With the 2015 NBA offseason now upon us, I thought it'd be a good idea to take a quick look at Sacramento's salary cap sheet. This summer is going to be a very important one for Sacramento as they look to make a big leap next season before heading into a new downtown arena in 2016.
Currently, the Kings have just 10 players under contract for next season. Reggie Evans, Ryan Hollins, Omri Casspi and Andre Miller are all unrestricted free agents. Derrick Williams has the possibility of being a restricted free agent, but given that his qualifying offer is almost $9 million, it seems unlikely the Kings will offer it, making him an unrestricted free agent as well.
The Kings have several unguaranteed contracts on the books as well. Both Eric Moreland and David Stockton are under contract for next season but have fully unguaranteed amounts, meaning they can be cut with no cap consequences. Ray McCallum's contract is also unguaranteed, although it becomes $200,000 guaranteed if he is not waived by July 12th and fully guaranteed if he is not waived by July 20th.
Wayne Ellington remains on the Kings cap sheet for one more season after the Kings waived him last summer using the stretch provision. His cap hit cannot be removed.
|#6 overall pick||$2,831,900|
*Not on roster
The 2015-16 salary cap is projected to be around $67.1 million meaning the Kings have about $8.5 million to spend. That's slightly more than Sacramento was able to spend last summer when they did not have any available space and were only able to use exceptions and minimum contracts. Because the Kings are under the cap this year, they won't be able to use exceptions to go over the cap. Those exceptions count as a cap hold until they're renounced by their teams (so the Kings don't have $8.5 million and THEN the ability to use a full MLE and Bi-annual exception). One exception that the Kings will have a "Room Mid-Level Exception" worth about $2.8 million for two years total.
$8.5 million is not a whole lot to work with in terms of free agency, so I wouldn't expect any huge additions to the roster via free agency. However, that being said, the Kings could potentially free up more space by waiving and/or trading some players. It will be interesting to see how the Kings handle free agency this summer given that they do have some money to work with. Overpaying for players now could be a good strategy given that the cap is expected to increase to an obscene $108 million in the 2016-17 season due to the influx of new television deal money. That summer is going to be a feeding frenzy for free agency with the potential to completely reshape the NBA. Bad deals now could end up looking like bargains in just a year.