TAS
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- Jun 3, 2008
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Projected Salary Cap + Luxury Tax Threshold for 09-10
Salary Cap $58,000,000.00
Luxury Tax Threshold $71,000,000.00
*Question: HEY...STUPID CANADIAN...WHY DOES IT SAY WALLY $19.2 Million?
Until Wally gets a new contract (from other teams or the Cavs) he will count as a ghost player on our team. The same goes for every player that i listed under Cap Hold(Jawd, Joe &Wright).
*Question:Then why is Eric Snow's salary $0?
The Cavaliers actually waived Eric during the season. The Cavaliers only paid around $4 million of his $7.3 million for 08-09 season because he retired due to “medical reasons”. The league approved the move after an NBA appointed doctor examined Snow. The insurance company is eating half the bill. Our 08-09 payroll was around $92 million, meaning this move will save Gilbert over $10 million (salary +luxury tax).
*Question: Why is Sasha still on the roster, even though his contract is non-guaranteed?
Players on non-guaranteed are not included in team salary unless they make the regular season roster. Great asset for the Cavs, they can trade him to a team that needs cap relief or just let waive him.
*Question: Why is the 2009 1st rounder on there?
Because we have to sign the pick.
*Question: OTC? What does that mean?
OTC= Over The Cap.
LTP = Luxury Tax Paid
Gilbert has dished out over $35,589,079.00 in tax payments just in the past three seasons.:thumbdown
Salary Cap $58,000,000.00
Luxury Tax Threshold $71,000,000.00
*Question: HEY...STUPID CANADIAN...WHY DOES IT SAY WALLY $19.2 Million?
Until Wally gets a new contract (from other teams or the Cavs) he will count as a ghost player on our team. The same goes for every player that i listed under Cap Hold(Jawd, Joe &Wright).
*Question:Then why is Eric Snow's salary $0?
The Cavaliers actually waived Eric during the season. The Cavaliers only paid around $4 million of his $7.3 million for 08-09 season because he retired due to “medical reasons”. The league approved the move after an NBA appointed doctor examined Snow. The insurance company is eating half the bill. Our 08-09 payroll was around $92 million, meaning this move will save Gilbert over $10 million (salary +luxury tax).
*Question: Why is Sasha still on the roster, even though his contract is non-guaranteed?
Players on non-guaranteed are not included in team salary unless they make the regular season roster. Great asset for the Cavs, they can trade him to a team that needs cap relief or just let waive him.
*Question: Why is the 2009 1st rounder on there?
Because we have to sign the pick.
*Question: OTC? What does that mean?
OTC= Over The Cap.
LTP = Luxury Tax Paid
Gilbert has dished out over $35,589,079.00 in tax payments just in the past three seasons.:thumbdown
