Nuggets Roster Moves Continued

[WizKidFromSpace]

I did some hard thinking and decided that rather than spend a 2nd rounder to clear $22 mil in cap space, I'd much rather spend nothing to clear $37.3 mil in cap space. So I'm doing that.

Option 1 buyout on:
Paul Millsap ($29.6 mil, 2 years)         = $59.2 mil
Kenneth Faried ($13.5 mil, 1 year)           
Wilson Chandler ($12.8 mil, 1 year)
Darrell Arthur ($7.5 mil, 1 year)

Total of $93.3 mil, so 60% is $55.98 mil which we round up to $56 mil. I would like to divide that up as $23.8 mil in 2018 and $32.2 mil in 2019. That leaves me at $62.3 mil for my total cap in 2018 and 2019. Shark in the water boys...

[WizKidFromSpace]

There actually could be some roundoff error because I did the 60% for the players' contracts added together instead of separate, so it may end up being cheaper or more expensive by a couple $100k.

I'm at work til 10 pm central, but I'll double check the math when I get back if no one wants to do it sooner.

[WestCoastExpress]

I did some hard thinking and decided that rather than spend a 2nd rounder to clear $22 mil in cap space, I'd much rather spend nothing to clear $37.3 mil in cap space. So I'm doing that.

Option 1 buyout on:
Paul Millsap ($29.6 mil, 2 years)         = $59.2 mil
Kenneth Faried ($13.5 mil, 1 year)           
Wilson Chandler ($12.8 mil, 1 year)
Darrell Arthur ($7.5 mil, 1 year)

Total of $93.3 mil, so 60% is $55.98 mil which we round up to $56 mil. I would like to divide that up as $23.8 mil in 2018 and $32.2 mil in 2019. That leaves me at $62.3 mil for my total cap in 2018 and 2019. Shark in the water boys...

For the 1-year guys, you can't split up their buy-out into 2 years, it would have to be all this year.

A buyout may be spread throughout the total number of years a player has remaining on his contract (less years is allowed but never more)

Here is what you could do:

Paul Millsap ($29.6 mil, 2 years)
29.6 x 2 = 59.2 x 60% = $35.5m owed.
You can spread that $35.5m over 2 years, however you want to split it up.
$17.8m each year, or all $35.5m this year, or all $35.5m next year if you wanted. Or some other combination, like $5.5m this year and $30m next year for example.

Kenneth Faried ($13.8 mil, 1 year)
13.8 x 60% = $8.3m owed
1 year contract = it has to be paid out all this year
           
Wilson Chandler ($12.8 mil, 1 year)
12.8 x 60% = $7.7m owed
1 year contract = it has to be paid out all this year

Darrell Arthur ($7.5 mil, 1 year)
7.5 x 60% = $4.5m owed
1 year contract = it has to be paid out all this year


All in all, owing this year for sure would be:
8.3 + 7.7 + 4.5 = $20.5m

Plus you can split up Millsap's $35.5m between this year and next year however you see fit.


Doing the math, between Faried, Chandler and Arthur you'll save yourself $13.6m in cap space this year.

Then depending on how you break up Millsap's contract, you'll save more.
If you split it up evenly at $17.8m per year, you'd save an extra $11.8m this year, for a total of $25.4m.

[WizKidFromSpace]

Good so there's no round off error then. All of the $20.5m for the 3 guys plus $3.3m of Millsap in 2018 and $32.2 in 2019. Same as before. I save $39.9 mil in 2018, though. Not sure where you got your number for that.

$63.7mil between all 4 guys in 2018 becomes $23.8 in 2018.

[WestCoastExpress]

Good so there's no round off error then. All of the $20.5m for the 3 guys plus $3.3m of Millsap in 2018 and $32.2 in 2019. Same as before. I save $39.9 mil in 2018, though. Not sure where you got your number for that.

$63.7mil between all 4 guys in 2018 becomes $23.8 in 2018.

Yep, you're right.

My number ($25.4m) was based on splitting Millsap evenly ($17.8m cap hit this year).

The way you've split it up with only $3.3m on Millsap in 2018, you get $39.9m in cap space this year.

All good

[WestCoastExpress]

Processed on Fantrax

[WizKidFromSpace]

  You're the man.

[WestCoastExpress]

Math ain’t my strong suit. Just glad we’re on the same page haha

 

[Vik]

spreadsheet updated.