Chapter 69 Presti's First Day in Office(2/2)
After giving contracts to Wilcox, Yes and others, the total salary of 13 players is close to $65 million.
The league's salary cap next season is US$53 million, the luxury tax trigger line is US$61 million, and the luxury tax threshold is US$4 million.
The contracts of Jalen Rose and LaFrentz are the main reason why the luxury tax is exceeded.
The good news is that Jaylen Rose's 15 million contract expires next season, and Danny Foster's 6.6 million junk contract also expires next season, which will free up 22 million in space for the team.
But that won't happen until next season. This season, he doesn't have to think about fishing for big fish in the free market.
There are actually no big fish in the NBA this year. Jason Terry should still stay in the Mavericks. Now that Ben Wallace has broken with the Pistons, his only goal is a big contract.
The Sonics definitely can't afford Ben Wallace a big contract, and they won't.
Now that the team's operating space is limited, and he is not sure who the team will sell to, his first priority as the general manager is to save money for the team.
Let's see if we can reduce the luxury tax through transactions and get some high-quality assets by the way.
Last year, the Sonics did not have a super luxury tax and suffered a financial loss of 12 million. This year's salary expenses will be 20 million more than last year, and the loss will be even greater.
The morning after the draft is the last time for the board of directors to vote on whether to sell the team to the Goose City Consortium.
According to his understanding, the vote was ultimately terminated because of the intervention of billionaires like Bill Gates and other Seattle tycoons who had little interest in the Sonics before.
This is expected, and this is why the Sonics must get Yes.
As the general manager of the NBA, Presti certainly hopes that his boss is Bill Gates.
Unfortunately, not yet, as Sonics trade negotiations continue.
So now he has to save money for his current boss who is short of money.
Next season will be the time for the SuperSonics and Yes to show off their talents!
This season, no matter how strong Yes is, with the SuperSonics like this, they still can't make it to the playoffs.
"Sam, the Orlando Magic are requesting to trade Milicic for Earl Watson and Johan Petrolo!"
Milicic trade Earl Watson and Johan Petro?
Presti was stunned for a moment.
Chapter completed!