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re: 2024/2025 Pelicans Salary Discussion
Posted on 7/9/24 at 4:55 pm to TeddyPadillac
Posted on 7/9/24 at 4:55 pm to TeddyPadillac
These new rules are tough
I can't believe golden state is so far over with that current roster.
Surprised they didn't move Wiggins.
I can't believe golden state is so far over with that current roster.
Surprised they didn't move Wiggins.
0
Posted on 7/9/24 at 7:13 pm to Chalkywhite84
quote:
Isn't alvarado's deal up after this year?
Yes, an extension for him this year is important, IMO.
But that discussion obviously can't take place until after Trey's extension, which can't happen until the BI trade.
Posted on 7/9/24 at 9:55 pm to PELsu
Thanks for the apron info. My guess is this will be the lineup in preseason with a few summer leaguers.
Posted on 7/10/24 at 4:14 am to TeddyPadillac
quote:
Now that shouldn't matter to an NBA team in todays world b/c they shoudl all be making tons of money now, but it starts adding up when you build a championship caliber team and you have to pay the repeater tax, and deal with the restrictions of it.
Isn't the cap generated on the projection of the players share of revenue? So when you go over, you are giving the players more than their share (salary, not the tax/penalty portion).
I get why teams like the Warriors were able to do it, with the revenue they generate. But I never understood why it's expected for owners of smaller teams, with less revenue, to be expected to come out of their pockets to compete. If I own an asset worth 2B, I would hope that I would receive some financial benefit from it, and don't have to wait to sell it to realize that benefit..
Posted on 7/10/24 at 5:10 am to PELsu
Outstanding analysis and comments, folks .....extremely enlightening !
Have a great day !
Have a great day !
Posted on 7/10/24 at 9:40 am to brmark70816
quote:
But I never understood why it's expected for owners of smaller teams, with less revenue, to be expected to come out of their pockets to compete. If I own an asset worth 2B, I would hope that I would receive some financial benefit from it, and don't have to wait to sell it to realize that benefit..
Again, this isn't the old nba where some teams weren't pulling in a ton of revenue.
10 years ago the Pelicans annual revenue was $116M. This past year it was $262M
The Pelicans revenue the last 2 seasons has been around $260M, which is up considerably from the previous 5 seasons where it was right around $200M. And that revenue is about to go up even more over the next 10 years with the new tv deal. and they get an additional $40M from tickets.
That's somewhere around $300M in revenue for the Pels, and their operating income and player salaries are around $210M. They aren't hurting for money. They would'nt be worth $2.5B if they weren't making a ton of money.
The Pelicans bring in more money than the T-Wolves, and they are about to have a tax bill that will be anywhere from $50-100M for this season. I seriously doubt that money is coming out of A-Rod's investment groups pocket. That's not how investment groups work.
Posted on 7/10/24 at 10:25 am to TeddyPadillac
OK, Spotrac did me a favor and updated the Daniel Theis numbers for me. We appear to be sitting at right about $900,000 under the luxury tax. I feel like this is currently correct, counting the Murray likely incentives and not counting the unlikely.
Biggest thing I am still unclear on is if the 13-15 rostered players count towards the luxury tax number if not the cap number. Just need to actually get a break and do more digging. But this does show why we are so slow and intentional with our movements. Dollars are tight.
Biggest thing I am still unclear on is if the 13-15 rostered players count towards the luxury tax number if not the cap number. Just need to actually get a break and do more digging. But this does show why we are so slow and intentional with our movements. Dollars are tight.
Posted on 7/10/24 at 1:04 pm to PELsu
We can also waive Matt Ryan and save 2.2M as long as its done before the start of the season.
Posted on 7/10/24 at 1:06 pm to Mickey Goldmill
Yeah, but you still need 14 players on the roster so you don't save $2.2 million. You can save about $200k doing that because you need to replace him, even if you replace him with himself on a slight paycut.
Posted on 7/10/24 at 1:10 pm to TigerinATL
ah thats true.
Posted on 7/10/24 at 1:12 pm to Mickey Goldmill
It’s wild how you can have such a seemingly deep team yet so little in actual expendable players. We are basically looking at either a BI, CJ or Hawkins trade to do anything substantial dollars wise.
Posted on 7/10/24 at 1:13 pm to TeddyPadillac
quote:
Again, this isn't the old nba where some teams weren't pulling in a ton of revenue.
10 years ago the Pelicans annual revenue was $116M. This past year it was $262M
The Pelicans revenue the last 2 seasons has been around $260M, which is up considerably from the previous 5 seasons where it was right around $200M. And that revenue is about to go up even more over the next 10 years with the new tv deal. and they get an additional $40M from tickets.
That's somewhere around $300M in revenue for the Pels, and their operating income and player salaries are around $210M. They aren't hurting for money. They would'nt be worth $2.5B if they weren't making a ton of money.
The Pelicans bring in more money than the T-Wolves, and they are about to have a tax bill that will be anywhere from $50-100M for this season. I seriously doubt that money is coming out of A-Rod's investment groups pocket. That's not how investment groups work.
Yeah Gayle can easily pay the tax. Maybe not to the level of tax the warriors have been paying but she can pay what we would need her to pay.
It is a matter of if she wants to pay it.
Posted on 7/10/24 at 1:24 pm to Balsamic_duck
I have no issue with us avoiding the tax as long as we are willing to jump in for the right move. For example, if the mythical center was available to complete the team. But to slightly go over and lose the $10+ million share, and then risk future repeater tax is just bad business.
Posted on 7/10/24 at 1:31 pm to Balsamic_duck
quote:
It is a matter of if she wants to pay it.
and when you say "pay it", what that means is does she want to be less profitable while still being very profitable, not does she want to pony up her own money b/c the team doesn't have the means to pay it without going in the red.
This isn't some rich oil guy paying money out of his pocket to make Manchester City the best in the world, and not actually making a profit on the team he owns. They lost over $100M in 2023, but that is nothing to a guy who's worth $17B, and who's family is worth $1T.
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