RE: Anderson's salary DOES count against C's cap.

[Kim Malo <kmalo19@idt.net>]

At 11:13 PM 2/20/98 -0500, Adam Suchocki <Twilight@world.std.com> wrote:
>Why would Dino Radja's salary be off the cap.  There are two more years
left on his contract?
>
>Adam

No there aren't. The contract itself no longer exists. They not only waived
Dino, they bought out his contract. Like paying off a loan with one lump sum
cancelling the loan. The contract still counts against the cap in the year
of the buyout, when there was a contract still, with the amount it counts
(since the contract no longer exists, and may not match the buyout amount)
determined by league rules. But not after that year. This was one of the BIG
reasons for the buyout as opposed to just waiving him.

-Kim
>
>-----Original Message-----
>From:	Shailendra K. Mishra [SMTP:skmishra@dlsun660.us.oracle.com]
>Sent:	Friday, February 20, 1998 5:09 PM
>To:	bagaco@worldnet.att.net; jmc@ptc.com
>Cc:	jmc@ptc.com; celtics@igtc.com
>Subject:	Re: Anderson's salary DOES count against C's cap.
>
>> From jmc@ptc.com Fri Feb 20 13:56:13 1998
>> 
>> 1) The cap is going up.  They get a few million there. 
>> 2) Tyus Edney's contract ends.   (don't know how much, probably less than a 
>million)
>> 3) Popeye Jones and Zan Tabak's contracts end (2.25 million)
>> 
>> If they were getting Kenny Anderson's 5 million, too, they'd be saying
numbers 
>> of at least 9 - 10 million, assuming very small numbers for the cap increase 
>> and Edney's contract. 
>> 
>> Jon
>
>The airthmetic of the cap is as under:
>Total Celtics salary (with increments) = 29   mill
>Renounce Edney + Popeye + Tabak        =  3.2 mill
>Dino Radja's salary will be off        =  2.5 mill
>Add back salary of an 8th pick         =  1.0 mill
>
>Estimated cap                          = 32   mill
>So cap room for next season            = 32 - 29 + 3.2 + 2.5 - 1.0 = 7.7 mill.
>
>So 7-7.5 mill is accurate. - Mishra
>
>
>
Kim Malo
kmalo19@idt.net