2013 NBA Free Agency: Atlanta Hawks Roster/Cap Status

USA TODAY Sports

Is Danny Ferry done? Are their roster spots left for Ivan Johnson? Why is DeMarre Carroll the canary in the coal mine?

We are almost at the end of NBA Free Agency frenzy. We've updated all the NBA Free Agency signings on our board and put the top five as yet unsigned free agents in glorious 14-pt font.

But what about the Atlanta Hawks? After the Elton Brand signing, most figured the Hawks were done.

But are they?

Interesting is that, while they have a verbal agreement with DeMarre Carroll, they have not yet signed him officially. It could be that the Hawks, who agreed to a two year, 5 million dollar deal with Carroll, may intend to use the remainder of their cap on other free agents, then signing Carroll to the agreed upon contract under the NBA Room Exception of the CBA.

That exception begins at ~2.5M dollars, just about the terms of their verbal agreement with Carroll.

But don't the Hawks have a lot of players already?

Let's take a look at the Hawks' current guaranteed deals: (ShamSports.com)

Al Horford 12M

Paul Millsap 9.5M

Jeff Teague: 8M

Kyle Korver: 6.76M

Lou Williams: 5.225M

Elton Brand: 4M

Dennis Schröder: 1.348M

John Jenkins: 1.258M

Jared Cunningham: 1.208M

That's nine players under guaranteed contracts -- and the Hawks have three non-guaranteed contracts still on the books.

DeShawn Stevenson: 2.24M

Shelvin Mack: 884K

Mike Scott: 788K

That's 12 players so far at a total of 53.3M dollars. The cap is 58.6M and the floor is 52.74M.

The Hawks also, per a league source, have the following players under cap hold:

Lucas Nogueira: 1.419M

Ivan Johnson: 1.251M

Anthony Tolliver: 884K

That brings the total cap number to 56.868M including the cap holds.

Mike Muscala is an unsigned, second round pick and therefore, despite the Hawks having his rights, does not carry a cap hold.

The Hawks could release Stevenson and send Nogueira and Muscala overseas and regain ~3.66M in cap space, bringing their cap room to 5.4M. They also could renounce Ivan and Tolliver and grab another 2.135M, making a total of about 7.535M in cap room IF they felt they had to do all that to get a certain player.

Also, as long as the Hawks keep that cap hold for Ivan Johnson, they can go over the cap to re-sign him, if needed, though it's not likely that Ivan will make more than the 1.2M cap hold the Hawks have for him next season.

So the Hawks have options and will likely keep those options open until it doesn't make sense to do so anymore. Once we see the official signing of Carroll, we'll know that any sort-of major signings are complete.

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