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Thread: Who has Cap Space? Toronto Does!

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    Raptors Republic Hall of Famer mcHAPPY's Avatar
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    Default Who has Cap Space? Toronto Does!

    As the trade deadline approaches, HoopsWorld.com looks at the financial situation of teams across the NBA, including Toronto:

    Toronto Raptors
    2011-12 Cap Figure: $53.7 million
    2012-13 Cap Figure: $41.9 million
    Traded Player Exceptions: None
    Six tax payers and ten teams under the cap, leaving fourteen in the middle group. That under the cap group is unexpectedly large; most season you may see two or three at this point in the season and almost never do you see teams in the range of Cleveland and Toronto. Sacramento and Indiana are in uncharted territory.

    As it sits now 19 teams are set to be under the cap for 2012-13 before the NBA Draft in June. Ten of those teams will have shed over $15 million in expiring contracts to get there. In contrast, only three teams Miami, Chicago and the L.A. Lakers currently sit over the tax level for next year.

    What does all of that mean? It means free agency 2012 this July could be one of the craziest yet, even more so than the Summer of LeBron in 2010.
    Source: HoopsWorld.com

    Toronto's figure does not include JV or 2012 pick - nor does any other team.

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    Question: how does the rookie exception work for Valanciunas? He's not currently signed to a contract with Toronto I think, so we can spend up to the cap, and then sign Valanciunas and this year's first-rounder and end up about $7 mill over the cap, is that correct?

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    Raptors Republic Hall of Famer mcHAPPY's Avatar
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    Quote octothorp wrote: View Post
    Question: how does the rookie exception work for Valanciunas? He's not currently signed to a contract with Toronto I think, so we can spend up to the cap, and then sign Valanciunas and this year's first-rounder and end up about $7 mill over the cap, is that correct?
    No. Effective July 1st their contracts count towards the cap. Like this past off season (once it finally started, that is) JV counted towards the cap until the first day of the season.

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    So... Valanciunas and our other rookie could conceivably eat up $7 million of our space, leaving us at a more realistic salary of $49 million going into free agency?

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    Quote octothorp wrote: View Post
    So... Valanciunas and our other rookie could conceivably eat up $7 million of our space, leaving us at a more realistic salary of $49 million going into free agency?
    JV's salary will be $2.9M. The 2012 pick is undetermined. I've been saying $47M but, sure, 49 works too if they are picking top 3.

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