NBA warns teams about shrinking cap
The NBA sent out an ominous memo to its teams on the eve of the league’s trade deadline to outline dramatic projected drops in salary-cap and luxury-tax levels for the next two summers, Yahoo! Sports has learned.
Because of rapidly declining revenues, the league office delivered a sobering warning to teams trying to free cap space for the historic free-agent class of 2010: Owners and executives will likely have to strip more payroll than initially planned.
8 months ago
NBA Observer
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Which is why a lot of those 2010 guys might not be opting out
Plus the they’ve begun discussing the new CBA. I’m sure when those guys (Bosh, Wade, Lebron, etc.) signed their short term deals, they thought the money would continue to grow. I’m wondering how they view this now?
by kingj41 on Feb 19, 2009 9:47 AM CST reply actions 0 recs
Those guys don't have to worry.
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by Andrew7 on Feb 19, 2009 10:22 AM CST up reply actions 0 recs
Worry?
I know they don’t have anything to worry about, but maximum contracts are controlled by the salary cap and years played. If those guys’ agents anticipated an ever increasing cap, their future contracts could be worth less money (although more guaranteed due to length) than if they’d signed for a longer extension 2-3 years ago. Not a big deal to me personally, but it’d be interesting to see what the % difference may be.
by kingj41 on Feb 19, 2009 11:31 AM CST up reply actions 0 recs
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