Sun Jul 04, 2010 9:14 am
While it is true that the Chicago Bulls currently do not currently have the space for even two maximum free agents at the present moment, they can wield the rules of the NBA salary cap to get Lebron James, Dwyane Wade, and Chris Bosh with a little fancy maneuvering.
Before getting into the nitty gritty, there are a few basic assumptions:
1. The maximum contract each of the three players can receive is $16,568,908. This was estimated by RealGM numerous places, including this piece.
2. The Bulls are currently $3.5 million short of having the space for two max contracts, according to (Larry Coon)
From here, we need to rely on two different rules.
First we have the 125% rule. This rule indicates that any team can take on 125% of the contract values they send out in a trade, plus $100,000 of buffer room. As such, take the maximum contract value above, divide it by 1.25 and subtract $100k from that total and you get $13,155,126. This is the minimum value a team at or over the cap could send in contracts for a max-level player while satisfying this rule. However, cap space can also be used to reduce this number if it is available.
Since the Bulls are $3.5M short of two maximum salaries right now, a move that sent Luol Deng elsewhere bringing nothing back would give Chicago approximately $7.855M in cap room to work with beyond the space allocated for the second max free agent. As such, we could take this value off the top of the $13,155,126.
Doing so, the Bulls could work a sign-and-trade for the third max free agent that includes around $5,299,276 or more in salary. While the non-Derrick Rose and Joakim Noah Bulls (Taj Gibson and James Johnson) make less than this figure combined, Chicago could use a sign-and-trade of one of their current players like Brad Miller to do it. Using a current player allows the team to use Bird rights to re-sign that guy while not using up the space needed to sign the second max contract.
As such, a deal that includes some combination of Taj Gibson, James Johnson, signed and traded free agent(s) at a reasonable sum (as well as picks, in all likelihood) and adds up to around $5.3 million or more after or coinciding with a Luol Deng trade would make adding a third max player while still having Rose and Noah on roster a reality.
Sun Jul 04, 2010 12:20 pm
Sun Jul 04, 2010 5:32 pm
King Dee wrote:How Chicago Can Sign Three Max Players While Keeping Rose,NoahDoing so, the Bulls could work a sign-and-trade for the third max free agent that includes around $5,299,276 or more in salary. While the non-Derrick Rose and Joakim Noah Bulls (Taj Gibson and James Johnson) make less than this figure combined, Chicago could use a sign-and-trade of one of their current players like Brad Miller to do it. Using a current player allows the team to use Bird rights to re-sign that guy while not using up the space needed to sign the second max contract.
As such, a deal that includes some combination of Taj Gibson, James Johnson, signed and traded free agent(s) at a reasonable sum (as well as picks, in all likelihood) and adds up to around $5.3 million or more after or coinciding with a Luol Deng trade would make adding a third max player while still having Rose and Noah on roster a reality.
http://www.realgm.com/src_wiretap_archi ... rose_noah/
It's still possible..
Larry Coon wrote:Chicago Bulls
Maximum cap room: 1.76 MCs
What needs to happen to get to this amount? The Bulls did most of the hard work in February and June. All that's left is to renounce their own free agents, such as Brad Miller.
What can they do to get more? Contrary to recent reports, the Bulls do not have enough cap room to sign two maximum free agents. To get to the elusive two-MC threshold the Bulls would have to clear another $3.5 million from their books. Their best -- albeit unlikely -- bet would be to try to find a taker for Luol Deng's enormous contract, hoping to slide LeBron James into his vacated spot.
Dumping James Johnson, Taj Gibson, Chris Richard and Rob Kurz would not generate the needed cap room -- the cap holds associated with the four vacated roster spots would consume much of the cap room that would be freed by their departure.
Tue Jul 06, 2010 11:47 am
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Thu Jul 08, 2010 3:27 pm
LeBron James has decided to join Dwyane Wade and Chris Bosh in Miami, according to multiple sources that spoke with Newsday.
"Multiple sources are telling Newsday that LeBron James has decided to join Dwyane Wade and Chris Bosh in Miami," wrote Hahn on his original Tweet, posted shortly after midnight Eastern. "The new Big Three is here."
RealGM Note: The headline on Newsday's sport page reads 'Sources: LeBron leaning towards choosing Heat.'
The news of the 10-11 NBA salary cap being at $58.044M creates additional cap room for James, Wade and Bosh to get closer to a maximum contract.
James is scheduled to announce his final decision live on ESPN at 9:00 PM EST on Thursday.
James met with the Knicks, Nets, Heat, Clippers, Cavaliers and Bulls in that order last week.
The Heat only have Michael Beasley ($4.962M) and Mario Chalmers ($854k) under contract for the 10-11 season.
Wade and Bosh stated their intention to sign with the Heat on Wednesday morning.
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