Including Millsap and Nate Robinson's rookie contracts, along with Anthony Parker's $3.37 million contract, a total of $72.14 million.
The League's luxury tax threshold for this year is $67.2375 million!
It seems the Pacers have exceeded the luxury tax threshold.
But actually, part of Su Wan's contract renewal, according to the "Su Wan Clause," does not count against the salary cap.
According to League regulations, after a player's rookie contract ends, the new contract signed can amount to no more than 20% of the total salary cap, to give the home team more ability to keep the player, the "Bird Clause" allows the home team to renew a rookie with 25% of the total salary cap.
And this extra 5% does not count against the salary cap.
The "Su Wan Clause" is the same, out of his $17.6 million, $5.87 million does not count against the salary cap.
Similarly, Little O'Neal also has about $2.6 million in salary that does not count against the cap.
