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Laker's Fan
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Joined: 27 Jun 2002
Posts: 13229
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 Posted: Fri Jun 28, 2024 10:45 am Post subject: |
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Very nice content Vas!!!
| Quote: | 2nd Apron Triggers:
•Aggregation of players in trade even without the use of a trade multiplier (ie using 100% multiplier where equal or less incoming salary is received compared to what was sent out, but with >1 outbound player involved); if 2 or more players are traded together where their salaries are combined to salary match for another, then that team is now hardcapped at the 2nd Apron for the remainder of the season |
I could be missing something. But looking at the CBA, since this 2nd Apron hard cap trigger is based on using the "Aggregated Standard Player Exception", I think there is a $250k buffer on matching when using this exception. That would be the space allowed to keep the cap at the 2nd Apron instead of the 1st, which becomes the cap above that margin via use of the Expanded Traded Player Exception.
| Quote: | Aggregated Standard Traded Player Exception. Subject to the rules set forth in Section 2(e) above, a Team may use the “Aggregated Standard Traded Player Exception” to replace two (2) or more Traded Players with one (1) or more Replacement Players whose Player Contracts are acquired
simultaneously and whose post-trade Salaries for the then-current Salary Cap Year, in the aggregate, are no more than an amount equal to one hundred percent (100%) of the aggregated pre-trade Salaries of the Traded Players, plus $250,000. |
I'm not certain of this, mainly b/c that isn't how it has typically been reported. But curious if you have thoughts on this.
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dcarter4kobe
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Joined: 30 Jul 2005
Posts: 18134
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| Posted: Fri Jun 28, 2024 12:02 pm Post subject: |
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I usually can follow the CBA pretty well. But man this 2nd apron has me confused when it comes to trades.
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miggz23
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Joined: 29 Nov 2018
Posts: 7792
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| Posted: Fri Jun 28, 2024 2:38 pm Post subject: |
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| dcarter4kobe wrote: | | I usually can follow the CBA pretty well. But man this 2nd apron has me confused when it comes to trades. |
Yea I think the question now... How much paycut does Lebron have to take so we can open up the Fmle?
Around $10m-$15m will do it? |
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markjay
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Joined: 12 Feb 2006
Posts: 3929
Location: O.C.
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| Posted: Sat Jun 29, 2024 6:53 am Post subject: |
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(1) Can we re-sign Christie and Prince and stay under the second apron?
(2) And if we do so, will that put us over the 15-player limit? Can we dump Lewis and/or Reddish or push Lewis or Bronny to g-league or 2-way?? |
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nutella
Starting Rotation
Joined: 23 Jun 2005
Posts: 605
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| Posted: Sat Jun 29, 2024 10:19 am Post subject: |
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| miggz23 wrote: | | dcarter4kobe wrote: | | I usually can follow the CBA pretty well. But man this 2nd apron has me confused when it comes to trades. |
Yea I think the question now... How much paycut does Lebron have to take so we can open up the Fmle?
Around $10m-$15m will do it? |
There's a long Kevin Smith X post that says it's about +$16m. Maybe someone on lg can check his work 🤔
https://x.com/keithsmithnba/status/1807101019584700605?s=46 |
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tox
Franchise Player
Joined: 16 Nov 2015
Posts: 18963
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| Posted: Sun Jun 30, 2024 7:27 am Post subject: |
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| miggz23 wrote: | | dcarter4kobe wrote: | | I usually can follow the CBA pretty well. But man this 2nd apron has me confused when it comes to trades. |
Yea I think the question now... How much paycut does Lebron have to take so we can open up the Fmle?
Around $10m-$15m will do it? |
It's a big paycut pending decisions on Christie and Prince.
However, if the Lakers make a trade where more salary goes out than in, then the paycut gets smaller. |
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vasashi17+
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Joined: 13 Dec 2019
Posts: 5851
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| Posted: Sun Jun 30, 2024 2:04 pm Post subject: |
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Apologies that I can only stick my head above ground for just a little bit before I submerge myself in vacay mode again. I hope to return back in full form by mid-July, so it appears I’m gonna miss all the good stuff. But I’ll try to get the necessary updates up ASAP…however I’m not sure if I’ll be able to address any of your questions in a timely manner. So I’m really sorry for that, but if any cap head has the time to do it, I really hope everybody’s questions/concerns/inquiries can be addressed in a timely manner, if not by me, then others from our LG community.
Anyways, seems like the early cap projections are were a little inflated. Here are the actual amounts:
Actual Salary Cap figures for 2024/25 Season reflect a 3.37% increase from previous year
•Cap: 140.59m
•Tax: 170.81m
•1st Apron: 178.13m
•2nd Apron: 188.93m
•Tax-Payer MLE: 5.17m for up to 2yrs
-using it triggers the 2nd Apron, which effectively hardcaps a team at 190m
-this is the only exception resource that is restricted towards just free agents; meanwhile all the other exceptions are for the first time this offseason permitted to be used towards trading for players that are already on salaried deals.
