New York, NY, United States (4E Sports) – The Chicago Bulls and the Houston Rockets will be aided by a projected salary cap rise of nearly $5 million in their attempts to nab free agent-to-be Carmelo Anthony from the New York Knicks
The NBA has informed teams Friday that it is projecting a rise in the salary cap from this season’s $58.6 million to $63.2 million in 2014-15 made possible by increased revenues.
The new cap projection would represent a 7.7 percent increase over this season, way above the season-to-season 4.5 percent rise the NBA typically expects.
A corresponding rise in the luxury-tax threshold from $71.7 million to $77 million is also projected.
The latest projections will undoubtedly be welcomed by numerous teams that are planning to be active in free agency this summer.
Even before these developments the Bulls were optimistic behind the scenes about their chances of signing Anthony in the wake of New York’s failure to make the playoffs.
The Rockets are also confident of making the necessary moves, such as trading center Omer Asik and/or guard Jeremy Lin, to build itself as an attractive destination for Anthony.