NBA projects 2010-2011 salary cap at 56.1 million

[djohn2oo8]

NEW YORK -- The New York Knicks (http://sports.espn.go.com/nba/clubhouse?team=nyk) and other teams hoarding salary-cap space got some good news Friday when they were told at the league's Board of Governors meeting that the projected 2010-11 salary cap will be $56.1 million.

That figure was $2 million to $3 million more than most teams had been expecting, and for the Knicks it ensures they have enough cap space this summer to sign two maximum-salary free agents.

"That's a lot of money. That's good," said Knicks president Donnie Walsh, who attended the meeting to learn the results of the Knicks' draft position through a tiebreaker.

Because of the worldwide economic downturn, the league had warned teams last July to expect the salary cap to be significantly lower -- perhaps as low as $51 million.

Other teams that will be positively affected by Friday's news include the Nets, Heat, Wizards, Bulls, Clippers and Timberwolves.

http://sports.espn.go.com/nba/news/story?id=5099980

The Knicks are gonna get screwed over by everybody :lol

[Kai]

The Knicks are gonna get screwed over by everybody :lol

This actually helps the Knicks out.

[ChrisRichards]

Miami is resigning Wade and then get Bosh or Amare this summer. Fuck yeah.

[djohn2oo8]

This actually helps the Knicks out.

Yeah the cap does, but here's where they will fail

1.) LeBron re-signs with the Cavs
2) Amare goes to Miami to join Wade
3) Joe Johnson gets the max from ATL
4) Bosh goes to the Bulls or the Rockets in a SnT
5) Gay stays with Memphis

[Muser]

Knicks will end up with some grade B stars and be a mediocre playoff team IMO.

[djohn2oo8]

And Boozer won't make that much of a difference in NY

[JoshO501]

adrian wojnarowski: MIami can re-sign Wade, add a max player and another $9-10 million guy," laments one executive on Heat. "They control free agency."

[JoshO501]

adrian wojnarowski: Salary cap projection of $56.1 million, says one Eastern Conf. exec., "really puts Miami in the driver's seat of free agency this summer."

[JMarkJohns]

Heat would be smart to add Johnson and Lee.

PG: Chalmers
SG: Wade
SF: Johnson
PF: Beasley
C: Lee

They can draft some additional depth beyond Cook. I can't see Amare turning down the money Phoenix can throw at him. At worst it's a sign-n-trade for Amare, which isn't a bad idea for Miami either. They trade Beasley and a 1st for Amare and they could have enough CAP space to sign Wade, Amare and another MAX contract.

LeBron, Wade, Amare in Miami is possible.

[djohn2oo8]

Heat would be smart to add Johnson and Lee.

PG: Chalmers
SG: Wade
SF: Johnson
PF: Beasley
C: Lee

They can draft some additional depth beyond Cook. I can't see Amare turning down the money Phoenix can throw at him. At worst it's a sign-n-trade for Amare, which isn't a bad idea for Miami either. They trade Beasley and a 1st for Amare and they could have enough CAP space to sign Wade, Amare and another MAX contract.

LeBron, Wade, Amare in Miami is possible.

Too many egos

[JMarkJohns]

True. Which is why I said to add 10+ for Lee and MAX for Johnson, draft two bigs and that's a quality team this year, and could develop shortly into a top-2 team in the East.

[JoshO501]

adrian wojnarowski: With disparity between NBA's '09 cap warnings and today's new $56.1M figure, union will look at possible collusion case, source tells Y!