League has set the cap at 55.6 million.The bobcats currently have 35.27 million in contracts before you include Matt Carroll's deal(which can't be finalized until tomorrow July 11th).That means we should have around 16 million in capspace prior to anything that's done with Gerald.
Quote:
The salary cap for the 2007-08 NBA season will be set at $55,630,000, ESPN.com has learned.
The number was reached after an audit of league finances and was set late Tuesday night by the players association and the league office. It will be the number teams use beginning Wednesday when a 10-day moratorium on free agent signing ends.
The mid-level exception for over-the-cap teams is $5,356,000, and the luxury tax threshold will be $67,865,000.
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http://sports.espn.go.com/nba/news/story?id=2932279
In other news Mo Williams and the Heat are talking.I don't see Williams going to Miami unless he's willing to settle for about 3 million less than he'd get from Milwaukee,but we don't want him to even think about it.Milwaukee has no point guards on their roster,so they have to address that no matter what and anyone who wants to arrange a sign and trade would most likely need to send back a point guard.Hard for me to see Milwaukee wanting to help out Miami.