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Title: Mavericks went over the hard cap Post by: CelticsGM on July 01, 2009, 09:42:12 AM just discovered that the Mavericks HEAVILY exceed the hard salary cap.
They are 3.8 mill OVER the allowed hard cap. This has a few implications: - the trade with the Hornets (Turkoglu/Newcomb) will be reversed, the Mavs even spent a trade exception. - since they were slightly above the hard cap BEFORE the trade (43.924 mill, allowed are 43.8 mill), their last signing will also return to FA (that will be: "181 Mavericks Sign C Jayson Williams for $10.100.000 over 2 years.") - they are not allowed any trade/signing that does NOT reduce their salary total - their 1st round pick (2032 Mavs 1st) can not be traded as long as they are above the hard cap and of course, if they don't move below 87.6 mill before seasons end they will lose that very pick. Sorry for realizing it only now. Title: Re: Mavericks went over the hard cap Post by: CelticsGM on July 01, 2009, 09:50:18 AM League page (rosters, FA list) has been updated now.
Remember: to bid for Jayson Williams you will have to put in a "Custom offer", he will not be in the FA bidding list and for the reference: the Mavs had signed Jayson to a 2yr contract for $5.000.000/$5.100.000 Title: Re: Mavericks went over the hard cap Post by: MavsGM on July 02, 2009, 12:21:51 PM I can understand that Hornets trade being reversed but why couldn't I keep Jayson Williams? Since I'm still under the hard cap before he accept my offer, I don't see why he should be put back into the FA pool.
Title: Re: Mavericks went over the hard cap Post by: CelticsGM on July 02, 2009, 05:54:40 PM ok, I checked again with league rules, and I guess I erred on another topic.
Of course Jayson will stay with the Mavs since he was only the guy putting them into hard cap territory. Bad for the Knicks (who signed him on day 4) but it has neither implications on the rest oif FA nor on the Knicks, who didn't miss out on another signing. |