WOW!!!
Talk about getting luck
IER.... for the HEAT...??!!
Salary cap set higher than expected....
NEW YORK (AP) -- The NBA salary cap for next season was set Wednesday at $58.04 million, a higher number than projected that could help Miami fill out a roster around Dwyane Wade, Chris Bosh and perhaps even LeBron James.
The cap goes into effect at 12:01 a.m. Thursday, ending the league's moratorium period and allowing free agent contracts to be signed.
It's a slight increase from this season's $57.7 million cap, a surprise for teams considering what they were bracing for last summer.
Teams were warned in a memo last July that the economic crisis could send the cap spiraling to somewhere between $50.4 million to $53.6 million, some $10 million below what teams were once anticipating.
Apparently, the league underestimated its revenues.
Commissioner David Stern said in April the league was projecting the cap to come in at $56.1, a result of creative work by teams in selling tickets and sponsorships that drove up revenues, and the number announced Wednesday even surpassed that.
NBA salary cap set at $58 million, higher than expected - NBA - SI.com