•Non Tax-Payer MLE: 12.82m for up to 4yrs
-using it triggers 1st Apron, which effectively hardcaps a team at 179m
-no longer restricted towards just free agents & can be used to trade for player(s) on existing contracts totaling up to 12.9m next year
•BiAnnual Exception: 4.65m for up to 2yrs
-using it triggers 1st Apron & can’t be used in consecutive seasons (ie Lakers won’t have access to this resource this summer due to using BAE on Prince this past summer; as a result, the next available opportunity to potentially use this resource will be the 2025 offseason)
-no longer restricted towards just free agents & can be used to trade for player(s) on existing contracts totaling up to 4.7m next year
•RoomMLE: 7.98m for up to 3yrs
-no longer restricted towards just free agents & can be used to trade for player(s) on existing contracts totaling up to 8m next year
•2nd Round exception (SRE): 1.16m - 2.09m based respectively on whether it is a 3 or 4 year deal with the final year being a team option
•35% max (10+ seasoned player): 49.26m
•30% max (7-9 seasoned player): 42.18m
•25% max (0-6 seasoned player): 35.2m
•Rookie min / incomplete roster charge: 1.16m
•Vet min: 2.09m (only 2 seasoned player cap hit applies w/ difference paid by the league)
•Trade Purse (5.15% of cap): 7.24m
https://x.com/NBAPR/status/1807518174847324616
Roster as of June 30, 2024 (eve of Free Agent moratorium)
1. AD 43.22m
2. DLo 18.69m (player opt-in)
3. Rui 17m
4. Reaves 12.98m
5. Gabe 11m
6. Vando 10.71m
7. MaxC 7.14m
8. JHS 3.88m
9. Knecht 3.82m (#17 pick)
10. Wood 3.04m (player opt-in)
11. Cam 2.46m (player opt-in)
12. Hayes 2.46m (player opt-in)
13. MaxL 1.89m
14. Bronny 1.16m (SRE)
= 139.45 in team salary
….with 1.14m in cap space
….with 38.68m in wiggle before 1st Apron hardcap if triggered; use of 12.82m ntpMLE only leaves 25.86m in wiggle but trade must be done to open up roster spot
….with 49.48m in wiggle before 2nd Apron hardcap if triggered; use of 5.17m tpMLE only leaves 44.31m in wiggle but trade must be done to open up roster spot
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LaxT
Star Player
Joined: 23 Sep 2002
Posts: 2561
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| Posted: Sun Jun 30, 2024 11:37 pm Post subject: |
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| If LBJ plans to play this season as his last, signs for, say, 2yr/50m, and retires after one season, could he collect salary for year 2, and how would that affect 2025-26 cap? |
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vasashi17+
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Joined: 13 Dec 2019
Posts: 5851
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| Posted: Wed Jul 03, 2024 10:41 pm Post subject: |
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@LF: nice find bro and thx for the correction. So it appears that trades past the 1st Apron has the slightest of leeway with that 250k buffer within 100% salary matching in aggregate trade. Hey, it’s something.
@LT: I’ll try to get to everybody’s questions (that weren’t already answered) in a in bit, but since my guy brought up Bron and his new contract is now revealed, let’s get to that right now.
With Bron’s new deal, it appears the player option portion on his 2nd year will allow him the ability to select a retirement route whether it be just a 1yr or 2yr scenario. Either way, the cap is projected to climb up the max 10% for the 2025/26 season, so we’re looking at a safe projection of 154.65m for that season. The Lakers as of now with Bron & AD for that season project to have a team salary of 183.35m…so we be capped out and would roughly have 25m in wiggle before hitting a projected 207.82m 2nd Apron. Obviously, since we are projected to be capped out for the 2025/26 season, the only way to “add” that 25m in salary wiggle is via trade.
Roster as of July 3, 2024
1. Bron 49.99m (new 2yr max deal)
2. AD 43.22m
3. DLo 18.69m (player opt-in)
4. Rui 17m
5. Reaves 12.98m
6. Gabe 11m
7. Vando 10.71m
8. MaxC 7.14m (new RFA 4yr deal)
9. JHS 3.88m
10. Knecht 3.82m (#17 pick projected rookie deal)
11. Wood 3.04m (player opt-in)
12. Cam 2.46m (player opt-in)
13. Hayes 2.46m (player opt-in)
14. MaxL 1.89m
15. Bronny 1.16m (SRE deal)
= 189.44m in team salary with a maxed out 15 man roster
….capped out with no cap space
….in breach of 178.13m 1st Apron by 11.31m and banned from using 12.82m ntpMLE unless at least ~25m in salary is shed
….in breach of 188.93m 2nd Apron by 510k and banned from using 5.17m tpMLE unless at least ~6m in salary is shed
Note: At 9am PT on July 6th, the FA moratorium comes to an end and the new salary cap figures and the associated new deals officially go into effect. At that time, Bron and/or MaxC’s new annuals may be adjusted slightly below the above value estimates to keep us at or just below the 2nd Apron in case we trigger it as our hard cap for the remainder of the 2024/25 season.
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Hanging from Rafters
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Joined: 31 Jul 2018
Posts: 5197
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| Posted: Sat Jul 06, 2024 12:29 pm Post subject: |
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LBJ giving such a huge discount to make the full MLE available was a long shot but still, Rob should have called his bluff. Hopefully he will give the ~$6m discount such that the tpMLE can be used even if they have to waive one of the vet min guys to free up a roster spot. The discount could…if the tpMLE isn’t used…be used to add another vet min buyout guy as well if creating a roster spot required waiving an existing vet min.
