Nets are about $6.39 million below Luxury Tax threashold

[GMJ]

<div class='quotetop'>QUOTE </div><div class='quotemain'>The luxury tax threshold for the coming season is $71.15 million. The Nets, according to our best estimates, currently have salary commitments of $64.76 million (including a qualifying offer to Nenad Krstic and a buyout for Keith Van Horn), giving the Nets about $6.39 million in wiggle room. That’s also about $4 million less than last year’s payroll and puts the Nets in the middle of the pack among NBA teams, roughly 17 out of 30. Last year, the Nets’ payroll was seventh.</div>

Link

 

[gobillsdeep]

<div class='quotetop'>QUOTE (GMJigga @ Aug 4 2008, 12:34 AM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE </div><div class='quotemain'>The luxury tax threshold for the coming season is $71.15 million. The Nets, according to our best estimates, currently have salary commitments of $64.76 million (including a qualifying offer to Nenad Krstic and a buyout for Keith Van Horn), giving the Nets about $6.39 million in wiggle room. That?€™s also about $4 million less than last year?€™s payroll and puts the Nets in the middle of the pack among NBA teams, roughly 17 out of 30. Last year, the Nets?€™ payroll was seventh.</div>

Link
</div>

But will we use it?

 

[adisodes]

I say we save the left over cash just in case the Cavs waive LeBron over the summer. Then we can pounce.

 

[#1_War_Poet_ForLife]

Wait, if we go over, do we have to pay the LT on Krstic's qualifying offer, even though we're not actually paying him?

 

[kobimel]

I don't think we'll use it unless a guy like Josh Smith is realistically available. After all, the main focus is to be around 15 million under by 2010, right?

 

[Dumpy]

<div class='quotetop'>QUOTE (kobimel @ Aug 4 2008, 08:29 AM) <{POST_SNAPBACK}></div><div class='quotemain'>I don't think we'll use it unless a guy like Josh Smith is realistically available. After all, the main focus is to be around 15 million under by 2010, right?</div>

Truthfully, no one knows, but I think they've indicated that if some unexpected buying opportunity sprouts up before then, they will pursue it.

When you think about it, it seems like 2010 will be a great time to be a second-tier free agent. All the teams that miss out on the superstars on the market will fight among themselves to do SOMETHING to spend their money. It seems to me that conditions will be perfect for mediocre big men to get $8M/year contracts.

 

[kobimel]

<div class='quotetop'>QUOTE (Dumpy @ Aug 4 2008, 05:00 PM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (kobimel @ Aug 4 2008, 08:29 AM) <{POST_SNAPBACK}></div><div class='quotemain'>I don't think we'll use it unless a guy like Josh Smith is realistically available. After all, the main focus is to be around 15 million under by 2010, right?</div>

Truthfully, no one knows, but I think they've indicated that if some unexpected buying opportunity sprouts up before then, they will pursue it.

When you think about it, it seems like 2010 will be a great time to be a second-tier free agent. All the teams that miss out on the superstars on the market will fight among themselves to do SOMETHING to spend their money. It seems to me that conditions will be perfect for mediocre big men to get $8M/year contracts.
</div>

I agree. With the superstars gone, teams who had been saving up cap space will feel obligated to spend it all, and the lesser free agents will definitely get overpayed. The exodus to Europe will give them even more leverage, since they'll be able to demand big bucks or threaten to move overseas.

 

[cpawfan]

<div class='quotetop'>QUOTE (#1_War_Poet_ForLife @ Aug 4 2008, 09:23 AM) <{POST_SNAPBACK}></div><div class='quotemain'>Wait, if we go over, do we have to pay the LT on Krstic's qualifying offer, even though we're not actually paying him?</div>

No

QO's count for cap calculations, but not for tax calculations.

However, far be it from me to make a joke about NI's math

 

[cpawfan]

Both http://www.storytellerscontracts.info/ and http://www.sportstwo.com/NBA/LeagueSalaries are more reliable than the sources NI chose to use for his salaries

 

[Netted]

<div class='quotetop'>QUOTE (Dumpy @ Aug 4 2008, 10:00 AM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (kobimel @ Aug 4 2008, 08:29 AM) <{POST_SNAPBACK}></div><div class='quotemain'>I don't think we'll use it unless a guy like Josh Smith is realistically available. After all, the main focus is to be around 15 million under by 2010, right?</div>

Truthfully, no one knows, but I think they've indicated that if some unexpected buying opportunity sprouts up before then, they will pursue it.

When you think about it, it seems like 2010 will be a great time to be a second-tier free agent. All the teams that miss out on the superstars on the market will fight among themselves to do SOMETHING to spend their money. It seems to me that conditions will be perfect for mediocre big men to get $8M/year contracts.
</div>
Josh Boone is salivating.

