By Eric Pincus
Senior NBA Writer
Free agency is generally quiet through August and even much of September. The top free agents have landed and while a few stragglers remain, most teams have used their spending power.
The following table breaks down how much each franchise has spent on the coming 2012/13 NBA Season, remaining cap space or tax burden and available exceptions. Note that not every contract is fully guaranteed and trade exceptions have been omitted from the list (for now).
|Franchise||Total Salary||MLE/Room||BAE||Over Tax||Cap Room|
|Golden State Warriors||$71,155,896||$150,000||$1,957,000||$848,896|
|Los Angeles Clippers||$69,012,215|
|Los Angeles Lakers||$99,981,237||$1,590,000||$29,674,237|
|New Orleans Hornets||$62,994,507||$2,575,000-R|
|New York Knicks||$79,827,520||$9,520,520|
|Oklahoma City Thunder||$67,063,298||$3,326,396||$1,957,000|
|Portland Trail Blazers||$56,786,970||$2,575,000-R||$1,257,030|
|San Antonio Spurs||$69,157,865||$500,000||$557,000|
Note: Donte Green has agreed to terms with the Brooklyn Nets at the league minimum but hasn’t been added yet. The salaries of Jeff Green of the Boston Celtics and Carlos Delfino of the Houston Rockets are temporary estimates.
Teams under the Cap
The Cleveland Cavaliers currently have more spending power than any team in the league ($11.2 million). Reportedly the Cavaliers are near a deal with forward Alonzo Gee, who is currently a restricted free agent with a cap hold of $2.7 million (which is included in their team salary computation). With Gee, Cleveland would have 17 players under contract (a limit of 15 for opening night) although Daniel Gibson, Samardo Samuels, Donald Sloan, Jon Leuer and Michael Eric are all on partial/non-guaranteed contracts.
Technically the Houston Rockets, who have 20 players under contract, can waive partial/non-guaranteed players to near $6-7 million in space.
Conversely, if they stay over they have more spending power with their Mid-Level Exception (MLE), BAE, and a $1.9 million trade exception (TPE) from the Rashard Lewis deal. If the Wizards renounce all three they slip under the cap and add on their Room Exception.
Room Exception Teams
Ten teams still have access to their Room Exceptions of $2.575 million. The extra spending power is afforded to teams that have gone under the cap but have used their room. Technically the Cavaliers and Suns don’t actually gain it until they climb within $2.575 million of the $58 million cap.
The Wizards, as the only team with their full $5 million MLE, can spend more than almost any other team. The Milwaukee Bucks are right behind with $4.35 million left of their MLE along with their BAE.
Technically the San Antonio Spurs have $500k of their MLE left and $557k of their BAE but each is only enough to add on at slightly above the rookie minimum of $474k.
Teams over the tax apron of $74.3 million are limited to their Mini Mid-Level Exception of $3.09 million.
Bi-Annual Exception Only
The Golden State Warriors technically have $150k left of their MLE but it’s unusable, leaving just the BAE and minimum contracts (although the team is already at 15 players on the roster).
Technically the Boston Celtics might be able to squeeze out a partial/full BAE while staying under their hard cap of $74.3 million, depending on the exact Jeff Green figure and what they do with their partial/non-guaranteed players.
Once teams use their spending power, they can always sign players at the veteran’s minimum. Technically trade exceptions can be used in sign and trade but only during the offseason.
The Chicago Bulls are so close to their hard cap at $74.3 million, the most they can add (without subtracting) is a single player at the rookie minimum. The remaining $1.1 million of their MLE and the $5 million TPE (Kyle Korver) will go unused through the season (barring trade/buy-out reducing salary).