Unfortunately I don't know how to copy and paste ESPN Insider, so you'll have to wait until sunsfn posts it. Apparently owners were told last week that league revenue is actually down from last season. They said everybody was hoping the salary cap would increase to at least 45 million (from 43.8 million). Some people were hoping it would go up to 47 million.
This affects the Phoenix Suns in a couple of ways. Obviously they might not have quite as much room under the salary cap to sign free agents this summer as they were hoping to have. It also might mean that there is a luxury tax next season. Teams had been told that there would not be a luxury tax next season. I know we heard a lot about this when Tom Gugliotta was traded. That actually could be a positive thing for the Phoenix Suns because they have assets and salary space to help broker deals for teams desperate to get under the luxury tax limit. Who knows?
Overall it would say this is not good news though.
Joe Mama
This affects the Phoenix Suns in a couple of ways. Obviously they might not have quite as much room under the salary cap to sign free agents this summer as they were hoping to have. It also might mean that there is a luxury tax next season. Teams had been told that there would not be a luxury tax next season. I know we heard a lot about this when Tom Gugliotta was traded. That actually could be a positive thing for the Phoenix Suns because they have assets and salary space to help broker deals for teams desperate to get under the luxury tax limit. Who knows?
Overall it would say this is not good news though.
Joe Mama