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NBA CAP TO BE ANNOUNCED THIS WEEK; MORE MONEY FOR ROOKIES?
Published September 20, 1994
The NBA this week will finalize a league-wide salary cap for the coming season. The "ceiling could hit" between $15.8M-16.2M, an increase from last year's $15.175M. NBA teams hope to use the increase to sign 1st round picks. 76ers owner Harold Katz said he needs an estimated $1M more in space under the cap to sign his first round picks, Sharone Wright and B.J. Tyler, and said the "sum would probably be made up by 'restructuring' contracts of signed veterans (Frank Lawlor, PHILADELPHIA INQUIRER, 9/20). The signing of Wright may have an impact on other rookie deals. The Bullets and Timberwolves both have had trouble signing 1st round picks Juwan Howard and Donyell Marshall. The Wolves have apparently "invited trade feelers" on Marshall. Bullets GM John Nash: "We hear the cap is going to be less than $16M and that is going to cause problems for some teams" (Richard Justice, WASHINGTON POST, 9/20). GRANT WORKS WITH MAGIC: Horace Grant signed an NBA- approved 5-year deal with the Magic. The contract, which has a two-year, early-release option, comes a week after a federal judge ruled that Grant's first contract violated the NBA salary cap (mult., 9/20).