to make things worse Achebe, An "Interim Audit Report" is used in case the an Audit Report is not completed. that is why I am depressed. The reports probably think "Interim" means that we are not to the end calculation for this year's Cap, yet. Whereas, according to the CBA, we indeed are. Any discrepancies between the Interim Audit Report and the Audit Report are made up the NEXT YEAR. The independent auditors provide an Audit Report and an Interim Audit Report. The latter is provided as "best estimates" and is always delivered on time. The former is actual financial numbers and comes out when it can. Sounds like we are locked in at $35.9m to me.
Salary Cap Increased to $42.5 Million NEW YORK, July 18 -- The National Basketball Association and the National Basketball Players Association have agreed upon a salary cap of $42.5 million for the 2001-02 season, it was announced Wednesday by Joel Litvin, NBA Executive Vice President, Legal and Business Affairs. The minimum team salary has been set at $31.875 million. Last season, the salary cap was $35.5 million and the average player salary was $4.2 million. ------------------ I find my own ignorance amusing
Beat me to it. Its done. Now, lets go get Jim McIlvane ... cbfc ------------------ Join the Chucky Brown Fan Club
chaos runs supreme SA will go for a Early Bird contract for sure now, no money for him ANYWHERE at this point. Hakeem just lost a lot of his ground; there is no way teh team will sign him for close to $10m (or whatever figure he wants). Mo T may have to take a 1 year contract (plus player option) again, if he stays. Wonder how many teams are still "not planning" on using all of the $4.5m exception? ------------------ "Hakeem gets a 3 with the final shot" - my second favorite moment of 95 finals
This will unfortunately kill any chance of trading Cato. that 6-7m just got a hell of a lot larger. ------------------ "Hakeem gets a 3 with the final shot" - my second favorite moment of 95 finals
