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Cap Set At $49.5 Million

Jul 31, 2005 9:29 PM EST

The salary cap will be set at $49.5 million, an increase of $5.63 million from last season.

For the first time, teams will know before the season begins what the luxury tax threshold will be -- $61.7 million. Teams with payrolls over that will have to pay a dollar-for-dollar tax on the amount of their payroll that exceeds the $61.7 million.

Via AP

General Basketball

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Las Vegas Gets 2007 All-Star Game

Jul 30, 2005 9:59 PM EST

Las Vegas will be the site of the 2007 NBA All-Star Game, marking the first time the event will be held in a non-NBA city.

An official with knowledge of the decision, speaking on condition of anonymity, confirmed reports in the Las Vegas media that the city has been given the go-ahead to play host to the league's showcase event.

Mayor Oscar Goodman and the Las Vegas Convention and Visitors Authority had been making a strong push to land the game, and one of the final obstacles was finding a way to convince a few luxury suite holders at the Thomas & Mack Center to relinquish their boxes in exchange for seats elsewhere in the arena.

Via ESPN

General Basketball

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NBA Sets Amnesty Deadline At August 15

Jul 30, 2005 9:28 PM EST

In a concession to the NBA Players' Association, the deadline for the "amnesty" clause, which will allow teams a one-time exception to waive a player without paying further luxury tax on the player's contract, has been moved up to Aug. 15.

Teams such as the Dallas Mavericks and New York Knicks, who are expected to use the clause -- also known as the Allan Houston Rule -- to waive Michael Finley and Houston to avoid paying future luxury tax on their contracts, will have less than two weeks to make final decisions once the labor deal is implemented Tuesday.

The original deadline was Oct. 1. All 30 NBA teams will now have the right to make one amnesty waiver starting Tuesday at noon ET through Aug. 15. Teams are not required to use this clause and early estimates suggest that less than half of the league's clubs will exercise the option largely because the rule only provides luxury-tax relief, not salary-cap relief.

The Mavericks are trying to trade Finley to keep him out of the Western Conference and to avoid losing him without compensation. If they end up waiving him, a string of playoff contenders, including the Phoenix Suns, San Antonio Spurs, Detroit Pistons, Denver Nuggets, Houston Rockets, Chicago Bulls and Miami Heat, are expected to pursue Finley.

The union argued that an Oct. 1 deadline gave the teams releasing players too much control over their players' futures. The Aug. 15 deadline is early enough to give Finley, Houston and anyone else released via the clause a chance to compete for free-agent dollars long before training camps open Oct. 3.

Via ESPN

General Basketball, Dallas Mavericks, New York Knicks

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Jul 2005 Archive

  • NBA Collective Bargaining Agreement Ratified And Signed

    Press Release | Jul 30, 2005

    In a press release sent to RealGM and members of the media, NBA VP of Basketball Communications Tim Frank advised that the CBA has been signed and teams can sign free agents from noon ET on Aug 2

  • New CBA Finally Ratified, Signings Can Begin At Noon On Tuesday

    ESPN | Jul 30, 2005

    After two delays and hundreds of lawyer hours, both the league and the Players' Union finally completed and ratified the documents for the new six-year agreement, which was agreed to in principle over a month ago.

  • Chad Ford To Leave ESPN

    Christopher Reina/RealGM | Jul 26, 2005

    Multiple sources have confirmed to RealGM's Christopher Reina that Chad Ford, NBA Insider for ESPN.com will be leaving his post in the coming weeks. He will reportedly become a professor at BYU-Hawaii.

  • Drobnjak Leaves NBA For A Monster Deal In Spain

    B92 Sport | Jul 26, 2005

    A veteran of 4 years in the NBA, Predrag Drobnjak decided to continue his career in Spain, agreeing to a 3 year deal with Tau Ceramica, which recently also signed Raptors' 2005 2nd round pick, Roko Leni Ukic.

  • Moratorium To Be Extended Again

    NBA | Jul 25, 2005

    The days remaining before Allan Houston is waived by the Knicks seems to change by the second. After moving up their August 1st end to the moratorium to the 28th of July, it now appears to have been extended again.

  • NBA Sets New Free Agency Signing Date Of July 28

    USA Today | Jul 23, 2005

    Players such as Bobby Simmons will officially join their new teams beginning on July 28th at 6:00 PM EST.

  • NBA Free Agent Signing Date Officially Pushed Back

    Chicago Tribune | Jul 20, 2005

    Players such as Larry Hughes will have to wait a little longer before their new zipcodes officially take effect. The league sent a memo to its 30 teams saying they will not be able to sign free agents on Friday.

  • Still Hope For CBA To Be Completed This Week, Delay Possible

    Marc J. Spears/Denver Post | Jul 20, 2005

    The NBA and the players union announced a six-year collective bargaining agreement last month but pushed back the date when free agents could start signing, from July 14 to July 22 as they worked out details.

  • NBDL Makes Official Transition To Developmental Role

    NBA PR | Jul 19, 2005

    The NBDL has changed its name to the NBA Development League to better reflect the future role of the league within the new NBA-NBPA’s Collective Bargaining Agreement.

  • Moratorium On Signing Free Agents Pushed Back?

    St. Paul Pioneer Press | Jul 19, 2005

    The St. Paul Pioneer Press is reporting that the moratorium on signing free agents probably will be pushed back from Friday to Aug. 1. An official announcement could come soon. The new collective bargaining agreement has not been ratified, causing the delay.

  • Teams Cautious As Free Agent Negotiating Begins

    Dallas Morning News | Jul 2, 2005

    The Dallas Morning News writes that the free agent period has been slow and quiet for most teams thus far, with most teams keeping a safe distance from key free agents such as Ray Allen of the Sonics or Michael Redd of the Bucks.