Aug 03, 2009 4:06 PM EST

The Cavaliers once thought that they would be able to sign another major free agent in addition to LeBron James next summer, but that is no longer the case.

The NBA's salary cap will be $58 million for the 2009-10 season, and the league office has warned teams that the cap could drop to as much as $8 million next year.

Cleveland signed Anderson Varejao, Jamario Moon and Anthony Parker this summer, effectively using up their cap space.

Via News Herald