Thursday, July 8th, 2010 at 9:00 am  |  5 responses

The Salary Cap Has Increased

Despite the League and its owners’ claims of being broke, there’s more money for teams to spend now than prior to the recession (something Billy Hunter and company will surely make note of at the next CBA battle.) The NY Times has the details: “The N.B.A. announced a new salary cap of $58.04 million on Wednesday night, a higher-than-expected figure that could bolster several teams. The figure was sent to the 30 franchises early in the evening and announced to the news media shortly after. The 2010-11 cap represents a modest increase, about $340,000, over last season’s salary cap. But it was a positive sign for the league, which had been projecting a significant decrease in the cap, based on expected lower revenues. The figure is a $2 million increase over the most recent projections.”

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  • http://AOL.COM RUN’N'GUN21901

    so the players that opted out due tho the new CBA got dooped. lol

  • http://www.nba.com/sun Dacre

    What a relief :|

  • http://www.hibachi20.blogspot.com BETCATS

    Mo money mo problems.

  • http://thekobebeef.wordpress.com LDR4

    I can’t wait for the CBA to start lurking over everyone’s heads. Hearing multi-billionaire owners say they are broke and need help/new arena to stay afloat but can’t pay for anything is priceless. Just like millionaire players who will complain that they have kids to feed (Latrell Spreewell) and cannot affort to take a pay cut. Or David Stern saying the league is broke when they still shell out money on the worst ads a major sport has. Oh man, I like those things…wait, no I dont.

  • http://www.slamonline.com riggs

    so does that mean carmelo lucked out?