PDA

View Full Version : NBA announces higher salary cap, approx. $58 million (up from about $57.7 million)



giants9689
07-07-2010, 07:42 PM
alanhahn

NBA salary cap set at $58.044 million, the league just announced.

lakers4sho
07-07-2010, 07:45 PM
more flexibility for a 3 man team

xabial
07-07-2010, 07:49 PM
im sooo confused, can miami afford 3 maxes now?
Can the Knicks S&T lee and still sign lebron?

theSPECIALKID
07-07-2010, 07:50 PM
im sooo confused, can miami afford 3 maxes now?
Can the Knicks S&T lee and still sign lebron?

they have to trade Beasley..

effen5
07-07-2010, 07:51 PM
and they will have no money to spend on the rest of the roster

VPNeedAssistanc
07-07-2010, 07:52 PM
they should make it 200m, so only LA, NY, Chicago and maybe Boston can contend. Even with the current salary cap, LA, Boston, NY and Chicago have 85% of total championships. Obviously it's not working, give in to the fans and allow the formation of 4 super dream teams to battle.
Every player deserves an opportunity to play with Kobe and leech a ring no?

Pharoe18
07-07-2010, 07:55 PM
The NBA salary cap for next season will be $58 million, which is nearly $2 million more than expected.
This not only helps out the Heat in hopes of getting LeBron James, but will help them fill out their roster even if he goes to New York or stays in Cleveland.

-Rotoworld, via Adrian Wojnarowski on Twitter

Great news for Miami


NBA teams found out Wednesday that the salary cap for next season will be nearly $2 million higher than anticipated, providing additional unforeseen cap space to several teams.

The NBA announced a cap of $58 million for the 2010-11 season, when most teams had budgeted a cap of $56.1 million.

The exact salary cap figure, according to league sources, is $58,044,000, up from $57.7 million in the 2009-10 season.

That means teams such as Miami, New York, New Jersey, Chicago and the Los Angeles Clippers have more spending room than anticipated to accommodate free-agent signings.

The luxury-tax line for the coming season will be $70,307,000, up from $69.9 million.

The mid-level exception for next season is $5.7 million.

Marc Stein is a senior NBA writer for ESPN.com.

http://sports.espn.go.com/nba/news/story?id=5362260&campaign=rss&source=twitter&ex_cid=Twitter_espn_5362260

king4day
07-07-2010, 07:56 PM
It's 2mil more than this year.
I wonder if that was announced today simply to make tomorrow even more interesting.
While it'll help, the Heat won't get any big names to join with just 2 mil and vet mins.

Wrigleyboy25
07-07-2010, 07:56 PM
NBA teams found out Wednesday that the salary cap for next season will be nearly $2 million higher than anticipated, providing additional unforeseen cap space to several teams.

The NBA announced a cap of $58 million for the 2010-11 season, when most teams had budgeted a cap of $56.1 million.

The exact salary cap figure, according to league sources, is $58,044,000, up from $57.7 million in the 2009-10 season.

That means teams such as Miami, New York, New Jersey, Chicago and the Los Angeles Clippers have more spending room than anticipated to accommodate free-agent signings.

The luxury-tax line for the coming season will be $70,307,000, up from $69.9 million.

The mid-level exception for next season is $5.7 million.

Marc Stein is a senior NBA writer for ESPN.com.

http://sports.espn.go.com/nba/news/story?id=5362260&campaign=rss&source=twitter&ex_cid=Twitter_espn_5362260

J_M_B
07-07-2010, 08:01 PM
That's good news for all the cap space teams..

avrpatsfan
07-07-2010, 08:03 PM
This is a big surprise. Wasn't it supposed to be lower?

avrpatsfan
07-07-2010, 08:06 PM
The Heat do have the money to sign 3 max FAs with around 4.3 million to spare.

bholly
07-07-2010, 08:08 PM
It's 2mil more than this year.
I wonder if that was announced today simply to make tomorrow even more interesting.
While it'll help, the Heat won't get any big names to join with just 2 mil and vet mins.

It was always going to be today. The reason tomorrow's things are happening tomorrow is that it's the first day people can sign. The reason it's the first day people can sign is because they had to wait for today's salary cap figure before they can figure out the contracts. So tomorrow's stuff is happening because this is today, not the other way around.

Also the 2009-10 cap figure was $57.7m, so this isn't $2m more than this years - it's $2m more than what it was projected to be, though.

