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Saving More Mikki Moore Money

On the surface, the decision to waive Mikki Moore last week came from an amalgam of four factors: to save a few bucks this season in the event Moore was picked up by another team, to ensure maximum playing time for the youngsters, to ensure there'd be no chance of picking up that full third year, and to do the right thing by a classy, veteran player.

But there's another reason to waive Moore: the Kings can save some room under the 2009-10 salary cap.

As it stands, the Kings will be on the hook for $2 million in salary for Moore next season. Even though Moore won't be with the team, that $2 million will count against the team's salary cap. On deadline day, the NBA sent a memo to teams estimating a salary cap of $57 million for 2009-10. Given the deadline moves of the Kings, the current slotted payroll for 2009-10 is $45 million, allowing the team roughly $12 million in cap space.

There's nothing the Kings can do in a real way with Moore's $2 million hit. They can sit trade Kenny Thomas' $8.7 million salary (ha!), find a buyer for Andres Nocioni's $7 million paycheck (subtle "ha!"). But Moore's on the books for $2 million, period. (Well, I suppose that was "$2 million, comma, period." Damn, now we have "dollar sign 2 space million comma space comma comma space period period endquote period" Whatever.)

But Moore -- by wowing the world -- can decrease the Kings' 2009-10 cap hit. If Moore has a professional basketball contract next season (NBA or otherwise), the Kings' $2 million Moore hit will be decreased. It will be a small amount, in all likelihood. But every dollar counts.

The collective bargaining agreement allows for a cap set-off for a waived player who is subsequently signed by another team. This is the provision which saves Sacramento a few bucks this season. It's an odd little formula to figure out the savings: one-half the difference between the player's new salary and the minimum salary for a one-year veteran. The fact that midseason waivers are pro-rated, combined with the reality that I am not Joe Maloof's accountant have led me to ignore the set-off provision in terms of current year dollar savings. In other words, I don't particularly care if the Kings save $20 or $200,000 this season on Moore's buy-out. That affects nothing but perhaps whether it's Evian or Pellegrino in Slamson's dressing room this week.

But the summer's salary cap space, obviously, is of concern. So let's work out the math.

* Moore will be an 11-year veteran this summer. The minimum salary for veterans with 10+ years of service next season is $1.3 million.

* The minimum salary for a one-year veteran next season is $736,000.

* The difference between these amounts is $564,000. Half of that is $282,000. So if some team signs Moore to a minimum contract for 2009-10, only $1.718 million of Moore's $2 million guaranteed salary will count against Sacramento's cap. The estimated $12 million in cap space turns into a whopping $12.3 million in cap space.

Let's get optimistic. Instead of a minimum contract, let's say some bold team signs Moore to its bi-annual exception.

* The bi-annual exception is priced at $1.99 million for 2009-10.

* The minimum salary for a one-year veteran next season is $736,000.

* The difference between these amounts is $1.254 million. Half of that is $627,000. If a team signs Moore to its bi-annual exception, the Kings would gain $627,000 in 2009-10 cap space. That's actually not bad.

Things get better should some team give Moore a portion of its mid-level exception. A $3 million salary for Moore, for example, would translate to $1.1 million in extra cap space. It would take a (pipe dream) salary of $4.736 million to completely remove Moore's salary from Sacramento's books. But as you can see, the bigger the contract Moore earns this summer, the better it is for the Kings ... with the stipulation that it's unlikely to make a massive dent.

I, for one, will never root harder for Mikki than I will for the next three months. GO CELTICS! GO MIKKI MOORE!

0 recs  |  Comment 36 comments |

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Sounds like voodoo to me

But whatever works, right?

Never forget: I am a complete idiot

by Exhibit G on Mar 2, 2009 10:59 AM PST reply actions   0 recs

Are you sure this isn't a Ponzi scheme?

SACTOWN ROYALTY - Try our thick creamy shakes!

by section214 on Mar 2, 2009 11:37 AM PST reply actions   0 recs

With KG out...

