The Toronto Raptors have made roster moves with major financial implications.
The team announced Saturday that it has waived forward Sam Dekker, who signed as a free agent in the offseason. The move comes as Dekker's contract was set to become fully guaranteed for the 2021-22 season.
After initial reports of the move surfaced, Dekker took to Twitter to express his appreciation for his time in Toronto.
"Gonna miss these guys, easily the hardest part of the business," Dekker said. "And I really want to shoutout (sic) the Raptors fans - y'all saw me for who I really am. That means more than you know. I won't forget that."
Always another hill to climb… a lot more hoop ahead of me.- Sam Dekker (@dekker) November 6, 2021
Gonna miss these guys, easily the hardest part of the business.
And I really want to shoutout the raptors fans - y'all saw me for who I really am. That means more than you know. I won't forget that.
While Dekker was waived before his contract became guaranteed, the team retained forward Isaac Bonga, whose $1.7 million salary for the 2021-22 season is now fully guaranteed. As it stands, the Raptors' roster now has one open spot, with 14 players on standard NBA contracts. Rookies Justin Champagnie and David Johnson occupy the team's two-way slots.
Toronto Raptors 2021-22 salary cap
Both Sportsnet's Blake Murphy and ESPN's Bobby Marks have reported on the financial implications of these moves with respect to the luxury tax.
According to Marks, the Raptors will incur a $350K cap hit, but the move brings the team nearly $620K below the luxury tax, which applies to teams that have a total salary above $136.6 million.
Dekker was set to have his $1.7M contract guaranteed on Saturday.- Bobby Marks (@BobbyMarks42) November 6, 2021
Toronto will incur a $350K cap hit.
They are now $618,540 below the luxury tax.
Tax distribution for teams below projects to be $13M. https://t.co/LKeeBG5xJo
By being under the tax, the Raptors will receive a figure of around $13 million in "tax distribution," per Marks.
As noted by Murphy, this means the Raptors roster will likely remain at 14 "until the [Goran] Dragic situation is resolved."
Dragic, who was acquired from the Miami Heat as part of the Kyle Lowry sign-and-trade, has received six straight DNP-CDs (did not play-coach's decision) after appearing in each of the Raptors' first four games. Dragic is on the books for $19.4 million this season, which is the final year of his contract.
Toronto Raptors upcoming schedule
|Sunday, Nov. 7||vs. Nets||3:30 p.m.||SN One|
|Wednesday, Nov. 10||at Celtics||7:30 p.m.||SN One|
|Thursday, Nov. 11||at 76ers||7 p.m.||TSN 4|
|Saturday, Nov. 13||vs. Pistons||7:30 p.m.||TSN 1 / 3 / 4|
|Monday, Nov. 15||at Trail Blazers||10 p.m.||TSN|
|Thursday, Nov. 18||at Jazz||9:00 p.m.||SN One|
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