David Stern announced on Friday that next season's salary cap is expected to be significantly higher than previously anticipated. Instead of falling between $50-53 million as was projected late last season, the new projection Stern delivered was $56.1 million.
That money may not seem like much, but to the team's saving up every nickel and dime for this summer, it could be the difference between landing a Chris Bosh or coming away empty handed.
Washington, Chicago, Sacramento, and the Los Angeles Clippers will all assuredly have enough cap space to sign max-contract free agents now.
But the real winners are the Miami Heat and New York Knicks. With the new projection the Knicks will probably see their dream of signing two players to maximum contracts.
The Heat are even more lucky. They already had enough money to do that, even in the most modest of cap projections. Now though, they have enough space to re-sign Wade, bring in another max free agent and still have enough money left over to bring a third player in on a sizable contract above the mid-level exception.
Mark Stein of ESP ...
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Article written by Michael Pinto
The Miami Heat ‘Take Control’ of Free Agency with New Cap Projection
April 16th, 2010 by Michael Pinto Leave a reply »
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