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NEW YORK -- The National Basketball Association today announced that the Salary Cap for the 2009-10 season will be $57.7 million. The tax level for the 2009-10 season has been set at $69.92 million. Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $69.92 million.

The 2008-09 Salary Cap was $58.68 million and the tax level was $71.15 million. Although league-wide revenue increased 2.5% this past season, the decrease in the Salary Cap and tax level for the 2009-10 season is the result of the formula used to set the Cap and tax under the terms of the collective bargaining agreement.

The new Salary Cap and tax level go into effect at 12:01 a.m. ET on Wednesday, July 8, when the league's "moratorium period" ends and teams can begin signing free agents and making trades.

The mid-level exception is $5.854 million for the 2009-10 season and the minimum team salary, which is set at 75% of the Salary Cap, is $43.275 million.

From the NBA league office. According to our handy-dandy contract info page, the Wolves currently have roughly $50 mil spread out over 12 players. Should they sign all 3 first round rookies, they are looking at a payroll of roughly $56.6 mil for 15 players. This is also the night where one would hope the Wolves are on the lookout for teams (like Portland) renouncing players to clear extra cap space for the free agents that can be signed after midnight EST.

over 2 years ago Journey_tiny Stop-n-Pop 18 comments 0 recs  | 

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snp..love the mobile comment function. I might post here now more than realgm. ha

any possible players who you think might be let go? toronto might be an option.

by revprodeji on Jul 8, 2009 1:00 AM CDT via mobile reply actions  

It is pretty nice

As for players, I don’t know who would be available. This is the time last year where Casey Jacobsen, Dan Dickau and Sean Livingston were renounced. The Blazers could renounce someone like Kopponen (they’ve already renounced Frye). Projects, specialists and Euros are sort of what to look for here.

The World's Leading Exporter of Small Area Quickness
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by Stop-n-Pop on Jul 8, 2009 8:26 AM CDT up reply actions  

Rubio on Twitter

Has anyone been paying attention to Rubio on Twitter? I swear I dont want to quote him but it will be interesting to translate most of his comments on there.

by GHACAN BLACKSTAR on Jul 8, 2009 2:20 AM CDT reply actions  

Salary cap

There are currently 9 teams over the current luxury tax threshold. Of those 9 I believe the one’s that can not afford to be over are NO, WAS and UTH. Of those teams I think NO will be looking for a lot of help to unload some contracts. I expect Chandler to go somewhere but could they let a name like Mo Pete, Julian Wright or Rasual Butler come over to the wolves for the right price? It wouldnt be bad for a one or two year rental for us and it would help them out. Since we have size we could do the old Big for small trade with them. What do you guys think?

by GHACAN BLACKSTAR on Jul 8, 2009 2:50 AM CDT reply actions  

Julian Wright, like

After a lunch break of trade machining,

Here’s what I got.

http://games.espn.go.com/nba/tradeMachine?tradeId=mhtga3

Woah .. did that blow your mind or WHAT?

I know it’s crazy but here’s the stuff:

For New Orleans:
Lets them shed 4 mil of their cap for the coming year and a whopping 11.350 mil (Chandler’s contract) the year after that. That’s about as much salary shedding as they’re gonna get, seriously.
 
With this trade they’ll have 26 mil less on their payroll than they have now in just one year after the end of the coming season. If they don’t do anything they would have shed 15mil anyway though.

So practically this enables them to offer someone a max deal next summer and only go ofter the cap about 2 mil (they’re 8 mil over it right now) OR more probably offer 2 very good players a 7-8mil deal to round out the rotation.

Moreover, it let’s them keep their current core intact (except Chandler).

Here’s what their rotation would look like; keep in mind they could turn it around quickly with signing 2 players to a 7mil deal to fill the holes.

Paul/Bassy
Peterson/Posey/Toaster
Stojakovich/Posey/Toaster
West/Songalia/Smith
Etan Thoms/Songalia/Madsen

Would off course mean a big downgrade….

For us it’s obvious I think

Adds some veterans to our back court to keep us on track in Butler, Daniels and Brown.
Adds some very good young players in Wright and Armstrong

Chandler is only 26 so he could be our veteran guy when the rest of the core is maturing, if he gells with the rest he’s a keeper.

If Rubio doesn’t come over, Daniels can help bridge the gap at PG the coming year.
With the addition of Armstrong and Chandler, Jefferson and Love don’t have to be on the court together as much.

Rotation:

Flynn(25)/Daniels(23)
Ellington(25)/Butler(23)
Brewer(25)/Wright(23)
Love(28)/Jefferson(20)
Jefferson(13)/Chandler(17)/Armstrong(8)

With Butler as a reserve for SG
With Gomes as a reserve for SF and PF

Think that’d be a killer big-man rotation…
Armstrong is the weak link here so we should be looking to trade him for a decent SG (or combo) for when Butler goes away that would be great.

When Daniels goes away we hopefully have Rubio at the Point and the Combo mentioned above as backup..

Off course Hornets would have to be in totally cost cutting mode for this to happen BUT It’s okay to dream right?

We got Rubio!

by Wim (Belgium) on Jul 8, 2009 6:01 AM CDT up reply actions  

Wow, that is a dream!

Don’t show this to Chris Paul, he’ll weep for days.

by Auswolf on Jul 8, 2009 6:23 AM CDT up reply actions  

Maybe then

we can sign him in 2010 :p

We got Rubio!

by Wim (Belgium) on Jul 8, 2009 10:36 AM CDT up reply actions  

Weird...

Earlier this morning they said the trades were successful. Now E. Thomas and Songaila (sp?) have clauses which, I guess, depreciate their value.

BetterLaettner

by BetterLaettnerThanRider on Jul 8, 2009 1:43 PM CDT up reply actions  

Indeed; my trade workout good at first too and now not anymore :(

We got Rubio!

by Wim (Belgium) on Jul 9, 2009 1:44 AM CDT up reply actions  

Given that they would have to take salaries back

in a closely calibrated manner to get under the threshold, I can’t see that many oppotunities there. NOH are in deep trouble; they’ll pay 8 million in tax on next seasons roster.

by Auswolf on Jul 8, 2009 3:57 AM CDT reply actions  

That new tax number...

…hurts a few teams. NOLA and Washington each got about $2 mil extra on top of what they had.

The World's Leading Exporter of Small Area Quickness
www.canishoopus.com

by Stop-n-Pop on Jul 8, 2009 8:34 AM CDT up reply actions  

I wonder how desperate NOLA is

We could save them 1.5 million in salary (and thus more in tax money) with the following deal:

Madsen and Telfair for

Butler and Armstrong.

That’s obviously a huge win for the Wolves,

by Eric in Madison on Jul 8, 2009 10:38 AM CDT up reply actions  

Exactly

I wonder how desperate they are; it’s really the only way we’re gonna improve through trade imo…

We got Rubio!

by Wim (Belgium) on Jul 8, 2009 10:40 AM CDT up reply actions  

They really got into trouble, didn't they?

They already have $64 million committed for 2010-11, not including Armstrong and Julien Wright.

That’s ugly. When they didn’t get better this year, and build on the previous year…things aren’t good. An aging Peja who won’t play 80 games again; a hurt Chandler, a declining Posey….

Chris Paul almost got them there, but it wasn’t enough, and now you can’t really see how they get better.

by Eric in Madison on Jul 8, 2009 10:51 AM CDT up reply actions  

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