated salary list for out team. It look like were are $85 already. Can someone give me a brief explanation of the soft and hard cap and how much we will over it. BTW Brewer got overpaid...Thanks http://www.spotrac.com/rankings/nba/cash/houston/
I may have what I was looking for here. Sportrac.com is nice webpage. http://www.spotrac.com/nba/houston-rockets/cap/
what, les and morey in the luxury tax? no way. those cheap ass mugs are gonna trade dwight for scraps, you just watch!
Kostas was overpaid, too. That salary helped us get Lawson, though. Brewer is moveable. As Morey pointed out last year, he was willing to overpay for Parsons, but the contract he signed would have been unmoveable, which is why he chose to pass on matching. Raw numbers do not show the entire picture.
David Weiner @BimaThug With 12 players signed, the Houston Rockets are now officially over the luxury tax threshold.
We will almost certainly be over the luxury taxline of ~$85M for this upcoming season. Assuming we finish out our roster with Harrell, Terry and Hayes (Williams going to China), we'd be flirting close to the apron figure. Note though that 1 yr vet min salaries actually only count against the cap the equivalent of a 2 yr vet min amount. League reimburses the rest. So any team, including HOU, will only be paying, say Thornton, $950k (nba pays rest), and it will only show up on our cap for that amount. Of course that is not too important of a point usually since you can sign as many 1 yr vet mins as you want and go over the cap (roster spots permitting), but it matters a bit for us because we are not 100% sure yet what Morey wants to do with the MLE, or rather, which MLE he will end up using. He signed KJ w/ the mini MLE (around $3.4M) instead of the $5.4M full MLE. We assume he will not use the full MLE because the full MLE HARD CAPS us at the apron (+$4M over the luxury tax line), which we'd get REALLY close to with our signings. It restricts our flexibility moving into the season as far as trades are concerned. But not using the full MLE means we can only sign Harrell to the rookie 2 yr deal, which he may reject for a 1 yr. Eh, we'll see! PS - Corey Brewer did NOT get overpaid. He got a very fair deal OR was underpaid. Have you seen the market this offseason for players? nba going crazy because people know, salary cap about to JUMP. Deals that seem excessive now are going to be chump change in a yr or two... ...another reason why KJ's deal of $10M/3 yrs is a steal for us (team option 3rd yr). Next yr? Meh. But by yr 3? Robbery. It'll be like vet min price by then haha (assuming KJ pans out).
Even if KJ doesn't pan out, that contract is moveable and so it can be used to acquire a player via sign and trade. Morey ball is win win for the Rockets in any case especially with the depth we have.
Several limitations when you're over the cap besides Les simply needing to pay money. One is that the Rockets need to match within 125% of salary in any trades instead of 150%. Another is that they're getting within about $3mil of the tax apron, which is a hard cap placed upon any team that receives a player through S&T (like Ariza last year) or use more than the taxpayer MLE (the Rocket used the tax payer MLE on McDaniels). Also, note that the luxury tax is calculated at the end of the year. If the Rockets for example trade Brewer mid-season for someone making $6mil for example, they'd be under the tax. Morey has done a lot of these small deadline deals to get the Rockets under the tax in the past. Nothing that really registers with fans, but something noteworthy that the Rockets being over the tax this early doesn't really mean much.
I assume this is why we haven't closed the deals on Terry, Hayes and Harrell -- we're looking for a deal to back us away from the tax.
Just curious but what are people finding out to be the best & most up to date salary tracker out there? I used to use Sham Sports the most, but looks like Mark Deeks decided he had better things to do then keep up with it. I hate going to hoopshype & Basketball reference, while great with stats, not so much with salary info.
Correct. According to a podcast I heard, they are trying to get Harrell to accept a contract closer to the minimum.
It's more like we just don't have much to offer them besides the vet min. I am not too sure what the players are waiting on -- we have nothing else at our disposal except for $2M of the MLE. But using that $2M MLE is (1) barely more than the vet min they'd receive anyways; and (2) really handicap us by hard capping us at the apron. I'd be surprised if Morey agreed to that just to snag a Hayes or Terry... As for Harrell, same thing, so the 2 yr rookie deal is all we can really offer him. I think he can opt for the 1 yr though if he wants to 'bet on himself' like KJ or Carl Landry did. Worked out for both of those guys!
