NBA cap projection higher than thought

Discussion in 'Chicago Bulls' started by truebluefan, Apr 16, 2010.

  1. truebluefan

    truebluefan Administrator Staff Member Administrator

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    The projected 2010-11 salary cap will be $56.1 million.

    Thoughts on what this means to the Bulls?
     
  2. JayJohnstone

    JayJohnstone Active Member

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    how much higher is that?
     
  3. shankyoass

    shankyoass Ceci n'est pas une pipe.

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    It was thought to be between $50-53M previously.
     
  4. Sex Panther

    Sex Panther works every time.

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  5. MikeDC

    MikeDC Member

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    The prior figures I'd heard was $53-54M as the most likely number.

    Hence, it's likely $2-3M extra. That's pretty good.

    Basically, the Bulls have the following guys under contract for $31.9M.

    Add in our first rounder at $1.3M and we're up to $33.2M for 7 players. The cap rules attach cap holds worth the league rookie minimum ($0.47M) for every player you have under $11M. Thats 4 x $0.47M = $1.9M.

    That brings our cap value to $35.1M.

    So we will have anywhere from $18M (at a $53.1M cap) to $21M (at $56.1M) in cap space. A max deal will be between $15.9M and $16.8M depending on where the cap falls.

    So basically, the higher the cap gets, the more extra cap space we've got, which we could use to sign an extra player.
     

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