1. Does Monta Make Sense?
I wasn’t going to get into free agency and other off-season speculation until after next week’s draft, but here’s one that landed in our lap: Milwaukee Bucks guard Monta Ellis is reportedly opting out of the final year of his current contract, at $11 million, turning down a reported extension offer of two years and $24 million in the process and becoming a free agent this summer. Soon after that report, Bucks beat writer Gery Woelfel suggested on Twitter than Ellis has told friends he would be interested in playing for the Grizzlies.
What to make of this? On the first item, the odds of Ellis matching the three years and $35 million he allegedly left on the table in Milwaukee seem slim, but maybe he just wants to be out of Milwaukee that badly. The odds of Ellis getting a similar contract from the Grizzlies is close to zero, but the idea that he would target the Grizzlies is not surprising. Ellis is a Mississippi native who makes his off-season home in Memphis. Coming to Memphis would also likely land him in a winning situation with a team that needs more scoring and shot creation.
Still, there are plenty of hurdles and questions standing in the way of this theoretical partnership.
Is it financially feasible?:
I’ll break down the Grizzlies’ cap situation in more detail in a couple of weeks, but based on published salaries, the Grizzlies projected roster payroll for next season is currently at $57,567,539 for eight players (Conley, Gasol, Randolph, Prince, Pondexter, Davis, Arthur, Wroten). Add cap holds and draft picks and the Grizzlies will enter the free agency period above the projected salary cap line of $58.5 million but below the projected luxury tax line of $71.5 million. This will give the team access to the full mid-level exception, which starts at $5.15 million, which would be the most the Grizzlies could offer any outside free agent this summer in terms of starting salary.
However, that’s not the only method via which the Grizzlies could acquire Ellis or a player of similar stature. The team also has a trade exception of nearly $7.5 million from the Rudy Gay deal. But the financial issues at play here go beyond merely the rules that govern player acquisition.