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2010-11 cap $2M higher than thought

Updated: July 8, 2010, 9:22 PM ET
By Marc Stein | ESPN.com

NBA teams found out Wednesday that the salary cap for next season will be nearly $2 million higher than anticipated, providing additional unforeseen cap space to several teams.

The NBA unexpectedly announced a cap of $58 million for the 2010-11 season, when most teams had budgeted for a cap of $56.1 million and after gloomy projections from the league as low as $50.4 million last July.

The exact salary cap figure, according to league sources, is $58,044,000, up from $57.7 million ...

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