With cornerstone pieces like Mike Conley and Marc Gasol locked up for the long term, the Grizzlies looked to add another player to their core last summer, and landed on Chandler Parsons, who signed a maximum salary contract with the team. Parsons’ first year in Memphis was derailed by injuries, which prevented the club from taking a step toward title contention. With Parsons’ pricey deal on the books for three more years, the Grizzlies will have to hope he’s able to contribute something going forward, since his contract – combined with Conley’s and Gasol’s – will make it very difficult for the team to add any other marquee players.
Here’s where things currently stand for the Grizzlies financially, as we continue our Offseason Salary Cap Digest series for 2017:
Guaranteed Salary
- Mike Conley ($28,530,608)
- Chandler Parsons ($23,112,004)
- Marc Gasol ($22,642,350)
- Brandan Wright ($5,955,760)
- Troy Daniels ($3,408,520)
- James Ennis ($3,028,410)
- Wade Baldwin ($1,874,400)
- Jarell Martin ($1,471,382)
- Deyonta Davis ($1,312,611)
- Andrew Harrison ($1,312,611)
- Jamaal Franklin ($163,296) — Waived via stretch provision
- Total: $92,811,952
Player Options
- None
Team Options
- Wayne Selden ($1,312,611)
- Total: $1,312,611
Non-Guaranteed Salary
- None
Restricted Free Agents
- JaMychal Green ($2,820,497 qualifying offer / $2,820,497 cap hold)
- Total: $2,820,497
Cap Holds
- Zach Randolph ($15,542,168)
- Tony Allen ($10,460,674)
- Vince Carter ($8,101,708)
- Wayne Selden ($1,312,611) — If team option is declined
- Total: $35,417,161
Projected Salary Cap: $101,000,000
Maximum Cap Room: $6,556,818
- With no cap hold for a first-round draft pick to worry about, the Grizzlies would have $94,443,182 on their books if they only kept their players on guaranteed salaries, plus a pair of empty roster cap charges. In that scenario though, their projected cap room would be less than the mid-level exception, and it would mean renouncing free agents like Green, Randolph, Allen, and Carter. As such, Memphis is far more likely to stay over the cap and make an effort to re-sign at least a couple of those players.
Salary information from Basketball Insiders and The Vertical was used in the creation of this post.
Memphis should have a relatively easy time keeping their roster together. Allen basically said he’d take a discount, Carter should be cheap or cheaply replaceable, I would imagine they have Bird rights for Z-Bo, and they can match offers on Green. Should be pretty easy.
Chandler Parsons. The type of contact that gets a GM fired. Giving Noah a run for worst contract, though Noah is 5M less per year.