Headlines
NBA Advises 2019 Salary Cap Projects To Be $101 Million
According to Basketball Insiders’ cap guru Eric Pincus, the NBA sent a salary cap update memo to its teams, advising that current 2019 salary cap projections remain on course for a $101 million salary cap for the upcoming season.
In a memo to teams, the NBA has NOT changed it's preseason salary cap projection, it remains at $101 mil for 2018-19 and 108 mil for 2019-20. Tax at $123 mil and $131 mil, respectively. Typically, there's variance in the pre/post projection but not this year
— Eric Pincus (@EricPincus) April 16, 2018
Additionally, the players project to have earned $20 million more than their share of basketball related income. The NBA will recoup that $ from escrow (the 10% that's withheld all year from player checks)
— Eric Pincus (@EricPincus) April 16, 2018
The NBA projects that the players overage for 2018-19 to be $45 mil (which would again be recouped by the league via escrow)
— Eric Pincus (@EricPincus) April 16, 2018
The final salary cap amount gets locked in after both the NBA and the Players Association complete their season-ending audits. The results of those audits and the final accounting on the NBA Playoffs can impact the projected salary cap values.
For now, Minnesota’s talks with teams around the NBA are mostly dormant, league sources told The Athletic. The Miami Heat have long been the most aggressive team pursuing Butler, having advantages with a young, promising wing in Josh Richardson, being a team not in Minnesota’s conference and holding other assets to add in a package. Yet days before their own season opener Wednesday, Miami president Pat Riley informed his locker room that the team would stick with the current roster to start the season in a show of loyalty the organization has for their current players, league sources said.
Source: Shams Charania of The Athletic
In another rare confirmation of Miami Heat trade negotiations, a team spokesman confirmed shortly before Thursday night’s game that Heat President Pat Riley recently told the team’s players he was “pulling the plug” on trade negotiations regarding disgruntled Minnesota Timberwolves guard Jimmy Butler.
Amid growing speculation of specific Heat players being offered for Butler, Riley, during a recent practice session, lined up the team’s players on the practice court at AmericanAirlines Arena and told them he was standing by them.
Riley, however, did not state that a trade was categorically off the table.
The NBA G League today announced a Select Contract as part of a comprehensive professional path that will be available, beginning with the 2019-20 season, to elite prospects who are eligible to play in the NBA G League but not yet eligible for the NBA. The contracts, which will include robust programmatic opportunities for development, are for elite players who are at least 18 years old and will pay $125,000 for the five-month season.
“Select Contracts are an answer to the basketball community’s call for additional development options for elite players before they are eligible for the NBA,” said NBA G League President Malcolm Turner. “The supporting infrastructure surrounding these newly-created Select Contracts is designed to provide a rich offering of basketball and life skills developmental tools for top young players to grow along their professional paths from high school to the pros.”
Source: NBA
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