The NBA sent out a memo Wednesday that the salary cap for 2010 will likely drop to between $50.4 M and $53.6 M. That's down from the $57.7 M announced for the 2009-10 season (which is also down about $1 M from this past season).
What does it all mean? Well clearly, it means that the economy is finally catching up to the league. A poor economy means less people going to games (or being able to afford such expensive tickets) and less merchandise being sold (duh). The NBA predicts to make 10 percent less in revenue this upcoming season.
But that's not all the lowered salary cap in 2010 means. It means some teams are going to have to change their game plans for the Summer of 2010. A lowered salary cap will mean, potentially, that teams looking to sign two free agents to maximum contracts, might have difficulty in accomplishing that. I'm looking at you, New York Knicks. Good luck in trying to lure Dwyane Wade and LeBron James to Madison Square Garden.
Of course, this new salary cap could throw some kinks in the options I laid out yesterday for what the Heat could potentially do, seeing as how it might be more difficult to sign two players to maximum contracts. But anything is still possible, especially when you have Pat Riley calling the shots in the front office. However, I find it a lot less likely that the Heat would make a play for Lamar Odom or David Lee (both of whom were just longshot suggestions), because it's probably in the team's best interest to not commit long-term to free agents this summer. Unfortunatelty, that mean's they would have to sign someone to the mid-level exception, or the veteran exception, and only one-year.
That's where Allen Iverson probably comes in. I still don't think this is the best baller to bring to the team, especially since it might hinder the growth of Mario Chalmers at point guard, and Iverson would want to play 30-35 minutes a night. But hey, if Wade wants Iverson, and bringing him in would make Wade happy and want to stay in Miami, then by all means, do it. But keep in mind, people don't change overnight, and Iverson has always been a me-first player.