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Sixers, Suns Still Armed With Cap Room
Posted By Eric Pincus On October 30, 2013 @ 9:00 pm In Main Page,NBA | No Comments
The 2013-14 NBA season kicked off on Tuesday night. In recent days and weeks, teams have whittled their training camp rosters down to 13 to 15 players.
Now that the rosters are (temporarily) final, a few teams still have spending power — notably the Philadelphia 76ers and Phoenix Suns. Both teams still have a lot of cap room to work with.
Philadelphia is at $47.8 million in total payroll, still about $5 million under the league minimum of $52.8 million. If the Sixers don’t add salary before end of the season, that $5 million shortfall will be distributed to the players on the roster.
That leaves between $10.9 and $13.6 million in spending power for Philadelphia.
After the Suns traded Marcin Gortat and others to the Washington Wizards, Phoenix can still boast $5.7-$6.2 million in cap room with their payroll at $53.0 million.
The Utah Jazz are still slightly under the cap as well ($1.9-$4 million), depending on what they do with players under non/partially-guaranteed contracts like Mike Harris and Ian Clark.
The Milwaukee Bucks have $1.9 million in space while the Atlanta Hawks can have between $1.4 and $4.0 million.
The Memphis Grizzlies and Chicago Bulls are the only two teams with the minimum of 13 players under contract. Seven franchises have 14 while the remaining 21 have the maximum of 15. That makes it a total of 439 players under NBA contract (of which 388 are fully guaranteed).
Just six teams are over the tax, led by the Brooklyn Nets who could pay about $87.2 million in penalty. The New York Knicks ($33.6 million), Miami HEAT ($20.7 million), Chicago Bulls ($11.9 million), Los Angeles Lakers ($11.8 million) and Los Angeles Clippers ($2.4 million) are also over.
Finally, teams have until October 31 to extend former first-round firsts in the last year of their rookie contract. Thursday is also the deadline to pick up third and fourth-year options.
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