The salary cap has been projected at 56.1 million. The Bulls have
their position in the drafted locked in at 17th. Given this
information, it's now possible to determine fairly precisely how much
money the Bulls can spend in free agency.
|Max FA Cost||$16,568,908|
Assuming the Bulls acquire one of the big three,
they'd have just a shade under five million available to offer to a
second player. Overall, they have $21,525,612 to spend on two free
agents if they go minimum contracts with rest of roster. You can add
in another $473,604 for each extra person they split the money amongst
(ie, 3 players could share $21,999,216).
The new estimate is good news for the Bulls. It leaves them quite a bit
more room to add another player after signing one, and it means the
Bulls odds of sign and trading for a star player are marginally better
than they were before.
For example, if the Bulls signed Joe Johnson [his max is actually less
than the max listed], then they could S&T for Chris Bosh with Kirk
Hinrich, Taj Gibson, James Johnson rather than having to include Luol
Deng to match salaries. Granted, the odds of Toronto taking such a
package aren't high, but the Bulls do gain some additional amount of
leverage to make a second S&T work due to the extra wiggle room.
If the Bulls go "value" with free agents, it allows them to pursue two
guys around the 10 million dollar level rather than pursuing one guy
there and one 6-7 million dollar guy. This probably won't come into
play, but it can't hurt.
Overall, I think the nominal game will ultimately be irrelevant for the
team, but it doesn't hurt them in any way, and it does marginally help
Though 30% of the cap is 16.8 million, the 105% rule still applies for the max FAs like LeBron, Bosh, and Wade, because the 30% rule uses BRI not the actual salary cap number, and the BRI figure is slightly less.
We may have slightly less money if Chris Richard has a buyout. It's likely that if a buyout exists that it is for a very low amount of money though. Probably 50k or less, but it would subtract from the 4.9 million left.