The NBA is setting the 2009-2010 salary cap at $57.7 M. Of potentially bigger news, the NBA is forecasting next year's salary cap at between $50.4M and $53.6M.
Also, not surprisingly, the NBPA is upset. Of course, there is no reason why the players should not share in the economic downturn. With guaranteed contracts, they have supreme job security. Additionally, the NBPA negotiated the CBA.
For more reading see: http://sports.espn.go.com/nba/news/story?id=4312837.
This link did a good job of breaking down some of the effects of the lowered salary cap and escrowed funds. The owners hedged their exposure for what was probably a very unlikely condition. I know the first time I read about the escrow system I thought it would never apply.
No comments:
Post a Comment