The Inquirer has the scoop (thanks to Joe for the link). It looks like 6 years/$80M with another $5M in incentives and the 6th season is a player option. A hefty price, but again, the Sixers had to get it done.
Based on the max of 10.5% yearly raises, this is my best guess for the yearly breakdown:
'08-09 - $10,561,060
'09-10 - $11,669,970
'10-11 - $12,778,880
'11-12 - $13,887,790
'12-13 - $14,996,710
'13-14 - $16,105,620 (player option)
When you compare the numbers to the other restricted free agents who signed this offseason, it's high. Very high. But that might be a short-sighted view of things. We can look at the rest of those guys and argue where Iguodala fits, but he wasn't negotiating with those teams, he was negotiating with the Sixers. When viewed from that perspective, this is where he falls for the upcoming season:
Elton Brand: $13,699,000 (estimated)
Andre Iguodala: $10,561,060 (estimated)
Samuel Dalembert: $10,520,000
Andre Miller: $9,999,999
In terms of value to the team, I'd probably flipflop Miller and Dalembert, but can you really argue against Iguodala being the second-highest paid player on the team? I can't.
Since we have some loose numbers to work with now, here's my first take at what the cap could look like next Summer.
Brand: $14,794,920 (estimated)
Iguodala: $11,669,970 (estimated)
Dalembert: $11,360,000
Evans: $4,960,000
Williams: $4,696,250 (estimated)
Green: $3,682,000
Thad: $2,105,400
Speights: $1,658,280
Jason Smith: $1,418,880
Total: $56,345,700
This doesn't include the minimum contracts of Ivey and Rush, I'm not sure if they signed one or two-year deals, but you'd count them against the cap either way at the minimum. And of course, this isn't including Andre Miller's cap hold. So, it looks like the Sixers will be in no-man's land. They'll probably be under the cap if they renounce Miller's rights, but they'll actually have less money to spend than if they were over the cap. If they were over the cap they'd be able to use the mid-level and the bi-annual, which should total almost $8M. If they lose Miller, their actual cap space would only be $4M or $5M, depending.So it looks like the Sixers will have the mid-level and bi-annual exceptions available to them, which should mean a total of about $8M to spend on free agents. (Corrected per doodh wali's comment below). Of course, they hold Bird Rights to Andre Miller, so they could go over to sign him and still spend the $8M to fill other holes. Right now, extending Miller looks like the obvious decision, if he'll do it, but a lot can change between now and then.
Anyway, back to the here and now. The rotation should be pretty much set now. Miller, Iguodala, Thad, Brand, Sammy, Lou, Evans, Speights, Rush, Green. If they're able to sign a decent big he could slide into the rotation as well, but as of now, this is our team. So my question to you is, where does that rotation rank in the Eastern Conference, players 1-10.
Ivey is a 2 year deal. Rush is 1 year. From what I have read at least. They weren't really covered too much and the Philly beat writers are pure garbage who don't find out anything.
Well, Boston are the champs, Detroit won 59 games last year and, while the starters are getting older, we don't have anything remotely resembling a Jason Maxiell on our bench. And then I like Toronto a lot. If O'Neal can be any good for them that's a pretty imposing team. I put us fourth.
Your forgetting the cavs which were one basket away from defeating boston in the playoffs.
Lebron just got a 18 PPG scorer so they will be better.
My Order...
Boston
Cleveland/Philly
Detroit
Miami/Washington
toronto
By the way...Where are the Eagles blogs/articles ?
Its supposed to be the Yankees/Sixers AND Eagles ruining your life Brain...whats up man?
I'm not sold on Toronto. O'Neal would have to knock about 3 years off his odometer for them to be ahead of the Sixers. I'd probably put the Sixers and Detroit in #2 and #3 slots, not sure who I'd put higher. I like Maxiell, but the rest of that bench is questionable.
I wouldn't be surprised if this was Amir Johnson's breakout year. And it's true that Mo Williams does make Cleveland at least as good as us. And what about Orlando? 52 wins last season and we still haven't seen the best of Dwight Howard. Pietrus and Courtney Lee are good additions for them. If everything broke wrong, we could conceivably finish sixth.
