More from RealGM
 General Basketball WiretapCap Set At $49.5 MillionThe 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. Read the Full Story Discuss Send Feedback Las Vegas Gets 2007 All-Star GameLas 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. Read the Full Story Discuss Send Feedback NBA Sets Amnesty Deadline At August 15In 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. General Basketball, Dallas Mavericks, New York Knicks Read the Full Story Discuss Send Feedback Jul 2005 Archive
|