The NBA salary cap for next season was set at 58.04 million dollars, a figure larger than anticipated which could allow Miami Heat forming a team around Dwyane Wade, Chris Bosh and LeBron James might.
The cap takes effect on Friday, ending the moratorium period in the league and allowing the recruitment of free agents. The number effect until now was $ 57.7 million. The teams were warned in July that the economic crisis could send the stop to a figure of between 50.4 and 53.6 million dollars, ten million less than anticipated teams at some point. Apparently, the league overestimated his income.
Commissioner David Stern said in April that the league planned to stop at 56.1 million, a result of the creative work of the teams to sell tickets and sponsorships to achieve increased income. The nearly two million dollars more could be decisive for the Heat persuade James to join the other two stars, who announced on Wednesday it planned to sign for Miami. The cap does not affect its earnings during the first year in a maximum contract, which would be 16.6 million.
This means that the New York Knicks have a $ 36 million to spend before contracts are signed, leaving about 18.9 million.
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