Well the trade deadline has passed and Thomas is still a King. It appears the FO made him available, but no deals were ever worked out. So does this mean the FO is going to try and resign him or let him walk in this upcoming offseason? I don’t think it would be wise to let him walk for nothing if the FO decides to part ways with Thomas because (as many have mentioned already) it would be a talent bleed, but are the Kings able to resign him with their current cap situation?
This analysis will take into account worst case scenarios in regards to the cap. What I mean by that is I will not be factoring in the possibility that Gay will opt out and sign for less. As of now, we will have exactly $67,264,451 on our books next year. The Luxury Tax Level is estimated to be $75,700,000. That gives us $8,435,549 to work with before hitting the Luxury Tax Level. Some might say that $8,435,549 would be enough to retain Thomas; however, we have a 1st round draft pick this year who we have to sign before signing any of our Free Agents.
Currently we hold the 4th worst record in the league. If we remain the 4th worst in the league, that gives us the opportunity of landing between picks 1-7 in the 2014 draft. Using the rookie salaries from the 2013 draft, I calculated how much cap room we would have left after signing our rookie for each position in the draft (1-7).
1st pick: $3,111,269 before hitting the Luxury Tax Level
2nd pick: $3,671,789 before hitting the Luxury Tax Level
3rd pick: $4,157,549 before hitting the Luxury Tax Level
4th pick: $4,578,509 before hitting the Luxury Tax Level
5th pick: $4,942,829 before hitting the Luxury Tax Level
6th pick: $5,263,229 before hitting the Luxury Tax Level
7th pick: $5,539,589 before hitting the Luxury Tax Level
As you can see , we don't have much room to offer Thomas a contract. I also calculated how big of a contract we could offer him for each pick (using a 4 year contract with 7.5% raises each year).
1st pick: $13,916,463 over 4 years / average of $3,479,116 per year
2nd pick: $16,423,625 over 4 years / average of $4,105,906 per year
3rd pick: $18,596,392 over 4 years / average of $4,649,098 per year
4th pick: $20,479,313 over 4 years / average of $5,119,828 per year
5th pick: $22,108,888 over 4 years / average of $5,527,222 per year
6th pick: $23,542,012 over 4 years / average of $5,885,503 per year
7th pick: $24,778,149 over 4 years / average of $6,194,537 per year
Are any of the contracts large enough to keep Thomas in Sacramento? I hope so because that would mean he’s making sixth man money. We wouldn’t be able to offer him starters’ money without going into the Luxury Tax.
Now one thing I realized about the Thornton trade is that it might make it easier to resign Thomas. It gave us $956,034 in cap space next season, and it gave us one less roster spot to fill. After signing Thomas, we would have the minimum 13 man roster rather than having to sign another player who would take up more space.
One more thing we can do to save some space is to trade one of our expirings for a late 2nd round pick. Acy and Evans are probably the most attractive given how much they make, but since this is a worst case scenario, we'll use Acy as the man traded away. Peyton Siva was the 56th draft pick last year and he makes $490,180 this year. I'm going to assume our 2nd round draft pick will make the same amount of money in this scenario. Acy's contract ($915,243) minus our 2nd Round Draft Pick ($490,180) would be $425,063 saved. It's not much, but every dollar counts.. This is what the cap situation will look like:
1st pick: $3,536,332 before hitting the Luxury Tax Level
2nd pick: $4,096,852 before hitting the Luxury Tax Level
3rd pick: $4,582,612 before hitting the Luxury Tax Level
4th pick: $5,003,572 before hitting the Luxury Tax Level
5th pick: $5,367,892 before hitting the Luxury Tax Level
6th pick: $5,688,292 before hitting the Luxury Tax Level
7th pick: $5,964,652 before hitting the Luxury Tax Level
And we would be able to offer Thomas these contracts:
1st pick: $15,817,736 over 4 years / average of $3,954,434 per year
2nd pick: $18,324,898 over 4 years / average of $4,581,224 per year
3rd pick: $20,497,665 over 4 years / average of $5,124,416 per year
4th pick: $22,380,586 over 4 years / average of $5,595,146 per year
5th pick: $24,010,161 over 4 years / average of $6,002,540 per year
6th pick: $25,443,285 over 4 years / average of $6,360,821 per year
7th pick: $26,679,422 over 4 years / average of $6,669,855 per year
This gives us more leeway while negotiating with Thomas. If we did resign Thomas and trade Acy, our lineup would look like this:
PG – Thomas/McCallum
SG – McLemore/Terry
SF – Gay/Williams/Outlaw
PF – Thompson/Landry
C – Cousins/Evans
And a 2014 1st & 2nd Round Draft Pick
The FO could also shop a player on draft day to try and free up more space if they need to. If they wanted to trade Williams for a late 1st rounder, we would have more cap space for Thomas and Acy or Thomas and possibly a MLE player (Jordan Hill or Ed Davis would be nice targets assuming we didn't draft a shotblocker and that we plan on moving Landry at some point in the future) depending on how much Thomas’ contract would cost.