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**MJG** · 07-11-2004, 01:46 PM

Quote:

Originally posted by jazzy1!
I think the Times is right about our cap space can we get some clarification from somewhere.

We need too see what our options are.

You could put a post on the Salaries/CBA forum. So Cal Blazer Fan is an expert at this sort of thing, and he checks in there often.

**CP26** · 07-11-2004, 01:57 PM

Free Agent big men we should look at:
Dampier
Ostertag

I think Ostertag would be a nice fit because he has experience that not many players on our team have.

Shanghai Kid · 07-11-2004, 02:20 PM

Quote:

Originally posted by jazzy1!
I think the Times is right about our cap space can we get some clarification from somewhere.

We need too see what our options are.

I'm 99% sure about this. From researching, I went to another message board and I have seen this clarafied by a cap expert. You can only use the MLE if you are over the cap, since without Etan we are under the cap, we can only use the money we have from that. The only way we would of had 9-10 mil this year is if Stack was taken in the Expansion draft. If their was any possibility of us having that much cap we would of renounced Etan a while ago and been in the process of going after guys like K-Mart and Boozer.

Next year 70% of our team are free agents. Everyone except Arenas/Jamison/Hayes can be let go. That means if we want we can let half the team go next year and have money to get a Max Free Agent. Likely we'll have to resign everybody which will screw up our cap situation for the next 4 years until Jamison comes off the book. Signing Etan now would almost guarantee that we would have to let Haywood or Hughes go next year and it would come back to haunt us when we have to resign Hayes.

Edit to Add: I found the explanation from a cap expert, here it is-

I spoke with John Mitchell yesterday -- it's a legit story. His cap room calculation is off, however. Let's go with the $45 million assumption, even though that's higher than what I've been hearing.

Accounting for cap holds on Etan, Whitney and Butler, and assuming the Wiz pick up the option on Blake, but without adding in the MLE or LLE, the Wizards would be $3.46 million OVER a $45 million cap.

Renouncing Butler, Whitney and Blake takes the team down to roughly $1.2 million OVER a $45 million cap. The next step would be to renounce Etan, and the exceptions, which gets the Wizards to $5.4 million UNDER the cap.

Not so fast, though. That would leave them with only 8 slots filled -- the CBA requires teams to "hold" space for 11. So, the team would have to add in three minimum salary cap holds to "fill the roster". Once all that's done, the Wizards would have $4.25 million in cap space. Certainly not enough to land Dampier.

Shanghai Kid · 07-11-2004, 07:07 PM

I'm hearing we're going to get Chris Mihm for cheap.

**BCH** · 07-11-2004, 07:09 PM

If the amount you are under the cap is less than the amount of the MLE you get the MLE. You can be under the cap and still have the MLE.

Etan Thomas has a cap hold equal to the tender offer for him which is about $3mil.

So if the MLE is $5mil and we are $4.9mil under the cap and Etan signs with another team then we technically could have $7.9mil under the cap.

This is dependant on what the cap hold for Thomas is. It could be more than $3mil as well, so the Times article could be right.

I doubt it is though, but it is not that big of a deal.

jazzy1 · 07-11-2004, 07:10 PM

Quote:

Originally posted by BCH!
If the amount you are under the cap is less than the amount of the MLE you get the MLE. You can be under the cap and still have the MLE.

Etan Thomas has a cap hold equal to the tender offer for him which is about $3mil.

So if the MLE is $5mil and we are $4.9mil under the cap and Etan signs with another team then we technically could have $7.9mil under the cap.

This is dependant on what the cap hold for Thomas is. It could be more than $3mil as well, so the Times article could be right.

Now this is what I thought.

**MJG** · 07-11-2004, 07:50 PM

http://members.cox.net/lmcoon/salarycap.htm#18

Reading that, it makes it sound like that's not the way things work. Basically, to start with you have to add all potential exceptions you own onto your committed salary. From there, there are two possibilities:

- If that amount is over the cap, then you can only sign FAs using those exceptions, even if your committed salaries are under the cap.

- If that amount is under the cap, then you forfeit all your exceptions and you only can spend the difference between your committed salaries and the current cap.

Assuming I'm not reading the link wrong, depending on if we renounce Etan and where exactly the cap falls, we can either offer the MLE or a deal ever so slightly above the MLE.

That's all a bit simplified I'm sure, but the basic gist is there. Also, I've made mistakes in the past when reading that FAQ, so if I read something wrong then feel free to correct me.

**MJG** · 07-11-2004, 07:52 PM

Quote:

Originally posted by Shanghai Kid!
I'm hearing we're going to get Chris Mihm for cheap.

If it's for cheap, I'm all for it. Mihm is hardly a catch, but he can cover the 4/5 spots for 12-18 MPG just fine.

**BCH** · 07-11-2004, 07:53 PM

Quote:

Originally posted by MJG!
http://members.cox.net/lmcoon/salarycap.htm#18

Reading that, it makes it sound like that's not the way things work. Basically, to start with you have to add all potential exceptions you own onto your committed salary. From there, there are two possibilities:

- If that amount is over the cap, then you can only sign FAs using those exceptions, even if your committed salaries are under the cap.

- If that amount is under the cap, then you forfeit all your exceptions and you only can spend the difference between your committed salaries and the current cap.

Assuming I'm not reading the link wrong, depending on if we renounce Etan and where exactly the cap falls, we can either offer the MLE or a deal ever so slightly above the MLE.

That's all a bit simplified I'm sure, but the basic gist is there. Also, I've made mistakes in the past when reading that FAQ, so if I read something wrong then feel free to correct me.

You basically said what I said. I am not sure where the disconnect is. Adding the MLE to our cap space, which has to include a hold for Etan, we may be slightly over the cap, which means if we renounce Etan, we can be under the cap but whatever Etan's cap hold is, plus the portion of the MLE we used to hit the cap limit.

The problem is I have no idea what the Wizards cap situation is like.

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