Jul 6, 2014, 12:30 PM EDT
Free agents continue to count against the salary cap until they sign – either with their current team or elsewhere – or until they’re renounced. Beyond their four players under contract (Kobe Bryant, Steve Nash, Robert Sacre and Kendall Marshall) and first-round pick (Julius Randle), the Lakers have 21 free agents counting against the cap.*
*Technically 23 including Kaman and Meeks, but those two are good as gone.
Among those 21, according to ShamSports.com, are:
- Andrew Goudelock (last played in 2013)
- Theo Ratliff (2011)
- Joe Smith (2011)
- Ira Newble (2008)
- Shammond Williams (2007)
- Jim Jackson (2006)
- Karl Malone (2004)
- Horace Grant (2004)
- Brian Shaw (2003)
- Mitch Richmond (2002)
- Ron Harper (2001)
- John Salley (2000)
That list includes two Hall of Famers (Malone and the elected-but-not-yet-inducted Richmond), a TV personality (Salley) and the head coach of the Denver Nuggets (Shaw).
In total, those 12 count nearly $15 million against the cap – though when the time comes, the Lakers will simply renounce them. It’s a effortless step.
So, why bother to keep them listed in the first place?
Simply, there is no reason for the Lakers to renounce those players until there’s a reason to renounce them. They don’t actually get paid. They don’t count toward the luxury tax.
They just count against the cap, and it’s been many years since the Lakers tried to dip below the cap. If the Lakers want cap room this season, those 12 will be the first to get renounced.
So, again, what’s the point keeping them on the books?
In the previous Collective Bargaining Agreement, those players could be signed-and-traded. The Lakers could exceed the cap to re-sign those players using Bird rights, early Bird rights or non-Bird rights and include them in sign-and-trades in order to make salaries match.
Famously, Keith Van Horn participated in such an arrangement, going from the Mavericks to the Nets in the Jason Kidd trade two years after his retirement. In it for Van Horn? The $4.3 million necessary to make the trade work.
However, the current Collective Bargaining Agreement requires a player finished the preceding season with a team to be sign-and-traded. So, keeping these retired players no longer serves the scheme’s once-primary purpose
Once more, why do it? Still, the answer is, why not?
Maybe Harper will train really hard and make a miraculous comeback that has teams bidding over his services. In that case, the Lakers would have the inside track at re-signing him. There’s no reason to throw away that possibility, no matter how remote.
The Lakers are not alone with such strange cap holds.
The Celtics still have cap holds for Shaquille O’Neal, Grant Long and Michael Finley. The Knicks have Baron Davis and Mike Bibby. The Grizzlies have Gilbert Arenas. There are others around the league.
But this quirk won’t last much longer.
The new CBA makes these holds a relic. Beyond the inability to sign-and-trade these players, the current climate encourages teams to dip below the cap more frequently. I can’t imagine any team going more than a dozen years without cap room anytime soon.
Enjoy John Salley’s last days with the Lakers – 14 years after his retirement – while you can.
Report: Tim Duncan, Tony Parker part of Spurs pitch to LaMarcus Aldridge (and they may be favorites)
Jun 30, 2015, 1:01 AM EDT
The Spurs are right at the front of the line with the Lakers to win Aldridge over.
Jun 29, 2015, 11:45 PM EDT
We knew Korver would need ankle surgery, but this is a bit of a surprise.
Jun 29, 2015, 10:45 PM EDT
Aldridge is expected to leave Portland, and the most recent report has the Lakers as the frontrunners to retain his services.
Jun 29, 2015, 9:45 PM EDT
Clippers remain frontrunners to retain Jordan’s services; Lakers, Mavericks also in the mix.
Jun 29, 2015, 8:45 PM EDT
Antic was with the Hawks the last two seasons.
Jun 29, 2015, 7:45 PM EDT
Davis is looking for a multi-year deal.
Jun 29, 2015, 6:50 PM EDT
The bottom line is this: Butler is going to be a Bull next season.
Jun 29, 2015, 6:16 PM EDT
The first rule of trading a player is to not look like you want to trade that player.
Jun 29, 2015, 5:20 PM EDT
Kind of hard to picture him going to the Raptors considering the other options on the table.
Jun 29, 2015, 4:31 PM EDT
The real question for Wade and his effort to leverage the Heat: Who is going to give him more money than Miami?
Jun 29, 2015, 3:44 PM EDT
The report says $12 million a year for Afflalo, that price seems steep.
Jun 29, 2015, 3:18 PM EDT
They are trying to keep those two while dealing Joe Johnson and Deron Williams.
Jun 29, 2015, 2:46 PM EDT
Expect the Bledsoe drama to play out through the summer. Again.
Jun 29, 2015, 1:55 PM EDT
He has more leverage this way, can get a longer deal.
Jun 29, 2015, 1:24 PM EDT
Doesn’t Butler strike you as the kind of veteran the Spurs bring in and he’s rejuvenated?
Jun 29, 2015, 12:44 PM EDT
The question is only what length of contract Love will sign.
Jun 29, 2015, 11:50 AM EDT
Where is Wade going to find a better deal on the open market?
Jun 29, 2015, 11:10 AM EDT
Stan Van Gundy’s offense doesn’t really fit two traditional bigs.
Jun 29, 2015, 10:37 AM EDT
There is interest in Joe Johnson out there, but his $24.9 million salary limits it.
Jun 29, 2015, 9:57 AM EDT
The Wizards would like to find a stretch four this summer then play Nene more as a backup to Gortat.
- Report: Chicago Bulls give Jimmy Butler max qualifying offer 17
- Report: Dwyane Wade will not opt-in with Heat, to become free agent (as expected) 25
- Report: Knicks front runner to land Arron Afflalo (and Greg Monroe, too) 27
- Report: Luol Deng surprises Miami, opts in for 2015-16 season 30
- Report: Sense around league is Kevin Love will re-sign with Cavaliers 31
- Report: As deadline nears, signs still point to Dwyane Wade opting out, becoming free agent 40
- Report: Dallas most likely team to lure DeAndre Jordan from Clippers, Chandler Parsons already recruiting 24
- Report: Lakers would still trade D’Angelo Russell for DeMarcus Cousins straight up. Kings wouldn’t. 30