When it comes to the Magic and the salary cap, there are not a whole lot of worries. Gilbert Arenas' amnestied deal has kept the team above the payroll floor and the team is going to be shedding cap room this year to have some money to spend in 2014 and 2015.
That is all in the future.
The question that needs some answering immediately is what kind of value the Magic are getting for their buck on the current roster. Who is living up to their contract and who is not? That question is important for Rob Hennigan to answer because other teams will be asking him that question and coming up with their own answers as the team continues to look for ways to improve itself.
Present value is a very important question for the Magic, even at this beginning stage of the team's rebuild. There is a bit of a buy-low, sell-high mentality for sure. And right now the Magic have bought several young players at bargain prices. Not to mention the fact that rookies are cheap commodities that often outplay their contracts.
There is no clear measure for value. I have used $/PER in the past. Evan Dunlap of Orlando Pinstriped Post used $/WS to determine value with the average value of a win share set at $1,628,895. Both are imperfect measures. Very imperfect measures.
I would encourage you to read Dunlap's post on the matter for his analysis.
The long and short of it though is what you would expect. The Magic's veterans underperformed in comparison to their contract values while rookies exceeded expectations. The only player not on his rookie contract that had a higher value under this metric was J.J. Redick. That shows how hard it is to find value after the rookie contract.no comments