San Antonio Spurs

Covers the 6 tracked contracts at the top of this cap sheet — not the full 15-man roster · methods →

ContendingApron exposureLow
Front Office Brief

SAS carries $135M of tracked production (7th of 30) against $124M of true cost, netting +$10.6M of surplus (2nd of 30).

Tracked production$135M
Tracked true cost$124M
Net surplus+$10.6M
Tracked contracts6
FSI gradeB · 83/100
Move off De'Aaron Fox's money

De'Aaron Fox carries −$16.2M of negative surplus on $266M across 5 years. It grades "needs-sweetener" — the front office's biggest lever is finding the exit before the term shortens the buyer pool further.

San Antonio Spurs · Franchise Strategy IndexExperimental
Overall83/100B

Weighted profile led by asset base (95/100).

Roster quality78/100B

$135M of tracked production ranks 7th of 30 tracked teams.

Cap flexibility84/100B

$124M committed at the below-apron tier — room to operate.

Asset base95/100A

+$10.6M of aggregate surplus ranks 2nd of 30 tracked teams.

Championship window85/100A

Blend of 78th-pct production now and 95th-pct surplus to build on.

Downside risk (inverse — higher is safer)62/100C

22% of spend sits in negative-surplus money (moderate concentration).

Optionality89/100A

1 positive-asset contract plus open cap sheet.

Roster thesis

SAS carries $135M of tracked production (7th of 30) against $124M of true cost, netting +$10.6M of surplus (2nd of 30). That profile reads contending: an overall B-grade roster (83/100) whose defining trait is asset base (95/100).

Best asset

Victor Wembanyama is the surplus engine: +$37.7M on $13.4M, 14.6 marginal wins of production.

Worst liability
De'Aaron FoxAlbatross risk

De'Aaron Fox is the drag: −$16.2M under water on $266M still owed over 5 years.

Apron exposure
Tracked booksLowMajority of tracked salary sits below the apron — no penalty multiplier, $124M of clean cap.
Next Decision

Move off De'Aaron Fox's money

De'Aaron Fox carries −$16.2M of negative surplus on $266M across 5 years. It grades "needs-sweetener" — the front office's biggest lever is finding the exit before the term shortens the buyer pool further.

Warning

Strategic warning

Concentration risk: De'Aaron Fox's −$16.2M deal can swallow the flexibility the rest of the sheet creates.

San Antonio Spurs · Cap Sheet6 contracts tracked

This is BOW’s curated slice of San Antonio Spurs’s books, not the full roster — totals below cover only the 6 tracked contracts shown here.

Tracked cap committed$124M
Production value$135M
True cost$124M
Total AASV+$10.6M
Tracked cap hits
Model Assumptions

AASV = wins × $/win − cap hit × apron multiplier. Set the knobs to your own front-office judgment — every number on this page updates live.

$3.5M
What one marginal win costs on the open market.
1.50×
How much a first-apron team's dollar really costs (tax bill, shrinking roster tools).
2.00×
The punitive tier — frozen picks, no salary aggregation, repeater tax.
Best valueBargain
Victor Wembanyama

$13.4M cap hit

+$37.7M AASV

Biggest holeAlbatross risk
De'Aaron Fox

$37.1M cap hit

−$16.2M AASV

PlayerCap hitAASVVerdict
De'Aaron Fox$37.1M−$16.2MAlbatross risk
Devin Vassell$29.2M−$5.7MPaying a premium
Harrison Barnes$18.0M−$1.9MFairly priced
Keldon Johnson$15.8M−$1.5MFairly priced
Victor Wembanyama$13.4M+$37.7MBargain
Stephon Castle$10.4M−$1.8MPaying a premium