Moore leads the Celtics to a 2nd straight title!

by LPKingsFan on Mar 2, 2009 11:40 AM PST reply actions   0 recs

Add it to the list of terms I will enjoy hearing this summer

1) Kenny Thomas’s expiring contract
2) Mikki Moore’s MLE signing

by thekangarooster on Mar 2, 2009 11:44 AM PST reply actions   0 recs

K9 is going to be our RLEC next year.

All those 2010 teams will want him. Portland could have traded it and didn’t. We don’t have the luxury of not trading.

by Aykis16 on Mar 2, 2009 2:48 PM PST up reply actions   0 recs

Why not?

What if (just a what if—we’re playing fantasy right?) Ricky Rubio comes over, and Geoff Petrie, and the Maloof’s, think that basketball talent isn’t worth it and the extra money isn’t worth it, why bother?

No mistakes in the tango, darling. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

I am the stone that builder refused..I am the visual...The inspiration..That made lady sing the blues....I'm the spark that makes your idea bright.....The same spark that lights the dark....So that you can know your left from your right...I am the ballot in your box....The bullet in your gun...The inner glow that lets you know...To call your brother son....The story that just begun...The promise of what's to come...And I'm 'a remain a soldier till the war is won....

by pookeyguru on Mar 2, 2009 2:50 PM PST up reply actions   0 recs

DON'T SAY THAT AGAIN...

He will pay off as trade bait. He will…

Wait....Why is everybody clapping? Everyone around me is clapping.... I guess I should be clapping too... GO LAKERS!!! I hate living in So Cal

by 27freethrows on Mar 2, 2009 6:44 PM PST up reply actions   1 recs

where are the cookies?

Put ‘em in the bag, all of ’em. Don’t forget the Oreos. Wait, what is that? Fig Newtons? Fig Newtons!? You might as well give me marked bills mthrfxr.

Donte? Donte'! Donté?!?!
'spect da 'xtra E'

by iashwash on Mar 2, 2009 7:09 PM PST up reply actions   0 recs

much better

rec’d

Donte? Donte'! Donté?!?!
'spect da 'xtra E'

by iashwash on Mar 2, 2009 9:40 PM PST up reply actions   0 recs

Wow

I hope that the Yahoo crowd is ready for this level of conversation.

Very Rec’d, bte.

SACTOWN ROYALTY - Try our thick creamy shakes!

by section214 on Mar 2, 2009 10:16 PM PST up reply actions   0 recs

Nope

They’re not smart enough.

No mistakes in the tango, darling. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

I am the stone that builder refused..I am the visual...The inspiration..That made lady sing the blues....I'm the spark that makes your idea bright.....The same spark that lights the dark....So that you can know your left from your right...I am the ballot in your box....The bullet in your gun...The inner glow that lets you know...To call your brother son....The story that just begun...The promise of what's to come...And I'm 'a remain a soldier till the war is won....

by pookeyguru on Mar 3, 2009 2:32 AM PST up reply actions   0 recs

Hilarious

Better go green soon…

"Let's stop arguing and get together and agree on who really is the problem: PEACHES" - HighTops

by eduardo_m7 on Mar 2, 2009 10:19 PM PST up reply actions   0 recs

At 2:32 am you got your wish

No mistakes in the tango, darling. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

I am the stone that builder refused..I am the visual...The inspiration..That made lady sing the blues....I'm the spark that makes your idea bright.....The same spark that lights the dark....So that you can know your left from your right...I am the ballot in your box....The bullet in your gun...The inner glow that lets you know...To call your brother son....The story that just begun...The promise of what's to come...And I'm 'a remain a soldier till the war is won....

by pookeyguru on Mar 3, 2009 2:32 AM PST up reply actions   0 recs

This is why buyouts are not always all bad!

I hope Mikki plays like a big man’s version of James Posey and helps the Celts to a title and gets overpaid!

by mayfieldcol on Mar 2, 2009 11:52 AM PST reply actions   0 recs

I thought there was Some savings for next year

thanks for the explanation.