JordansBulls
07-07-2010, 08:09 PM
I think this is good for the Bulls if we can get Lebron.

Wade_County
07-07-2010, 08:10 PM
The Heat do have the money to sign 3 max FAs with around 4.3 million to spare.

yup and then trade beasley leaves even more.

redwhitenblue
07-07-2010, 08:10 PM
The Heat do have the money to sign 3 max FAs with around 4.3 million to spare.
I don't think that's true . . .

Remember, at the very least you need to think about filling the roster spots with league minimum salary.

D Roses Bulls
07-07-2010, 08:11 PM
I think this is good for the Bulls if we can get Lebron.

yea hopefully, even though i'd rather have wade after seeing all this lebron diva crap

J_M_B
07-07-2010, 08:15 PM
The Heat do have the money to sign 3 max FAs with around 4.3 million to spare.


yup and then trade beasley leaves even more.


No, Miami would still need to get rid of Beasley to afford a third max contract..

About 3 million short of a third max contract..

_Supreme_
07-07-2010, 08:16 PM
I don't think that's true . . .

Remember, at the very least you need to think about filling the roster spots with league minimum salary.

I think I read in the CBA that a team can still sign minimum wage vets and second round draft picks after they reach the cap number.

J_M_B
07-07-2010, 08:17 PM
I think I read in the CBA that a team can still sign minimum wage vets and second round draft picks after they reach the cap number.

True.

redwhitenblue
07-07-2010, 08:18 PM
I think I read in the CBA that a team can still sign minimum wage vets and second round draft picks after they reach the cap number.
Yeah, but I still think they have to drop a couple million.


I don't have the numbers with me, but it's only under a 2MM difference, and I thought hte Heat had to lose more than that initially.

_Supreme_
07-07-2010, 08:19 PM
No, Miami would still need to get rid of Beasley to afford a third max contract..

About 3 million short of a third max contract..

Unless all three of them take a $1M paycut each :smoking:

(which would be made up for by the no-state taxes)

redwhitenblue
07-07-2010, 08:20 PM
Unless all three of them take a $1M paycut each :smoking:

(which would be made up for by the no-state taxes)
Well you have to remember, both Wade and Bosh's contract are now higher-because the max is based off the cap.

DenButsu
07-07-2010, 08:21 PM
Thanks for posting this. I just updated the thread title to include the rough figures for this and last season.

In more detail, from Marc Stein (http://twitter.com/STEIN_LINE_HQ/status/17990355673):


Officially salary cap number is $58,044,000, up from $57.7 million last season. Tax line rises to $70.3 million, up from $69.9 million

bholly
07-07-2010, 08:21 PM
At any given time, if you have less than 12 players, you have a 'cap hold' counting towards your salary figure, equal to the rookie minimum (473,604 this year), for each roster spot less than 12. So you have to count that too.

Larry Coon (probably the most knowledgable cap expert there is) is in an ESPN chat right now and says that by his calculations the Heat have $13,756,551 left after signing Bosh and Wade - so they still need to move Beasley (or have the stars take paycuts) to get LBJ.

_Supreme_
07-07-2010, 08:21 PM
The no-state taxes does make a difference btw. Players will be more willing to take a slight paycut if the difference is being made up for.

dstruong
07-07-2010, 08:21 PM
Well you have to remember, both Wade and Bosh's contract are now higher-because the max is based off the cap.

Smart man right there...

tr4shb0t
07-07-2010, 08:21 PM
effective when?

_Supreme_
07-07-2010, 08:23 PM
Well you have to remember, both Wade and Bosh's contract are now higher-because the max is based off the cap.

Yes IF they actually sign for the full max. I heard them talk about taking less if it means a better team just earlier today during their ESPN interview.

Tmath
07-07-2010, 08:24 PM
Fixed

ABOMB_56
07-07-2010, 08:24 PM
yea hopefully, even though i'd rather have wade after seeing all this lebron diva crap

What diva crap? The staying low key throughout the entire FA process besides tomorrow's press conference? Not having a documentary being made of his story like fellow FA's Wade and Bosh. How about raising money for charity through the aforementioned press conference? How about announcing his decision the first day FA's can officially sign? Such a diva :rolleyes:

_Supreme_
07-07-2010, 08:25 PM
effective when?

