The key for the Grizzlies this summer is re-signing Mike Conley, but if Memphis can quickly secure a verbal commitment from the point guard, the team can manipulate his relatively small cap hold to sign other free agents into cap space before circling back to formally sign him. It’s much the same strategy the Spurs employed when they used Kawhi Leonard‘s minuscule cap hold to create room to sign LaMarcus Aldridge last summer and the Pistons plan to execute with Andre Drummond‘s cap hold this summer. Conley isn’t a restricted free agent like Leonard was and Drummond will be, but because he’s on such a bargain contract, his cap hold is much cheaper than the estimated $26MM maximum salary he’s eligible to sign for. So, look for the Grizzlies to keep him unsigned as long as possible, thus maintaining a roughly $14MM cap hit instead of one nearly twice as large. See how the Grizzlies’ cap situation looks for 2016/17 as Hoops Rumors continues its offseason salary cap digest series.
Guaranteed salary
- Marc Gasol ($21,165,675)
- Zach Randolph ($10,361,445)
- Brandan Wright ($5,709,880)
- Tony Allen ($5,505,618)
- Vince Carter ($2,000,000) — Partial guarantee; non-guaranteed portion listed below
- Jordan Adams ($1,465,080)
- Jarell Martin ($1,286,160)
- (Jamaal Franklin $163,296) — Salary remaining from release via stretch provision
- Total: $47,657,154
Player options
- None
Team options
- Lance Stephenson ($9,405,000)
- Xavier Munford ($874,636)
- Total: $10,279,636
Non-guaranteed salary
- Vince Carter ($2,264,057) — Partial guarantee; guaranteed portion listed above
- JaMychal Green ($980,431)
- Total: $3,244,488
Restricted Free Agents (Qualifying Offers/Cap Holds)
- Bryce Cotton ($1,180,431/$1,180,431)
- Xavier Munford ($1,074,636/$1,074,636) — Pending team option
- Totals: ($2,255,067/$2,255,067)
Unrestricted Free Agents (Cap Holds)
- Mike Conley ($14,082,639)
- Lance Stephenson ($11,700,000) — Pending team option
- Chris Andersen ($9,500,000)
- Matt Barnes ($6,730,750)
- P.J. Hairston ($1,253,160)1
- Jordan Farmar ($980,431)
- Total: $44,246,980
Other Cap Holds
- No. 17 pick ($1,494,800)
- Nick Calathes ($1,180,431)
- Keyon Dooling ($980,431)
- Total: $3,655,662
Projected Salary Cap: $92,000,000
Footnotes:
- The Grizzlies can’t re-sign Hairston to a contract with a starting salary worth more than the amount listed here because the Hornets declined their team option on his rookie scale contract before the start of the season. Charlotte subsequently traded Hairston to Memphis, which inherits the restriction.
The Basketball Insiders salary pages were used in the creation of this post.