Real GM has a press release from the NBA with the updated NBA Salary Cap figures.
The National Basketball Association today announced that the Salary Cap for the 2009-10 season will be $57.7 million. The tax level for the 2009-10 season has been set at $69.92 million.
Although league-wide revenue increased 2.5% this past season, the decrease in the Salary Cap and tax level for the 2009-10 season is the result of the formula used to set the Cap and tax under the terms of the collective bargaining agreement.
Thanks to Storyteller's Contracts Spreadsheet, here is the current salary book for the 2009-2010 Portland Trail Blazers.
(Darius Miles) $9,000,000
Joel Przybilla $6,857,725
LaMarcus Aldridge $5,844,827
Greg Oden $5,361,240
Martell Webster $4,319,654
Steve Blake $4,000,000
Brandon Roy $3,910,816
Travis Outlaw $3,600,000
Jerryd Bayless $2,143,080
Rudy Fernandez $1,165,320
Nicolas Batum $1,118,760
(Victor Claver) [#22 in 2009] $1,012,900
(Petteri Koponen) [#30 in 2007] $824,200
(Joel Freeland) [#30 in 2006] $824,200
- Salary Cap $57,700,000
- Total Salary/Cap Holds Committed $49,982,722
- Current Free Space Under Cap $7,717,278
Note: The numbers listed above do not take into account any of Portland's 3 secound round picks in this year's draft: Jeff Pendergraph, Dante Cunningham and Patty Mills.
Of course, tonight at Midnight Eastern marks the end of the moratorium and the beginning of the free agency signing period.
Update: According to Awoj at Yahoo! Sports the Blazers had to pay $5.8 million in luxury tax for the 2008-2009 season.
Update: A late note from Storyteller and douglast...
Renouncing Freeland and Koponen would make the total salary committed $48,334,322 but would create an additional cap hold of $457,588 (for only having 11 players count against the cap) which would bring the total to $48,791,910.
That means $8,908,090 in cap room if Koponen and Freeland are renounced.
-- Ben (firstname.lastname@example.org)