HoopsHype Salary Cap rumors

February 1, 2013 Updates
September 6, 2012 Updates

Teams in China's professional basketball league are calling for an NBA-style salary cap after a sharp rise in overseas players signing big-money contracts. "We've been talking about how to make it happen," Bai Xilin, director of the Chinese Basketball Association (CBA) competition department, told the China Daily newspaper. "There is no timeline yet." Chicago Tribune

August 10, 2012 Updates

Choosing a path that will allow them to rebuild from the ground up with a collection of draft picks, promising young players and future salary cap space, the Orlando Magic divorced themselves from Dwight Howard and started anew on Friday. NBA.com

July 10, 2012 Updates
June 22, 2012 Updates

Under the CBA ratified by owners and players in December, the salary cap and luxury tax threshold cannot go lower in 2012-13 than their levels in the first year of the deal -- $58 million and $70.3 million, respectively. Despite a robust post-lockout recovery that included salvaging all $900 million or so of the league's national broadcast revenues, sources familiar with the NBA's finances believe overall revenues did not increase enough in 2011-12 to push the cap and tax significantly beyond current levels until 2013-14, the first season under a more punitive luxury tax designed to rein in big-spending teams. CBSSports.com

League executives expect the spending gap between the top and bottom to narrow as the effects of the new CBA kick in, beginning in 2013 -14 with vastly more onerous luxury-tax provisions. Indeed, some of the financial reset is expected to phase in during free agency this summer as teams position themselves to comply with the new guidelines and new player contracts begin to converge with old ones on teams' salary books. CBSSports.com

May 14, 2012 Updates

The N.B.A. players union is asking an arbitrator to clarify certain free-agent rights in a case that could immeasurably benefit the Knicks this summer, according to several people involved in the process. The case concerns what are known as “Bird rights,” which allow a player to re-sign with his team, without regard to the salary cap. The league contends those rights are lost when a player changes teams through waivers. The union is challenging that interpretation. New York Times

March 25, 2012 Updates

A financial riddle stumped officials in one NBA team's front office. It concerned the league's byzantine legalese regarding the salary cap. They needed help, fast. One official phoned the league office, seeking clarity. Another inspected the text of the NBA's collective bargaining agreement, a canon of lawyerly jargon as comprehensible as Sanskrit. Then, another official surfed to an exhaustively detailed online FAQ about the NBA labor deal authored by Larry Coon, a 49-year-old information technology director at UC Irvine. Coon laughed as he shared this anecdote. His list of NBA sources spans across the league's 30 teams, all because he explains something most deem unexplainable: the NBA salary cap. "You're the reason I have a job," one NBA general manager told him. Aberdeen News

Within the NBA, his work is appreciated. "It helps us because the more educated the fans are on the vehicles that you need to get things accomplished, the more they have realistic expectations," said Neil Olshey, the Clippers' vice president of basketball operations. For all the time he puts into his FAQ, Coon neither wants nor expects a dime in return; he doesn't even have advertisements on his simply designed site. It's a hobby to him, an entity free of commercial interest, and he wants to keep it like that. Aberdeen News

December 12, 2011 Updates

Crawford’s agent, Andy Miller, has been trying desperately for the past 48 hours to broker a three-team sign-and-trade deal between the Knicks, Hawks and another club under the salary cap to find a creative way to pay Crawford his market value, sources told The Post. The Warriors are one team Miller has tried to engage. The Knicks initially mulled dangling starting point guard Toney Douglas, an Atlanta native, in a potential deal, but they have since reconsidered, slowing progress. New York Post

December 10, 2011 Updates

According to one league source, short contracts are paramount right now to the Celtics, who are looking for salary cap flexibility the next two summers, with Kevin Garnett and Ray Allen both entering the last years of their deals. “The issue all along for them has been the number of years, not the money,” the source said. “They look at that team they have now as being a one-year, and maximum a two-year project. Letting Baby go was more indicative of where the franchise feels it’s going. They just feel that they don’t want to do long-term deals. That approach is going to give them a lot of long-term flexibility.” Boston Herald

December 8, 2011 Updates
December 6, 2011 Updates

It remains to be seen just how much of a pay cut a top free agent would take to join the Miami Heat. But at least one admits the Heat’s salary-cap situation could make it difficult. Because they are over the salary cap, the Heat at most will be able to offer a free agent the mid-level exception of $5 million. That might not be enough to entice center Samuel Dalembert. “Yeah, that would be tough," Dalembert said Monday in a phone interview with FOX Sports Florida about signing with the Heat for that amount. “But you never know. There are trades and things that you could do." FOXSports Florida

November 28, 2011 Updates

The Pacers talked to the Utah Jazz about forward Paul Milsap prior to the draft. Expect them to make a phone call to the Jazz again. The 26-year-old Milsap, a Pacer killer in the past, averaged a career-high 17 points last season. The Pacers can make this deal happen because they’ll have salary cap space and they won’t hesitate to give up a draft pick to get a player that will help solve their power forward problems. Indianapolis Star

October 27, 2011 Updates

According to TNT’s David Aldridge (check out the video above), the two sides have not broached the subject of BRI yet, which means … which means the big lifting is still to come. Instead, D.A. says the structure of a luxury tax — one of the “system” issues that the two sides worked so hard on in their 15-hour session yesterday (and this morning) — is still being debated. The league wants a harsher one than is in the just-expired agreement in order to discourage big-spending teams from going over the salary cap. The union fears a tax that is too punitive would restrict player movement. NBA.com

October 25, 2011 Updates

The NBA says Mark Cuban proposed a new salary cap exception, not the elimination of the salary cap, during a meeting between owners and players last week. In a podcast with ESPN.com, players' association executive director Billy Hunter said Cuban, the Dallas Mavericks' owner, proposed what he called a "game changer,'' which would replace the salary cap with a heavy tax for teams that spent to a certain level. Hunter said the players were interested in discussing the idea, but then were told by the owners they wouldn't pursue it. SI.com

October 24, 2011 Updates

Hunter said that during last week's long negotiations there were multiple ideas presented, with one interesting concept coming from Mavericks owner Mark Cuban. Hunter said Cuban came up with a structure called the "Game-changer" that included no salary cap. Hunter said he took that back to the players and they had a version of it they liked and then Hunter said two or three owners were very excited about it. And then a couple small market owners put the kibosh on it. "We're open to the idea Mark Cuban put on the table," he said. CBSSports.com

October 10, 2011 Updates

In one small but encouraging sign in the last-minute negotiations between the NBA and the National Basketball Players Association on a new collective bargaining agreement, a source who has been briefed on the discussions between the two sides said Monday afternoon that the sides are close to an agreement on one "system" aspect that has proven troublesome -- a new, shorter mid-level exception for free agents. Owners have sought a major reduction in the mid-level, one of the key ways that teams over the salary cap are nonetheless able to add players. Implemented in the 1999 CBA after players agreed to accept maximums on player salaries, the mid-level was designed to give non-superstar players a chance at a good payday during their careers, and it has done just that. Tied to the average salary in the NBA, last year's mid-level started at $5.8 million. With annual 8 percent raises, a five-year mid-level contract would be worth $37 million. NBA.com

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