Geoff wastes capspace and loads on debt like a teenager at the mall with mommy's credit card, but just a little disciple, ANY discipline, and Webb $23 million becomes $23million of space you would have next summer, the summer after, the summer after.
I think there is a gap between what I understand of the salary cap and how much we can spend, vs how some of you understand it.
Let's say Webber's $23 millions come off the book next year. Do we have a fat $23 millions to spend on FA?? HELL NO. Or at least that's how I understand it:
There is a roughly $13 million gap between the salary cap and the luxury tax limit. We were over the cap but just at or slightly over the luxury tax limit for a long time, including when Webber was here.
For example, last season's salary cap is around $52 millions. The luxury tax limit is set at around $65 millions. Teams that go over $65M have to pay penalties, teams that stay under collect said penalites, and team that stay in between pay nothing and get nothing.
So the Kings, as usual, is at or near the luxury tax at around $65 millions. Now we take Webber's $23 millions off the book, which leaves us at around $42 millions.
That equates to $10 millions available funds. Why only $10 mil? Because we cannot go over the cap to sign other teams' FAs. With the cap at $52 millions, that leaves us with $10 mil spending money.
And who are we going to sign with $10 Mil? Your Joe John, Peja, and other stars are all going to cost over $10 Mil a year. Fine, maybe we can find an All-Star SG or SF, but don't expect any respectable PF or C to sign for that amount, those guys cost a lot more $$. Big men who sign for $10 mil a year are guys like Brad Miller.
Bottom line, that $23 millions off the book is NOT $23 millions of space. It's around $10 millions. What's gonna happen is we extent KMart's contract and eats into some of that cap space. Alright, we can go over the cap to sign our guys, so let's do that.
We do it smartly by using a big chunk to sign some FA first, and then go over the cap to extend KMart's salary. So what does that leave us? Over the cap again, with more long term deals locked up and still don't have a franchise player.
OR...
We don't use that $10 mil to sign a FA. But... with KMart's contract eating into that space, we actually have LESS to spend next year because of the soft cap.
So...
If you like BIG cap space. 2010 is the year. That's when Miller, KT, and SAR (and probably Moore) comes off the book. We should have a great supporting cast of Martin, Garcia, Hawes, Justin, Douby, and two other first draft picks. The way I see it, any half-donkey moves like signing borderline FAs before 2010 is bascially eqates to the signing of SAR.
And uojl, this answers your question too.