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.
Projected No. 1 pick LaMelo Ball met with the Minnesota Timberwolves, owners of the top selection in the NBA draft, on Tuesday, a source told ESPN.
The meeting, conducted in Southern California, consisted of an interview and did not feature any basketball activity. It was attended by Gersson Rosas, the Timberwolves’ president of basketball operations, and head coach Ryan Saunders, the source said.
Source: Jonathan Givony of ESPN
A note on the offseason: several teams said the Knicks are open to using their cap space to take on undesirable contracts via trade, SNY has learned.
The Knicks would presumably acquire another draft pick and young player in this kind of trade. New York has the No. 8, No. 27 and No. 38 picks in the draft.
The idea of taking a bad contract into cap space could be one of several avenues the Knicks are considering this offseason. Depending on what they decide to do with the contract options for Bobby Portis, Wayne Ellington, Taj Gibson and Reggie Bullock, New York could have more than $60 million in cap room in the offseason.
Source: Ian Begley of SNY.tv
The Philadelphia 76ers are in advanced talks on a deal to hire Daryl Morey to oversee the franchise’s basketball operations, sources tell ESPN.
The Philadelphia 76ers are in advanced talks on a deal to hire Daryl Morey to oversee the franchise’s basketball operations, sources tell ESPN.
— Adrian Wojnarowski (@wojespn) October 28, 2020
A deal is expected to be finalized in the next few days, and Sixers GM Elton Brand is expected to remain in his current position, sources said.
A deal is expected to be finalized in the next few days, and Sixers GM Elton Brand is expected to remain in his current position, sources said. https://t.co/fHb5Mds9yG
— Adrian Wojnarowski (@wojespn) October 28, 2020
Source: Adrian Wojnarowski on Twitter
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