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BothTeamsPlayedHard 15 years, 11 months ago.
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- Posted on: Wed, 07/07/2010 - 1:57pm #18684
BothTeamsPlayedHardParticipantThe National Basketball Association today announced that the Salary Cap for the 2010-11 season will be $58.044 million. The tax level for the 2010-11 season has been set at $70.307 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $70.307 million.
The 2009-10 Salary Cap was $57.70 million and the tax level was $69.92 million.
The new Salary Cap and tax level go into effect at 12:01 a.m. ET on Thursday, July 8, when the league’s “moratorium period” ends and teams can begin signing free agents and making trades.
The mid-level exception is $5.765 million for the 2010-11 season and the minimum team salary, which is set at 75% of the Salary Cap, is $43.533 million.
Last summer, the NBA sent out a memo to teams warning them that the cap would be potentially in the neighborhood of $52 million.
Read more: http://www.realgm.com/src_wiretap_archives/67949/20100707/nba_sets_cap_at_#ixzz0t2kqKqMo
0 - Posted on: Wed, 07/07/2010 - 2:03pm #348514
Mr. BasketballParticipantso thats great for miami and chicago. along with clips.
0 - Posted on: Wed, 07/07/2010 - 2:23pm #348533
BothTeamsPlayedHardParticipantHere is what it means:
New Orleans is UNDER THE TAX LINE! There is now no reason for them to sell off Paul or Collison.
Charlotte has a little wiggle room with which to choose between re-signing Tyrus Thomas or Raymond Felton without going into the tax.
Chicago will still have $18.5 million in cap room after signing Boozer.
Indiana is under the tax line by a comfortable amount.
The Clippers will be $21 million under the cap.
Miami will have $11 million in cap room after re-signing Wade and maxing out Bosh (assuming no sign-and-trade).
Minnesota will have $7 million after signing Darko and Pekovic (Rubio’s cap hold brings them down from around $10 million)
New Jersey will be $33.9 million under the cap with nobody wanting to play in Newark. Blueprint for Greatness!
New York is tough to figure as they will be $20 million under the cap after the Amare signing. If the David Lee sign-and-trade goes through for Randolph, Azubuike, and Radmanovic, then they will have a little more than $11 million.
OKC will be sitting on $7 million, though they have fifteen guaranteed contracts already. PAY DOWN THE DEBT!
Philly is under the tax line by enough to sign someone for about $3 million.
Sacramento will have $18.6 million in cap room.
San Antonio will be $14 million under the tax line. Thank you, Richard Jefferson.
Toronto will be $3 million under the cap, but they just lost their best player to Miami. The same Miami they owe a first round pick to. A ton of sense not facilitating a sign-and-trade even if it just to get that pick back.
Utah has enough money to use their MLE without going into the tax.
Washington has $7 million in cap room.
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