2023-24 Salary Cap Discussion Thread

[macdaddy]

9 minutes ago, sturt said:

Big news, relatively speaking.

https://www.hoopsrumors.com/2023/06/nba-increases-salary-cap-projection-for-2023-24.html

3m increase for tax line.

Hopefully this isn't additional incentive for Hawks to stay under the tax line.  "well we're spending $3 million more"

[JayBirdHawk]

Update:

 

 

[sturt]

Better late than never, that's what I always say.... hehe... but thanks, Jay.

[JayBirdHawk]

Exhibit 10 deals:

According to Charania, players who sign Exhibit 10 training camp deals will be getting a significant increase in bonus pay. Those players are currently eligible for a bonus worth up to $50K if they’re waived before the regular season starts and spend at least 60 days with a team’s G League affiliate — in the new CBA, that bonus is worth $75K. As Charania notes, that change will impact roughly 60% of players in the NBA G League.

[JayBirdHawk]

New Second Round Pick Exception:

The contract value of the new second-round pick exception can be worth up to the equivalent of the minimum for a third-year player — that would be $1,836,090 for 2022/23, whereas a rookie minimum is worth $1,017,781. The new exception can be used to sign contracts that cover up to four years.

 

This is a new exception means teams don't need to have capspace or to use MLE, TMLE, BAEs to sign 2nd rounded players to longer contracts 3+ years.

[AHF]

On 6/25/2023 at 8:37 AM, JayBirdHawk said:

New Second Round Pick Exception:

The contract value of the new second-round pick exception can be worth up to the equivalent of the minimum for a third-year player — that would be $1,836,090 for 2022/23, whereas a rookie minimum is worth $1,017,781. The new exception can be used to sign contracts that cover up to four years.

 

This is a new exception means teams don't need to have capspace or to use MLE, TMLE, BAEs to sign 2nd rounded players to longer contracts 3+ years.

Being able to sign them for up to 4 years is a nice change as well.  Hopefully one of our second rounders this year will prove to be worth that.

[JayBirdHawk]

Current Exceptions:

 

[JayBirdHawk]

 

 

[JayBirdHawk]

Current as at 08/17/23

Total Salaries - $155,605,853 million

$9.6 million under the Luxury Tax

$22.3 million under the 2nd Tax Apron

 

Availble Exceptions and TPE's

 

The Harkless TPE expires on 09/27/03.

 

 

 

[macdaddy]

I can't wait to see how we save money next.  This offseason combined with a new CBA makes the possibilities tantalizing. 

[JayBirdHawk]

 

 

 

Hawks have 12 contracted players for next season at $163,292, 574.

So we are over the salary cap by $22 million, but we are also under the Luxury Tax $8.8 million.

[JayBirdHawk]

^Maybe the TV deal is not going to be the big bonanza that was initially expected.

[JayBirdHawk]