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vasashi17+
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Joined: 13 Dec 2019
Posts: 5851
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| Posted: Sat Jul 06, 2024 10:20 pm Post subject: |
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Roster as of July 6, 2024
1. Bron 48.73m (new 2yr ~max deal)
2. AD 43.22m
3. DLo 18.69m (player opt-in)
4. Rui 17m
5. Reaves 12.98m
6. Gabe 11m
7. Vando 10.71m
8. MaxC 7.14m (new RFA 4yr deal)
9. JHS 3.88m
10. Knecht 3.82m (#17 pick projected rookie deal)
11. Wood 3.04m (player opt-in)
12. Cam 2.46m (player opt-in)
13. Hayes 2.46m (player opt-in)
14. MaxL 1.89m
15. Bronny 1.16m (SRE deal)
= 188.18m in team salary with a maxed out 15 man roster
….capped out with no cap space
….in breach of 178.13m 1st Apron by 10.05m and banned from using 12.82m ntpMLE unless at least ~23m in salary is shed
….just 750k in wiggle before hitting the 188.93m 2nd Apron (just 50k in wiggle if accounting for DLo’s 700k unlikely incentive) and banned from using full 5.17m tpMLE unless at least ~5.5m in salary is shed
Estimated repeater taxes for being 18.22m in breach of 170.81m tax threshold = 57.44m
| Quote: | James' salary allowed the Lakers to avoid the second apron by $45,000, sources told Marks, which would allow L.A. to avoid having its 2032 first-round pick be frozen from being included in a trade next summer as a penalty for carrying a total roster salary well above the salary cap.
Rob Pelinka, the Lakers' vice president of basketball operations and general manager, referenced the punitive nature of the league's new collective bargaining agreement earlier in the week at the introductory news conference for James' eldest son, Bronny, who L.A. selected with the No. 55 pick in the NBA draft.
"We're now in the apron world," Pelinka said. "We've seen contending teams or championship-level teams have to lose players. That's a result of the apron world we're living in. So, does it make trades more challenging? Yes. Does it make good trades impossible? No. So we'll continue to pursue upgrades to our roster."
If L.A.'s total roster compensation came in north of $190 million for the 2024-25 season, the Lakers would be unable to take back more salary in a trade in aggregate than it sent out, shutting off potential deals that didn't fit into the rigid math -- another penalty associated with the second apron.
https://www.espn.com/nba/story/_/id/40511316/lebron-helps-lakers-cap-signing-max-deal
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governator
Retired Number
Joined: 28 Jan 2006
Posts: 25975
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| Posted: Sun Jul 07, 2024 4:40 am Post subject: |
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Is Cam+Wood enough to open up tpMLE?
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bkt4208
Starting Rotation
Joined: 19 Nov 2020
Posts: 449
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| Posted: Sun Jul 07, 2024 7:20 am Post subject: |
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Where Pelinka really messed up is his negotiating last offseason where he gave player options to every damn person he signed....
and now he has to likely swallow that pill and unload assets just to move them and create enough space to use our MLE, open up roster spots and perhaps add some minimum guys to the roster... |
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vasashi17+
Star Player
Joined: 13 Dec 2019
Posts: 5851
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| Posted: Sun Jul 07, 2024 10:44 am Post subject: |
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@Gov: Cam or Hayes (2.46m) + Wood (3.04m) would lead to a net 5.5m in outbound salary leading to total team salary being 182.68m (183.38m when accounting for DLo’s 700k unlikely incentive). When accounting for DLo’s incentive, the wiggle available would be 5.55m, meaning that if we use the 5.17m hardcap triggering tpMLE, we’d still have roughly 380k in wiggle once that 2nd Apron hardcap comes into effect after using the full tpMLE.
Note there are some funky new rules that apply to aggregating vet min deals. However if it is just 2 vet min contracts that are aggregated & outbound, it seems we should be fine in classifying that as a legal trade.
| Quote: | There will be a cap on how many minimum contracts can be thrown into a deal when that deal is done at any time except for Dec. 15 through the trade deadline. In deals outside that period, if a team is aggregating two or more salaries in a trade and getting at least one player back, and the number of contracts that team is sending out is more than the amount of players it is receiving in return, then that team cannot trade more than one minimum contract. But a team can aggregate two minimum deals if they are the only contracts the team is sending out.
https://www.nytimes.com/athletic/4607105/2023/06/28/nba-cba-new-rules/
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vasashi17+
Star Player
Joined: 13 Dec 2019
Posts: 5851
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| Posted: Wed Jul 10, 2024 9:55 am Post subject: |
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BUMPING the Q&A with appropriate edits (please notify me with corrections or further edits if necessary, thx)....
2024 OFFSZN PRIMER
Please present in this thread any questions, inquiries, corrections, requests (like examples to illustrate a point) that are not addressed below and either I or a fellow caphead will get to it.
Also note that current salary cap projections could change heading into the next cap year beginning on June 30th, so I will do my best to edit this Q&A to reflect the current numbers even though I anticipate being out of town during that period of the summer. Please try to be patient with me. Thanks!
So what are the numbers that we are currently looking at for the 2024/25 season?
We now know that the actual salary cap numbers reflect a 3.37% increase from last season. The actual projections are presented below...
•Cap: 140.59m
•Tax: 170.81m
•1st Apron: 178.13m
•2nd Apron: 188.93m
•Tax-Payer MLE: 5.17m for up to 2yrs
-using it triggers the 2nd Apron, which effectively hardcaps a team at 190m
-this is the only exception resource that is restricted towards just free agents; meanwhile all the other exceptions are for the first time this offseason permitted to be used towards trading for players that are already on salaried deals.
