What is our total salary cap hit for next year? At what dollar amount do teams start paying luxury tax? Is this the reason we have not been a player in the free agent market? If this is the case then our TE is worthless.
Someone will find it for you, but I can take an educated guess till then: Yao MoT Howard Spoon JJ Boki AG T-Mac Pike Lue Gaines will total around....... 47-50M? DOes that mean that if we shed MoT's salary, we'd be UNDER the cap? Damn I thought we were much worse off than that.
Oh yeah, the TE counts against the cap till we renounce it, so I'm guessing we're in the 52-55M range.
2004/2005 1. T-Mac 14.5M - player option '05 2. Mo Taylor 8.45M - '07 3. Weatherspoon 5.9M - '06 4. Howard 5.4M - player option '08 5. Yao 4.43M - team option '06 6. Pike 2.7M - '06 7. JJ 2.48M - '06 8. Lue 1.65M - player option '04 9. Boki 1.5M - team option '06 10. Gaines 1.2M - team option '07 11. Griffin 0.8M - '05 Mark Jackson, Scott Padgett and Mike Wilks are FAs. <b>Rockets Sub Total 49.01M</b> <b>$43.87 M is the new salary cap for 2004/5.</b> Last season's was 43.84 M. For the 2003-04 season, an escrow tax (luxury tax) will be collected from teams equal to the amount by which their payrolls exceeded <b>$54.6 million.</b> This number is 55% of all Basketball Related Income (BRI), less benefits, divided by the amount of NBA teams. 10% of the player's salaries are held back to bring back the number to 55%. If that is not sufficient, then the luxury tax kicks in. The tax money is re-distributed to NBA teams. The MLE is 4.93 M fir 2004-2005. Our TE is 6.99M All teams have a one million exception, which is 1.6M this year (can't be used 2 years in a row, and can only go a max of 2 years). A team can sign as many minimum salary exceptions (also called veteran's minimum) as they have roster spots available. The veteran's minimum can range from $385k to 1.1M depending on NBA experience, and the max is 2 years. Most expect the luxury tax NOT to kick in next year, or for the tax to be negotiated out of the next Collective Bargaining Agreement with the players. (I am not an expert at this, as Gater, NIKEstrad, and AElliot. I only collected this from past posts, and pieced the info together, having kept it as a record for my own gm imagineering.) If you want to dig deep into understanding all this, go to <a href="http://members.cox.net/lmcoon/salarycap.htm">Coon's Salary Cap FAQ</a>
Rockets are indeed sitting at $49 million committed for next year, putting them 15th out of 30 teams. Luxury tax threshold has been about 53-55 million the past two seasons. While Les is adament about not hitting it, he also is likely trying to keep the Rockets in the black. Team revenue (tickets, league revenue split, merchandise, etc) hovers around the 70-100 million mark once TV contracts are considered, IIRC. Roster payroll, is only part of overall team expenses, but obviously the biggest one. A great read for capologists by Dan Rosenbaum is here Pity teams like the Nets, Kings, and others that took lux tax hits to contend. Worse, pity the Knicks. Then start loving the Pistons and Spurs for getting trophys under sensable payrolls. Evan
So I was pretty close. However, doesn't the TE count against our cap until it expires or we renounce it? Why would a team sit at 44M rather than 54M? If you're over the cap, it doesn't matter by how much as long as you don't pass the luxury tax, right? In that case, why are we so stingy? Isn't a team battling for top 4 in the West worth 54M? Sacramento is ok with 60-62M, I think we should be worth a bit mroe especially since we're one of the most marketeable teams in the league now.
I think the Knicks have the worst team in history. A team with capspace could've done what they did last year, yet they had more than DOUBLE the capnumber I believe. Disturbing really how bad management has to be for a team not to be able to win with that amount of money.
The reason for being stingy is if you plan to sign or extend other contracts the following years during the length of existing contracts.
The only contract that we need to worry about in the future is Yao's and based on Sherlock's #'s we have contract's such as Spoon's expiring. I'm not talking Max salaries but it will take more than 2 million a year to obtain quality NBA starters!
Now you can see how cheap, young talent can help a contending team. If a team is good at drafting players, they can really contend and manage under the salary cap. Spurs/Pistons are two best teams knowing how to contend and manage caps. Sure, Spurs has Duncan, but besides Duncan, Parker, Ginobilli are two very low draft picks, yet they contribute significantly. Rox needs to learn how to draft late first rounders. They can't just give them away. In the end, this will come back and bite the team as Yao/T-mac will take most of the cap money 4, 5 years later.
Yes, and a good GM who knows how to draft at the late first-round, second-round and how to sign quality players.
Think if we don't draft EG but draft three other quality players, we will contend for the ring this year! Now the Rox is very thin at every position except the PF position.
After weatherspoon is done we will be in great shape, with Mo coming off the year after. It looks good compared to the rest of the league.
How? you have to add Yao's contract in. He should get at least 7 mil more on top of 4mil he is making now. and T-mac with his 12.5% annual raise.
No , there is a difference, and you have to take into account the cliff threshold as well. There is the matter of what/ if you pay tax and whether you get paid and the percentage ... http://members.cox.net/lmcoon/salarycap.htm#16
Spending money on your productive players is good business. Spending money on your 11th man is bad business. That is why we look good. Every good team is going to be over the cap, how you get over the cap is what is important - case in point - New York.
well, we're not at 44, we're at 49, and presumably we're still trying to get another PG and a backup big man. if we use the whole MLE for those two, that would put us right at $54M. if our team was complete we might be stingy but it would be pretty foolish have already spent all the way up to the LT before we even complete the team.
i will say, as much as we have complained about the mo, cato, and moochie contracts (and even rice's), we've been lucky to never have any of the trule terrible contracts in the league. i mean, at least our bad ones haven't been maximum contracts (or even worse, grandfathered contracts that are bigger than the max) and been given to the likes of vin baker or allan houston or keith van horn or grant hill or mutombo. at least we only spend 7 or 8 million on guys and at least they actually provide us with something. mo taylor's contract is bad, but at least we get a very gifted scoring PF out of it and cato's contract was bad, but at least we got a very good interior defender who could rebound and block shots out of it. moochie just plain sucked but at least we only paid him about 4 million a year. and now we only have one of those contracts left*, so we're not in that bad of shape in the overall scope of things. *technically, we have spoon but he's part of a bunch of expiring contracts in two years so his contract at least serves a purpose.
