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2012 Blazer Salary Cap Update (July 20 We Have 15 Players Edition)

The Blazers have filled the 15th spot on their roster with the acquisition of Sasha Pavlovic. They could still add other players to the roster this summer, but only 15 players can remain on the team's roster once the season begins.

Previously:

1. The Blazers have signed Victor Claver to play here next season. His reported salary is $4M total for 3 years. We don't have the year to year breakdown of his salary yet, so I will just assume an even spread of $1,333,333 per year for this analysis until we get another number.

2. In a real surprise, the Blazers re-signed J.J. Hickson after not making him a Qualifying Offer earlier. He signed a 1 year deal for a reported $4M. (This will allow us to keep his Bird Rights next summer.)

3. Joel Freeland was signed (July 13) for a reported $9M over 3-years. I will assume it is evenly distributed at $3M per year.

4. The law firm of Lillard and Leonard has been signed to a contract. I will assume they received 120% of the rookie salary scale, which is customary in the NBA these days. (Their cap holds before signing in earlier analysis were set at 100% per NBA rules, but they now count per their actual salaries).

5. Will Barton signed his contract (July 14), but terms are not known yet. 2nd round picks are typically signed for the league minimum, so that is assumed in the salary table.

6. Shawne Williams was finally waived. We do not know if the Blazers and Williams settled on a buy-out number less than the $3.135M he was owed for next year. So I will use that maximum $3.135M in this analysis until we hear differently.

The Blazers have the option of spreading the salary cap hit from waiving Williams over 1 year or 3 years. If they want to maximize their remaining salary cap room this year, then they will spread the cap hit. If they want the maximum cap room next year and the following year, then they will take the entire hit this year. I will show both numbers in the table.

7. The Blazers traded Kurt Thomas and signed and traded Felton for Jared Jeffries, Dan Gadzuric, and the draft rights to Georgios Printezis and Lostas Papanikolaou. The latter two players are 2nd round draft picks and therefore do not count against team salary. Gadzuric is also being waived and does not count against team salary because his contract was non-guaranteed. Therefore, Jeffries salary replaces Thomas salary against our salary cap room. I am using $1.35M as Jeffries salary. The Blazers apparently also received a $3.5M trade exception in the trade of Felton.

8. The Blazers have officially matched Batum's $46.5M, 4-year offer sheet. The offer sheet is assumed to have a $10.9M first year salary.

9. The Blazers signed Ronnie Price (July 18). I'm assuming he will get a minimum 1-year salary. He is a 7-year veteran so a minimum salary contract would be $1,146,337. However, if it is a one-year contract it will only count as $854,389 against the Blazers salary cap. I'll update the table if we get other information.

New since the last update:

10. The Blazers acquired Sasha Pavlovic (July 20) and two 2nd round picks from Boston for Jon Diebler. I'm assuming Pavlovic got a minimum salary. He is a 9-year veteran so a minimum salary contract would be $1,229,255. I'll update the table if we get other information.

All salary data of existing contracts from Storyteller's excellent contracts site. Salary data of newly signed players from various reports.


2012-13
1 LaMarcus Aldridge 14,000,000
2 Wesley Matthews 6,505,320
3 Jared Jeffries 1,352,181
4 Luke Babbitt 1,892,280
5 Elliot Williams 1,442,880
6 Nolan Smith 1,365,720
7 Damian Lillard 3,065,040
8 Meyers Leonard 2,126,520
9 Will Barton 473,604
10 Batum 10,900,000
11 Joel Freeland 3,000,000
12 Victor Claver 1,333,333
13 JJ Hickson 4,000,000
14 Ronnie Price 854,389
15 Sasha Pavlovic 1,229,255
Subtotal 53,540,522
[Shawne Williams] 1,045,000
Total w/stretch 54,585,522
Salary Cap 58,044,000
Cap Room w/stretch 3,458,478
[Shawne Williams] 3,135,000
Total w/o stretch 56,675,522
Salary Cap 58,044,000
Cap Room w/o stretch 1,368,478

Bottom line:

1. If the Blazers stretch the cap hit from waiving Shawne Williams to maximize their cap room this year, they have about $3.5M in cap room available.

2. If the Blazers do NOT stretch the cap hit from waiving Shawne Williams in order to maximize their cap room next year and the year beyond, they have about $1.4M in cap room available.

3. When or if the Blazers get within $2.575M of the cap limit, they would have a Room Exception that allows them to sign one or more players for up to a total of $2.575M. However, the may no longer be allowed the Room Exception. See the next note.

4. Technically, the Blazers may still be above the cap limit if they used their Mid-Level Exception (MLE) to sign Freeland and Claver, and haven't renounced their cap holds on Joel Przybilla, Craig Smith, Jonny Flynn, Travis Diener, the $3.5M trade exception, and the $1.957M Bi-annual Trade Exception (BAE). They could have made all other player transactions (trades and free-agent signings) this summer using a combination of Bird Rights, Early-Bird Rights, and the minimum player exception, and may have never actually gone under the salary cap. In fact, they would have had to be over the salary cap to actually receive the $3.5M trade exception. However, if that is the case, they can still renounce those players and exceptions to get the remaining cap room whenever they wish. But, if they already used the MLE, then they would not receive the $2.575M Room Exception by going under the cap now (according to Larry Coon's FAQ). So at this point it appears they may still be technically operating over the cap and have the choice of using (or retaining) the $3.5M trade exception and the BAE, or renounce players and exceptions to use the available cap room.

I would remind you to please rec this post if you want to see it stick around as a reference for more than a day.

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