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2009 Salary Cap


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#1 Guest_Nissan_*

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Posted February 17, 2009 - 12:29 PM

Finally, let me share a juicy tip from a league source on the state of the salary cap: Basically, it’s going to be worse than a lot of people expect, and the luxury tax level next year is going to be even lower than several teams are planning for now; the implications are going to be huge as we head into next year.

Here’s the more interesting part of what I was told — it may just be the tip of the iceberg. The salary cap (and thus the tax level) could potentially drop massively in 2010; my source used the term “bloodbath.”

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#2 Real Deal

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Posted February 17, 2009 - 02:27 PM

Not good for teams like New York and New Jersey, who traded away everything because they think they can get their two superstars in 2010. If the cap is set too low, it screws them over.

#3 Guest_Nissan_*

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Posted February 17, 2009 - 03:37 PM

Currently the NBA has ‘08-’09 salary cap ($58.68M) and luxury tax ($71.15M). ESPN has reported David Stern has notified the NBA teams the salary cap and luxury tax will be on the decline for the next couple of years. Rumors persist they could decline 5%-10% over the next 2 years.

  • ‘08-’09 - salary cap $58.68M - luxury tax $71.15M - current
  • ‘09-’10 - salary cap $55.75M - luxury tax $67.59M - projected 5% minimum decline
  • ‘10-’11 - salary cap $52.96M - luxury tax $64.21M - projected 5% minimum decline

:nervous:

#4 fanboyslim

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Posted February 18, 2009 - 12:08 AM

If that turns out to be true as reported I'm not sure what's going to accomplish. Even assuming it doesn't provoke a lockout (which I think it would), and without the ability to renegotiate existing contracts, this is going to force free agents to flee the NBA in droves. And at the end of the day, how is a 10% reduction in the cap over two years going to fend off the overall economic crisis?




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