Orlando Magic Daily Mailbag Volume 9: Find your role
This one came up as I was updating the Magic’s roster and salaries page.
Yes, Fran Vazquez is still on the Magic’s books. We cannot avoid it.
It has been 10 years since the Magic drafted Vazquez and he never came over (and probably never will), but yes his cap hold for his rookie contract still counts.
What is a cap hold? It is a placeholder on the salary cap to retain Bird Rights and certain exceptions. It is so a team could not have a max-level guy come off their books and just go out and sign a max player while still retaining the right to go over the cap to re-sign their own player (that is what Bird Rights are, FYI).
When a team gets a first round pick, they are allowed a rookie exception to sign their own pick even if it would put them over the cap. In order to do this though the cap rules put a place holder — the cap hold — for each first round pick for their slotted salary.
So why is Fran Vazquez’s cap hold listed at $1,772,100. Well that is because that is what the 11th pick in 2005 would have gotten based on the rookie salary scale. Pretty simple.
The next question you might have is on the off chance the Magic need a 30-year-old backup center from Spain they drafted a decade ago, is that what the Magic would pay?
More from Mailbag
- Orlando Magic Daily Mailbag Volume 42: Preparing for a fun season
- Orlando Magic Daily Mailbag: Halfway through Year 1
- Orlando Magic Daily Mailbag: As the ping pong ball turns
- Orlando Magic Daily Mailbag Volume 41: Glimpses into the future
- Orlando Magic Daily Mailbag: At the crossroads
No, it is not actually.
After three years, the rookie scale is no longer applicable and a team can sign a drafted player as if they were a free agent. So, should the Magic sign Vazquez at some future crazy timeline, they can sign him to however much they want.
For now, he hits them for about a $1 million every year as a cap hold.
That is unless they formally renounce him (or Jeremy Richardson who apparently also still counts against the cap for some reason) like the Celtics recently did for Dana Barros‘ cameo in 2005:
Next: The Sixth Man