This is starting to make Vanilla Sky easy to follow.
It’s all about the dead-money contract of Mo Williams, and the Sixers and Nuggets trying to save a few bucks. Everything starts with Williams being owed $2.2 million this season, however, he decided he didn’t want to play anymore and didn’t show up to Cleveland’s training camp. The Cavaliers kept Williams on the roster — and more importantly the financial books — in case they could use his salary in a trade. Which they did, shipping him to Atlanta as part of the Kyle Korver deal. Atlanta quickly traded Williams to Denver, because the Nuggets wanted to add $2.2 million to their payroll and bring them closer to the salary floor. However, the Nuggets didn’t want him on the roster, so they waived him. Then the Philadephia 76ers claimed Williams off waivers — that moved them closer to the salary floor and negated the Nuggets savings. But we’re not done yet, the Sixers didn’t want Williams soaking up a roster spot, so they waived him.
And now we’re back in Denver, reports Marc Stein of ESPN.
That would be Alonzo Gee, who they have already signed to one 10-day contract (he can have two before Denver has to make a decision on keeping him).
Why are Denver and Philly doing this? To save a little money. The NBA doesn’t just have a salary cap, it has a salary floor that is 90 percent of the cap, which means this season it is $84.7 million. Teams that don’t reach the floor — and with the fast rise in the salary cap last summer, there are a few teams in this boat — have to pay the players on the roster the money they are short of the floor (for example, if a team is $10 million, short of the floor, the $10 million gets divided up among the players on the roster). For Denver, they can shave $2.2 million off that bill by being the last team to waive Williams. Philly wanted the same thing.
Salary cap guy Albert Nahmad explained on Twitter who saved how much with all these deals.
Will Philly just claim Williams again? They can, Nahmad explained why they probably will not.
What would be funny now is another team to step in and claim Williams. Okay, it’s not really that funny.