Begley tweeted this:
Ian Begley: The Knicks have Derrick Rose’s Bird Rights, so they can sign other FAs next summer & then exceed the cap to re-sign him if they so choose.
So I was under the impression that your FAs with bird rights have cap holds, and the only way to use cap space to sign FAs from other teams is to rescind their bird rights.
Begley is suggesting that we could use the expanding cap to sign FAs, then go over to resign Rose but I believe this is dead wrong. Somebody know different? Just bad reporting?
fishmike wrote:Begley tweeted this:Ian Begley: The Knicks have Derrick Rose’s Bird Rights, so they can sign other FAs next summer & then exceed the cap to re-sign him if they so choose.
So I was under the impression that your FAs with bird rights have cap holds, and the only way to use cap space to sign FAs from other teams is to rescind their bird rights.
Begley is suggesting that we could use the expanding cap to sign FAs, then go over to resign Rose but I believe this is dead wrong. Somebody know different? Just bad reporting?
He is right but the cap hold is included to gather a teams cap space if they intend on keeping the desired player. Rose's cap hold next year will be around $22.3m, so it's not like it's saving that much. I guess on the off chance that Rose turns into a max player it will come in handy but the chances of that happening are slim and hopefully the idea of maxing out an injury plague 28 year old after one year does not creep into the thoughts of Phil. Then again it is Phil.
yellowboy90 wrote:fishmike wrote:Begley tweeted this:Ian Begley: The Knicks have Derrick Rose’s Bird Rights, so they can sign other FAs next summer & then exceed the cap to re-sign him if they so choose.
So I was under the impression that your FAs with bird rights have cap holds, and the only way to use cap space to sign FAs from other teams is to rescind their bird rights.
Begley is suggesting that we could use the expanding cap to sign FAs, then go over to resign Rose but I believe this is dead wrong. Somebody know different? Just bad reporting?
He is right but the cap hold is included to gather a teams cap space if they intend on keeping the desired player. Rose's cap hold next year will be around $22.3m, so it's not like it's saving that much. I guess on the off chance that Rose turns into a max player it will come in handy but the chances of that happening are slim and hopefully the idea of maxing out an injury plague 28 year old after one year does not creep into the thoughts of Phil. Then again it is Phil.
right... its very misleading. If the Knicks have $50mm in cap space next year $22.3mm of it is tied up in Rose's cap hold, so its not like the Knicks can sign $50mm in FAs, then go over the cap giving Rose a huge new contract. He counts as part of it.
Begley retweeted another cap expert later who said that Rose's cap hold next summer is actually his projected max of $30m
Bottom line, they have flexibility. If they know they're getting another big fish they can try to agree to a smaller deal with Rose. Or they can cut ties.
Gotta see how this season goes first. But they'll have plenty of options next summer.
Right now I'm more interested in who we sign over the next week or so!
Rose cap hold is 190% of this previous salary.
So yes, $30m.
There are no free lunches in the NBA CBA.
put in every player's cap hold and then whatever's left over can be used on free agents before resigning your guys to go over the cap.
for example, let's say salary cap is $100.
players 1-8 are guaranteed to be making $60 mil.
derrick rose is a FA but his cap hold is $30 mil.
that means you are committed to at least $90 mil. you then have $10 mil to sign FA's. once you do that, then you can sign rose to $50 mil if you want to go over the cap...but all you have is the $10 mil to sign FA's. if you sign rose to $50 mil before signing anyone else, then you lose the $10 mil.
if you renounce rose, you will have $40 mil in cap space. but then you will have to fit any FA and rose into the $40 mil and you can't go over the cap.
djsunyc wrote:that means you are committed to at least $90 mil. you then have $10 mil to sign FA's. once you do that, then you can sign rose to $50 mil if you want to go over the cap...but all you have is the $10 mil to sign FA's. if you sign rose to $50 mil before signing anyone else, then you lose the $10 mil.
Well, no.
There are maximum salaries too.
Knickoftime wrote:djsunyc wrote:that means you are committed to at least $90 mil. you then have $10 mil to sign FA's. once you do that, then you can sign rose to $50 mil if you want to go over the cap...but all you have is the $10 mil to sign FA's. if you sign rose to $50 mil before signing anyone else, then you lose the $10 mil.
Well, no.
There are maximum salaries too.
i am just using hypothetical numbers but what do you mean by that?
djsunyc wrote:Knickoftime wrote:djsunyc wrote:that means you are committed to at least $90 mil. you then have $10 mil to sign FA's. once you do that, then you can sign rose to $50 mil if you want to go over the cap...but all you have is the $10 mil to sign FA's. if you sign rose to $50 mil before signing anyone else, then you lose the $10 mil.
Well, no.
There are maximum salaries too.
i am just using hypothetical numbers but what do you mean by that?
I understand you were using hypothetical numbers but the hypothetical situation you tried to illustrate has no practical application.
The free agent amounts (commonly called cap holds) in the CBA were specifically designed to close the hypothetical loop hole. They're meant to approximate or exceed a players potential max so teams can't do what you just proposed.
The ONLY time it comes into play are players like Lin, D. Green and Parsons, second round or otherwise 3rd year players not drafted in the first round who's cap holds are minimal coming off minimum salaries but who earned significant raises, and as Lin and Parsons demonstrate, that often doesn't work out for the team either.
