That also means the Cavs need to hire a new assistant coach. Like my previous post said, there are two candidates on staff - Bryant Moore and Lloyd Pierce. They could also go outside the organization to hire someone.
I haven't heard anything about assistant Hank Egan, who is going year to year. It's not out of the question the Cavs could have two new assistant coaches this season.
CAP SET - The NBA announced that the salary cap for the 2009-10 season will be $57.7 million.
The luxury tax level for the 2009-10 season has been set at $69.92 million. Any
team whose team salary exceeds that figure will pay a $1 tax for each $1 by
which it exceeds $69.92 million.
The 2008-09 salary cap was $58.68 million and the tax level was $71.15
million. Although league-wide revenue increased 2.5% this past season, the
decrease in the salary cap and tax level for the 2009-10 season is the
result of the formula used to set the cap and tax under the terms of the
collective bargaining agreement.
The new salary cap and tax level go into effect on
Wednesday, when the league’s “moratorium period” ends and teams can
begin signing free agents and making trades.
The mid-level exception is $5.854 million for the 2009-10 season and the
minimum team salary, which is set at 75 percent of the cap, is $43.275