Vegas Odds, Cap Space

Last Nights Moves by Miami and Chicago have No Impact on Vegas Odds

Submitted by KJC125 on June 25, 2010 - 1:24pm

With all the hype and media frenzy over the fact that Miami and Chicago cleared additional dollars last night in an effort to create even more cap room has had no impact on where LeBron will sign in 2010 according to Vegas.

The odds still stand as:
Chicago: +150
Cleveland: -150
LA Clippers: +1000
Miami: +600
New York: +200
New Jersey: +400

This is a actually surprising, seeing the Knicks now in the #2 position in terms of cap dollars to Miami and Chicago getting a few extra dollars is a little scary.

According to ESPN here is a breakdown of cap space among the top teams after last night:
1) Miami - $43 Million
2) Knicks - $35 Million
3) Chicago - $30 Million
4) Nets - $27 Million

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	Knicks 2010 Salaries & Cap Room
	--------$56.1 Million-------- Knicks Current 2010 Salaries: Stoudemire(verbal agreement) $17.2M Curry $11.3M Gallanari $3.3M Chandler $2.1M Douglas $1.1M Walker $854K Total $35.8M *Total + Min Salaries: $38.58M Knicks Remaining Cap Space: ~$17.5M** *The minimum contract the Knicks could sign a player for in the remaining 6 roster spots which is automatically added to budget (source: HoopsHype.com)