Around roughly 8:00 am is morning ESPN began running with a rumored story that the NBA salary cap for the 2010-2011 season will around $53.4 million with a luxury tax line of $61.2 million. I'm not 100% sure how the NBA come up with the cap, but I have a strong feeling that it's tied to league shared revenue from ad's and national cable contracts with ABC/ESPN. In any event, all it really means is that every team is going to be panicking over 2010. Not because half the league's stars are free agents, but rather that nobody is going to have the money to sign anyone.
So, where do the Warriors stand in regards to the $53.4 million soft cap and $61.2 million luxury tax (aka hard cap)? Below is a table of the Warriors salaries as of 07/07/09 from Hoopsworld.com (thanks to GSoM poster homer simpson for the table).
Player Option / Early Termination Option / Team Option / Qualifying Offer / Non-guaranteed
As you can see that doesn't include Curry who should clock in around $2.6 million this season and $3 million in 2010. Granted that Belinelli, Law, Randolph, and Wright are all players that the Warriors have team options on. Assuming that they bring all 4 of those guys back, Azubuike opts-in and that Curry is around $3 million that would bring the Warriors salary up to $59.6 million well over the $53.4 million mark and that does not include what ever draft picks or FA we sign to a mutli year deal this current off-season. The Warriors are essentially at the cap for the big 2010 off-season. So what should the Warriors do?