Wizards May Not Have Cap Room to Sign Big-Name Free Agents in the Summer of 2010
Sunday, November 23, 2008
NEW YORK, Nov. 22 -- The NBA has been buzzing since the New York Knicks traded Zach Randolph and Jamal Crawford on Friday, moves that will help the team clear $27 million of salary cap space for the summer of 2010 when LeBron James, Chris Bosh and Dwyane Wade, among other big names, are expected to become free agents.
The Wizards' situation likely won't be nearly as cap friendly. Currently, the team has around $41.8 million committed to Gilbert Arenas, Antawn Jamison and Caron Butler for the 2010-11 season and more to DeShawn Stevenson ($4.1 million) and Andray Blatche ($3.3 million).
The team will hold options worth roughly $6.6 million on Nick Young, Oleksiy Pecherov and JaVale McGee. Darius Songaila will hold a player option, one he will almost certainly pick up, for 2010-11 worth $4.18 million.
The good news is that Antonio Daniels, Etan Thomas and Brendan Haywood have contracts totaling $19.9 million that will expire after next season (though the team likely will extend Haywood to prevent him from hitting the open market.)
All told the Wizards, as currently constituted, will have around $60.73 million committed for the 2010-11 season when the salary cap is likely to be around $64.5 million, according to the players' association. And that doesn't include any money required to extend Haywood.
What it all means is this: Barring some major moves by President Ernie Grunfeld, the Wizards do not figure to be major players during the expected summer of 2010 free agent bonanza.
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