So imitate the action of the tiger!
Stiffen the sinews, summon up the blood,
Disguise fair nature with hard-favoured rage.
- lend the eye a terrible aspect,

Now set the teeth - and teach them how to war!
Henry V iii

by lietothegirls on Mar 2, 2009 1:56 PM PST reply actions   0 recs

Thanks for explaining that

I would have failed badly, even though I wasn’t exactly sure what amount was taken out of what. Again, thanks for clearly explaing it.

No mistakes in the tango, darling. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

I am the stone that builder refused..I am the visual...The inspiration..That made lady sing the blues....I'm the spark that makes your idea bright.....The same spark that lights the dark....So that you can know your left from your right...I am the ballot in your box....The bullet in your gun...The inner glow that lets you know...To call your brother son....The story that just begun...The promise of what's to come...And I'm 'a remain a soldier till the war is won....

by pookeyguru on Mar 2, 2009 2:03 PM PST reply actions   0 recs

Re-Reading this

Does the number go down any depending on what the NBA front office pays?

No mistakes in the tango, darling. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

I am the stone that builder refused..I am the visual...The inspiration..That made lady sing the blues....I'm the spark that makes your idea bright.....The same spark that lights the dark....So that you can know your left from your right...I am the ballot in your box....The bullet in your gun...The inner glow that lets you know...To call your brother son....The story that just begun...The promise of what's to come...And I'm 'a remain a soldier till the war is won....

by pookeyguru on Mar 2, 2009 4:06 PM PST up reply actions   0 recs

The NBA front office?

You mean what share of the minimum salary the NBA pays? No. The minimum salaries all across the board are already set as fixed amounts under the 2005 CBA, unlike max salaries, which are derived as a percentage of the (dynamic) salary cap.

by Ziller on Mar 2, 2009 4:13 PM PST up reply actions   0 recs

Thank You

I’d knew you know that answer.

Really on the max contracts? So you’re saying, that if the salary cap goes down the max contracts go down too? (So much for Bill Simmons belief the players will automatically lose the 2011 contract negotiations. Actually, he’s probably right.)

No mistakes in the tango, darling. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

I am the stone that builder refused..I am the visual...The inspiration..That made lady sing the blues....I'm the spark that makes your idea bright.....The same spark that lights the dark....So that you can know your left from your right...I am the ballot in your box....The bullet in your gun...The inner glow that lets you know...To call your brother son....The story that just begun...The promise of what's to come...And I'm 'a remain a soldier till the war is won....

by pookeyguru on Mar 2, 2009 4:21 PM PST up reply actions   0 recs

MLE?

Surely you jest. No team would be stupid enough to sign Mikki Moore to part of the MLE, let alone the whole thing. Oh wait…

by Carl on Mar 2, 2009 4:43 PM PST reply actions   0 recs

All this salary cap stuff

Makes my head hurt.

Seriously, who comes up with this convoluted mess?

Coming to you live from the land of interim coaches.

by LeaguePassAddict on Mar 2, 2009 5:19 PM PST reply actions   0 recs

Must have been a politician

So imitate the action of the tiger!
Stiffen the sinews, summon up the blood,
Disguise fair nature with hard-favoured rage.
- lend the eye a terrible aspect,

Now set the teeth - and teach them how to war!
Henry V iii

by lietothegirls on Mar 2, 2009 6:39 PM PST up reply actions   0 recs

Close, it was Lawyers

"If you don't have anything good to say, LIE" - Mom

by HighTops on Mar 2, 2009 11:10 PM PST up reply actions   0 recs

WoW!

This is the most directly informative thing I have ever read on a hoop sight. Now your next mission if you choose to accept it; What were the rookie salary ranges for picks 1-5 last year and do they count against the salary cap as soon as they are drafted or not until they’re signed.

by ElRonToro on Mar 2, 2009 8:27 PM PST reply actions   0 recs

Okie Dokie

Rose – $4 million
Beasley – $3.6 million
Mayo – $3.2 million
Westbrook – $2.9 million
Love – $2.6 million

It does not count against the cap until the contract is signed.

