ploto
02-18-2009, 01:32 PM
As commissioner David Stern warned at All-Star Weekend, the NBA is bracing to have the salary cap (and luxury-tax threshold) go down this summer for the first time ever. The picture might be even gloomier in 2010.
With season-ticket renewals expected to plunge because of the weakness of the economy, some league executives expect the cap to fall significantly, which could have serious ramifications for a number of teams. Some teams might find themselves paying the luxury tax, and some might not have the cap space needed to sign players in the already-celebrated summer of 2010.
All of that seems to be having a cooling effect as we approach Thursday's trade deadline.
"You've got a market loaded with motivated sellers and only a very small group of buyers," one NBA executive told ESPN.com. "It's really ugly. Owners are scared to death right now."
http://proxy.espn.go.com/nba/columns/story?columnist=ford_chad&page=TradeTalk-090217
With season-ticket renewals expected to plunge because of the weakness of the economy, some league executives expect the cap to fall significantly, which could have serious ramifications for a number of teams. Some teams might find themselves paying the luxury tax, and some might not have the cap space needed to sign players in the already-celebrated summer of 2010.
All of that seems to be having a cooling effect as we approach Thursday's trade deadline.
"You've got a market loaded with motivated sellers and only a very small group of buyers," one NBA executive told ESPN.com. "It's really ugly. Owners are scared to death right now."
http://proxy.espn.go.com/nba/columns/story?columnist=ford_chad&page=TradeTalk-090217