1. A lot of this
information was gathered from Patricia Bender's NBA Page
2. Many of the contract values are estimates,
approximations and averages(rookie contracts are assumed
120% of scale)
3. This Page is intended to generate feedback so I can
improve the data. Email me here
4. Thanks to everyone
from Clutchcity BBS that has contributed
5. Mobley only
considered to count 130% of previous salary, although
will most likely sign early bird for approximately $3.9MM
6. Blue numbers
indicate salary cap amount for un-renounced free agents.
indicate team option.
8. Walt Williams
adjusted to allow for "ramp-up" of salary.
Olajuwon retirement FACTS
1. Hakeem is set to earn approximately $16 million
dollars next year in the final year of his gauranteed
2. If Hakeem retires, the team may or may not pay him the
money, depending on the the UNDISCLOSED terms of the
3. Regardless of whether the team pays Hakeem the money,
IT WILL COUNT TOWARDS THE ROCKETS CAP.
4. The "Forced Medical Retirement", clause does
not apply because it requires a 2 year waiting period
before any cap relief is granted
5. A Contract Buyout is ONLY a possibility if it was
included as an "Option Clause" in the original
contract. Even if it was included all the money we pay
Hakeem as part of the buyout would count against next
years CAP anyway. I have never heard anyone refer to
Hakeem's contract as having a TEAM or PLAYER option for
the final year.
6. Larry Coon, the
recognized internet expert on such matters, quoted the
following from the NBA Collective Bargaining Agreement:-
"In no event shall team and player
amend a contract for the purpose of terminating or
shortening the term of the contract, except in accordance
with the NBA waiver procedure or Article XII, Section
2." So it's not as easy as saying "here's some
money, now take a hike," even if the player is
XII is for option clauses, covered in item 5. The NBA
waiver procedure would simply involve us waiving Hakeem
but still paying his salary in full)
He goes on to say:-
"This exact situation is what John
Starks and the Bulls are going through. Starks wants to
give up the remainder of his salary so he can leave the
Bulls and join another team. The Bulls are willing to let
him go. But there's nothing in the CBA that would allow
him to do so, so Starks is stuck where he is."
7. Even if there is
an"Option Clause" in the contract that allows
us to "buyout the contract" consider this:
a) Next year salary cap is
expected to be approximately $35.5 million.
b) If we negotiate to pay
Hakeem just $5 million of the $16 million due him we will
be AT THE SALARY CAP, and hence have no room to sign a
free agent. If we agreed to pay Hakeem just a pitiful
$2.5milllion, we would have $2.5million with which to
sign a free agent, which is roughly equal to the
"Mid Level Signing exception" we would have if
we were still OVER THE CAP.