•Non Tax-Payer MLE: 12.82m for up to 4yrs
-using it triggers 1st Apron, which effectively hardcaps a team at 179m
-no longer restricted towards just free agents & can be used to trade for player(s) on existing contracts totaling up to 12.9m next year
•BiAnnual Exception: 4.65m for up to 2yrs
-using it triggers 1st Apron & can’t be used in consecutive seasons (ie Lakers won’t have access to this resource this summer due to using BAE on Prince this past summer; as a result, the next available opportunity to potentially use this resource will be the 2025 offseason)
-no longer restricted towards just free agents & can be used to trade for player(s) on existing contracts totaling up to 4.7m next year
•RoomMLE: 7.98m for up to 3yrs
-no longer restricted towards just free agents & can be used to trade for player(s) on existing contracts totaling up to 8m next year
•2nd Round exception (SRE): 1.16m - 2.09m based respectively on whether it is a 3 or 4 year deal with the final year being a team option
•35% max (10+ seasoned player): 49.26m
•30% max (7-9 seasoned player): 42.18m
•25% max (0-6 seasoned player): 35.2m
•Rookie min / incomplete roster charge: 1.16m
•Vet min: 2.09m (only 2 seasoned player cap hit applies w/ difference paid by the league)
•Trade Purse (5.15% of cap): 7.24m
https://x.com/NBAPR/status/1807518174847324616
| Quote: |
New NBA salary cap is $140,588,000
Luxury Tax: $170,814,000
First Apron: $178,132,000
Second Apron: $188,931,000
https://x.com/wojespn/status/1807518430570131821
-------------------------------------------------------------------------------------
The NBA informed teams that it has set the 2024-25 salary cap: $140,588,000 million; Luxury tax: $170,814,000. Slightly less than $141M prior salary cap estimation.
https://x.com/ShamsCharania/status/1807518279331647614 |
What's a hardcap? Why are there multiple hardcaps? What triggers the hardcaps?
A hardcap is the allowable max a team's salary can reach before violation for the remainder of that particular season. Any transaction that breaches a specified hard cap triggered by a team's previous actions is a violation and cannot be conducted.
Due to having a 1st & 2nd Apron, there are two hardcap amounts that will be enforced based on which gets triggered by a specific team. A team must adhere to that amount in team salary for the remainder of that particular season.
1st Apron Triggers:
•Acquiring a S&t’d player
•Using ntpMLE
•Using BAE
•Aggregation of player(s) in trade using any trade multiplier towards salary matching (200% + 250k, 100% + 7.5m, 125% + 250k) where incoming salary is greater than what that team sent out
•Signing “buyout” player during the season that had a previous contract salary greater than the given ntpMLE value for that season (ie any would be free agent that was bought out from a >12.9m cap hit for the 2024/25 season)
•Using an existing non-expired TPE to trade for player(s) in a non-simultaneous trade
2nd Apron Triggers:
•Using tpMLE
•Aggregation of players in trade even without the use of a trade multiplier (ie using 100% multiplier where equal or less incoming salary is received compared to what was sent out, but with >1 outbound player involved); if 2 or more players are traded together where their salaries are combined to salary match for another, then that team is now hardcapped at the 2nd Apron for the remainder of the season
•Sending out a S&t’d player and/or trading for a player that was previously used as an outgoing S&t’d player
•Use of cash in a trade
•Use of a FRP 7 years out in a trade
Would trading for a 3rd max player to pair with Bron & AD hardcap us at any of the aprons?
Yes, if a trade multiplier is used (1st Apron trigger) where more incoming salary is received than outgoing salary departs and/or multiple players are aggregated even without a trade multiplier (2nd Apron trigger); it will also cost ownership a pretty penny in taxes due to us potentially being a repeat tax offender due to having 3max players on our books.
When do the new tax laws come into effect?
The new more punitive tax laws will begin to apply towards the 2025/26 season. This means teams will have just the upcoming 2024/25 season to get their cap affairs in order. IMHO this will allow teams that have enough wiggle underneath the 2nd Apron to acquire additional salary dump type contracts from teams looking to shed salary and associated taxes by that 2025/26 season. The new tax bands are displayed below and note that 10m above the tax line (ie the 3rd tax band) reflects far more punitive tax rates than what we saw in the previous CBA.
| Quote: | Current Tax bands that will expire at the end of 2024/25 season
Non-repeater Tax / Repeater Tax rates are as follows (total tax amounts for that tier are within parentheses) :
$0 - 4.99m ———> 1.5 (7.5m) / 2.5 (12.5m)
$5m - 9.99m ——> 1.75 (8.75m) / 2.75 (13.75m)
$10m - 14.99m —> 2.5 (12.5m) / 3.5 (17.5m)
$15m - 19.99m —> 3.25 (16.25m) / 4.25 (21.25m)
$20m - 24.99m —> 3.75 (18.75m) / 4.75 (23.75m)
$25m - 29.99m —> 4.25 (21.25m) / 5.25 (26.25m)
$30m - 34.99m —> 4.75 (23.75m) / 5.75 (28.75m)
$35m - 39.99m —> 5.25 (26.25m) / 6.25 (31.25m)
$40m - 44.99m —> 5.75 (28.75m) / 6.75 (33.75m)
$45m - 49.99m —> 6.25 (31.25m) / 7.25 (36.25m)
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| Quote: | Tax bands that will go into effect for the 2025/26 Season
Non-repeater Tax / Repeater Tax rates are as follows (total tax amounts for each band are within parentheses) :
$0 - 4.99m ———> 1.00 (5m) / 3.00 (15m)
$5m - 9.99m ——> 1.25 (6.25m) / 3.25 (16.25m)
$10m - 14.99m —> 3.50 (17.5m) / 5.50 (27.5m)
$15m - 19.99m —> 4.75 (23.75m) / 6.75 (33.75m)
$20m - 24.99m —> 5.25 (26.25m) / 7.25 (36.25m)
$25m - 29.99m —> 5.75 (28.75m) / 7.75 (38.75m)
$30m - 34.99m —> 6.25 (31.25m) / 8.25 (41.25m)
$35m - 39.99m —> 6.75 (33.75m) / 8.75 (43.75m)
$40m - 44.99m —> 7.25 (36.25m) / 9.25 (46.25m)
$45m - 49.99m —> 7.75 (38.75m) / 9.75 (48.75m)
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Also note that the minimum team salary (MTS) is 90% of the projected cap (ie 126.5m) and this number must be met or greater by the first day of the season. Gone are the days of moneyball and teams will now have to make sure their books get loaded up till at least 90% capacity of the salary cap. Failure to do so will result in teams paying the league of all its players (not just the team’s own players) the difference necessary to get back to 90% capacity of the cap. Teams that used to minimize team payroll would then eagerly accept the tax distribution payouts. However in this new CBA, teams that are under MTS will now get no tax distributions. So teams are encouraged to spend on team payroll, which is another reason we could see some salary dump type moves this or year.
