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Currently, the Celts are capped out for next year, having a $73 million payroll for a salary cap that will be around $60 million.However, theoretically, the Celtics could clear some decent cap space if KG retired. (This is more of a thought exercise than anything else, so feel free to nit pick). Here's how:(All salary info found here: https://docs.google.com/spreadsheet/pub?key=0AodNvAy3ZYZmdGE3NDBqMElRUXh2REN4Q3pZRG1TU1E&gid=4)1. KG formally retires. His $12.44 million comes off the books.2. We waive Pierce. His salary counts as $5 million against our cap.3. We "stretch" Jason Terry's contract over 5 years. His annual cap hit is $2.14 million.4. We "stretch" Brandon Bass contract over 5 years. His annual cap hit is $2.67 million.5. (I'm not sure if this is allowed:) We "stretch" Pierce's contract over 3 years. His annual cap hit is $1.67 million.Under those circumstances, we'd have 6 players under contract, totaling approximately $31.4 million. Add in $6.5 million in dead money for waived players, around $2.5 million for "incomplete roster charges", and say $1.5 million for a draft pick.Assuming a $60 million cap, that would leave us about $18 million in cap room, and a $2.575 million room exception. Does anybody think it's worth it?EDIT: Also, we could actually clear a small bit more, if we decided to waive Terry or Green. We'd be limited to carrying around $9 million in dead money.
Just trade Pierce and Terry. No need to waive or stretch their contracts. People will offer expiring contracts for those two. No need to take a cap hit at all.
I don't think it's worth it from the standpoint of who's left to draw in a FA worth that kind of $? no KG, no PP and Rondo's out for decent portion of the season with no guarantee he'd ever return to the level of player he was pre-injury.
Question:How many times can you "stretch" a contract?
Probably not worth it unless you get a Top 10 NBA player. I'd rather imagine a scenario where Pierce retires at the end of his current contract and Garnett decides to hang it up a year early at the same time. At that point, Terry and Bass become expiring contracts with trade value.I think the team should value being flexible until it determines how well Rondo will recover from his injury.
Quote from: Kane3387 on January 29, 2013, 12:19:44 PMQuestion:How many times can you "stretch" a contract?Not 100% certain ... but I think it is a percentage of your cap. You can do it as many times as you want up to that percentage. And I think the percentage was 25% of your cap. So 25% of $58 million would be $14.5 million.
Can't we use the Amnesty on Pierce?