NBA Salary cap set, more than expected

NEW YORK (AP)The NBA salary cap for next season has been set at $58 million, a higher number than projected.

The cap goes into effect at 12:01 a.m. Thursday, ending the league’s

moratorium period and allowing free agent contracts to be signed.

Commissioner David Stern said in April the league was projecting the

cap to come in at $56.1. The nearly $2 million more will be helpful to

Miami as it tries to fill out a roster around Dwyane Wade, Chris Bosh

and perhaps even LeBron James.

The mid-level exception is $5.8 million.

Received 07/07/10 07:49 pm ET