Spotrac has been updated.
They estimate that we're still $331k above the second apron, and $20.2 million above the tax line (after the Garza and Minott signings).
Right now, we're projected to pay $88.44 million in luxury tax.
https://www.spotrac.com/nba/boston-celtics/yearly
Note: waiving and stretching Simons would save us $18,452,647.33 this year. Cutting Davison would then get us below the tax line, I believe. (For those who object to carrying dead money, would ownership carry $9.2 million in dead money for two more seasons to save $88 million? I think they would, although I think they'll try to deal Simons for smaller contracts first).
https://www.spotrac.com/nba/boston-celtics/yearly
Roy you are the man, but my question to this is why would brad have bothered to even do the trade then? I mean couldn't we have just waived and stretched Holiday? You know this stuff way better than me, but that seems like a lot of work just to waive Simons? Also, I just said this in another post, he was averaging nearly 20 pts & 5 ast. why not give him a run and see what we have? Other players to cut that would make more sense to me.
There's a big difference in stretching and waiving Simons, versus Holiday.
The formula is that you can stretch a contract over twice the years remaining, plus one additional year.
So, Simons has one additional year, at roughly (since I don't want to look it up again, haha), $27 million. So, $27 million divided by 3 years (his 1 year x 2 = 2, plus one additional year = 3) is $9 million.
With Holiday, he has 3 years, $104 million left. Stretching him would be over 7 years (3 x 2, +1), or $14.86 million per season.
==========================================
It's why I expect further trades to reduce the salary before any waiver. For instance, a Simons for Marcus Smart deal would save about $6 million total, but if stretched the hit would "only" be $7 million per year. And so on and so forth. Same thing with Niang to a lesser extent.