NBA salary cap jumps nearly $5 million next year to $63 million, luxury tax line $76.8 million

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The NBA business is good — and that means the salary cap number is about to jump nearly $5 million a year.

The NBA salary cap for 2014-15 will be $63.065 million the league has announced, a healthy 7.5 percent jump from $58.679 million last season, the NBA announced.

The luxury tax level also jumps more than seven percent up to $76.829 million. The minimum team salary (the floor, as it’s called) will be $56.759 million, although there is no penalty for being below it (if a team does finish the year below it they have to pay the difference, with that money divided up among the players on the roster).

The mid-level exception for teams above the salary cap line but below the tax line will be $5.305 million. For teams over the tax-line their mid-level is $3.278 million, and the mid-level for team under the cap (who then go over) is $2.732 million.

All these numbers go into effect at midnight and the clock turn to July 10, the first day teams can sign players following a moratorium that started July 1 (all the deals you’ve been reading about at PBT, such as Kyle Lowry in Toronto or Marcin Gortat with the Wizards were agreements that couldn’t be finalized until the 10th).

The cap numbers are derived as part of the Collective Bargaining Agreement — the players and owners basically split the NBA’s “basketball related income” down the middle 50/50 and the cap numbers come out of that to divide up that spending. A piece of every player’s pay check is held in a reserve and then they get all or some (or occasionally none) of that money back when the numbers are added up at the end of the season to make sure the split of revenue is correct.

The NBA salary cap is expected to increase some again for 2015-16 then make a much bigger leap the year after that when the money from a new national television deal floods the market.

Bobby Portis apologizes for punching Nikola Mirotic in the face (VIDEO)

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As if this season wasn’t going to be hard enough for the Chicago Bulls, it started off on the wrong foot when Bobby Portis and Nikola Mirotic got into a fight during practice. That fight resulted in a facial fracture for Mirotic, putting one of Chicago’s best players out for multiple weeks.

Portis addressed the issue this week by apologizing to fans, the team, and Mirotic. However, Portis said that he has not heard from Mirotic since the fight, and that he did not respond when he tried to call his teammate.

Video of Portis’ apology is interesting if only because it’s a bit hard to discern the level of sincerity.

Via Twitter:

Chicago is 0-2 on the season. Portis is in the middle of serving an 8 game suspension for the incident.

Giannis Antetokounmpo scores career-high 44, dedicates game to father

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MILWAUKEE (AP) — After scoring a career-high 44 points, Giannis Antetokounmpo wrote a note on the game ball.

“This is for daddy. We got a win tonight,” the 22-year-old Milwaukee Bucks player said, remembering his father, Charles, who died last month at age 54.

Antetokounmpo scored 17 points in the fourth quarter, including a dunk that put Milwaukee ahead 111-110 with 11 seconds to go.

After a timeout, Damian Lillard found Jusuf Nurkic running open down the lane, but Antetokounmpo blocked his shot at the basket, sending the 7-foot center crashing to the floor.

Antetokounmpo, starting his fifth NBA season, made 17 of 23 shots with eight rebounds and four assists as Milwaukee kept pace with a Portland team that had dominated its first two opponents. The Bucks star is averaging 38.3 points through three games, up from 22.9 last year, 16.9 in 2015-16 and 12.7 in 2014-15.

“Seventy-nine more. This is just the beginning,” he said, thinking about how many regular-season games remain.

After Nurkic was rejected at the basket, Khris Middleton was fouled and made both free throws.

“They committed two guys to Dame, so somebody was going to be open,” Portland coach Terry Stotts said, referring to Lillard. “Turned out to be Nurk but they made a really good defensive play.”

Lillard scored 26 points, including 16 in the fourth quarter. CJ McCollum also scored 26, and Nurkic had 17 points and 11 rebounds. Tony Snell scored 17 points and Middleton added 16 for Milwaukee.

 

Stephen Curry, Kevin Durant ejected at end of loss to Grizzlies

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Stephen Curry is going to get fined for this.

The former MVP was frustrated, his team losing and thinking he was fouled by Mike Conley as he attacked the rim late in the Warriors loss in Memphis Saturday night. Curry threw his mouthpiece at the referee, which deservedly got him ejected instantly.

Durant followed him to the locker room, making a gesture that will earn him a fine as well.

The Warriors are 1-2 to start the season and there are a lot of factors at play. The China trip does this to teams, and throw in three straight trips to the Finals on top of it and it has an impact. The team is a little banged up. However, the biggest issue is their defense is a mess right now.

The Warriors will straighten it out eventually, but the start of the season could be a rough one for them.

Pacers owner says team not for sale, will not be moved from Indianapolis

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There are more than a few NBA owners who are seeing the prices teams are being sold for — the Rockets just sold for a record $2.2 billion — and considering their options. Some other billionaires are looking for teams, several with the goal of packing up the franchise and moving it to their respected hometowns.

Those billionaires need not call Herb Simon. The Pacers owner said the team is not going anywhere, speaking to Gregg Doyel of the IndyStar.

“I want to leave my legacy: This team permanently in Indianapolis,” Simon told IndyStar Friday in an interview at Bankers Life Fieldhouse. “That’s my No. 1 goal.”

Simon bought the Pacers in 1983 with his older brother, Melvin — who died in 2009 at age 82. He told IndyStar the team someday will be owned by his 53-year-old son, Steve. Behind the scenes, Steve Simon has been working closely with Pacers Sports and President Rick Fuson for five years — “He knows more about the dollars and cents than I do,” Herb said of his son — and met this week with several department heads.

“If anything happens to me, he’d be taking over,” Herb said, adding that father and son are on the same page: The Pacers are staying in Indianapolis.

Good. That is as it should be.

Indiana is part of America’s basketball heartland, and it should have a team. Pacers fans are smart and loyal, and the team has a long history going back to the ABA, running from Mel Daniels and George McGinnis through Reggie Miller and up to Myles Turner (hopefully he can be on the level of the rest of them someday). They play in the coolest basketball building in the league, one with the history of the sport wolven in.

Indy is the nation’s 27th largest television market, bigger than San Antonio, Salt Lake City, Oklahoma City and other successful NBA franchises. There is no reason the Pacers cannot thrive, so long as ownership is committed.

They are. Which is excellent news for Pacers’ fans.