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Mike
256 posts

Mike
@mikenbacba
NBA salary cap + front office strategy through a finance lens
Katılım Temmuz 2011
594 Takip Edilen194 Takipçiler

Five guys (Barnes, Ingram, Quickley, Barrett, Poeltl) eat ~$165M next season. That's basically the entire cap on a team that couldn't get out of the first round. Big question marks about Poeltl's play as well as Ingram's fit.
The CBA punishes mediocre ones with expensive cores and Toronto seems to be that right now.
The path out is narrow. Maybe the draft hands them a real prospect. Maybe Ja'Kobe Walter or CMB become something more. Maybe Scottie can take it to another level.
Player development needs to do the work for the Raptors. Hard to improve the team without that happening.
Bobby Marks@BobbyMarks42
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Whoever runs the Bulls walks into 8 guaranteed contracts for 26-27 and roughly $59M in projected cap room.
However, they don't have many assets. They own their own first round pick in 2026, plus Portland's pick that's lottery protected. After that it's second rounders for days.
You can't trade your way to a star without taking back salary you don't have outgoing money to match so either they move vets on clean deals like Tre Jones (3/$24M), Isaac Okoro, or Jalen Smith or use their cap room to absorb bad money for picks and accumulate assets.
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Orlando is above first apron but below the second. That means no NTMLE (~$15M), just the Tax MLE ($6.1M). They can aggregate in trades but the margins are razor-thin. One bad move and they cross the second apron, triggering the aggregation ban and the draft pick penalty.
This is what it looks like when a team pays its young stars and the bill comes due. Wagner, Banchero, Bane, and Suggs are the long-term core. But the CBA is squeezing the roster around them. The only pick is 46th. The only exception is $6.1M.
Bobby Marks@BobbyMarks42
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Boston at $188M with five trade exceptions totaling $45M is a war chest hiding in plain sight.
The $27.7M TPE alone can absorb an All-Star caliber player without sending a single dollar back. Add the $8.2M and $4.7M exceptions and Boston can add three rotation players through trades using only exceptions.
Tatum and Brown are locked in. White at $17M remains one of the best value contracts in the league. Pritchard off the bench at a fraction of what comparable scorers make.
The roster has two gaps: center (Queta on a team option is a placeholder) and wing depth behind Tatum and Brown. The $27.7M TPE is perfectly sized to address the center position.
Boston's front office has spent three years turning departing players into trade exceptions instead of dead money. That discipline is now paying off in the form of $45M in cap-free acquisition tools during a championship window.
Bobby Marks@BobbyMarks42
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Houston has $188M in salary, is under the tax and has their NTMLE ($15M) and BAE ($5.5M) available. That's a contending team with full roster-building tools.
KD at 38 and FVV is 32... alongside Amen Thompson, Sengun, Jabari Smith, and Sheppard is a timeline mismatch. KD's window is now. The young core's window is 2028-2032. Houston is trying to compete in both simultaneously.
The issue it that Houston has only one second-rounder. If the KD window closes without a title, Houston doesn't have the draft capital safety net to reload.
Bobby Marks@BobbyMarks42
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Number 4 on the Dart Board

Simon Rath@HawksDraftNerd
Whoever was stupidly high on him pre-draft was 100% right.
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Jokic is likely signing a 4-year $278M extension this summer, which is the 35% supermax. Pretty easy decision, but Denver is already bumping up against the second apron.
Once you're there: no aggregating contracts in trades, no traded player exceptions from the prior year, first round pick frozen 7 years out. You basically can't improve the team anymore.
So Denver's path forward is minimum deals, young cheap guys, and hoping for health in the playoffs with their current squad.
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@IAmAaronWill How do you get it to scrape X? I thought that was pretty difficult
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Denver is above the second apron and just got beat by a depleted Timberwolves team without 3 of its best players.
They'll likely need to get off of Cam Johnson or Christian Braun to re-sign Peyton Watson and THJ. Not much they can do other than run it back next year and hope Aaron Gordon and Peyton Watson are healthy for the playoffs.
Denver's window is closing rapidly.
Bobby Marks@BobbyMarks42
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Atlanta might be running the best quiet rebuild in the league. They're sitting under the tax with a lottery pick in a generational draft, four trade exceptions totaling $24.5M, the NTMLE ($15.1M), and the BAE ($5.5M).
Dyson, JJ, and Okongwu are all 24 or younger and locked in on team-friendly deals. JK on a team option gives them flexibility to keep or decline based on fit.
Atlanta has the cap positioning of a rebuilding team, the draft capital of a tanking team, and a young core that's pretty competitive.
Bobby Marks@BobbyMarks42
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The 3-2-1 lottery flips the incentive structure. Worst three teams get fewer balls AND a floor of 12th pick. You tank into a worse draft position. That's the whole point. Owners vote May 28.
The cap angle nobody's talking about: draft picks are options. Cheap, controlled cost, high upside. If tanking for a top pick gets harder, the value of existing young contracts and mid-lottery picks goes up. Teams already built right benefit most.
Also worth watching: the sunset clause expires with the current CBA in 2029. This isn't permanent. The league is buying time to see if it works before the next labor deal locks anything in.

