Quoting: weirfanno1
I just did the math. Hmm maybe capfriendly should have him on IR not LTIR so it's not so miss leading...
With Weber 7,857,143 cap hit goes officially on LTIR on opening day it puts them just under. Hague when he gets his contract will push them a bit over so a move is going to still have to happen somewhere.
Yeah, it took me a while to figure that out too. You just have to remember that Cap Friendly always includes LTIR players in its Projected Cap Hit number. I think this is because of the way the CBA is written. It doesn’t say the LTIR players don’t count against the cap. It says that teams with players on LTIR are allowed to exceed the cap by the players’ AAV. This may sound like the same thing, but it’s not quite. For example, if you have a $7M AAV player on LTIR, but you only use $5M of that, even though you have an additional $2M you can spend, you’re still considered over the cap. You don’t get to accrue that $2M. This is different from actually being $2M under the cap.
So a team that is using LTIR to exceed the cap will always show as having no cap space, but this doesn’t necessarily mean they can’t spend more. To figure out how much they have available to spend, normally you can look at the difference between the Projected LTIR Used line and the total AAV of the players who are on LTIR. However, it looks like Cap Friendly doesn’t provide a Projected LTIR Used number in the off-season, so to figure out how much AAV a team that is over the cap now can add or needs to subtract, look at the Projected Cap Space, which will be a negative number, combine that with the total AAV of the players you think are going to be on LTIR, and if the difference is a positive number, then they can add more cap hit to the tune of that amount. If it’s negative, then unless somebody else goes on LTIR they’ll need to unload cap hit from among their healthy players.
As of today, Vegas’s Projected Cap Space is -5,794,643. Weber’s AAV is 7,857,143, so assuming Weber stays on LTIR, they are cap compliant now, and they can spend an additional $2,062,500 AAV and still be compliant.