What are the details of our draft capital & what can we still trade?
Draft inventory
2024: #17 overall (our own FRP sticks with us after NO decided to claim out 2025 FRP instead; #55 overall (ie cLip 2nd round pick)
2025: our 2nd round pick & clips 2nd round pick
2026: our 1st round pick
2027: our 1st round pick if it falls within top 4; our 2nd round pick if our 1st conveys to Utah by falling within #5-30
2028: our 1st round pick
2029: our 1st round pick
2030: our 1st round pick; our 2nd round pick
2031: our 1st round pick; our 2nd round pick
Tradable draft capital
•#17 pick can be traded after the draft concludes and will count as $0 in salary aggregation if traded within a 30 day window of when player first signs his contract; if traded outside that 30 day window, player will count as 3.8m towards salary aggregation
•cLips' 2024 2nd rounder (#55 overall)
•our & cLips' 2025 2nd rounders
•our 2027 1st rounder only if it lands in the top 4, in which case our 2027 2nd rounder can no longer be offered in trade since it wound then be going to Utah
•our 2029 or 2030 1st rounder; but not both
•our 2031 1st rounder; only if our 2030 FRP is not involved in a previous trade
•1st round pick swaps on FRPs not involved in previous trades or hypothetically not involving the up to 3.5 picks we can offer this offseason involving #17 after the 2024 Draft, ‘27 (top 4 only), ‘29, ‘31 (aka 3 swaps can be offered on ‘26, ‘28, & ‘30)
What dates do we have to pay attention to as we head past the NBA Finals?
Key Dates
•June 26th 5pm PT: NBA Draft - 1st Round; #17 is officially ours now…till its not…
•June 27th 1pm PT: NBA Draft - 2nd Round; #55 can be given the SRE for either a 3 or 4 year deal and like our 1st rounder, would be trade eligible 30 days after putting pen to paper
•June 29th: Bron, DLo, Cam & Hayes player option deadline to either opt in or opt out and become unrestricted free agents (UFA); MaxC must be given a qualifying offer (QO) by this date to make him our restricted free agent (RFA), which would give us the ability to retain him by matching another team's offer sheet by 9am PT on July 7th if he signs another team's offer sheet during the FA moratorium or within 24 hours of receiving an offer sheet after the FA moratorium period; ; likewise QOs must be given to our two-way players Castleton & Mayes by this date to make them RFAs
•June 30th 3:00pm PT: the 2023/24 season is officially over, where all unused, unexpired TPEs generated during the year can no longer be used for the 2024/25 season; also any unused cash from our trade purse will also expire and not carry over into the 2024/25 season (where we will get a reloaded trade purse for use as long as we are not over the 2nd Apron)
•June 30th 3:01pm PT: first moment of new season (2024/25) officially begins with FA moratorium
-our 2031 FRP/SRP gets unlocked for trades
-cash trade purse gets renewed to 7.3m
-previous unused TPEs expire
•July 6th 9:00am PT: Free agency (FA) moratorium ends and FA contracts officially hit teams’ cap sheets; signed offersheets for RFAs go live and home team has 24hrs to match by 9am PT on July 7th (see MaxC here)
•July 13th: last day for teams with outstanding QOs towards their RFAs to withdraw this contract making the RFAs UFAs, free to sign with any team with available cap space and/or exceptions (see MaxC here)
•Aug 18th: first day possible to offer max extension to Bron if he decides to opt into his current deal by June 29th; in doing so, he bypasses the ability to include a no-trade clause (NTC) into a potential extension; however there could be a 6 month NTC clock that kicks in and since it would expire on Feb 18, 2025, which would be past the 2024/25 trade deadline, Bron essentially could hold a NTC for the entire 2024/25 season
•Dec 15th: FAs signed during the 2024 offseason free agency period are now eligible to be traded and aggregated with other salaried players; More than one veteran minimum contract can be aggregated with another and traded with salaries that are larger than veteran minimum amounts (ie more than one of Wood, Cam, Hayes vet min contracts can be aggregated with any other Laker salaried player)
•Jan 10th 2025 (league cutdown date) for partial or fully nonguaranteed deals to be waived without any dead cap implication on capsheet
•Jan 15th 2025: all bird right FA players that were signed using the bird exception during the 2024 offseason free agency period is now eligible to be traded (ie BYC players)
•Feb 6th 2025 12pm PT: 2024/25 season trade deadline
What are the differences between the current & new trade rules & when does it come into effect?
