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Old 06-23-2004, 05:50 AM   #1 (permalink)
darknezx
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Lakers able to offer Max contract?

Hi

I'm unsure as to the reasons that the Lakers are able to offer Kovbe Bryant a 7 year deal worth 140 mil. Aren't they over the cap? And why are they able to offer a year more when some other team has more cap space. I couldn't find it in Larry Croon's faq, pardon me for asking.
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Old 06-23-2004, 06:16 AM   #2 (permalink)
MJG
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You can go over the cap to resign your own players.
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Old 06-23-2004, 11:26 AM   #3 (permalink)
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Re: Lakers able to offer Max contract?

Quote:
Originally posted by darknezx!
Hi

I'm unsure as to the reasons that the Lakers are able to offer Kovbe Bryant a 7 year deal worth 140 mil. Aren't they over the cap? And why are they able to offer a year more when some other team has more cap space. I couldn't find it in Larry Croon's faq, pardon me for asking.
3 issues come into play:

1) Any team other than the Lakers can offer him a contract for a maximum of 6 years with a first year salary limited to the maximum salary defined in the CBA (30% of the salary cap) or 105% of his salary this past year, whichever is greater. Even a team like Utah, which would have more cap space than this available, is limited to this amount.

2) Because the Lakers hold his Bird rights, they can exceed the salary cap in re-signing him. They can sign him to a maximum of 7 years in his contract. They are the only team that can offer him a 7 year contract (either straight up or in a sign-and-trade). The first year of the contract can be the same amount as above - 30% of the salary cap or 105% of his salary this last year, whichever is greater.

3) The Lakers can also give him a yearly raise equal to 12.5% of the first year of his deal. Any other team can give him a yearly raise equal to 10% of the first year of his deal.


My best guess is that the Lakers can offer him a 7 year deal worth $136.4 million and any other team with enough cap room can offer him a 6 year deal worth $106.3 million. (Based on a first year salary of $14.175 million - 105% of his salary this past year)


FAQ questions #9, 10 and 17 address these issues in greater detail.

BTW, you don't need to apologize for asking questions. 2 years ago, I knew next to nothing about these issues, and learned only by reading and by asking a lot of questions on forums such as this one. That's what this forum is for - so we can help each other grow in our knowledge of basketball and of the issues that surround it.
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Old 06-30-2004, 10:39 AM   #4 (permalink)
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I posted a detailed analysis of that contract situation on the FA and Rumors board.

http://www.basketballboards.net/foru...215&forumid=55
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