InvestorsHub Logo
Followers 7
Posts 621
Boards Moderated 0
Alias Born 08/16/2002

Re: Wrinkles post# 1401

Monday, 01/27/2014 11:12:28 AM

Monday, January 27, 2014 11:12:28 AM

Post# of 2381
That is not totally correct. I see 21M available here.

If all free agents are announced, Boozer is amnestied, Taj dumped, Dunleavy dumped and Murphy waived
Derrick Rose $18,862,876
Joakim Noah $12,200,000
Jimmy Butler $2,008,748
2014 1st (Bobcats) $1,898,300
Tony Snell $1,472,400
2014 1st (mid-first) $1,395,400
Nikola Mirotic (hold) $1,075,300
cap hold $507,336
cap hold $507,336
cap hold $507,336
cap hold $507,336
Rip Hamilton (stretch) $333,334
Available: $21,224,298

That is a significant amount of cap space.
Carmelo would have to take an additional pay cut in his first-year salary to sign. If he signs for exactly $21,224,298, then it would be a 4 year, $90.8 million contract. That's 6 million less than his full non-bird max.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.