20. How do exceptions count against the cap? Does being under the cap always mean that a team has room to sign free agents? Do teams ever lose their exceptions?
If a team is below the cap, then their Disabled Player, Bi-Annual, Mid-Level and/or Traded Player exceptions are added to their team salary, and the league treats the team as though they are over the cap. This is to prevent a loophole, in a manner similar to free agent amounts (see question numbers 29, 30, 31, 32). A team can't act like they're under the cap and sign free agents using cap room, and then use their Disabled Player, Bi-Annual, Mid-Level and/or Traded Player exceptions. Consequently, the exceptions are added to their team salary (putting the team over the cap) if the team is under the cap and adding the exceptions puts them over the cap. If a team is already over the cap, then the exceptions are not added to their team salary. There would be no point in doing so, since there is no cap room for signing free agents.
So it is not true that being under the cap necessarily means a team has room to sign free agents. For example, assume the cap is $49.5 million, and a team has $43 million committed to salaries. They also have a Mid-Level exception for $5 million and a Traded Player exception for $5.5 million. Even though their salaries put them $6.5 million under the cap, their exceptions are added to their salaries, putting them at $53.5 million, or $4 million over the cap. So they actually have no cap room to sign free agents, and must instead use their exceptions.
Teams have the option of renouncing their exceptions in order to claim the cap room. So in the example above, if the team renounced their Traded Player and Mid-Level exceptions, then the $10.5 million is taken off their team salary, which then totals $43 million, leaving them with $6.5 million of cap room which can then be used to sign free agent(s).
The Disabled Player, Bi-Annual, Mid-Level and Traded Player exceptions may be lost entirely, or the team may never receive them to begin with. This happens when their team salary is so low that when the exceptions are added to the team salary, the sum is still below the salary cap. If the team salary is below this level when the exception arises, then the team doesn't get the exception. If the team salary ever drops below this level during the year, then any exceptions they had are lost.
For example, with a $49.5 million salary cap, assume it's the offseason, and a team has $41 million committed to salaries, along with a Mid-Level exception for $5 million, a Traded Player exception for $2.5 million, and an unrenounced free agent whose free agent amount is $2 million. Their salaries and exceptions total $50.5 million, or $1 million over the cap. What if their free agent signs with another team? The $2 million free agent amount comes off their cap, so their team salary drops to $48.5 million. This total is below the cap so the team loses its Mid-Level and Traded Player exceptions.
There is logic behind this. The whole idea behind an "exception" is that it is an exception to the rule which says a team has to be below the salary cap. In other words, an exception is a mechanism which allows a team to function above the cap. If a team isn't over the cap, then the concept of an exception is moot. Therefore, if a team's team salary ever drops this far, its exceptions go away. The effect is that a team may have either exceptions or cap room, but they can't have both.
Nice catch, and thanks for the correction. So basically, they will have all of their exceptions available to them unless they renounce to use their minimal cap space, which they obviously wouldn't do if the space they had was less than the value of the exceptions.
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Ivey is a 2 year deal. Rush is 1 year. From what I have read at least. They weren't really covered too much and the Philly beat writers are pure garbage who don't find out anything.
Either way, both guys will count against the cap at the minimum next season (or if they're gone, a minimum contract will be added to the cap number.)
Well, Boston are the champs, Detroit won 59 games last year and, while the starters are getting older, we don't have anything remotely resembling a Jason Maxiell on our bench. And then I like Toronto a lot. If O'Neal can be any good for them that's a pretty imposing team. I put us fourth.
Your forgetting the cavs which were one basket away from defeating boston in the playoffs.
Lebron just got a 18 PPG scorer so they will be better.
My Order...
Boston
Cleveland/Philly
Detroit
Miami/Washington
toronto
By the way...Where are the Eagles blogs/articles ?
Its supposed to be the Yankees/Sixers AND Eagles ruining your life Brain...whats up man?