Hilarious sig you have there :laugh2:

daviddpc111
07-07-2010, 08:26 PM
SALARY CAP $58,044,000

1 Michael Beasley $ 4,962,240
2 Mario Chalmers $847,000
3 Dwyane Wade $16,570,000
4 Chris Bosh $16,570,000
5 Lebron $16,570,000
6 Min Hold on Salary Cap $473,604
7 Min Hold on Salary Cap $473,604
8 Min Hold on Salary Cap $473,604
9 Min Hold on Salary Cap $473,604
10 Min Hold on Salary Cap $473,604
11 Min Hold on Salary Cap $473,604
12 Min Hold on Salary Cap $473,604

Total Expection Above the Salary Cap $58,834,468

$790,468
All that the 3 Max player would have to give back is $ 800,000
$263,489.00 and they still keep beasley for a possible Trade in the future...

redwhitenblue
07-07-2010, 08:26 PM
Yes IF they actually sign for the full max. I heard them talk about taking less if it means a better team just earlier today during their ESPN interview.
I struggle to see Bosh, someone who's been classified as extremely money-driven in this process, taking less than at least the minimum max (not the Bird's rights).

I think that's a lot of talk personally.

J_M_B
07-07-2010, 08:27 PM
I can see both, Wade and Bosh, taking a slight paycut...

redwhitenblue
07-07-2010, 08:27 PM
SALARY CAP $58,044,000

1 Michael Beasley $ 4,962,240
2 Mario Chalmers $847,000
3 Dwyane Wade $16,570,000
4 Chris Bosh $16,570,000
5 Lebron $16,570,000
6 Min Hold on Salary Cap $473,604
7 Min Hold on Salary Cap $473,604
8 Min Hold on Salary Cap $473,604
9 Min Hold on Salary Cap $473,604
10 Min Hold on Salary Cap $473,604
11 Min Hold on Salary Cap $473,604
12 Min Hold on Salary Cap $473,604

Total Expection Above the Salary Cap $58,834,468

$790,468
All that the 3 Max player would have to give back is $ 800,000
$263,489.00 and they still keep beasley for a possible Trade in the future...
Is that the correct max allowable? Remember the max contract changes now.

SANDBURG23
07-07-2010, 08:29 PM
they should make it 200m, so only LA, NY, Chicago and maybe Boston can contend. Even with the current salary cap, LA, Boston, NY and Chicago have 85% of total championships. Obviously it's not working, give in to the fans and allow the formation of 4 super dream teams to battle.
Every player deserves an opportunity to play with Kobe and leech a ring no?

It's actually preety one sided in the NBA since 1980 only 8 teams have won the titel. Also if one of these teams didnt win they where the loser over 50% of the time.

Championships by Celtics,Lakers,Bulls,Pistons,76er's,SA,Houston,Mia mi since 79-80 seaseon 31, rest of league -0

Runner-up in Finals by same 8 teams 16, rest of league 15.

Very one sided to these 8 teams, and you can really take out Miami the only one of the bunch to only win 1 title and not make it to finals again. they dilute how amazing it really is to just a few teams.

J_M_B
07-07-2010, 08:29 PM
I struggle to see Bosh, someone who's been classified as extremely money-driven in this process, taking less than at least the minimum max (not the Bird's rights).

I think that's a lot of talk personally.

He said during his interview with ESPN that he'll be willing to take less then the max...

redwhitenblue
07-07-2010, 08:32 PM
He said during his interview with ESPN that he'll be willing to take less then the max...
I believe he'd take the regular FA max - not Bird's rights.

I heard him and Wade say it's not all about the money, but I find it hard to believe both (not just 1, but both) will take less than the max.

_Supreme_
07-07-2010, 08:33 PM
SALARY CAP $58,044,000

1 Michael Beasley $ 4,962,240
2 Mario Chalmers $847,000
3 Dwyane Wade $16,570,000
4 Chris Bosh $16,570,000
5 Lebron $16,570,000
6 Min Hold on Salary Cap $473,604
7 Min Hold on Salary Cap $473,604
8 Min Hold on Salary Cap $473,604
9 Min Hold on Salary Cap $473,604
10 Min Hold on Salary Cap $473,604
11 Min Hold on Salary Cap $473,604
12 Min Hold on Salary Cap $473,604

Total Expection Above the Salary Cap $58,834,468

$790,468
All that the 3 Max player would have to give back is $ 800,000
$263,489.00 and they still keep beasley for a possible Trade in the future...

Exactly, although there is also an amount of about $1.4M owed to James Jones that counts against the cap.

This still isn't going to fail because of such a small amount.

