Is anyone able to clarify what situation the Suns are in regarding their salary cap? I believe after this season Goog's is a free agent. I'm looking on a website and it says Penny has a player option in the '04 season. Does that mean that he can elect to stay another year, and if he doesn't does that mean he is a free agent during the '04-'05 season? How much would that free up for the Suns salary cap wise? Assuming Penny opts-out, Goog's is a free agent, Scott Williams' contract is up, and Donnel Harvey's contract is up. How much would all that total free up for the Suns and would they still be in salary cap trouble?
Actually, I think this is Goog's last year in his contracts, and I doubt he'll be resigned. I'm using this one website, and it seem's pretty accurate. It says that Penny is also able to opt out of his contract in '04 also. Scott Williams said that this will most likely be his last season in the NBA. Donnell Harvey will most likely be resigned in my opinion, I'm guessing for about <$5million. Getting rid of both Googs and Penny would relieve them of about $145 million. Say they use about $5 million for Harvey, that leaves them $140 million. They will have to resign Joe Johnson next year. Trybanski's contract ends next year which will relieve them of $4.8 million. Jahidi's contract of $25 million ends next year, and I think that's a little too expensive for him. Voshkul also can opt out next year.
Voskuhl is arleady able to opt-out? The Suns just gave him a new contract last year. I forgot all about Trybanski, guess that happens when you don't do jack. Seeing how JJ's contract situation pans out will be interesting. The Suns have yet to see what he can do consistently so that may hinder Johnson's demands a great amount. He still has so much potential, which is probably what his agent will play off of because I'm sure other teams will want to give him something. Hopefully he still decides to stay with the team in the end. Looks like the Suns will be busy the next couple off-seasons.
The Suns currently have $65.8 million in committed salaries this year. Gugliotta's $11,668,395, Williams' $1,070,000, and Harvey's $663,679 come off the books after this season. That reduces the Suns to a committed payroll of $55,876,833 w/o the draft, free agency, etc. Anfrenee Hardaway has a player option for $14,625,000. I have a hard time believing he would turn down that kind of money(he'd be leaving $30 million over 2 years on the table if he did). If the draft was today, Pheonix would be picking 7th. This year's 7th pick, Kirk Hinrich, is making $2,098,560. That would push Phoenix at $58 million, w/o resinging any FA's, nor using its MLE. It will all come down to whether or not Pheonix' owner is willing to lose money to obtain a player. My guess is not. Pheonix will be very close to the luxury tax cutoff. Using their MLE could push them over. And should that happen, its penny for penny. So a $4.9 MLE signing now costs the owner $9.8 million(and thats not accounting for the money he will be losing from the NBA, since he wont get part of the luxury tax money that is given back to the teams that don't exceed it. I believe NCBullsFan said last year that those teams received around $10 million). Suddenly, a $4.9 million MLE signing will cost your owner $20 million. Is it worth it? Nope. I wouldn't count on Phoenix to be a major player in free agency.
<div class="quote_poster">Quoting BAdB0i87:</div><div class="quote_post">Actually, I think this is Goog's last year in his contracts, and I doubt he'll be resigned. I'm using this one website, and it seem's pretty accurate. It says that Penny is also able to opt out of his contract in '04 also. Scott Williams said that this will most likely be his last season in the NBA. Donnell Harvey will most likely be resigned in my opinion, I'm guessing for about <$5million. Getting rid of both Googs and Penny would relieve them of about $145 million. Say they use about $5 million for Harvey, that leaves them $140 million. They will have to resign Joe Johnson next year. Trybanski's contract ends next year which will relieve them of $4.8 million. Jahidi's contract of $25 million ends next year, and I think that's a little too expensive for him. Voshkul also can opt out next year.</div> Voskule cannot opt out next year. He is due $1,743,750 next year, and $1,937,500 the following year. Trybanski is due $1,760,000 next year. White is due $5,884,500 next year But when those contracts expire, Pheonix will use that money to either extend Joe Johnson's contract or tender him for one year. Also, Pheonix will pick up team options on Stoudamire and Jacobsen.
Thank a bunch, Vintage. So Phoenix isn't necessarily helped by Googs' contract expiring. Of course they are in a better situation than before so I guess all is good. The Suns are slowly getting closer and closer to being able to do something on the free agent market. Though last time they tried to do something in free agenecy they ended up in the situation they are in now. Then there's Amare's future contract to worry about as well. Maybe the Suns will never get out of salary cap hell.
JJ's contract ends in '05. The same as White and Trybanski. That's what Vintage is saying, the money lifted from those contracts expiring will be used on JJ's contract situation.
Ok, I see now. But Vintage said that PHX might get a 7th overall pick, but did they trade their 2004 1st Round pick to the Spurs, or a future 1st Round pick?
<div class="quote_poster">Quoting sunsfan1357:</div><div class="quote_post">It was a future first round pick...</div> Are you serious!?!? Thank god, I thought it was for a 2004 pick.
I think that if Phoenix feels like it can aquire a player that will help the team win basketball games (which is likely) they will sign him. Even though it would push them over 60 million because most teams are far enough under the threshold that the luxury tax probably won't be invoked. In fact it is very possible that there will be no luxury tax after the new CBA is hammered out.
So if enough teams are under what the supposed threshold then there is a good chance no luxury tax will go through? I always thought that if the league as a whole made enough revenue then there would be no luxury tax, or is it a combination of both? Yeah BadBoi, I'm relieved it's a future pick as well. I remember last year I didn't think anything of the Suns giving up the first round pick, but midway through the season so far I remembered the deal and started to worry about whether or not the Suns would have to give it up this year.
<div class="quote_poster">Quoting Rocko220:</div><div class="quote_post">I think that if Phoenix feels like it can aquire a player that will help the team win basketball games (which is likely) they will sign him. Even though it would push them over 60 million because most teams are far enough under the threshold that the luxury tax probably won't be invoked. In fact it is very possible that there will be no luxury tax after the new CBA is hammered out.</div> The luxury tax, as part of the CBA, expires when the contract expires. That's AFTER next season, right? If so, it wont matter if many teams are under it. All that would change is that the distributed part of the luxury tax given back would be a bit smaller. But the fact that Phoenix would stand to lose money doesn't change.
