Re: Re-signing Walker (was Re: Cruel Ironies)

[skmishra@dlsun660.us.oracle.com (Shailendra K. Mishra)]

I think Dino's salary does come off the cap next season that's why Peter May and 
Co. are speculating a contract of 5 mill for Matt Geiger. These numbers clearly 
are without the cap going to 32 mill..if one doesn't account for the cap going 
up then the airthmetic of the cap is as under:

1998-99 salaries                     29   mill (approx)
- Free agents <Edney, Popeye & Tabak> 4.8 mill
- Dino Radja                          2.5 mill
                                     ---------
                                     21.7 mill           
                                     ---------
- Reclaimed cap space                 4.3 mill
- Allocating 1M for a 1st round pick  1.0 mill
                                     ---------
                                      3.3 mill
                                     ---------

Now a contract with a cap number of 3 mill will pay 5 mill on a 7 year deal..so 
it does appear that May and others are taking the Dino's cap room into account.
                                    - Mishra 
                                   
> From owner-celtics@igtc.COM Mon Mar 16 09:30:25 1998
> 
> This is the first I have heard anywhere of Dino's half salary coming off
> the cap next season.  Somehow I don't think so.  It has never been noted by
> any of our resident capologist, nor by the media type who keep up with and
> report this kind of thing.  
> 
> I question the info, as this report also has Edney as a FA in 1999, which
> isn't technically true, except that there might be a team option in 1998.
> 
> Does anyone know for sure?
> ----------
> > From: Kim Malo <kmalo19@idt.net>
> > To: celtics@igtc.COM
> > Subject: Re-signing Walker (was Re: Cruel Ironies)
> > Date: Sunday, March 15, 1998 4:55 PM
> > 
> > 
> > Why? The main reasons:
> > The Cs will move under the cap this summer to begin with. Dino comes off
> our
> > cap ($2.5M) and they can release Popeye and Tabak (another couple
> million,
> > not sure of amount). Plus there will be the estimated $6-8M increase in
> the
> > cap from the new TV deal. So they have money to play with now. And can
> still
> > use it before re-signing Walker.
> > 
> > The FA after 1999 are Walker, of course. After that, you have McCarty,
> > Jones, Bowen and Edney. The total they free up will be about what
> dropping
> > Dino frees up this year -this is a case of quantity of contracts
> expiring,
> > rather than quality in terms of dollar amount. 2000 and 2001 are when the
> > carryover contract headaches of Barros, Minor and Ellison espire.
>