First this is a pre-arranged deal worked out by David Falk...he talks with Danny Ferry and assures that his client will be able to get an equitable deal from the Cavs. Second he talks with Geoff Petrie to get assured that his client will net him a desireable return...
Next step: Bibby opt OUT of his contract.
The Kings will re-sign Mike Bibby to a 6 year, 55 million dollar deal that will start out with a base pay of 6.5 million dollars. In return the Kings will receive Drew Gooden.
Also apart of the same deal but in a distinct trade the Kings ship off Kenny THomas for Ira Newble, David Wesley and Daniel Gibson.
The net result of the deal is:
Mike Bibby and Kenny Thomas
for
Drew Gooden, Ira Newble, David Wesley, Daniel Gibson
This does three things for the Kings:
1) It moves Kenny Thomas deal for near expiring deals and sheds 25% off of his 7.8 million dollar contract which equates to an extra 2 million dollars more or less.
2) It alters Bibby's contract from 13.5 million next season to 6.5 million(Drew Gooden's contract size). Which equates to a 7 million dollar savings on the cap.
In total the deal creates about 9 million dollars off of the Kings cap, which after the salary cap is set could give the Kings about 8-10 million dollars to spend in free agency in the summer.
I'll break down the total salaries here:
Brad Miller - 10.597402 million
Ron Artest - 7.915790 million
Shareef Abdur-Rahim - 5.8 million
Francisco Garcia - 1.1688 million
John Salmons - 4.752 million
Kevin Martin - 1.808121 million
Quincy Douby - 1.33920 million
Ira Newble - 3.4419 million
David Wesley - 1.75 million
Daniel Gibson - .687456 million
Drew Gooden - 6.453415 million
#10 pick salary = 1.958640 million
Roster salary = 47. 68 million dollars...
Anticipated salary cap is around 55-58 million dollar range...that'd equate to 7.4-10.4 million dollars to spend in free agency.
That could easily net Darko Milicic and let's assume Petrie drafts Conley or Law to replace Bibby at #10....
Or draft Green/Wright/Young at #10 and look to move Ron Artest for a better PG.
After the major FA signing, the Kings could look at using their MLE/LLE to re-sign Justin Williams and Ronnie Price.
The new Kings roster would be:
C: Brad Miller, Darko Milicic, Justin Williams
PF: Drew Gooden, Shareef Abdur-Rahim
SF: Ron Artest, Francisco Garcia, Ira Newble*
SG: Kevin Martin, John Salmons, Quincy Douby
PG: Conley/Law, Daniel Gibson, Ronnie Price, David Wesley*
Next step: Bibby opt OUT of his contract.
The Kings will re-sign Mike Bibby to a 6 year, 55 million dollar deal that will start out with a base pay of 6.5 million dollars. In return the Kings will receive Drew Gooden.
Also apart of the same deal but in a distinct trade the Kings ship off Kenny THomas for Ira Newble, David Wesley and Daniel Gibson.
The net result of the deal is:
Mike Bibby and Kenny Thomas
for
Drew Gooden, Ira Newble, David Wesley, Daniel Gibson
This does three things for the Kings:
1) It moves Kenny Thomas deal for near expiring deals and sheds 25% off of his 7.8 million dollar contract which equates to an extra 2 million dollars more or less.
2) It alters Bibby's contract from 13.5 million next season to 6.5 million(Drew Gooden's contract size). Which equates to a 7 million dollar savings on the cap.
In total the deal creates about 9 million dollars off of the Kings cap, which after the salary cap is set could give the Kings about 8-10 million dollars to spend in free agency in the summer.
I'll break down the total salaries here:
Brad Miller - 10.597402 million
Ron Artest - 7.915790 million
Shareef Abdur-Rahim - 5.8 million
Francisco Garcia - 1.1688 million
John Salmons - 4.752 million
Kevin Martin - 1.808121 million
Quincy Douby - 1.33920 million
Ira Newble - 3.4419 million
David Wesley - 1.75 million
Daniel Gibson - .687456 million
Drew Gooden - 6.453415 million
#10 pick salary = 1.958640 million
Roster salary = 47. 68 million dollars...
Anticipated salary cap is around 55-58 million dollar range...that'd equate to 7.4-10.4 million dollars to spend in free agency.
That could easily net Darko Milicic and let's assume Petrie drafts Conley or Law to replace Bibby at #10....
Or draft Green/Wright/Young at #10 and look to move Ron Artest for a better PG.
After the major FA signing, the Kings could look at using their MLE/LLE to re-sign Justin Williams and Ronnie Price.
The new Kings roster would be:
C: Brad Miller, Darko Milicic, Justin Williams
PF: Drew Gooden, Shareef Abdur-Rahim
SF: Ron Artest, Francisco Garcia, Ira Newble*
SG: Kevin Martin, John Salmons, Quincy Douby
PG: Conley/Law, Daniel Gibson, Ronnie Price, David Wesley*
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