Addendum to Teague story: the Bulls's salary cap picture, and how it came to be
August 2nd, 2012
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: $16,402,500Carlos Boozer: $15,000,000Luol Deng: $13,305,000Joakim Noah: $11,300,000Richard Hamilton: $5,000,000Kirk Hinrich: $3,941,000Taj Gibson: $2,155,811Marco Belinelli: $1,957,000Jimmy Butler: $1,066,920Nazr Mohammed: $854,389Vladimir Radmanovic: $854,389Nate Robinson: $854,389Total: $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.The process by which the Bulls put together that roster is more important here than usual. The new CBA created a level, known colloquially as the ‘apron’, which subjects any team with a payroll above that level to further payroll restrictions. The line exists $4 million above the luxury tax threshold of $70,307,000, so the Bulls are not over it. It is more important to note, however, that there is absolutely no way they can now go over it, because of what they have done thus far. The Non-Taxpayer Mid-Level Exception cannot be used by teams over the apron, or by teams who would finish above the apron upon using it. Also, if you DO use it, you can’t then go over the apron under any circumstances. The same is all also true of the Bi-Annual Exception. And the Bulls have used both – Hinrich received $3.941 million of the $5 million MLE, while Belinelli got the full BAE. Proximity to the apron – which, it bears repeating, they CANNOT now go over – is now the Bulls’s major problem. They […]
Marquis Teague is still unsigned, and you're probably not going to like why
August 1st, 2012
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. In practice, almost everybody gets the 120%, even when drafted late. The exceptions to this are very few and far between. But there have been some. In the doing I’ve been doing this, there’s been all of seven. Sergio Rodriguez signed for only 100% in 2006, while the next year, Ian Mahinmi got only 80% in year one, rising to 100% in later years. Donte Greene got only 100% in 2008, whilst the man drafted two picks above him, George Hill, got 120% in his first two years then only 80% in the last two (an […]
