2010-11 cap $2M higher than thought


By Marc Stein
ESPN.com
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NBA teams found out Wednesday that the salary cap for next season will be nearly $2 million higher than anticipated, providing additional unforeseen cap space to several teams.
The NBA announced a cap of $58 million for the 2010-11 season, when most teams had budgeted a cap of $56.1 million.
The exact salary cap figure, according to league sources, is $58,044,000, up from $57.7 million in the 2009-10 season.
That means teams such as Miami, New York, New Jersey, Chicago and the Los Angeles Clippers have more spending room than anticipated to accommodate free-agent signings.
The luxury-tax line for the coming season will be $70,307,000, up from $69.9 million.
The mid-level exception for next season is $5.765 million.
The cap goes into effect at 12:01 a.m. Thursday, ending the league's moratorium period and allowing free agent contracts to be signed.
Marc Stein is a senior NBA writer for ESPN.com.




NBA teams to operate under $58M salary cap - ESPN