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NBA WANTS A LID ON SALARY CAP; GRANTHAM TO MAKE NEW OFFER?
Published March 7, 1995
One of the "major obstacles" in negotiations for a new CBA between the NBA and the NBPA is "the league's effort to tighten the salary cap by limiting how much a team is permitted to pay its own free agents upon re-signing them," according to Peter Vecsey in this morning's N.Y. POST. Teams can now re-sign veteran free agents for as much as they want, without it affecting their cap. The league wants to impose a 100% ceiling preventing the "glaring exceptions" which cause teams to exceed the cap. NBPA Exec Dir Charles Grantham admitted that the issue is one of the "bulkiest in the negotiations." Grantham said he would make a counter-proposal shortly after reading the financial information provided by the league (N.Y. POST, 3/7).