The amount of cap room teams will actually have, updated, again
July 8th, 2010

This is an update of the update of the earlier post that detailed the amount of cap room teams will have. It is updated to reflect everything that happened at the draft, including, in the case of the Kirk Hinrich trade, things that haven’t happened that soon will. More importantly, it is updated to reflect the fact that we now know where the salary cap is going to be; with the calculations all down, the NBA has announced that the salary cap for the 2010/11 season will be higher that expected, coming in at $58,044,000. After all that, it went up from last year. Other than those things, this is a carbon copy of the initial post. In this edition, there are no entries for teams irrelevant to cap space, because I can’t be bothered. If those teams make moves to become relevant, they will get mentioned later.     Chicago Bulls Committed salary for 2010/11: $31,850,976 (view full forecast) Projected cap space: $19,420,366 The projected figure is based around the as-yet-uncompleted trade that will send Kirk Hinrich and the #17 pick to Washington, in exchange for pretty much nothing. That trade will leave the Bulls with only five players under contract – Luol Deng, Derrick Rose, Joakim Noah, James Johnson, Taj Gibson – with no cap holds from draft picks. If we assume that that move goes down unchanged and that all free agents are renounced, the Bulls salary situation then looks like this; Luol Deng = $11,345,000Derrick Rose = $5,546,160Joakim Noah = $3,128,536James Johnson = $1,713,600Taj Gibson = $1,117,680 Seven roster charges = $473,604 * 7 = $3,788,832. Total = $26,166,204 Cap space to $58.044 million cap = $31,877,796 The Bulls have already agreed to sign Carlos Boozer to a deal reportedly worth $75 million. How they will structure that […]

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