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http://realgm.com/src_wiretap_archives/60407/20090707/salary_cap_set_at_$577_million_for_09_10_season/

Salary Cap Set At $57.7 Million For 09-10 Season

The National Basketball Association today announced that the Salary Cap for the 2009-10 season will be $57.7 million. The tax level for the 2009-10 season has been set at $69.92 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $69.92 million.

The 2008-09 Salary Cap was $58.68 million and the tax level was $71.15 million. Although league-wide revenue increased 2.5% this past season, the decrease in the Salary Cap and tax level for the 2009-10 season is the result of the formula used to set the Cap and tax under the terms of the collective bargaining agreement.

The new Salary Cap and tax level go into effect at 12:01 a.m. ET on Wednesday, July 8, when the league’s “moratorium period” ends and teams can begin signing free agents and making trades.

The mid-level exception is $5.854 million for the 2009-10 season and the minimum team salary, which is set at 75% of the Salary Cap, is $43.275 million.

Not that bad of a drop.

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If Gordon starts at $9 million and Charlie V. starts at $6 million, we should have $4.2 million to spend still with 11 guys already on our rosters (12 if you count Oberto's contract).

Edit: And, if my math is right, we could still give a 5 year/$24 million deal to a free agent.

Edited by Scottwood

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http://realgm.com/src_wiretap_archives/60420/20090708/memo_cap_could_drop_to_$504m_in_2010_11/

Memo: Cap Could Drop To $50.4M In 2010-11

In addition to the announcement of the 2009-10 salary cap, NBA teams received tentative projections from the league office warning that the cap is estimated to drop to somewhere between $50.4 million and $53.6 million for the 2010-11 season.

The official league memorandum, obtained by ESPN.com, forecasts a dip in basketball-related income in the 2009-10 season of 2.5 percent to 5 percent, which threatens to take the 2010-11 cap down some $5 million to $8 million from last season's $58.7 million salary cap.

Ouch.

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Wow that would be a big drop, some really good players would be available on the cheap if the cap drops by 8 million next year.

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Wow that would be a big drop, some really good players would be available on the cheap if the cap drops by 8 million next year.

I think this might increase the urgency for teams who may now have borderline cap space to trade for the players they are looking at next season so they can resign/sign to an extension w/o worrying about cap ramifications.

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If the cap drops that much, it will really hurt max contract types like James and Wade. Their max contract starts at 30% of the salary cap, with 10% raises each year.

30% of $57 million = $17.1 million for the first year of the contract.

30% of $50 million = $15 million for the first year of the contract.

6 year deal at $57 million would look like this (In millions):

Year 1 - $17.1

Year 2 - $18.8

Year 3 - $20.5

Year 4 - $22.7

Year 5 - $23.9

Year 6 - $25.6

Total - $128.6

6 year deal at $50 million would look like this:

Year 1 - $15

Year 2 - $16.5

Year 3 - $18

Year 4 - $19.5

Year 5 - $21

Year 6 - $23.5

Total - $113.5

How are they supposed to feed their kids?

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If the cap drops that much, it will really hurt max contract types like James and Wade. Their max contract starts at 30% of the salary cap, with 10% raises each year.

30% of $57 million = $17.1 million for the first year of the contract.

30% of $50 million = $15 million for the first year of the contract.

6 year deal at $57 million would look like this (In millions):

Year 1 - $17.1

Year 2 - $18.8

Year 3 - $20.5

Year 4 - $22.7

Year 5 - $23.9

Year 6 - $25.6

Total - $128.6

6 year deal at $50 million would look like this:

Year 1 - $15

Year 2 - $16.5

Year 3 - $18

Year 4 - $19.5

Year 5 - $21

Year 6 - $23.5

Total - $113.5

How are they supposed to feed their kids?

Won't be able to order extra cheese on the Big Mac...

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If the cap drops that much, it will really hurt max contract types like James and Wade. Their max contract starts at 30% of the salary cap, with 10% raises each year.

30% of $57 million = $17.1 million for the first year of the contract.

30% of $50 million = $15 million for the first year of the contract.

6 year deal at $57 million would look like this (In millions):

Year 1 - $17.1

Year 2 - $18.8

Year 3 - $20.5

Year 4 - $22.7

Year 5 - $23.9

Year 6 - $25.6

Total - $128.6

6 year deal at $50 million would look like this:

Year 1 - $15

Year 2 - $16.5

Year 3 - $18

Year 4 - $19.5

Year 5 - $21

Year 6 - $23.5

Total - $113.5

How are they supposed to feed their kids?

All the more reason for those guys to sign extensions this season if they can, thus the possibility of some pushing for trades this season.

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All the more reason for those guys to sign extensions this season if they can, thus the possibility of some pushing for trades this season.

Great point.

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I wonder if that impacts any decisions that Dumars could possibly make with this season. Maybe he will hold onto his money, let some more slide off the books and try and get a bigger steal next season when finances are even more dire.

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HOOPSWORLD

League to Consider Hard Cap? Super Tax?

With the caveat that a wish list at the beginning of negotiations is just that, and that both sides will certainly have some give in them before a new deal is done, the source with access to the owners says they have several other significant changes on their agenda going into the negotations, including:

-- A hard cap. "A hard, hard cap," the source said. The NBA has operated with a "soft" cap since the implementation of the salary cap in 1984, with several kinds of exceptions allowed to either re-sign players already on a team's roster or to entice players from other teams to sign.

A hard cap, such as is used in the National Football League, would eliminate all exceptions. Teams would have a specific amount they could spend on salaries, and could not exceed it for any reason;

-- A "supertax" that would basically double the luxury tax to $2 for every dollar a team exceeds the tax threshhold, from its current $1. The league tried to implement a supertax in the last negotiation with the players, but the union held firm against it, feeling it would have a devastating impact on free agency;

--A smaller spread between the salary cap figure and the tax threshhold. Next year's cap is set at $57.7 million; the tax threshhold is $69.9 million.

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If the cap drops that much, it will really hurt max contract types like James and Wade. Their max contract starts at 30% of the salary cap, with 10% raises each year.

30% of $57 million = $17.1 million for the first year of the contract.

30% of $50 million = $15 million for the first year of the contract.

6 year deal at $57 million would look like this (In millions):

Year 1 - $17.1

Year 2 - $18.8

Year 3 - $20.5

Year 4 - $22.7

Year 5 - $23.9

Year 6 - $25.6

Total - $128.6

6 year deal at $50 million would look like this:

Year 1 - $15

Year 2 - $16.5

Year 3 - $18

Year 4 - $19.5

Year 5 - $21

Year 6 - $23.5

Total - $113.5

How are they supposed to feed their kids?

Was it Ewing at the Strip club lawsuit who said, "Yeah we make alot but we also spend alot"

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http://www.hoopsworld.com/HeadlineStories.asp?lc=NBA&c=1&TEAM_ID=&PLAYER_ID=&hd=20091025#STORY_22162

Could Cap Dip to $50 Million?

Complicating all this, the economic crisis that came down last fall after NBA teams had sold their season tickets, will have greater impact this season.

With last season's $58.7 million cap down to $57.7 million, the league has told teams to prepare for revenues to fall further, projecting the 2010-11 cap as low as $50.4 million.

Hmm, hopefully that is just the league screwing with the numbers because the CBO is up. If not, a whole bunch of teams are in trouble.

Just looking at the Pistons for next year. Assuming they pick up all of their team options on players. They have $56 million committed to 12 players. If Wilcox opts out it would be 11 players at $53 million. And I imagine Detroit is one of the teams in better shape compared to most others.

I imagine its just the league crying poor for the CBO negotiations.

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