We went through the NBA salary cap in greater detail than anywhere else, which was probably enough for you to pull the ibuprofen out and take a couple last Saturday night.
According to reports:
Millsap will sign a two year, 19 million dollar contract
Korver will sign a four year, 24 million dollar contract
Carroll will sign a two year, 5 million dollar contract
Al Horford: 12.0M
Paul Millsap: 9M
Kyle Korver: 5.4M (assumed starting point of reported 4 year, 24 million dollar deal)
Lou Williams: 5.22M
DeMarre Carroll: 2.5M
John Jenkins: 1.258M
Jared Cunningham: 1.208M
Lucas Nogueira: 1.4M
Dennis Schroeder: 1.3M
DeShawn Stevenson: 2.24M
Mike Scott: 800K
Shelvin Mack: 900K
Mike Muscala: ~500K (based on Mike Scott 2012-13)
Jeff Teague: 6M (Cap Hold only)
Ivan Johnson: 1.2M (Cap Hold only)
Jeremy Tyler: 100K left over from last year, will count on this year's cap
The Hawks, after accounting for all guaranteed and non-guaranteed contracts, as well as their rookie holds, have a total of 51.03M committed in salaries for next season. (15 players, required to roster 12 for cap purposes).
Last night, multiple reports showed the 2013-14 NBA salary cap at 58.679M, slightly above the number we were playing with.
The 51.03M does not include the FA cap holds on Johan Petro and Dahntay Jones, whom we expect to get confirmation that the Bird rights the Hawks have on these two will be renounced, meaning the ~12M they are holding on the cap will get taken away.
The other cap holds are for Jeff Teague (6M) and Ivan Johnson (1.2M). These will remain until the team renounces them like Petro and Jones, or they sign a contract, either with the Hawks or elsewhere.
Right now, the ~7.65M under the cap the Hawks are will not be enough for the first year of any contract involving one of these three, so the Hawks will likely look at releasing one or more of the non-guaranteed contracts on the roster, currently.
DeShawn Stevenson would be a good bet, given his 2.24M cap number, and would bring the first year number closer to 9.89M.
Still not enough, so if they renounce Ivan Johnson (1.2M) and release another non-guaranteed contract like Shelvin Mack (900K), that first year offer can be up to ~12M,
They could obviously go higher by renouncing Teague and free up 6M instead, but they probably want to keep Teague's cap hold so that they can sign someone like Bynum at 12M and then be able to sign and trade Teague, or keep him and go over the cap to do it.
One last scenario involves our international draft picks -- If one or both plays overseason, the Hawks can send a letter to the NBA stating they won't play in the league all year and that cap space will be removed.
Teams must have 12 roster spots filled. If a team has an open roster spot, the subsequent spots get a league minimum for a cap hold until a player occupies that slot.
Second round picks have no cap hold, so you can remove Muscala's 500K, but it's also about the same as the minimum. But if the Hawks already have 12 players accounted for in the cap, then you wouldn't want to sign Mike before you finish your free agent business.
It all goes down today -- see it all unfold here!
GROUP QUESTION: How do you want it all to go down when things begin to become official? What's the scenario you want to see?
More from Peachtree Hoops:
- NBA Free Agent Rumors: Andrew Bynum meeting with Hawks, expected to make decision today
- NBA Free Agency: Running down your latest Atlanta Hawks rumors
- July 6th 2013: A Day of Remembrance
- NBA Free Agent Rumors: Andrew Bynum to meet with the Atlanta Hawks later this week
- NBA Trade Rumors: Hawks, Bucks discussing Jeff Teague for Brandon Jennings swap