Wolves Cap Situation
Posted: Mon Jul 03, 2017 8:11 pm
I'm a bit confused about the Wolves current cap situation. According to Spottrac, the Wolves would be under the cap by about $4.2 million after counting our cap hold for Justin Patton if none of the cap holds for Bazz, Rush, Casspi and Payne are considered. I've been assuming we can renounce our rights to any of those players and knock their cap holds off the books. But according to Spottrac, that's not possible. I was thinking that we could renounce our cap holds on players who aren't under contract for next season and that the only downside would be losing our Bird rights to re-sign them in excess of the salary cap.
So here's my take. Best case scenario, we have bout $4.2 million in cap space if we renounce our claim to Rush, Payne and Casspi, having already renounced our rights to Bazz. We could presumably expand that to around $11.5 million by trading Aldrich and our pick for cap space. However, it would appear that we're stuck with all our cap holds for salary cap purposes, which means our only option is the room exception. If we can't clear those cap holds off our books, then even trading Aldrich and his $7.3 million contract would NOT get us below the salary cap. I have to believe we can renounce our cap holds and get their salaries off our books for cap purposes. Am I wrong?
Could someone explain what our options are regarding those cap holds?
So here's my take. Best case scenario, we have bout $4.2 million in cap space if we renounce our claim to Rush, Payne and Casspi, having already renounced our rights to Bazz. We could presumably expand that to around $11.5 million by trading Aldrich and our pick for cap space. However, it would appear that we're stuck with all our cap holds for salary cap purposes, which means our only option is the room exception. If we can't clear those cap holds off our books, then even trading Aldrich and his $7.3 million contract would NOT get us below the salary cap. I have to believe we can renounce our cap holds and get their salaries off our books for cap purposes. Am I wrong?
Could someone explain what our options are regarding those cap holds?