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NBA salary cap set at $58.044 million

Basketball Betting Lines

07/07/2010 - New York, NY (Sportsbook Betting Lines) - The NBA has set the salary cap for the 2010-11 season at $58.044 million.

This year's cap marks a surprising increase from 2009-10, when it was $57.7 million. The current figure is higher than the $56.1 million projected in April by commissioner David Stern.

With the salary cap in place, teams can start to officially sign players and make trades at 12:01 a.m. (et) on Thursday, July 8. The tax level for teams is $70.307 million.

In addition, the mid-level exception for next season is set at $5.765 million, while the minimum team salary, which is 75 percent of the cap, is set at $43.533 million.

Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $70.307 million.

Some teams have already verbally agreed to deals with the New York Knicks set to get Amare Stoudemire, the Heat coming to terms with Dwyane Wade and Chris Bosh, and the Chicago Bulls reportedly landing Carlos boozer.

The biggest name in free agency, LeBron James, is set to announce his decision Thursday night.


<< Clippers introduce Del Negro
Los Angeles, CA (Sportsbook Betting Lines) - The Los Angeles Clippers introduced Vinny Del Negro as their next head coach. The team held a press conference Wednesday for the 43-year-old Del Negro, who had one season and about $2 million remaining on h

<< Cubs put RHP Schlitter on DL
Phoenix, AZ (Sportsbook Betting Lines) - The Chicago Cubs have placed right-handed pitcher Brian Schlitter on the 15-day disabled list with a right shoulder impingement. Schlitter had his contract selected by the Cubs June 26 and made thre

<< Speculation building on LeBron's decision
Akron, OH (Sportsbook Betting Lines) - The speculation has been building and on Thursday night at 9 p.m. (et), two-time reigning MVP LeBron James will disclose his decision of where he'll play next. Will he remain with the Cavaliers? Better yet,

<< Thrashers re-sign Boulton
Atlanta, GA (Sportsbook Betting Lines) - The Atlanta Thrashers re-signed forward Eric Boulton on Wednesday. Terms of the deal were not disclosed by the club, but the Atlanta Journal- Constitution reported it is for one year and worth $650,000.

<< Kings ink Cousins
Sacramento, CA (Sportsbook Betting Lines) - The Sacramento Kings signed center DeMarcus Cousins, the fifth overall pick in the 2010 draft, on Wednesday. Terms of the deal were not released. Cousins, 6-foot-11, 270 pounds, averaged 15.1 points,

Jags release DE Hayward >>
Jacksonville, FL (Sportsbook Betting Lines) - The Jacksonville Jaguars have released defensive end Reggie Hayward, who spent nearly all of the 2009 season on injured reserve. The club had just re-signed him on April 1. Hayward suffered a

Dodgers put Belisario on restricted list; re-instate Monasterios >>
Los Angeles, CA (Sportsbook Betting Lines) - The Los Angeles Dodgers placed pitcher Ronald Belisario on the restricted list Wednesday due to personal reasons. Belisario had been a lynchpin in the Dodgers bullpen, posting a 1-1 mark with a 3.79

Raiders blast media with regard to Russell issue >>
Alameda, CA (Sportsbook Betting Lines) - The Oakland Raiders issued a statement on Wednesday saying they tried to assist JaMarcus Russell prior to releasing him two months ago. He was arrested on Monday for possession of codeine syrup without

Leafs ink blueliner Lebda >>
Toronto, ON (Sportsbook Betting Lines) - The Toronto Maple Leafs have signed unrestricted free agent defenseman Brett Lebda to a two-year contract. The 28-year-old Lebda had a goal and seven assists while playing 63 games for Detroit las

Scherzer dominant as Tigers top O's >>
Detroit, MI (Sportsbook Betting Lines) - Max Scherzer threw seven solid innings as the Detroit Tigers completed a three-game sweep of the Baltimore Orioles with a 4-2 win. Scherzer (6-6) retired the first 11 batters he faced and was charged with

Big Ten Conference odds

Teams that should be in: Michigan State, Indiana
Work left to do: Illinois, Purdue, Michigan, Iowa

Behind the big two, the pecking order might be in a bit of flux. Has Michigan State passed Indiana after handling the Hoosiers in East Lansing? Where is Illinois in that mix? What looked like a four-big league last week could be morphing into five -- and even six is not unthinkable at this point if everything breaks right.

Should be in:

Michigan State [21-8 (8-6), RPI: 20, SOS: 15] The Spartans made it four-for-four on the homestand, a gigantic accomplishment that leaves them in extremely good shape. MSU is only 1-6 on the road and is at Michigan and at Wisconsin to close things out, meaning the date with the Wolverines on Tuesday looms very, very large. Beating Texas early will hold up well, as will the rout of Bradley and the win over BYU, but will 8-8 be enough? It very well could be, as the computer numbers are good, but why chance it?

Indiana [18-9 (8-6), RPI: 24, SOS: 32] Hmm ... good thing the last two are at Northwestern and home to Penn State, because IU might want to get both to feel completely safe after dropping its third in the last four, fading after halftime at Michigan State. Who knew the best nonconference win would be over Southern Illinois, which is a gift that keeps on giving for the Hoosiers. The win over Wisconsin also looks good on the mantel.

Work left to do:

Illinois [21-9 (9-6), RPI: 31, SOS: 25] A good performance at Penn State leaves the Illini in pretty good shape. Can they go to Iowa and take care of business to really look on their way? That's a huge game, as there is a possible cluster of teams that will end at 9-7. Illinois beat Bradley, but has lost to Xavier. A 9-7 mark and a semifinals trip in Chicago could be enough with the computer profile hanging in there, but it would be better not to mess around, clinching at least a tie for third.

Purdue [18-10 (7-7), RPI: 47, SOS: 28] Couldn't get it done at Iowa, but did win at Northwestern to put 9-7 squarely in sight. Where does that leave the Boilermakers, though? Even if they beat Minnesota and Northwestern at home, that won't help the computer numbers. Nonconference wins over Virginia, DePaul and Oklahoma are solid, but not spectacular. The Boilers very well might need an upset in the B10 quarters to have a legit claim.

Michigan [19-10 (7-7), RPI: 55, SOS: 53] Well, Michigan did what it needed to do, winning at Minnesota to take control of its fate. The Wolverines have Michigan State and an already-wrapped-up-the-league Ohio State at home to close, so the chances are there. Win both and we can talk. There is no marquee win yet in the profile, and the Wolverines were splattered in several games against name opponents. A mediocre computer profile fueled by a lack of road wins isn't helping, either.

Iowa [16-12 (8-6), RPI: 80, SOS: 64] For the sake of being complete, we'll add Iowa, this season's Stanford. It's plausible that the Hawkeyes could get to 10-6 (at Penn State, vs. Illinois left), but where does that leave them after a gruesome nonconference performance where the best win was over ... Toledo? Iowa State? Cornell?? If they get to 10-6, we can start to look at what they need to do in the B10 tourney, although my gut sense is that they would need to make the final and have knocked off Ohio State or Wisconsin on the way to have any real claim.

For more College Basketball betting lines go to MySportsbook.com

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