Technically I think the Nets are closer to $9mm below the luxury tax threshold. I don't think Nenad's QO counts towards the luxury tax only the salary cap. I think only actual salary spent counts towards luxury tax calculation.

 

[Netted]

<div class='quotetop'>QUOTE (cpawfan @ Aug 4 2008, 10:07 AM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (#1_War_Poet_ForLife @ Aug 4 2008, 09:23 AM) <{POST_SNAPBACK}></div><div class='quotemain'>Wait, if we go over, do we have to pay the LT on Krstic's qualifying offer, even though we're not actually paying him?</div>

No

QO's count for cap calculations, but not for tax calculations.

However, far be it from me to make a joke about NI's math

</div>
I see Cpaw actually got to this point before I got around to hitting the submit button.

 

[Petey]

<div class='quotetop'>QUOTE (kobimel @ Aug 4 2008, 10:07 AM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (Dumpy @ Aug 4 2008, 05:00 PM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (kobimel @ Aug 4 2008, 08:29 AM) <{POST_SNAPBACK}></div><div class='quotemain'>I don't think we'll use it unless a guy like Josh Smith is realistically available. After all, the main focus is to be around 15 million under by 2010, right?</div>

Truthfully, no one knows, but I think they've indicated that if some unexpected buying opportunity sprouts up before then, they will pursue it.

When you think about it, it seems like 2010 will be a great time to be a second-tier free agent. All the teams that miss out on the superstars on the market will fight among themselves to do SOMETHING to spend their money. It seems to me that conditions will be perfect for mediocre big men to get $8M/year contracts.
</div>

I agree. With the superstars gone, teams who had been saving up cap space will feel obligated to spend it all, and the lesser free agents will definitely get overpayed. The exodus to Europe will give them even more leverage, since they'll be able to demand big bucks or threaten to move overseas.
</div>

I think much more than that. Maybe even Max money, look at Rashard Lewis.

-Petey

 

[SportsTicker]

<div class='quotetop'>QUOTE (cpawfan @ Aug 4 2008, 09:13 AM) <{POST_SNAPBACK}></div><div class='quotemain'>Both http://www.storytellerscontracts.info/ and http://www.sportstwo.com/NBA/LeagueSalaries are more reliable than the sources NI chose to use for his salaries</div>

Based on what? None of them are complete. Two years ago, SI got the real data, but unfortunately never was able to update it.

http://sportsillustrated.cnn.com/2006/bask...ries/index.html

Note the difference between the official data on Bobby Simmons official numbers for this year ($9.920 million) as reported by SI, and Storytellers inflated number ($11,408,000). They also had inflated data on Boki Nachbar, claiming he made $3.3 million whne the official number was $2.5 million. Where Storytellers data is wrong, it is most often inflated. I found several other examples when I compared the two, using the official data as a benchmark two years ago. I didn't even bookmark it...not worth it.

 

[cpawfan]

<div class='quotetop'>QUOTE (NetIncome @ Aug 5 2008, 05:03 AM) <{POST_SNAPBACK}></div><div class='quotemain'><div class='quotetop'>QUOTE (cpawfan @ Aug 4 2008, 09:13 AM) <{POST_SNAPBACK}></div><div class='quotemain'>Both http://www.storytellerscontracts.info/ and http://www.sportstwo.com/NBA/LeagueSalaries are more reliable than the sources NI chose to use for his salaries</div>

Based on what? None of them are complete. Two years ago, SI got the real data, but unfortunately never was able to update it.

http://sportsillustrated.cnn.com/2006/bask...ries/index.html

Note the difference between the official data on Bobby Simmons official numbers for this year ($9.920 million) as reported by SI, and Storytellers inflated number ($11,408,000). They also had inflated data on Boki Nachbar, claiming he made $3.3 million whne the official number was $2.5 million. Where Storytellers data is wrong, it is most often inflated. I found several other examples when I compared the two, using the official data as a benchmark two years ago. I didn't even bookmark it...not worth it.
</div>

Based upon reviewing salaries numbers a hell of a lot more often than you. Hoopshype is always incomplete and never includes important concepts like cap holds.

As for Simmons' salary number, the thing SI doesn't have is that Simmons' contract was reported to have a trade kicker at the time it was signed. Storyteller properly added the trade kicker to his base salary for the cap number. SI in 2006 wouldn't have that listed and Storyteller lists that in his notes.

As for Nachbar, he was listing his cap hold, not his contract. On the 2007-2008 salary list http://www.storytellerscontracts.info/reso...-08salaries.htm he was listed as $2.5 million. Actually, if anything, it sounds like he calculated the cap hold too small (at the Early Bird rate instead of the Larry Bird rate)

So far all you demonstrated is that you have a lack of understanding. I'm willing to go through every single example you found and demonstrate why you are wrong.