LinkEither way, the Wizards should be in very good financial position, no matter what the two sides decide with the next salary cap. If the players agree to a 50-50 split of revenues, the salary cap would likely be close to $51 million, with a luxury tax level set for about $62 million. So keeping Lewis for another year wouldn’t hurt the team financially and waiving him could actually create more problems: if the Wizards’ payroll drops below $30 million, the team would be forced to pay other players — possibly for more years — in order to meet a potential minimum salary.
Wizards owner Ted Leonsis is going to have to pay Lewis at least $32 million no matter what. So, would he rather pay Lewis to play for him or simply pay him to leave to join the contending team of his choice? Lewis was plagued by injuries last season and won’t ever return to his all-star form of three seasons ago. But he is healthy again, still has some game left, and could provide a veteran presence for a team that otherwise has Andray Blatche – or Young, if he comes back – as the oldest player on the roster.
And, if you haven’t noticed, this is not necessarily the best summer to have a lot of salary cap space, with a less-than stellar free agent class featuring unrestricted free agents Tyson Chandler, Nene, David West, Caron Butler, Tayshaun Prince and Jamal Crawford and restricted free agents Marc Gasol, Jeff Green, Thaddeus Young and Rodney Stuckey. No need for the Wizards to overpay for somebody who isn’t going to put them over the hump and possibly place the franchise in the same troubles that forced other owners to push for this current lockout
The writer makes a good point - the Wizards have almost nothing to gain by waiving Rashard Lewis this season. Well so long as the rule stays as expected and allows the owners to use the amnesty at any point during this CBA.
There is absolutely nothing there in free agency that is worth a major splash for them. They'll just ending up spending money on mediocre talent who'll give comparable or worse production than Rashard Lewis and raise the Wizards' short term (and possibly long term) payroll.
Nearly all the major free agent wings are older players (Prince, Caron, Battier, J-Rich). Jamal Crawford, Delonte West and JJ Barea are the best guards. They are not going to invest in a center until they wait out another year or two on JaVale McGee and find out what he has to offer. There isn't much more there at the four either. Kenyon Martin and Kirilenko are too old.
Carl Landry. Wilson Chandler. That is the Wizards best use of their new-found cap space if they waived Rashard Lewis and they would have to spend some serious money because they'd be well below the minimum cap threshold (about $35mil versus $43.5mil). And both of those guys would want long term deals.
It's a lousy free agent class and particularly poor for Washington. I think the writer is on the right track. Better to keep Rashard Lewis for one more season and use the amnesty on him then.