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NBA salary cap set at $58.044 million

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07/07/2010 - New York, NY (Sportsbook Betting Lines) - The NBA has set the salary cap for the 2010-11 season at $58.044 million.

This year's cap marks a surprising increase from 2009-10, when it was $57.7 million. The current figure is higher than the $56.1 million projected in April by commissioner David Stern.

With the salary cap in place, teams can start to officially sign players and make trades at 12:01 a.m. (et) on Thursday, July 8. The tax level for teams is $70.307 million.

In addition, the mid-level exception for next season is set at $5.765 million, while the minimum team salary, which is 75 percent of the cap, is set at $43.533 million.

Any team whose team salary exceeds that figure will pay a $1 tax for each $1 by which it exceeds $70.307 million.

Some teams have already verbally agreed to deals with the New York Knicks set to get Amare Stoudemire, the Heat coming to terms with Dwyane Wade and Chris Bosh, and the Chicago Bulls reportedly landing Carlos boozer.

The biggest name in free agency, LeBron James, is set to announce his decision Thursday night.


<< Clippers introduce Del Negro
Los Angeles, CA (Sportsbook Betting Lines) - The Los Angeles Clippers introduced Vinny Del Negro as their next head coach. The team held a press conference Wednesday for the 43-year-old Del Negro, who had one season and about $2 million remaining on h

<< Cubs put RHP Schlitter on DL
Phoenix, AZ (Sportsbook Betting Lines) - The Chicago Cubs have placed right-handed pitcher Brian Schlitter on the 15-day disabled list with a right shoulder impingement. Schlitter had his contract selected by the Cubs June 26 and made thre

<< Speculation building on LeBron's decision
Akron, OH (Sportsbook Betting Lines) - The speculation has been building and on Thursday night at 9 p.m. (et), two-time reigning MVP LeBron James will disclose his decision of where he'll play next. Will he remain with the Cavaliers? Better yet,

<< Thrashers re-sign Boulton
Atlanta, GA (Sportsbook Betting Lines) - The Atlanta Thrashers re-signed forward Eric Boulton on Wednesday. Terms of the deal were not disclosed by the club, but the Atlanta Journal- Constitution reported it is for one year and worth $650,000.

<< Kings ink Cousins
Sacramento, CA (Sportsbook Betting Lines) - The Sacramento Kings signed center DeMarcus Cousins, the fifth overall pick in the 2010 draft, on Wednesday. Terms of the deal were not released. Cousins, 6-foot-11, 270 pounds, averaged 15.1 points,

Jags release DE Hayward >>
Jacksonville, FL (Sportsbook Betting Lines) - The Jacksonville Jaguars have released defensive end Reggie Hayward, who spent nearly all of the 2009 season on injured reserve. The club had just re-signed him on April 1. Hayward suffered a

Dodgers put Belisario on restricted list; re-instate Monasterios >>
Los Angeles, CA (Sportsbook Betting Lines) - The Los Angeles Dodgers placed pitcher Ronald Belisario on the restricted list Wednesday due to personal reasons. Belisario had been a lynchpin in the Dodgers bullpen, posting a 1-1 mark with a 3.79

Raiders blast media with regard to Russell issue >>
Alameda, CA (Sportsbook Betting Lines) - The Oakland Raiders issued a statement on Wednesday saying they tried to assist JaMarcus Russell prior to releasing him two months ago. He was arrested on Monday for possession of codeine syrup without

Leafs ink blueliner Lebda >>
Toronto, ON (Sportsbook Betting Lines) - The Toronto Maple Leafs have signed unrestricted free agent defenseman Brett Lebda to a two-year contract. The 28-year-old Lebda had a goal and seven assists while playing 63 games for Detroit las

Scherzer dominant as Tigers top O's >>
Detroit, MI (Sportsbook Betting Lines) - Max Scherzer threw seven solid innings as the Detroit Tigers completed a three-game sweep of the Baltimore Orioles with a 4-2 win. Scherzer (6-6) retired the first 11 batters he faced and was charged with

MySportsbook.com refunds all bets on Oakland, Green Bay and Tampa Bay from NFL week one.

(September 14) – Week one of NFL action saw three teams go scoreless for the first time since 1977.  Another four were unable to get a touchdown and almost half of the underdogs covered the spread. Those three teams saved bettors at MySportsbook.com from losing out completely, thanks to the company’s unique NFL Shutout Rule -- which ensures that if the team you backed goes scoreless, your wager is refunded.

Sportsbook refunded tens of thousands of dollars to customers who bet on Oakland, Green Bay and Tampa Bay, the three teams that stunk up the field so badly that their fans and backers never had a chance to get up from their couches and cheer.  In the spirit of the low scoring start to the season, odds makers at the world’s largest online sportsbook and casino have set odds on how many total shutouts there will be this season. 

MySportsbook.com has posted updated sports betting lines for week two of the season.  Ben Roethlisberger’s health status is still questionable, so Willie Parker will try to lead Pittsburgh again as they travel to Jacksonville as a one point favorite.  After beating up on his little brother last week, Peyton Manning will look to lead the Colts to victory against Houston. Indianapolis is a whopping 13.5 favorite in the match-up.

Seattle, last year’s highest scoring team, showed the power of their defense with their gritty 9-6 win in Motown over the ravenous Lions.  They take their act back home to the comforts of Qwest Field where they will face the resurgent Arizona Cardinals.  The Seahawks are favored by a touchdown. 

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Barry Bonds Watch: Giants Slugger Says He'll Be Back

With only 21 home runs standing between him and Hank Aaron, Barry Bonds is indeed planning on coming back for more in 2007. At least, that's what his agent told the Los Angeles Times.

"Barry's going to play in 2007," Jeff Borris of Beverly Hills Sports Council told the Times on Tuesday. "I've had many discussions with Barry and he's going to play. My intentions are to see to it he's in a big-league uniform next season. Those are my marching orders."

Contract negotiations could get started as early as next week. Let's see which team has the deeper pockets. Will MLB baseball betting lines despite allegations of steroid use? Bet On It at www.MySportsbook.com .

Get all your baseball betting lines, MLB lines and MLB team props at the My Sportbook.

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