Is it possible to buyout Foyle's remaining roughly $18M (two years) and have it count entirely against this year's salary cap? If so, could the traded player exception be used and save us from the luxury tax hit?
Foyle is due $18M.
We buy him out for $15M immediately.
We have the $15M added to this year's salary for cap calculation purposes.
This puts us over the salary cap at about $70M or whatever.
Use traded player exception so it only counts as $60M for cap calculation.
Pay no luxury tax.
Against the rules? Someone elsewhere brought up the idea, but it seems like alot of cap manipulation to me, more of an NFL trick than an NBA one.
As it stands, we have the capability to do one of 3 things:
- Extend Ellis
- Extend Biedrins
- Bring in a player making less than $10M next year.