Next Summer Could Be Quiet For NBA With Expected Cap Drop
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Thorn Notes Lower Salary Cap Next
Summer Will Alter Free Agency |
The expected "free spending just won't exist" in the NBA following the '09-10 season, as the news of an anticipated "dramatic drop in both the salary cap and the punitive luxury tax threshold for the 2010-11 season has sent a chill through every team in the league," according to sources cited by Tim Povtak of FANHOUSE.com. Nets President Rod Thorn said, "A lot of teams that thought they were going to have significant cap space are not going to have it now. I think it's going to really affect what might happen next summer." Magic GM Otis Smith: "It's going to change the way people look at that class. People that thought they would have a lot of money to spend aren't going to have it now." Thunder GM Sam Presti noted it is "hard to predict what's going to happen a full calendar year from now." But he added, "We're all aware of what's going on with the economy. This is not a time to be overly aggressive." NBA player agent Keith Glass said the lower luxury tax threshold will "really cut down the free-for-all that you expected." Glass: "Teams that were gearing up for next summer will have less money available. Teams that were thinking two are now thinking one. Everything goes down" (FANHOUSE.com, 7/9). In Detroit, Drew Sharp notes if the "worst aspects of the dire 2010 NBA revenue forecast" come true, there could be an almost $10M "reduction in the salary-cap and luxury-tax threshold over a two-year period." If that happens, "forget about next summer's big-ticket free agents ... changing addresses," including Fs LeBron James, Chris Bosh and Amare Stoudemire and G Dwyane Wade. Sharp: "You'll see a drop in those players opting out early." Meanwhile, Mavericks F Dirk Nowitzki "could opt out next summer," but Sharp asks, "Do you really think he'll walk away from a final year paying him $21.5 million?" (DETROIT FREE PRESS, 7/10).
CLEVELAND ROCKS? In Cleveland, Brian Windhorst writes the memo announcing the anticipated drop was "jarring, and if it comes true, it could change everything many expect to happen next year." Should the salary cap fall as predicted, James' financial incentive to remain with the Cavaliers "will increase exponentially." The Cavs can give James around $2M more per season and "larger raises than a new team can ... by accepting his option and then extending his current contract" (Cleveland PLAIN DEALER, 7/10).
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