If the Wizards renounce Foye's rights, however, the team could potentially have about $23 million...

If the Wizards renounce Foye's rights, however, the team could potentially have about $23 million in salary cap space to use toward free agents and other trade acquisitions. Saunders said Foye is definitely someone that the team would consider bringing back. "We like some of the things that he can do," he said.

A league source said it is unlikely that the Wizards would retain Foye at the price of his qualifying offer, opening up the opportunity for him to walk without compensation.

From Michael Lee's article on Randy Foye today.

about 2 years ago Mike Prada 11 comments 0 recs |

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$23 Million???

How does Lee get that figure? Does he assume a salary cap of $58 million, like this season? According to the NBA memo from last season, that will not be the case. In fact, a $53 million cap might be the best-case scenario.

"It's OK for the Bullets to trade baskets, as long as they can score on their end." -- Words of wisdom from Phil Chenier

"...don't ever think it can't get any worse, because it can. There's no question, it can." -- Flip Saunders unintentionally coining the new Washington Wizards motto

by cuppettcj on Apr 6, 2010 3:26 PM EDT reply actions

stomach turning

every time I read about Stephon Curry and the Wiz.

by Jheiser3 on Apr 6, 2010 3:58 PM EDT reply actions

yup. makes me sick!

by killa_kev on Apr 6, 2010 4:22 PM EDT up reply actions

Yet

another reminder of what a blunder that deal was. After Foye and Miller are gone, we will have essentially suffered through that dreadful season for 2 rent-a-players. Even if we had taken Rubio, having him in 2 years would be better than renting 2 sometimes starters for one year.

I’m just curious, does anyone still think that trade was a good thing?

by CJHutch on Apr 6, 2010 4:05 PM EDT reply actions

no - obviously not a good thing

but given the way the team thought it was heading in the off season, it was at least understandable. win now – miller would have been an awesome 6th man on a good team. foye made sense as a scorer off the bench as well.
so, while not a good thing, i was in favor of it at the time.

"how ironic - you came here with a mouse in a bottle, now YOU are the mouse in the bottle" - B.M. Smith

by little stevie colter on Apr 6, 2010 4:12 PM EDT up reply actions

like I said then

Yes, I understood the reasoning. But I still did not agree with the deal then, and I definitely hate it even more now. The only way to sustain a good team is to constantly inject youth. (That is, unless you are the Lakers). On top of that, it’s been way too long since we’ve drafted a “cornerstone player.” At least one for our team. Now, maybe that’s Blatche, who knows. But the bottom line is, we need to start valuing our draft picks, not to mention the players we choose with those picks.

by CJHutch on Apr 6, 2010 5:07 PM EDT up reply actions

No way of knowing

If we drafted Rubio, and he never came over, then we’d have the same problem, but with Songaila on the books for next year instead of cap space. Or, Grunfeld might have decided not to blow up the team, thinking “well once Rubio comes over, we’ll win a championship with our big four!”

Alternatively, Rubio might have come over in 3 years, at which point he could demand that Washington sign him to a big contract extension (right?), and then he could still turn out not to be very good, so the Wizards could have two overpaid point guards.

Anyway, my point is that lots of things could have happened, but as of now, if you simply swap Foye and Miller for picking Rubio, the Wizards will be in exactly the same place next year.

by steadyhand on Apr 6, 2010 5:05 PM EDT up reply actions

Arenas schooled Curry the last time they played, as long as we get a mature-healthy Arenas im not too worried about Curry. To me having too many PG/SG positions is a bad thing for a team.

by Unxpekted on Apr 6, 2010 4:12 PM EDT reply actions

Sigh. More poor understanding of the salary cap from the MSM (not you, the Post).

First off, if the Wizards tender Foye, his cap hold is for 10.7million until he decides whether or not to accept the qualifying offer. If he does accept it, then it reverts to the amount of his salary, which would be 4.8million.

Regardless, if they renounce him, the Wizards will in no way, shape, or form have anywhere close to 23million in cap space, unless they trade away their top 5 pick, which has a cap hold of 2.8million or more, depending on how high it is.

by JoeTreutlein on Apr 6, 2010 4:27 PM EDT reply actions

God forbid they trade away their draft pick again...

I will admit I thought last summer’s deal made sense at the time, and given the underlying assumptions I do not think that many people seriously questioned it.

Howver, I will never accept passing on Blair in the second round.

Nor do I see any reason to offer Foye… other than the hubris of not wanting to admit failure. The guy seems to play in a constant panic mode, leading to bad decisions and inevitable turnovers or low percentage shots. Losing his starting role to a re-habbing Sean Livingston has to be the handwriting on Randy’s wall.

by khrabb on Apr 6, 2010 5:17 PM EDT up reply actions