The Media is Inaccurate: We are Still above the cap

Not only are we above the cap, but we lose all our exceptions the moment that we get below it, and thus their cap hit is extinguished.

$24m in signed contracts + Griffin (according to Jonathan Feigen)
$12m in exceptions
$2.86 equals Shandons cap hit at 130% of salary
$680k equals Moochies cap hit at 130% of salary
$3m equals Bullard at 200% of salary
$4.4m equals Rogers at 200% of salary
$2.7m equals Mo at 120% of salary
$465K equals Colson

---------------
$47.245m in Team Salary

We are not under the cap right now. The media is incorrect saying that we are below the cap right now!!!!

The media is failing to include the $12m in exceptions to our salary, and they further confuse things by saying we are below the cap and still have our exceptions.

So, how do we get under the cap

We likely will renounce the exception or renounce players. For instance, the moment we renounce Rogers and sign Bullard to a veteran minimum, we will fall a few million under the cap. The moment that happens, we lose ALL our exceptions and their cap hit is extinguished.

Another simple way to look at it is that we will not have any exceptions if we sign Mo to more than the middle class. We lose them all.

props to aelliott for first reminding us all of this.

 

Rogers is a free agent by us not taking his option. But, he is still our unsigned free agent, so he counts against our cap, just like Mo and Shandon do as well (and they didn't exercise their player options).

Further, I got everything but the Feigan number from Realgm. But as I said, if we eliminate Rogers and a million more, then we drop below the cap, and lose all the exceptions!

Why is the media saying we have exceptions, yet not counting them against the cap?


[This message has been edited by crispee (edited August 01, 2001).]

 

It is not a $12m trade exception. $12M is the sum of all the exceptions that you mention.

 

You are counting the trade exceptions in your $32m number, whereas the CBA says they would be extinguished, because you are supposed to exclude their sum when determining whether you get them.

The CBA says that you add up all salaries and unsigned player cap hits. That is it. To determine if you get your exceptions, you measure the gap betweeen salary commitments and the cap. That is: you add salary commitments to the sum of unsigned free agent hist and that is it. You do not include exceptions, yet, because you are simply doing math to determine if you get them. If the resulting difference (the gap) is larger than the sum of the exceptions, you are not entitled to exceptions. If the gap is smaller than the sum of the exceptions, you get them, but then the count against the cap, and thus they take you over it.

For reference, see the CBA Article VII, Section 6 "Exceptions to the Salary Cap," Subsection (k) "Other Rules."

[This message has been edited by crispee (edited August 01, 2001).]

 

NIKEstrad and ROCKET!!

I used to agree, but I no longer do.

Here is subsection k

Note in that clause that exceptions are not included in their math to determine if you are "entitled to use" them.

[This message has been edited by crispee (edited August 01, 2001).]

 

ROCKET!!

Really man, re-read my post title. Did I say we were below the cap?

You don't get it. I'm sorry.

 

useful post Det

 

dogbelly needs a rub

 

ego on this subject....maybe.

searching for truth...definitely.

It takes calling out misinformation by the media to find out the truth. I might get slammed here, but I find it takes courage to speak up to find the truth. Some call it ego. ;P


Anyone want to take a stab at an interpretation of that CBA clause I posted. That is straight from the document. Come on guys. This is like one of the most important issues in our free agent summer.

Do we have exceptions and cap space? I don't think so. We will find out soon enough.