SACTOWN ROYALTY - Try our thick creamy shakes!

by section214 on Mar 2, 2009 10:19 PM PST up reply actions   0 recs

Thanks

Now, if 1 basketball player dribbles 3 times a second and heads south and another player dribbles two times per second but the ref never calls for travelling and they both go 3 feet per dribble what arena would they each be in after 3 hours if the both start at center court in MSG

by ElRonToro on Mar 2, 2009 10:54 PM PST up reply actions   0 recs

Are these African players or European players?

SACTOWN ROYALTY - Try our thick creamy shakes!

by section214 on Mar 3, 2009 8:59 AM PST up reply actions   0 recs

Wrong!

Well, I assume you’re right about the pay, but you are wrong about the cap.

Unsigned first round picks are included in team salary immediately upon their selection in the draft. They count as 100% of the scale salary for that pick, unless there is a verbal agreement for a higher salary.

From you guessed it LmCoon’s Salary Cap Faq.

I have no idea what the “scale salary” is for each pick, but I think you’d be safe to just add 4 million to our cap if we get the 1st pick.

Ball movement ... is like jogging for most people: They do it occasionally, and it makes them happy. Then they go back to not doing it. - Henry Abbott

by Kfan in Korea on Mar 3, 2009 5:13 AM PST up reply actions   0 recs

To add to your point

Teams usually sign their draft picks to 120% of that scale Kfan.

No mistakes in the tango, darling. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

I am the stone that builder refused..I am the visual...The inspiration..That made lady sing the blues....I'm the spark that makes your idea bright.....The same spark that lights the dark....So that you can know your left from your right...I am the ballot in your box....The bullet in your gun...The inner glow that lets you know...To call your brother son....The story that just begun...The promise of what's to come...And I'm 'a remain a soldier till the war is won....

by pookeyguru on Mar 3, 2009 6:44 AM PST up reply actions   0 recs

I'll trust Coon over me

But I have never seen a 1st round foreign player that has not come over count against the cap. Didn’t see it with Vasquez, didn’t see it with Splitter. Perhaps they count from the time that they are drafted, and it gets adjusted out if they don’t sign by a certain time?

SACTOWN ROYALTY - Try our thick creamy shakes!

by section214 on Mar 3, 2009 9:02 AM PST up reply actions   0 recs

Actually one reason you wouldn't have noticed it

Is because the cap hold didn’t take over the Salary Cap to the point where it mattered. I’m sure the Hold is still there though Section. Cap Hold’s can be tricky things.

And with that, I’m off.

No mistakes in the tango, darling. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

I am the stone that builder refused..I am the visual...The inspiration..That made lady sing the blues....I'm the spark that makes your idea bright.....The same spark that lights the dark....So that you can know your left from your right...I am the ballot in your box....The bullet in your gun...The inner glow that lets you know...To call your brother son....The story that just begun...The promise of what's to come...And I'm 'a remain a soldier till the war is won....

by pookeyguru on Mar 3, 2009 10:15 AM PST up reply actions   0 recs

Yep a cap hold

so you don’t see it unless you’re trying to sign a free agent and then it counts against your cap space.

Ball movement ... is like jogging for most people: They do it occasionally, and it makes them happy. Then they go back to not doing it. - Henry Abbott

by Kfan in Korea on Mar 4, 2009 2:04 AM PST up reply actions   0 recs

Bingo

No mistakes in the tango, darling. Not like life. Simple. That's what makes the tango so great. If you make a mistake, and get all tangled up, you just tango on.....

I am the stone that builder refused..I am the visual...The inspiration..That made lady sing the blues....I'm the spark that makes your idea bright.....The same spark that lights the dark....So that you can know your left from your right...I am the ballot in your box....The bullet in your gun...The inner glow that lets you know...To call your brother son....The story that just begun...The promise of what's to come...And I'm 'a remain a soldier till the war is won....

by pookeyguru on Mar 4, 2009 10:29 AM PST up reply actions   0 recs

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