Storyteller

OK, here's an interesting question that came to my mind this afternoon.

It has to do with the Bobcats and the expansion draft. It's been well discussed that Charlotte will select 14-29 players in the expansion draft. But what will be their salary cap when they select players?

I know that their cap will be 2/3 that of every other team's cap. However, the expansion draft will be before the rookie draft - in June. And the new salary cap won't be set until July. So, will they operate under a cap that is 2/3 of the current salary cap (approximately $29.2 million)? Or will they operate under a cap that is 2/3 of a "best guess" cap figure for the other teams?

My first inclination is to say that they'll operate under the $29.2 figure, then have their cap increased when everyone else's is raised (that is if the salary cap increases as everyone expects it to). But I'm not sure. Thus the question.

BTW, this isn't urgent or life-changing or even really important. Just my curiousity at work.