Also, isn't the wording of the min hold on salay cap rule "for each empty roster spot BELOW 12. If it is that would mean one of the $473.604's disappears.

redwhitenblue
07-07-2010, 08:35 PM
Exactly, although there is also an amount of about $1.4M owed to James Jones that counts against the cap.

This still isn't going to fail because of such a small amount.

Also, isn't the wording of the min hold on salay cap rule "for each empty roster spot BELOW 12. If it is that would mean one of the $473.604's disappears.
Caps are difficult to get.


I still think Miami either has to A) Move Beasley or B) Convince all 3 superstars to take less than max money.

J_M_B
07-07-2010, 08:35 PM
I believe he'd take the regular FA max - not Bird's rights.

I heard him and Wade say it's not all about the money, but I find it hard to believe both (not just 1, but both) will take less than the max.

They both want to win now.

I can see both of them taking a slight paycut to upgrade the roster.

J_M_B
07-07-2010, 08:37 PM
Caps are difficult to get.


I still think Miami either has to A) Move Beasley or B) Convince all 3 superstars to take less than max money.

Yeah, Miami still needs to move Beasley to afford that third max contract.

Right now, they are around $3 million short of a third max deal.

redwhitenblue
07-07-2010, 08:37 PM
They both want to win now.

I can see both of them taking a slight paycut to upgrade the roster.
I think you also have to convince Lebron to take less than max.


And it will be very tough to get solid backups for that league minimum. Yes, guys want to win, but they also want to make money and other teams have much more to offer with teams that are still very competitive.

_Supreme_
07-07-2010, 08:40 PM
B) Convince all 3 superstars to take less than max money.

They would have to make up for the over-the-cap difference that would be there, but it doesn't matter if one out of three takes a paycut or two out of three or all three.

J_M_B
07-07-2010, 08:40 PM
I think you also have to convince Lebron to take less than max.


And it will be very tough to get solid backups for that league minimum. Yes, guys want to win, but they also want to make money and other teams have much more to offer with teams that are still very competitive.

I agree that it will be very difficult to sign quality role players, but I could see Riley using Beasley in a deal to add a big or a shooter.

There are many rumors surrounding Beasley right now..

_Supreme_
07-07-2010, 08:42 PM
Wade & Bosh's numbers are not known yet, and they will likely depend on what Lebron is going to say tomorrow.

We'll just have to wait and see.

h2r09
07-07-2010, 08:46 PM
where are you guys getting all these numbrers from? LEts just say they all take 15 million, that is 45 million and they still have 13 million left. actually it would be 11.5 since james jones counts 1.5 against the cap. am i missing something?

espn did the same thing. they had us just with wade, bosh, lbj and chalmers and they said we were right at the cap. where are they getting these numbers? that would be around 51 million, not 56 as they thought it would be there.

_Supreme_
07-07-2010, 08:48 PM
I think Beasley would have no role on such a team anyway and would be unloaded. Contrary to what some people claim there are teams out there wanting him. Most of the bad rep he has gotten is completely undeserved.

Whatever happens, Riley is certainly not a fool. He knows what he is doing if the "dream team" scenario becomes reality.

_Supreme_
07-07-2010, 08:49 PM
Good news Hawks fans: New cap # means Joe johnson deal looks even worse at $127M.

http://twitter.com/johnhollinger


:laugh:

h2r09
07-07-2010, 08:50 PM
Beasley is gone no matter what happens.

midwestmadman
07-07-2010, 08:51 PM
Fixed

I have to agree, Stern is just about the marketing of big market teams. If LeBron goes to Miami now this whole FA season is a total scam. I am not even a die hard Bulls fan, but frankly if LeBron wants to win titles Chicago is where he is more likely to win them. Newly aquired Boozer, Rose, Noah, the young fella Taj Gibson and if Lebron goes there Loul Deng is coming off the bench with Taj! This is a much deeper team, plus they are also talking about adding J.J. Redick a sharp shooter who would have a field day playing with LeBron, Boozer and Rose, he would be wide open on every posession. If he decides to go with the Heat they would have 4 player under contract (they still would have to shed Beasley or all agree to paycuts). Would playing with the likes of an old Juwan Howard, Eddie House, or any other minimum salaried vet really make this a true championship caliber team? I don't think so, sorry Miami fans that's just my opinion. It would be one hell of a three headed monster that's for sure, but I think egos will get in the way of friendship at some point. This is after all Wade's team, and if LeBron heads to town shouldn't it be LeBron's team, are they going to change the name to "King James" county? Seriosuly lame idea and it just won't work. Three great players won't be two great players with good complimentary players and a solid bench. I hate the Lakers (particularly Kobe) but they would still beat a team of LeBron, Bosh, Wade and a crew of garbage.

