Unless you’re a cave man that lives under a rock, I’m sure you’ve heard the news of Grant Hill retiring by now.
And for those who are and aren’t math wizards or THE Larry Coon, there will be questions about what happens with Hill’s salary now that he’s retired. Here’s a tweet from LA Times writer Eric Pincus shedding light onto the situation:
In cap news – Grant Hill’s $2,045,065 will come off Clippers books for next season – which helps as they near lux tax apron (if CP3 returns)
— Eric Pincus (@EricPincus) June 2, 2013
That leaves the Clippers with a guaranteed amount of $43,240,524 heading into the NBA Draft.
Combine that guaranteed cap space with Chris Paul re-signing to a max deal (est. $20,315,400) and the Clips retaining Willie Green ($1,399,507) whose contract is non-guaranteed next season, this puts the salary at around $64.955 million.
All of that puts the team right below the luxury tax which is $70.307 million. Being under the apron (The apron is the point $4 million above the tax line) makes the team able to operate in a sign-and-trade (Eric Bledsoe maybe) and to use the non-taxpayer’s mid-level exception (Matt Barnes?) which is at $5 million this season.
There are lots of rules to the CBA that the average fan doesn’t know of, so be sure to check out the CBA Faq to inform yourself before free agency hits.