Any team not in breach of the 1st Apron and that has been eliminated from the playoffs from now to June 30th, can make a trade using the trade multipliers found below, as long as immediately after the trade, they remain below or just at the 1st Apron hardcap. Teams that have breached or anticipate to breach this 1st Apron hardcap, could instead use a 110% trade multiplier
After June 30th however, trades for teams projected to be below the 1st Apron can be made using:
•200% multiplier towards outgoing salary up to 7.5m + 250k for salary matching
•outgoing salary between 7.5m and 29m + 7.5m for salary matching
•125% multiplier towards outgoing salary greater than 29m + 250k for salary matching
For teams projected to be above the 1st Apron, a 100% multiplier +250k is used towards all outgoing salary instead
- also before Dec 15th, 2 or more veteran minimum contracts can be aggregated together as long as no other salaried player whose contract is greater than the vet min is involved in the trade aggregation...in other words, only 1 vet minimum contract can be included and aggregate with other larger salaried players during this time; however from Dec 15th through the Feb 6th trade deadline, 2 or vet min contracts can be aggregated with larger contracts
Which exceptions (MLE, BAE, etc) can we use?
If we use the ntpMLE, we cannot use the tpMLE or the roomMLE. Since we used the BAE last summer, we cannot use it again this summer. As the name suggests, the availability of this particular exception is Bi-Annually.
If you use cap space, you can use the roomMLE only.
If you are a non tax-payer or only breached the tax line by up to ~7m (ie before hitting the 1st Apron), then you can use the ntpMLE & BAE as long as the use of them does not directly lead to breaching the 1st Apron immediately afterwards.
If team salary is already above the 1st Apron & within the ~10m threshold of the 2nd Apron, then a team can use the tpMLE, as long as after using it, a team is not in breach of the 2nd Apron.
If team salary is already higher than the 2nd Apron, no exceptions can be used by that team. As of now, only the cLips (if they decide to run it back and extend PG & Harden), Dubs (if they decide to run it back and extend Klay & Cp3), Suns, Cbags & Denver are without the use of any exceptions since they all project team salaries higher than the 2nd Apron with use of the 5.2m tpMLE.
As of July 6th, what do our books look like heading into the regular season?
| Quote: | Roster as of July 6, 2024
1. Bron 48.73m (new 2yr ~max deal)
2. AD 43.22m
3. DLo 18.69m (player opt-in)
4. Rui 17m
5. Reaves 12.98m
6. Gabe 11m
7. Vando 10.71m
8. MaxC 7.14m (new RFA 4yr deal)
9. JHS 3.88m
10. Knecht 3.82m (#17 pick projected rookie deal)
11. Wood 3.04m (player opt-in)
12. Cam 2.46m (player opt-in)
13. Hayes 2.46m (player opt-in)
14. MaxL 1.89m
15. Bronny 1.16m (SRE deal)
= 188.18m in team salary with a maxed out 15 man roster
….capped out with no cap space
….in breach of 178.13m 1st Apron by 10.05m and banned from using 12.82m ntpMLE unless at least ~23m in salary is shed
….just 750k in wiggle before hitting the 188.93m 2nd Apron (just 50k in wiggle if accounting for DLo’s 700k unlikely incentive) and banned from using full 5.17m tpMLE unless at least ~5.5m in salary is shed
Estimated repeater taxes for being 18.22m in breach of 170.81m tax threshold = 57.44m
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Who can be traded now and if not now, then when?
1. Bron - has a no-trade clause w/15% trade kicker & cannot be traded till Dec 15th
2. AD - can be traded right now
3. DLo - can be traded right now
4. Rui - can be traded right now
5. Reaves - can be traded right now
6. Gabe -can be traded right now
7. Vando - can be traded right now
8. MaxC - cannot be traded till Dec 15th
9. JHS - can be traded right now
10. Knecht 3.82m - cannot be traded till Aug 2nd (ie month after signing rookie deal)
11. Wood 3.04m - can be traded right away either with other vet min deals like Cam & Hayes exclusively or aggregated with other higher salaried players as the only vet min deal aggregated with them till Dec 15th
12. Cam - see Wood explanation above
13. Hayes - see Wood explanation above
14. MaxL - can be traded right now
15. Bronny - see Knecht explanation above
How do the Lakers choose which exceptions & trade rules they can use? Do they even have a choice in how they can operate this offseason?
As you can see from our projected cap sheet for the upcoming 2024/25 season quoted above, if we choose to stay as is and run it back, we are already over the 1st Apron and only have ~50k in wiggle before hitting the 2nd Apron. We can stay above the 2nd Apron since it is not triggered as a hardcap. However, we must be mindful of breaching the 2nd Apron if we use or anticipate in using certain triggers (ie tpMLE, trade cash, salary aggregate in trade, etc) during the season which would hardcap us at that 2nd Apron amount (currently projected @ 188.93m).
| Quote: | Administration of Transaction Rules
A. The transaction rules will work in the same manner as the Tax Apron rules set forth in the current CBA – i.e., a team with a Team Salary that exceeds the applicable Apron level will be unable to engage in the applicable transactions, and a team that engages in one or more of such transactions will be unable to subsequently have a Team Salary that exceeds the applicable Apron level in such Salary Cap Year.
B. A team that engages in any of the trade transactions described under the First and Second Apron Level rules above after the last day of the Regular Season of a Salary Cap Year will be unable to subsequently have a Team Salary that exceeds the applicable Apron level for the remainder of the then-current Salary Cap Year as well as for the immediately following Salary Cap Year. (Notwithstanding this general rule, there will be certain transition rules applicable to trade transactions occurring during the period from the day after the last day of the 2023-24 Regular Season through June 30, 2024.) |
And as a team that is likely hardcapped at the 2nd Apron (imho trade aggregation is almost an inevitability during the season), our team salary can be no more than 188.93m, meaning that at the very most, even as repeat tax offenders, we will not pay a penny more than 56.5m due to the fact that we cannot go more than 18m above the luxury tax threshold of 170m before hitting the 189m 2nd Apron hardcap.
