Let’s assume that all this is passed, including reducing Roy’s contract by 25%.
If Roy is not waived under the amnesty clause:
- In 2011-12, Roy’s contract will be reduced to $11.27 million. There’s no hard cap, so no worry about that. Maybe the Blazers are over the luxury tax threshold. But because it’s still a soft cap, Roy’s presence does not necessarily prevent the team from making other personnel transactions.
- In 2012-13, Roy’s contract will be reduced to $12.35 million. There’s still no hard cap, so no worry about that. Maybe the Blazers are over the luxury tax threshold. But again, because it’s still a soft cap, Roy’s presence does not necessarily prevent the team from making other personnel transactions.
- In 2013-14, Roy’s contract will be reduced to $13.42 million. There’s a hard cap, so the Blazers might be limited in what they can offer to other players. If he’s waived, he only counts as $5.35 million against the cap because of reduced guarantees.
- In 2014-15, Roy’s contract will be reduced to $14.49 million. There’s a hard cap, so the Blazers again might be limited in what they can offer to other players. If he’s waived, he only counts as $5.62 million against the cap because of reduced guarantees.
Here’s my point – if the Blazers decide to waive Roy under the amnesty clause, they get the cap savings but get zero production from him for 4 years. If they decide not to waive Roy under the amnesty clause, they get his production at least for 2 years (I’m assuming no real financial reason to waive him). And if, when the time of the hard cap truly enters the picture in 2013, they decide to waive him then because his production is not equal to the amount of cap space he takes up, he will count as about 12% of the hard cap as a waived player for each of two years.
So the question becomes – is his possible production on the court for 2+ seasons worth potentially tying up empty cap space in two years? Tough question to answer as we don’t really know how much he’ll be able to produce. Tougher because when it really matters from a cap perspective, he won’t count as 25% of the team’s cap space, he’ll count as half of that.
Again, this is all pure supposition. But given the parameters listed in the owner’s proposal, waiving Roy might not be as much of a slam dunk as some make it out to be.