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Portland has zero draft picks in June. With $171M in salary, full exception access, and absolutely no way to add cheap young talent through the draft. The NTMLE ($15M) and BAE ($5.5M) are their only external acquisition tools beyond trades.
The roster is interesting though. Holiday and Lillard in the backcourt. Clingan developing at center. Camara as a the primary on ball defender. Avdija as the fringe all-star. Sharpe and Scoot as upside swings off the bench.
This is a team that's decided it's done rebuilding. No picks means they're betting the current roster plus marginal additions can compete. The question is whether a Holiday/Lillard backcourt can turn back the clock for another year or two.
Bobby Marks@BobbyMarks42
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Phoenix traded KD, stretched Beal, blew up the super-team experiment, and somehow still ended up at $184M with no first-round pick.
The Beal stretch is eating ~$19M/yr in dead money. That ghost contract plus Booker's $54M supermax consumes $73M on one active player and one who doesn't play here anymore.
Jalen Green and Khaman Maluach are the new building blocks. But with no first-round pick and only a 47th overall selection, the Suns are adding talent through exceptions alone. NTMLE ($15M) and BAE ($5.5M) get you two role players, not a second star.
Phoenix won't have a clean cap sheet until 2030. Every offseason between now and then starts with $19M already spoken for before a single decision is made.
Bobby Marks@BobbyMarks42
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Charlotte at $158M with picks 14, 17, and potentially 16 or 18 is sitting on a draft capital goldmine.
LaMelo, Miller, and Knueppel are locked in. The NTMLE ($15M) and three trade exceptions ($8.2M, $7M, $2.3M) give them the full toolkit.
The smart play: package one of those mid-first picks with Bridges and a TPE to trade up or target a specific player (Bam?). Or use all three picks and flood the roster with cheap rookie contracts, the same volume approach OKC used to build their war chest.
Bobby Marks@BobbyMarks42
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The Clippers' offseason card reads like a team with options. $162M in salary. NTMLE. BAE. Full exception access.
However, no first-round pick. Their only draft selection is 36th (and maybe Indiana's pick if it lands 5 or 6). Kawhi is 35 and has played 74 games in the last two seasons combined. Beal has a player option nobody wants him to exercise. Brook Lopez and Batum are on team options in their late 30s.
Garland is the one asset with real value. 26 years old, under contract, proven All-Star. But he's making ~$38M on a team that isn't contending. His timeline doesn't match Kawhi's body.
The Clippers have two paths. Bet on Kawhi being healthy (history says no), or trade Garland and Kawhi's expiring to a contender for picks and start over. The problem with starting over: they don't own their own future firsts.
This is what happens when you trade all your picks for Paul George and it doesn't work. The bill comes due years later, and you're paying full price with no draft capital to rebuild.
Bobby Marks@BobbyMarks42
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Miami has $173M in salary. NTMLE ($15M). BAE ($5.5M). A $16.9M trade exception. A lottery pick and pick 41. Herro, Bam, and Ware locked in as the core. They can utilize the draft, free agency, and trades to build a better team next year.
The heat need a star guard to push them back into contention. If they can sneak into the top 10 and get someone like Acuff, Brown, or Philon they would be in a great spot.
Bobby Marks@BobbyMarks42
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Washington has a top pick in this year's draft, $26.8M and $13.5M in trade exceptions, the full NTMLE, and $15M under the tax.
The $26.8M trade exception is significant. They can absorb a $26.8M player without sending any salary back. Potentially adding someone like Myles Turner.
Without a doubt the Wizards need to draft someone that can create, shoot, and defend next to Trae. Peterson would be a great fit here.
Bobby Marks@BobbyMarks42
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Sacramento is $3M above the second apron. That's the worst place to be in the NBA.
At $225M they can't aggregate salaries in trades, can't send cash, can't use prior-year trade exceptions, and their first-round pick 7 years out just got frozen.
They have the 4th pick in a generational draft and almost no tools to build around whoever they take. The Tax MLE ($6.1M) is their only signing exception. That's a backup-caliber player.
The entire offseason hinges on LaVine's player option. If he declines, ~$30M comes off the books and Sacramento drops below the second apron. If he opts in, the Kings are stuck paying second apron penalties on a team that isn't contending.
The Kings traded Fox to reset. Instead they're deeper into the apron than they were before.
Bobby Marks@BobbyMarks42
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New Orleans is paying luxury tax on a 26-win team. $203M in salary with a 58th overall pick as their only draft selection.
How did they get here? Last summer they traded their unprotected 2026 first-round pick AND the 23rd overall pick to Atlanta just to move up 10 spots for Derik Queen at 13. In a draft class with 9-ish potential all-star level players, that pick is projected in the top 8.
They bet the future on Queen being their franchise big. If he's not, this trade could be looked upon as quite disastrous.
Bobby Marks@BobbyMarks42
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Utah is $17M under the cap with the 4th pick in a loaded draft. On paper, this looks great.
But name a top-20 player on this roster. George and Bailey are promising but unproven. Markkanen is a good starter, not a franchise cornerstone. JJJ is a defensive anchor but not a number one option.
The 4th pick in this class (Peterson, Dybantsa, or Boozer) could change that. Or Utah could package the pick with Markkanen's expiring to trade for an established star who actually moves the needle.
Either they bet on the 4th pick becoming a franchise guy, or use it as currency to go get one.
Bobby Marks@BobbyMarks42
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