What’s with this new frozen pick rule and how does it impact us trading our 2031 FRP when it gets unlocked in trade eligibility on June 30th?
| Quote: | Beginning with the 2024-25 Salary Cap Year, if a team’s Team Salary exceeds the Second Apron Level in a Salary Cap Year, then its first round draft pick in the seventh Draft following the last day of the Salary Cap Year (the “Frozen Pick”) will be frozen, meaning the pick may not be traded.
1. If the team’s Team Salary exceeds the Second Apron Level in at least two of the immediately following four Salary Cap Years, the Frozen Pick will be moved to the end of the first round of the applicable Draft and the team will continue to be unable to trade it. If more than one team has a Frozen Pick moved to the end of the first round of a particular Draft, those teams will select at the end of the first round in inverse order of their consolidated standings at the end of the preceding season.
2. If, instead, the team’s Team Salary is less than or equal to the Second Apron Level in at least three of the immediately following four Salary Cap Years, then the Frozen Pick will be unfrozen (meaning it could again be traded) as of the first day of the Salary Cap Year immediately following the third such Salary Cap Year for which the team’s Team Salary is less than or equal to the Second Apron Level and will not be subject to any restriction on pick position. |
Simply put, we will NOT be able to trade our 2031 FRP if we are in breach of the 2nd Apron. This is yet another reason imho that we will treat that 2nd Apron as our hardcap even if we decide not to trigger it. Recall our “Run It Back” option….in that scenario, we will be able to breach the 2nd Apron since we would not have triggered any of the hardcap mechanisms. However, if we did run it back and decided to trade our 2031 FRP along with one other player for a single player in return making that same amount or less, then we would have to make sure that post trade, we once again were below or just at the 2nd Apron….cause if not, then the trade cannot go through and we would be banned from including that 2031 FRP in any trade scenario for the remainder of this season.
For example, Gabe (11m) + 2031 FRP for AC (9m) is a legal trade, only as long as immediately after the trade, our team salary is not in breach of that 188.9m 2nd Apron (cause trading a pick 7 years out triggers the 2nd Apron hardcap).
Anyways, I appreciate those that actually took the time to read this all the way thru. Kudos to yall in #GettingFamiliar. I am sure there will errors, corrections & edits along the way, so please stay patient with me as we get this all the way correct by the time the new 2024/25 season really kicks off. Btw, I'm back now from my vacay and am here to answer questions/inquiries. Thanks for being patient with me and thanks to all the LG cap heads for holding it down till I got back.
References/Resources
• CBA Coon Bible
note: not yet updated to 2024 version
• Spotrac - NBA Team cap sheets
• Full Official 2024 CBA
• Abridged Summary Version of new CBA highlighting key changes
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#GetFamiliar by CLICKING HERE!
Last edited by vasashi17+ on Sun Jul 14, 2024 7:55 am; edited 1 time in total |
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vasashi17+
Star Player
Joined: 13 Dec 2019
Posts: 5851
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| Posted: Wed Jul 10, 2024 2:48 pm Post subject: |
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TV deal is all but done…so expect a full 10% cap raise for the 2025/26 season even though this 2024/25 season only experienced a 3.37% increase to the cap.
| Quote: | The NBA and network executives finalized contracts that will make NBC and Amazon Prime Video new partners, while maintaining ESPN as the home of the NBA Finals, under agreements that will extend for 11 seasons and be worth $76 billion, according to executives with direct knowledge of the deals.
While the NBA and its partner agreed to all the language, incumbent TNT Sports continues to threaten to match. The CEO of TNT Sports’ parent company, Warner Bros. Discovery’s David Zaslav, has publicly stated he may attempt to use language in the current contract to remain involved with the NBA. If Zaslav goes through with that, he is expected to target Amazon’s package.
Under the new NBA television deals with ESPN, NBC and Amazon Prime, the regular season would feature national telecasts nearly seven days a week, according to sources briefed on the agreements. – via New York Times
https://www.nytimes.com/athletic/5629508/2024/07/10/nba-tv-deal-espn-nbc-amazon-tnt/
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An all too early projection for a max 10% increase to the cap for the 2025/26 season is found below:
What the 2025/26 season cap can potentially max out to
•Cap: 154.65m
•Tax: 187.89m
•1st Apron: 195.94m
•2nd Apron: 207.82m
•Tax-Payer MLE: 5.69m
•Non Tax-Payer MLE: 14.1m
•BiAnnual Exception: 5.12m
•RoomMLE: 8.78m
•2nd Round exception (SRE): 1.28m - 2.3m based respectively on whether it is a 3 or 4 year deal with the final year being a team option
•35% max (10+ seasoned player): 54.19m
•30% max (7-9 seasoned player): 46.4m
•25% max (0-6 seasoned player): 38.72m
•Rookie min / incomplete roster charge: 1.28m
•Vet min: 2.3m (only 2 seasoned player cap hit applies w/ difference paid by the league)
•Trade Purse (5.15% of cap): 7.96m
Note: new tax bands will go into effect for the 2025/26 season and starting with that 3rd band taxes are gonna hurt!
