The NBA cap has been set at about $56 million. This is great news for Knicks fans as it means that the Knicks can sign 2 max contracts (though I doubt they will because they would need to renounce rights to all free agents from the team; it's a little complicated though and not for now) and still have a little money left over. Whatever happens, it is good to have the extra cap room. Let the LeBron era begin!
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