Team Trade Assets
As Insider runs through every NBA team digging for answers, here are a few notes to keep in mind:
Team payroll: The 2004-05 payroll numbers for each team are estimated. The exact numbers aren't available right now due to slight fluctuations with non-guaranteed contracts and trades. However, the numbers are close.
This year, the cap came in at $43.87 million. The 2005-06 payroll figures are for committed salaries only. First-round draft picks and free-agent cap holds can potentially reduce the amount of cap space the team has available.
The Hawks, Bobcats, Cavaliers, Bulls, Clippers and Sonics should have significant cap room next summer if the cap comes in at around $45 million. The Sonics (Ray Allen, Vladimir Radmanovic, Antonio Daniels), Bulls (Eddy Curry, Tyson Chandler), Cavs (Zydrunas Ilgauskas, Jeff McInnis) and Clippers (Marko Jaric, Bobby Simmons) have significant free agents they intend to re-sign, which will cut well into their cap room.
Team assets: This contains a list of all current cap room, owned draft picks and trade exceptions. Only three teams have cap room for the trade deadline: Hawks ($3.3 million), Bobcats ($6 million) and Jazz ($5.5 million).
A team cannot trade consecutive future first round picks. However, once the team has made its draft selection, it is free to trade the rights to the player it selected. Teams that are prohibited from trading their first-round pick are noted below.
Trade exceptions can be used to acquire a player or players whose salary equals the trade exception, or to claim a player off waivers whose contract equals the trade exception. Free agents cannot be signed using the exception, however. For a more detailed explanation of how the exception is aquired and used, see our trade primer.
Tradeable expiring contracts: Under each team is a list of expiring and non-guaranteed contracts, and contracts with team options for '05-06, that teams can deal before the Feb. 24 trade deadline. Several players, such as Stromile Swift and Toni Kukoc, are not on this list, despite having expiring contracts. That's because the contracts they signed prohibit them from being traded this season.
These expiring contracts are valuable trading chips. Teams want to acquire them to cut payroll for the upcoming summer. A team willing to trade an expiring contract for one with a few years on it can get a lot in return.
With that said, expiring contracts aren't as valuable this year as they normally would be. Teams believe there won't be a luxury tax this year. In past years, teams have tried to radically reduce payroll at the deadline in order to avoid paying the tax.
Untradeable or difficult-to-trade contracts: The term "poison pill" is not a derogatory term for a player. It's a specific term for a certain type of contract tied to rookie extensions.
Check out our trade rules story for fuller definitions of all the terms we've used on the team assets page.
2004-05: $40.5 million
2005-06: $18 million
Tradeable expiring contracts:
Kenny Anderson, $745,046
Chris Crawford, $3,250,000
Predrag Drobnjak, $2,550,000 ('05-06 not guaranteed)
Tyronn Lue, $1,650,000
Antoine Walker, $14,625,000
Kevin Willis, $1,300,000
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