| Quote: | Tax bands that will go into effect for the 2025/26 Season
Non-repeater Tax / Repeater Tax rates are as follows (total tax amounts for each band are within parentheses) :
$0 - 4.99m ———> 1.00 (5m) / 3.00 (15m)
$5m - 9.99m ——> 1.25 (6.25m) / 3.25 (16.25m)
$10m - 14.99m —> 3.50 (17.5m) / 5.50 (27.5m)
$15m - 19.99m —> 4.75 (23.75m) / 6.75 (33.75m)
$20m - 24.99m —> 5.25 (26.25m) / 7.25 (36.25m)
$25m - 29.99m —> 5.75 (28.75m) / 7.75 (38.75m)
$30m - 34.99m —> 6.25 (31.25m) / 8.25 (41.25m)
$35m - 39.99m —> 6.75 (33.75m) / 8.75 (43.75m)
$40m - 44.99m —> 7.25 (36.25m) / 9.25 (46.25m)
$45m - 49.99m —> 7.75 (38.75m) / 9.75 (48.75m)
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dcarter4kobe
Franchise Player
Joined: 30 Jul 2005
Posts: 18134
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| Posted: Thu Jul 11, 2024 7:26 am Post subject: |
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So around 208mill will be the soft/hard cap for payroll for us. Currently at about 189mill for 11 players
1. LeBron
2. AD
3. Rui
4. Reaves
5. Vando
6. Vincent
7. Christie
8. Knecht
9. JHS
10. Lewis
11. Bronny
_________________
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vasashi17+
Star Player
Joined: 13 Dec 2019
Posts: 5851
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| Posted: Fri Aug 09, 2024 8:39 am Post subject: |
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^ And don’t forget…the more punitive 3rd tax band goes into effect next season.
| Quote: | Tax bands that will go into effect for the 2025/26 Season
Non-repeater Tax / Repeater Tax rates are as follows (total tax amounts for each band are within parentheses) :
$0 - 4.99m ———> 1.00 (5m) / 3.00 (15m)
$5m - 9.99m ——> 1.25 (6.25m) / 3.25 (16.25m)
$10m - 14.99m —> 3.50 (17.5m) / 5.50 (27.5m)
$15m - 19.99m —> 4.75 (23.75m) / 6.75 (33.75m)
$20m - 24.99m —> 5.25 (26.25m) / 7.25 (36.25m)
$25m - 29.99m —> 5.75 (28.75m) / 7.75 (38.75m)
$30m - 34.99m —> 6.25 (31.25m) / 8.25 (41.25m)
$35m - 39.99m —> 6.75 (33.75m) / 8.75 (43.75m)
$40m - 44.99m —> 7.25 (36.25m) / 9.25 (46.25m)
$45m - 49.99m —> 7.75 (38.75m) / 9.75 (48.75m)
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So with a likely projected 10% cap increase towards that 2025/26 season, the tax threshold is projected at being right about 188m…and being a repeat tax offender, a projected team salary of 208m means we would be roughly 20m over the tax line….leading to about a 93m tax fine…yikes!
Speaking of forecasts…they already wondering about opting out the new deal?! Really?! Brunson, see what you did!
| Quote: | Article XXXIX, Section 8 lays out how either the NBA or the NBPA could opt out of the CBA early if BRI significantly outpaces the amount of money players can earn each season. The difference between the players’ share of BRI and the amount in contract salaries (plus benefits) they earn in total each season is called a shortfall in the CBA. In other words, if the amount the players make in salaries and benefits is less than roughly half of BRI, then there is a shortfall. This CBA clause focuses on two kinds of shortfalls: If total contracted salaries (plus benefits) fall short of the player’s share of BRI by more than 25 percent in one year, or if that shortfall exceeds 10 percent in two consecutive years.
If either happens, then the two sides have an obligation to have good-faith talks about the issue and how to potentially fix it. One suggestion explicitly made in the CBA: a “more timely distribution of the Designated Share (of the BRI) into Total Salaries.” If either of these scenarios were to happen, and if the NBA and NBPA can’t agree on a way to fix it, then both sides have the choice of whether to opt out of the CBA. That would go into effect June 30 of the following summer. The current CBA runs through June 30, 2030, though there is mutual opt-out date of Oct. 15, 2028 (the CBA would then be terminated June 30, 2029). If there is a 25-percent shortfall in the first year of the new media rights deal, then the earliest that this CBA could end is June 30, 2027. If there are two straight years of shortfalls of more than 10 percent, then either side could opt out and force the end of this CBA on June 30, 2028.
The players association would be the side most likely to opt out if this were to happen. While players would get roughly half of the BRI either way, the players could decide that smoothing has left the players too disconnected from the NBA’s actual economic situation and contracts are being negotiated and growing enough under that reality. When the NBA and NBPA negotiated the CBA, they put in clauses that allowed both sides to opt out under certain conditions depending on where the upcoming media deal landed. In one, the NBA got some protection in case the media deal was underwhelming; in this one, the NBPA got room to maneuver if the media deal, and the league’s business overall, came in too hot.
It’s an interesting consideration as the NBA, rightfully, touts its new media deal. The numbers are gigantic, and it affords the NBA significant economic stability for those 11 years to come. That the NBA’s revenue would shoot up so much that it forced the two sides back to the negotiating table is a better problem for the league to have than the opposite. But, as of now, it seems unlikely that the NBA would get to the point where either of these clauses would be triggered. The 25-percent shortfall seems unlikely, according to those in the know. There is a realistic chance that the players exceed a 10-percent shortfall in the first year of the new media rights deal, sources say, but hitting it two years in a row is not expected. – via New York Times
https://www.nytimes.com/athletic/5684065/2024/08/09/how-the-nbas-new-media-rights-deal-could-impact-the-current-cba-and-the-teams/
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