New Atlanta Hawks President of Basketball Operations and General Manager Danny Ferry has his work cut out for him this off-season.
The Hawks enter the early stages of the 2012-2013 campaign with only six players under contract, collectively worth a whopping $61M, leaving Ferry very little options in the free agency market as he must fill 7-9 spots on the team with only $9M to spend. That number could fall to about $7.5M once Atlanta signs their two drafted rookies John Jenkins and Mike Scott.
Atlanta can come to terms with free agents in principle, but they won’t become official until July 11, after the league and union set the projected salary cap and luxury-tax levels for the upcoming season.
Hawks beat writer, Michael Cunningham discusses the organization’s current situation:
The MLE can be used to sign free agents for as many as four years at a maximum starting salary of $5 million with annual raises of as much as 4.5 percent. It can be split to sign more than one player.
The BAE can be used to sign free agents for as many as two years at a maximum starting salary of $1.957 million with a raise of up to 4.5 percent in the second year. It can be split to sign more than one player.
Minimum salary contracts can be up to two years in length. The salary is determined based on the player’s experience.”
Al Horford (26), Joe Johnson (31), Zaza Pachulia (28), Josh Smith (26), Jeff Teague (24), Marvin Williams (26)
Jason Collins (33), Erick Dampier (36), Willie Green (30), Kirk Hinrich (31), Ivan Johnson (28), Tracy McGrady (33), Jannero Pargo (32), Vladimir Radmanovic (31), Jerry Stackhouse (37)
*** all players with expired deals = unrestricted free agent … Free Agency Explained
Topics: Al Horford, Atlanta Hawks, Danny Ferry, Erick Dampier, Ivan Johnson, Jannero Pargo, Jason Collins, Jeff Teague, Jerry Stackhouse, Joe Johnson, John Jenkins, Josh Smith, Kirk Hinrich, Marvin Williams, Mike Scott, Tracy McGrady, Vladimir Radmanovic, Willie Green, Zaza Pachulia