The Salary Cap Has Increased

by July 08, 2010
12

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.”