Salary cap set @ 57.7Mil
Old 07-07-2009, 10:43 PM   #1 (permalink)
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Unhappy Salary cap set @ 57.7Mil

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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.

Via Press Release


http://www.nba.com/2009/news/07/07/s....html?rss=true

Last edited by jeffb; 07-07-2009 at 10:48 PM.
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Old 07-07-2009, 11:10 PM   #2 (permalink)
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cool.
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Old 07-07-2009, 11:13 PM   #3 (permalink)
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So we pretty much lost a million Doh!
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Old 07-08-2009, 12:40 AM   #4 (permalink)
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So how bad is this gonna effect us.

*P.S
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Old 07-08-2009, 04:04 AM   #5 (permalink)
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makes no sense, league-wide revenue rose 2.5 %

I don't think it was necessary to lower the cap just because the economy is down, the cap is a max,not the minimum.
I think they did some teams a disservice by lowering the amount they can spend, should have been kept where it was at the least

NHL and NFL both raised their caps
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Old 07-08-2009, 06:48 AM   #6 (permalink)
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i dont get it so this is bad for us? can somebody tell me why?
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Old 07-08-2009, 07:03 AM   #7 (permalink)
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Raptors have to clear cap space to sign Turkoglu as FA (that's no S & T with Orlando).

They have to renounce their own FA's for that and will have few players left.

Also it means they go below the cap and that means no MLE.

That's the worst case scenario right there.
A higher cap would've made it easier to attract at least one other decent player through free agency.
Or re-sign a couple of their own.

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Old 07-08-2009, 08:04 AM   #8 (permalink)
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The NBA's ballyhooed free-agent summer of 2010 might have quietly taken another hit late Tuesday night.

In a memo announcing next season's salary cap and luxury-tax threshold, sent out shortly before the league's annual July moratorium on signings and trades was lifted at 12:01 a.m. Wednesday, NBA teams also received tentative projections from the league 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.

A significant drop for the luxury-tax threshold is also projected going into the summer of 2010. If basketball-related income drops by 2.5 percent in 2009-10, league officials are projecting a 2010-11 salary cap of $53.6 million and a luxury-tax line of $65 million. If BRI, as it is referred to in the NBA, decreases by five percent, teams would be looking at a $50.4 million salary cap and a luxury-tax line of $61.2 million in 2010-11.
NBA memo: Prepare for lower cap in 2010-11 - ESPN
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Old 07-08-2009, 09:12 AM   #9 (permalink)
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I net it goes down no more then 2-3Mil
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Old 07-08-2009, 09:52 AM   #10 (permalink)
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I think Bosh will think about signing an extension this year b/c it looks like the MAX will fall next year
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Old 07-08-2009, 10:03 AM   #11 (permalink)
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I just really hope that Orlando is now willing to take on a tpe in a 3 or 4 way trade for Hedo.

Their salary is now at 67.55 million(just barely below tax level) with only 8 guys signed under contract.

Their capholds are:

Carlos Arroyo - $4,000,000
Adonal Foyle - minimum salary
Pat Garrity - $3,818,750
Marcin Gortat - minimum salary
Tyronn Lue - $2,250,000
Jeremy Richardson - minimum salary

Bringing the, way above the tax, even with renouncing and filling out roster to the minimum level with minimum players they are going to be over the tax.

It would certainly save them oodles if they accept a S&T for TPE.
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Old 07-08-2009, 10:25 AM   #12 (permalink)
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I'm not sure why anyone thought the cap wasn't going to fall.... and why it won't continue. Honestly.
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Old 07-08-2009, 11:37 AM   #13 (permalink)
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REAL GM: The NBA has sent a memo to the teams stating that the Cap could drop substantially the year after this upcoming season.

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

Any free agents out there should be taking what they can get...
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Old 07-08-2009, 11:40 AM   #14 (permalink)
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I think Bosh will think about signing an extension this year b/c it looks like the MAX will fall next year
To What 19Mil?
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Old 07-08-2009, 11:46 AM   #15 (permalink)
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Originally Posted by jeffb View Post
To What 19Mil?
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The maximum amount of money a player can sign for is contingent on the number of years that player has played and the total of the salary cap. The maximum salary of a player with 6 or fewer years of experience is $9,000,000 or 25% of the total salary cap (2008-2009: $13,758,000). For a player with 7-9 years of experience, the maximum is $11,000,000 or 30% of the cap (2008-2009: $16,509,600), and for a player with 10+ years of experience, the maximum is $14,000,000 or 35% of the cap (2008-2009: $19,261,200)
so if the cap falls, the MAX falls
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Old 07-08-2009, 03:09 PM   #16 (permalink)
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What was the cap this year?
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