There is no season yet, but according to Marc Berman of The New York Post, the cap could be $61 million in 2012.
Marc Berman reports for The New York Post:
“That’s what we’ve been discussing, though the exact dollar amount is not set until the new deal is done,’’ said one league source, who added no new talks have yet been scheduled.
Economic projections from sources say the salary cap will then grow to about $60-$61 million in 2012, when the Knicks will have the largest cap space in the league and have room to woo either Chris Paul, Deron Williams or Dwight Howard, who are slated to become free agents. The Knicks could be at least $20 million under the projected 2012 cap.
Ironically, Dolan has been seated across from Paul, who is the Knicks’ top priority, during many of the labor bargaining sessions because Paul is on the union’s negotiation committee.