My Eagles coverage has been sorely lacking. It should pick up soon.
I'm not sold on Toronto. O'Neal would have to knock about 3 years off his odometer for them to be ahead of the Sixers. I'd probably put the Sixers and Detroit in #2 and #3 slots, not sure who I'd put higher. I like Maxiell, but the rest of that bench is questionable.
I wouldn't be surprised if this was Amir Johnson's breakout year. And it's true that Mo Williams does make Cleveland at least as good as us. And what about Orlando? 52 wins last season and we still haven't seen the best of Dwight Howard. Pietrus and Courtney Lee are good additions for them. If everything broke wrong, we could conceivably finish sixth.
Yup, it's hard to predict. I think we fall somewhere between 2nd and 6th definitely, probably 3rd or 4th.
enjoy your blog, check it now and again.
however, wanted to point out that your understanding of the salary cap and the use of the mid-level exception, etc. is incorrect.
from: http://members.cox.net/lmcoon/salarycap.htm#20
20. How do exceptions count against the cap? Does being under the cap always mean that a team has room to sign free agents? Do teams ever lose their exceptions?
If a team is below the cap, then their Disabled Player, Bi-Annual, Mid-Level and/or Traded Player exceptions are added to their team salary, and the league treats the team as though they are over the cap. This is to prevent a loophole, in a manner similar to free agent amounts (see question numbers 29, 30, 31, 32). A team can't act like they're under the cap and sign free agents using cap room, and then use their Disabled Player, Bi-Annual, Mid-Level and/or Traded Player exceptions. Consequently, the exceptions are added to their team salary (putting the team over the cap) if the team is under the cap and adding the exceptions puts them over the cap. If a team is already over the cap, then the exceptions are not added to their team salary. There would be no point in doing so, since there is no cap room for signing free agents.
So it is not true that being under the cap necessarily means a team has room to sign free agents. For example, assume the cap is $49.5 million, and a team has $43 million committed to salaries. They also have a Mid-Level exception for $5 million and a Traded Player exception for $5.5 million. Even though their salaries put them $6.5 million under the cap, their exceptions are added to their salaries, putting them at $53.5 million, or $4 million over the cap. So they actually have no cap room to sign free agents, and must instead use their exceptions.
Teams have the option of renouncing their exceptions in order to claim the cap room. So in the example above, if the team renounced their Traded Player and Mid-Level exceptions, then the $10.5 million is taken off their team salary, which then totals $43 million, leaving them with $6.5 million of cap room which can then be used to sign free agent(s).
The Disabled Player, Bi-Annual, Mid-Level and Traded Player exceptions may be lost entirely, or the team may never receive them to begin with. This happens when their team salary is so low that when the exceptions are added to the team salary, the sum is still below the salary cap. If the team salary is below this level when the exception arises, then the team doesn't get the exception. If the team salary ever drops below this level during the year, then any exceptions they had are lost.
For example, with a $49.5 million salary cap, assume it's the offseason, and a team has $41 million committed to salaries, along with a Mid-Level exception for $5 million, a Traded Player exception for $2.5 million, and an unrenounced free agent whose free agent amount is $2 million. Their salaries and exceptions total $50.5 million, or $1 million over the cap. What if their free agent signs with another team? The $2 million free agent amount comes off their cap, so their team salary drops to $48.5 million. This total is below the cap so the team loses its Mid-Level and Traded Player exceptions.
There is logic behind this. The whole idea behind an "exception" is that it is an exception to the rule which says a team has to be below the salary cap. In other words, an exception is a mechanism which allows a team to function above the cap. If a team isn't over the cap, then the concept of an exception is moot. Therefore, if a team's team salary ever drops this far, its exceptions go away. The effect is that a team may have either exceptions or cap room, but they can't have both.
Nice catch, and thanks for the correction. So basically, they will have all of their exceptions available to them unless they renounce to use their minimal cap space, which they obviously wouldn't do if the space they had was less than the value of the exceptions.