If all goes moderately well this season, the Charlotte Hornets will enter the summer of 2015 with Playoff momentum, a huge boost in fans (and associated revenue) and a decent amount of maneuverability to further improve the team towards contention.
CBA guru Larry Coon has predicted the league salary cap will rise from a little over $63m to $66.5m next July – a full $3m plus more than the current mark. If $66.5m is indeed the number, GM Rich Cho could have a some extra cash to play with should a few key scenarios play out:
Kemba Walker’s Free Agency
The Bobcats drafted two Lottery picks back in 2011 and four years later at least one is worth re-signing. Depending on Kemba’s development and performance this season, he could command a salary starting at Isaiah Thomas’ 4yr/$27m deal and go all the way up to Ty Lawson’s 4yr/$48m contract. Cho could also choose to sign & trade Kemba for another PG – Rajon Rondo for example. Either way, due to his Lottery pick status, Walker will count as an $8.1m cap hold until his situation is resolved.
Biz and JT’s Free Agency
The other Bobcats 2011 Lottery Pick, Bismack Biyombo, counts a whopping $9.6m towards the cap until he’s either re-signed or renounced thanks to his seventh overall selection status. As I’ve written at length before, this is just one of the reasons why Biz is likely gone sooner than later. Fellow restricted free agent and 2012 Second Round pick Jeff Taylor has a cap hold of around $1.2m, the same as his qualifying offer – given the small number and the team’s investment in JT, it’s likely they’d bring him back.
Gerald Henderson’s Future
Hendo has a player option next season at $6m. He’ll be 27 and will have played the first six years of his career in relative obscurity for mostly bad Bobcats teams. That’s a prime age for athletic two-way wings so I’d be willing to bet that he exercises the option in favor of a nice new longterm deal. And with P.J. Hairston, Taylor and Lance Stephenson already under contract, I’m sure the Hornets wouldn’t mind that decision at all.
The Big Al Situation
Jefferson also has a player option for next season at $13.5m and should he have anything close to the year he had in ’13-’14 (All-NBA Third Team), look for Big Al to exercise the option and get a nice raise. Jefferson loves Charlotte and they love him. He’ll be 30 at the time of signing, so I could see both sides settling on a 3yr,$45m “extension” after the opt-out.
Cody VS Vonleh
In the chance that Noah has stopped growing vertically, the Hornets will find themselves with some serious Lottery redundancy. Both Cody and Vonleh currently project as PFs and Charlotte may find that it’s sunk too many resources into one position. A big trade featuring one of the young big prospects could be on the horizon.
2015 Draft Picks
After years on the extremes (either no picks or multiple ones), the Hornets are finally first rounder neutral going forward. They are neither owed an extra first round pick nor are they owing. Look for the selection to fall in the late teens or early twenties depending on how just successful the season goes; generally a good place to pickup cheap rotation depth with upside.
Hitting the Market
If all of the above goes down (Kemba and Al sign reasonable extensions, Hendo opts out and Biz is renounced) Cho will have somewhere around $6m to spend under the cap on free agents and could clear up more room by sending back an enticing young player (Cody/Noah) via sign & trade. The recent regime has been crafty with their cap room; expect them to do something of note with it.