I’ve made this page to inform you of where our salary allowance is being spent. Below are notes explaining the different contract types and whether or not the money is guaranteed. Anything not colored is guaranteed money. The colors indicate various contract abnormalities. I’ve indicated what each color represents below.
2014-15 Salary Cap: $63,065,000
The salary values colored green indicate that the player has a Player Option for that season. This option allows the player to decide if they want to stay with the team for that season, of if he would rather become an unrestricted free agent.
The salary values colored blue indicate that the player has a Team Option for that season. This option allows the team to decide if it want to keep the player for that season or not. If the team decides to decline the Team Option, the player becomes an unrestricted free agent.
The salary values colored red indicate that the player has a Qualifying Offer for that season. The Qualifying Offer allows a team to make a certain player an unrestricted free agent. The team first has to submit a contract offer to the player before June 30. The offer’s value must be either 125% of the player’s contract for the previous season or the minimum value for what the player is eligible plus another $175,000 (which ever value is larger). If the player accepts, he plays for his team from the previous season. After that season, he becomes a restricted free agent. If the player declines the offer, he becomes a restricted free agent.
The salary values colored purple indicate that the player’s salary for that season is not guaranteed. If the player is waived before July 31 of that summer, the team will not pay him. If he is on the roster on August 1, he is fully guaranteed the salary value.
The maximum salary for a player is defined by how long they’ve been in the NBA. The following chart details how much the max salary for a player in a single season is.
|Years of Experience||0-6||7-9||10+|