Thursday, August 02, 2012

Addendum to Teague story: the Bulls's salary cap picture, and how it came to be

When the new maximum salary figures came in, Derrick Rose's 2012/13 maximum salary contract went from $15,506,632 to $16,402,500, an increase of as-near-as-is $900,000. Luol Deng's salary went down by $60,000, but that barely offsets the increases, and it's an increase that put the Bulls right up against the "apron".

After all the roster turnover, the Bulls breakdown of 2012/13 salaries currently looks like this:

Derrick Rose: $16,402,500
Carlos Boozer: $15,000,000
Luol Deng: $13,305,000
Joakim Noah: $11,300,000
Richard Hamilton: $5,000,000
Kirk Hinrich: $3,941,000
Taj Gibson: $2,155,811
Marco Belinelli: $1,957,000
Jimmy Butler: $1,066,920
Nazr Mohammed: $854,389
Vladimir Radmanovic: $854,389
Nate Robinson: $854,389

Total: $72,691,398.

Only listed above is committed salary, not any cap holds. Cap holds aren't relevant at this juncture. What is relevant is how much the Bulls have left to spend.

Wednesday, August 01, 2012

Marquis Teague is still unsigned, and you're probably not going to like why

Of the 30 first rounders drafted in June, 29 have signed their rookie scale contracts. There are to be no international draft-and-stashes in the first round this year; 29 are signed and ready to play in the NBA next year, while the other one should be.

The 30th player, the lone unsigned warrior, is Marquis Teague. He was drafted 29th overall, and while the 28 ahead of him (and Festus Ezeli behind him) have all been signed, Teague still awaits his first NBA contract. He has not been renounced, a la Travis Knight back in the day, but he also has yet to sign.

As most people are aware of in these days of increased cap transparency, first contracts for first round draft picks are (for their first three years after being drafted, at least) bound by the amounts set forth in the rookie salary scale. This is true no matter what your salary cap situation is. The 29th pick in the 2012 NBA draft has a rookie scale amount of $857,000 in the first year - the only scope for negotiation that teams, players and agents have is being able to sign for as much as 120% or as little as 80% of that.

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