_Supreme_
07-07-2010, 08:54 PM
The NBA salary cap number is not something they just make up because they feel like it. It is calcualted the same way every year, using the same method.

Everyone can check it, and it is by no means "fixed" to benefit large market teams.

bholly
07-07-2010, 08:58 PM
where are you guys getting all these numbrers from? LEts just say they all take 15 million, that is 45 million and they still have 13 million left. actually it would be 11.5 since james jones counts 1.5 against the cap. am i missing something?

espn did the same thing. they had us just with wade, bosh, lbj and chalmers and they said we were right at the cap. where are they getting these numbers? that would be around 51 million, not 56 as they thought it would be there.

Try reading the thread, or reading the cap faq (cbafaq.com) to get some understanding of how the cap works. There is more that counts towards the cap than just adding up your salaries - the most important issue being the cap holds mentioned above for having less than 12 players on the roster.

ILMindState
07-07-2010, 09:00 PM
http://twitter.com/johnhollinger


:laugh:

baaahahahaha

LA_Raiders
07-07-2010, 09:06 PM
i was hoping for lil more...

DenButsu
07-07-2010, 09:14 PM
It's important to keep in mind that while the cap ended up being $2 million more than *projected*, it has actually only increased very slightly from the previous season. Which means that league revenues (which are the basis for calculating the cap) were only just slightly higher last season than the previous one.

From the 2002-03 season to the 2008-09 season, the cap increased EVERY year, rising from $40.3 million to $58.7 million during that time. But then, for the first time in nearly a decade, the cap DECREASED back down to $57.7 million for the 2009-10 season. Even increasing this season to a flat $58.04 million, the cap remains lower than it was 2 seasons ago.

So yeah, Supreme is right. There is no conspiracy here. Just a bunch of accountants crunching numbers and generating a formulaic output based on set calculations that are completely indifferent to where star players do or don't sign. All this means is that the league's bottom line was a bit higher than people thought.

On the other hand, there is bad news here for those who wish not to see a lockout, because this news weakens the league's and owners' hand in terms of making the case that they're losing so much money that they have to cut players' salaries. This strengthens and I'm sure more deeply entrenches the position of the Player's Union, and increases the (already very likely) likelihood of a lockout next summer.

Wade_County
07-07-2010, 09:19 PM
Beasley is gone no matter what happens.

yup

Wade_County
07-07-2010, 09:19 PM
http://twitter.com/johnhollinger


:laugh:

lmao

jackdawson
07-07-2010, 09:20 PM
Pat Riley is L2HS now!!

DaNtHeMaN628
07-07-2010, 09:25 PM
Pat Riley is L2HS now!!

haha...nice one

jresty1
07-07-2010, 09:29 PM
Lebrons not gunna wanna be in miami because it would diminish his brand and plus it better to see superstars battle against eachother then all on the same team. Lebron and DWade are ball dominant players who need the ball to succeed. I dont think you should have both on the same team. The same for the bulls, Derrick Rose needs the ball in his hands. Going to New York makes the most sense to me because they need someone like that to carry them with Amare. In my opinion its better to have a batman and robin with good role players than everybody wanting the ball.

Heater4life
07-07-2010, 09:39 PM
Lebrons not gunna wanna be in miami because it would diminish his brand and plus it better to see superstars battle against eachother then all on the same team. Lebron and DWade are ball dominant players who need the ball to succeed. I dont think you should have both on the same team. The same for the bulls, Derrick Rose needs the ball in his hands. Going to New York makes the most sense to me because they need someone like that to carry them with Amare. In my opinion its better to have a batman and robin with good role players than everybody wanting the ball.

Idk the three musketeers did pretty well together. :D


btw, the Heat can sign all three outright for 800k less than the max with the new cap figure. Theyd stand to lose 1.2-1.6M in state taxes anyway. So yea the possbility is still there. IDC the new cap numbvers are great regardless.

THE MTL
07-07-2010, 09:54 PM
Doesnt this mean that the Nets and Bulls have room to two maxes now? And the Heat still need to trade Beasley regardless.

Also, this means New York can bring in a good role player along with the second max.